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SAN FRANCISCO-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that locally based Prologis Inc. has approved the sponsorship of a Japanese real estate investment trust to serve as a long-term investment vehicle for modern logistics facilities developed by Prologis in Japan.

The J-REIT would be managed by a wholly owned subsidiary of Prologis. Prologis would provide various pipeline and operational support to the J-REIT, including providing exclusive and/or preferential negotiation rights for additional properties developed by Prologis in Japan, according to the statement.

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