X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO—Prologis, Inc., the global leader in industrial real estate, today announced that Japanese real estate investment trust Nippon Prologis REIT, Inc., will issue new investment units. Prologis will retain its 15% ownership interest in Nippon Prologis (NPR).NPR intends to use the net proceeds from the issuance, estimated at $374 million (JPY 38B), for the repayment of the bridge loans used to acquire five class-A properties for approximately $448 million (JPY 45.5B).

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.