Prologis Completes $4 Billion Acquisition of Industrial Property Trust

Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced that it has completed the acquisition of the wholly owned real estate assets of Industrial Property Trust Inc. ("IPT") for approximately $4 billion in cash, including the assumption and repayment of debt. Under the terms of the merger agreement, Prologis acquired IPT through its two U.S. co- investment ventures, […]