Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2015 | Feb. 12, 2016 | Jun. 30, 2015 | |
Document And Entity Information [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2015 | ||
Document Fiscal Year Focus | 2,015 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | PLD | ||
Entity Registrant Name | Prologis, Inc. | ||
Entity Central Index Key | 1,045,609 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 524,774,000 | ||
Entity Public Float | $ 19,266,497,534 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
ASSETS | ||
Investments in real estate properties | $ 27,521,368 | $ 22,190,145 |
Less accumulated depreciation | 3,274,284 | 2,790,781 |
Net investments in real estate properties | 24,247,084 | 19,399,364 |
Investments in and advances to unconsolidated entities | 4,755,620 | 4,824,724 |
Assets held for sale or contribution | 378,423 | 43,934 |
Notes receivable backed by real estate | 235,050 | 0 |
Net investments in real estate | 29,616,177 | 24,268,022 |
Cash and cash equivalents | 264,080 | 350,692 |
Other assets | 1,514,510 | 1,156,287 |
Total assets | 31,394,767 | 25,775,001 |
Liabilities: | ||
Debt | 11,626,831 | 9,336,977 |
Accounts payable and accrued expenses | 712,725 | 627,999 |
Other liabilities | 634,375 | 626,426 |
Total liabilities | 12,973,931 | 10,591,402 |
Prologis, Inc. stockholders’ equity: | ||
Series Q preferred stock at stated liquidation preference of $50 per share; $0.01 par value; 1,565 shares issued and outstanding and 100,000 preferred shares authorized at December 31, 2015, and 2014 | 78,235 | 78,235 |
Common stock; $0.01 par value; 524,512 shares and 509,498 shares issued and outstanding at December 31, 2015, and 2014, respectively | 5,245 | 5,095 |
Additional paid-in capital | 19,302,367 | 18,467,009 |
Accumulated other comprehensive loss | (791,429) | (600,337) |
Distributions in excess of net earnings | (3,926,483) | (3,974,493) |
Total Prologis, Inc. stockholders’ equity | 14,667,935 | 13,975,509 |
Partners' capital: | ||
Total partners’ capital | 0 | 0 |
Noncontrolling interests | 3,752,901 | 1,208,090 |
Total equity | 18,420,836 | 15,183,599 |
Total liabilities and equity | 31,394,767 | 25,775,001 |
Prologis, L.P. [Member] | ||
ASSETS | ||
Investments in real estate properties | 27,521,368 | 22,190,145 |
Less accumulated depreciation | 3,274,284 | 2,790,781 |
Net investments in real estate properties | 24,247,084 | 19,399,364 |
Investments in and advances to unconsolidated entities | 4,755,620 | 4,824,724 |
Assets held for sale or contribution | 378,423 | 43,934 |
Notes receivable backed by real estate | 235,050 | 0 |
Net investments in real estate | 29,616,177 | 24,268,022 |
Cash and cash equivalents | 264,080 | 350,692 |
Other assets | 1,514,510 | 1,156,287 |
Total assets | 31,394,767 | 25,775,001 |
Liabilities: | ||
Debt | 11,626,831 | 9,336,977 |
Accounts payable and accrued expenses | 712,725 | 627,999 |
Other liabilities | 634,375 | 626,426 |
Total liabilities | 12,973,931 | 10,591,402 |
Partners' capital: | ||
Total partners’ capital | 15,100,609 | 14,023,698 |
Noncontrolling interests | 3,320,227 | 1,159,901 |
Total capital | 18,420,836 | 15,183,599 |
Total liabilities and equity | 31,394,767 | 25,775,001 |
Prologis, L.P. [Member] | Preferred [Member] | ||
Partners' capital: | ||
General partner | 78,235 | 78,235 |
Prologis, L.P. [Member] | Common [Member] | ||
Partners' capital: | ||
General partner | 14,589,700 | 13,897,274 |
Limited partners | 186,683 | 48,189 |
Prologis, L.P. [Member] | Class A Common [Member] | ||
Partners' capital: | ||
Limited partners | $ 245,991 | $ 0 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2015 | Dec. 31, 2014 |
Statement Of Financial Position [Abstract] | ||
Preferred stock, liquidation preference per share | $ 50 | $ 50 |
Preferred stock, par value | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 100,000,000 | 100,000,000 |
Preferred stock, shares issued | 1,565,000 | 1,565,000 |
Preferred stock, shares outstanding | 1,565,000 | 1,565,000 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares issued | 524,512,000 | 509,498,000 |
Common stock, shares outstanding | 524,512,000 | 509,498,000 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Revenues: | |||
Rental | $ 1,536,117 | $ 1,178,609 | $ 1,227,975 |
Rental recoveries | 437,070 | 348,740 | 331,518 |
Strategic capital | 210,362 | 219,871 | 179,472 |
Development management and other | 13,525 | 13,567 | 11,521 |
Total revenues | 2,197,074 | 1,760,787 | 1,750,486 |
Expenses: | |||
Rental | 543,214 | 430,787 | 451,938 |
Strategic capital | 88,418 | 96,496 | 89,279 |
General and administrative | 238,199 | 247,768 | 229,207 |
Depreciation and amortization | 880,373 | 642,461 | 648,668 |
Other | 66,698 | 23,467 | 26,982 |
Total expenses | 1,816,902 | 1,440,979 | 1,446,074 |
Operating income | 380,172 | 319,808 | 304,412 |
Other income (expense): | |||
Earnings from unconsolidated entities, net | 159,262 | 134,288 | 97,220 |
Interest expense | (301,363) | (308,885) | (379,327) |
Interest and other income, net | 25,484 | 25,768 | 26,948 |
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 758,887 | 725,790 | 597,656 |
Foreign currency and derivative gains (losses) and related amortization, net | 12,466 | (17,841) | (33,633) |
Losses on early extinguishment of debt, net | (86,303) | (165,300) | (277,014) |
Total other income | 568,433 | 393,820 | 31,850 |
Earnings before income taxes | 948,605 | 713,628 | 336,262 |
Total income tax expense (benefit) | 23,090 | (25,656) | 106,733 |
Earnings from continuing operations | 925,515 | 739,284 | 229,529 |
Discontinued operations: | |||
Income attributable to disposed properties and assets held for sale | 0 | 0 | 6,970 |
Net gains on dispositions, including taxes | 0 | 0 | 116,550 |
Total discontinued operations | 0 | 0 | 123,520 |
Consolidated net earnings | 925,515 | 739,284 | 353,049 |
Less net earnings attributable to noncontrolling interests | 56,076 | 103,101 | 10,128 |
Net earnings attributable to controlling interests | 869,439 | 636,183 | 342,921 |
Less preferred stock/unit dividends/distributions | 6,651 | 7,431 | 18,391 |
Loss on preferred stock redemption/repurchase | 0 | 6,517 | 9,108 |
Net earnings attributable to common stockholders/unitholders | $ 862,788 | $ 622,235 | $ 315,422 |
Weighted average common shares/units outstanding – Basic | 521,241 | 499,583 | 486,076 |
Weighted average common shares/units outstanding – Diluted | 533,944 | 506,391 | 491,546 |
Net earnings per share attributable to common stockholders/unitholders – Basic | |||
Continuing operations | $ 1.66 | $ 1.25 | $ 0.40 |
Discontinued operations | 0 | 0 | 0.25 |
Net earnings per share attributable to common stockholders/unitholders – Basic | 1.66 | 1.25 | 0.65 |
Net earnings per share attributable to common stockholders/unitholders – Diluted | |||
Continuing operations | 1.64 | 1.24 | 0.39 |
Discontinued operations | 0 | 0 | 0.25 |
Net earnings per share attributable to common stockholders/unitholders – Diluted | 1.64 | 1.24 | 0.64 |
Dividends per common share or unit | $ 1.52 | $ 1.32 | $ 1.12 |
Prologis, L.P. [Member] | |||
Revenues: | |||
Rental | $ 1,536,117 | $ 1,178,609 | $ 1,227,975 |
Rental recoveries | 437,070 | 348,740 | 331,518 |
Strategic capital | 210,362 | 219,871 | 179,472 |
Development management and other | 13,525 | 13,567 | 11,521 |
Total revenues | 2,197,074 | 1,760,787 | 1,750,486 |
Expenses: | |||
Rental | 543,214 | 430,787 | 451,938 |
Strategic capital | 88,418 | 96,496 | 89,279 |
General and administrative | 238,199 | 247,768 | 229,207 |
Depreciation and amortization | 880,373 | 642,461 | 648,668 |
Other | 66,698 | 23,467 | 26,982 |
Total expenses | 1,816,902 | 1,440,979 | 1,446,074 |
Operating income | 380,172 | 319,808 | 304,412 |
Other income (expense): | |||
Earnings from unconsolidated entities, net | 159,262 | 134,288 | 97,220 |
Interest expense | (301,363) | (308,885) | (379,327) |
Interest and other income, net | 25,484 | 25,768 | 26,948 |
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 758,887 | 725,790 | 597,656 |
Foreign currency and derivative gains (losses) and related amortization, net | 12,466 | (17,841) | (33,633) |
Losses on early extinguishment of debt, net | (86,303) | (165,300) | (277,014) |
Total other income | 568,433 | 393,820 | 31,850 |
Earnings before income taxes | 948,605 | 713,628 | 336,262 |
Total income tax expense (benefit) | 23,090 | (25,656) | 106,733 |
Discontinued operations: | |||
Income attributable to disposed properties and assets held for sale | 0 | 0 | 6,970 |
Net gains on dispositions, including taxes | 0 | 0 | 116,550 |
Total discontinued operations | 0 | 0 | 123,520 |
Consolidated net earnings | 925,515 | 739,284 | 353,049 |
Less net earnings attributable to noncontrolling interests | 44,950 | 100,900 | 8,920 |
Net earnings attributable to controlling interests | 880,565 | 638,384 | 344,129 |
Less preferred stock/unit dividends/distributions | 6,651 | 7,431 | 18,391 |
Loss on preferred stock redemption/repurchase | 0 | 6,517 | 9,108 |
Net earnings attributable to common stockholders/unitholders | $ 873,914 | $ 624,436 | $ 316,630 |
Weighted average common shares/units outstanding – Basic | 525,912 | 501,349 | 487,936 |
Weighted average common shares/units outstanding – Diluted | 533,944 | 506,391 | 491,546 |
Net earnings per share attributable to common stockholders/unitholders – Basic | |||
Continuing operations | $ 1.66 | $ 1.25 | $ 0.40 |
Discontinued operations | 0 | 0 | 0.25 |
Net earnings per share attributable to common stockholders/unitholders – Basic | 1.66 | 1.25 | 0.65 |
Net earnings per share attributable to common stockholders/unitholders – Diluted | |||
Continuing operations | 1.64 | 1.24 | 0.39 |
Discontinued operations | 0 | 0 | 0.25 |
Net earnings per share attributable to common stockholders/unitholders – Diluted | 1.64 | 1.24 | 0.64 |
Dividends per common share or unit | $ 1.52 | $ 1.32 | $ 1.12 |
Earnings from continuing operations | $ 925,515 | $ 739,284 | $ 229,529 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Consolidated net earnings | $ 925,515 | $ 739,284 | $ 353,049 |
Other comprehensive income (loss): | |||
Foreign currency translation losses, net | (208,901) | (171,401) | (234,680) |
Unrealized gains (losses) and amortization on derivative contracts, net | (17,457) | (6,498) | 19,590 |
Comprehensive income | 699,157 | 561,385 | 137,959 |
Net earnings attributable to noncontrolling interests | (56,076) | (103,101) | (10,128) |
Other comprehensive loss attributable to noncontrolling interest | 35,266 | 13,237 | 12,978 |
Comprehensive income attributable to common stockholders / unitholders | 678,347 | 471,521 | 140,809 |
Prologis, L.P. [Member] | |||
Consolidated net earnings | 925,515 | 739,284 | 353,049 |
Other comprehensive income (loss): | |||
Foreign currency translation losses, net | (208,901) | (171,401) | (234,680) |
Unrealized gains (losses) and amortization on derivative contracts, net | (17,457) | (6,498) | 19,590 |
Comprehensive income | 699,157 | 561,385 | 137,959 |
Net earnings attributable to noncontrolling interests | (44,950) | (100,900) | (8,920) |
Other comprehensive loss attributable to noncontrolling interest | 32,862 | 12,666 | 12,261 |
Comprehensive income attributable to common stockholders / unitholders | $ 687,069 | $ 473,151 | $ 141,300 |
Consolidated Statement of Equit
Consolidated Statement of Equity - USD ($) shares in Thousands, $ in Thousands | Total | KTR Capital Partners and Affiliates [Member] | Other Acquisitions [Member] | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Distributions in Excess of Net Earnings [Member] | Non-controlling Interests [Member] | Non-controlling Interests [Member]KTR Capital Partners and Affiliates [Member] | Non-controlling Interests [Member]Other Acquisitions [Member] |
Balance at Dec. 31, 2012 | $ 13,773,336 | $ 582,200 | $ 4,618 | $ 16,411,855 | $ (233,563) | $ (3,696,093) | $ 704,319 | ||||
Balance, shares at Dec. 31, 2012 | 461,770 | ||||||||||
Consolidated net earnings | 353,049 | 342,921 | 10,128 | ||||||||
Effect of equity compensation plans | 93,705 | $ 13 | 93,692 | ||||||||
Effect of equity compensation plans, shares | 1,351 | ||||||||||
Issuance of stock in equity offering, net of issuance costs | 1,437,697 | $ 357 | 1,437,340 | ||||||||
Issuance of stock in equity offering, net of issuance costs, shares | 35,650 | ||||||||||
Redemption of preferred stock | (482,715) | (482,200) | 8,593 | (9,108) | |||||||
Issuance of warrant | 32,359 | 32,359 | |||||||||
Capital contributions | 146,130 | 146,130 | |||||||||
Settlement of noncontrolling interests | (255,551) | (7,868) | (247,683) | ||||||||
Settlement of noncontrolling interests, shares | 28 | ||||||||||
Foreign currency translation gains (losses), net | (234,680) | (221,633) | (13,047) | ||||||||
Unrealized gains (losses) and amortization on derivative contracts, net | 19,590 | 19,521 | 69 | ||||||||
Distributions and allocations | (706,467) | (1,462) | (570,384) | (134,621) | |||||||
Balance at Dec. 31, 2013 | 14,176,453 | 100,000 | $ 4,988 | 17,974,509 | (435,675) | (3,932,664) | 465,295 | ||||
Balance, shares at Dec. 31, 2013 | 498,799 | ||||||||||
Consolidated net earnings | 739,284 | 636,183 | 103,101 | ||||||||
Effect of equity compensation plans | 88,888 | $ 14 | 88,424 | 450 | |||||||
Effect of equity compensation plans, shares | 1,383 | ||||||||||
Issuance of stock in equity offering, net of issuance costs | 140,135 | $ 33 | 140,102 | ||||||||
Issuance of stock in equity offering, net of issuance costs, shares | 3,316 | ||||||||||
Redemption of preferred stock | (27,643) | (21,765) | 639 | (6,517) | |||||||
Capital contributions | 14,464 | 14,464 | |||||||||
Settlement of noncontrolling interests | (2,440) | 33,803 | (36,243) | ||||||||
Foreign currency translation gains (losses), net | (181,164) | (167,950) | (13,214) | ||||||||
Unrealized gains (losses) and amortization on derivative contracts, net | (9,242) | (9,219) | (23) | ||||||||
Distributions and allocations | (991,948) | 2,031 | (671,495) | (322,484) | |||||||
Balance at Dec. 31, 2014 | $ 15,183,599 | 78,235 | $ 5,095 | 18,467,009 | (600,337) | (3,974,493) | 1,208,090 | ||||
Balance, shares at Dec. 31, 2014 | 509,498 | 509,498 | |||||||||
Issuance of stock from exercise of warrant | $ 213,840 | $ 60 | 213,780 | ||||||||
Issuance of stock from exercise of warrants, shares | 6,000 | ||||||||||
Formation of Prologis U.S. Logistics Venture | 455,972 | 13,721 | 442,251 | ||||||||
Consolidation of Prologis North American Industrial Fund | 567,000 | 12,507 | 554,493 | ||||||||
Consolidated net earnings | 925,515 | 869,439 | 56,076 | ||||||||
Effect of equity compensation plans | 83,703 | $ 15 | 57,454 | 26,234 | |||||||
Effect of equity compensation plans, shares | 1,475 | ||||||||||
Issuance of stock in equity offering, net of issuance costs | 71,548 | $ 16 | 71,532 | ||||||||
Issuance of stock in equity offering, net of issuance costs, shares | 1,662 | ||||||||||
Capital contributions | 2,355,596 | 2,355,596 | |||||||||
Foreign currency translation gains (losses), net | (208,901) | (173,852) | (35,049) | ||||||||
Unrealized gains (losses) and amortization on derivative contracts, net | (17,457) | (17,240) | (217) | ||||||||
Balance at Dec. 31, 2015 | $ 18,420,836 | $ 78,235 | $ 5,245 | 19,302,367 | $ (791,429) | (3,926,483) | 3,752,901 | ||||
Balance, shares at Dec. 31, 2015 | 524,512 | 524,512 | |||||||||
Issuance of stock upon conversion of exchangeable debt | $ 502,732 | $ 119 | 502,613 | ||||||||
Issuance of stock upon conversion of exchangeable debt, shares | 11,872 | ||||||||||
Issuance of units related to acquisitions | $ 181,170 | $ 371,570 | $ 181,170 | $ 371,570 | |||||||
Reallocation of equity | 202,812 | (15,894) | (186,918) | ||||||||
Distributions and other | $ (1,028,239) | $ 947 | $ (805,535) | $ (223,651) | |||||||
Distributions and other, shares | 5 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Operating activities: | |||
Consolidated net earnings | $ 925,515 | $ 739,284 | $ 353,049 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
Straight-lined rents and amortization of above and below market leases | (59,619) | (14,392) | (12,080) |
Equity-based compensation awards | 53,665 | 57,478 | 49,239 |
Depreciation and amortization | 880,373 | 642,461 | 664,007 |
Earnings from unconsolidated entities, net | (159,262) | (134,288) | (97,220) |
Distributions from unconsolidated entities | 144,045 | 117,938 | 68,319 |
Net changes in operating receivables from unconsolidated entities | (38,185) | (7,503) | 7,540 |
Amortization of debt and deferred financing costs | (31,841) | (7,324) | (24,641) |
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | (758,887) | (725,790) | (715,758) |
Losses on early extinguishment of debt, net | 86,303 | 165,300 | 277,014 |
Unrealized foreign currency and derivative losses (gains) and related amortization, net | (1,019) | 22,571 | 28,619 |
Deferred income tax benefit | (5,057) | (87,240) | (20,067) |
Increase in accounts receivable and other assets | (64,749) | (93) | (12,912) |
Increase (decrease) in accounts payable and accrued expenses and other liabilities | (7,872) | (63,871) | (80,120) |
Net cash provided by operating activities | 963,410 | 704,531 | 484,989 |
Investing activities: | |||
Real estate development activity | (1,339,904) | (1,064,220) | (853,082) |
Real estate acquisitions | (890,183) | (612,330) | (514,611) |
Tenant improvements and lease commissions on previously leased space | (154,564) | (133,957) | (145,424) |
Nondevelopment capital expenditures | (83,351) | (78,610) | (82,610) |
Proceeds from dispositions and contributions of real estate properties | 2,795,249 | 2,285,488 | 5,409,745 |
Investments in and advances to unconsolidated entities | (474,420) | (739,635) | (1,221,155) |
Acquisition of a controlling interest in unconsolidated co-investment ventures, net of cash received | 0 | (590,390) | (678,642) |
Return of investment from unconsolidated entities | 170,025 | 244,306 | 411,853 |
Proceeds from repayment of notes receivable backed by real estate | 9,866 | 188,000 | 0 |
Proceeds from the settlement of net investment hedges | 129,149 | 31,409 | 8,842 |
Payments on the settlement of net investment hedges | (981) | (18,370) | (994) |
Net cash provided by (used in) investing activities | (4,648,613) | (488,309) | 2,333,922 |
Financing activities: | |||
Proceeds from issuance of common stock | 90,258 | 378,247 | 1,505,791 |
Distributions paid on common and preferred stock | (804,697) | (672,190) | (573,854) |
Repurchase and redemption of preferred stock | 0 | (27,643) | (482,500) |
Noncontrolling interests contributions | 2,355,367 | 468,280 | 145,522 |
Noncontrolling interests distributions | (215,740) | (315,426) | (115,999) |
Purchase of noncontrolling interests | (2,560) | (2,440) | (250,740) |
Debt and equity issuance costs paid | (32,012) | (23,420) | (77,017) |
Net payments on credit facilities | (7,970) | (717,369) | (93,075) |
Repurchase and payments of debt | (3,156,294) | (4,205,806) | (6,012,433) |
Proceeds from issuance of debt | 5,381,862 | 4,779,950 | 3,588,683 |
Net cash provided by (used in) financing activities | 3,608,214 | (337,817) | (2,365,622) |
Effect of foreign currency exchange rate changes on cash | (9,623) | (18,842) | (62,970) |
Net increase (decrease) in cash and cash equivalents | (86,612) | (140,437) | 390,319 |
Cash and cash equivalents, beginning of year | 350,692 | 491,129 | 100,810 |
Cash and cash equivalents, end of year | 264,080 | 350,692 | 491,129 |
Prologis, L.P. [Member] | |||
Operating activities: | |||
Consolidated net earnings | 925,515 | 739,284 | 353,049 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
Straight-lined rents and amortization of above and below market leases | (59,619) | (14,392) | (12,080) |
Equity-based compensation awards | 53,665 | 57,478 | 49,239 |
Depreciation and amortization | 880,373 | 642,461 | 664,007 |
Earnings from unconsolidated entities, net | (159,262) | (134,288) | (97,220) |
Distributions from unconsolidated entities | 144,045 | 117,938 | 68,319 |
Net changes in operating receivables from unconsolidated entities | (38,185) | (7,503) | 7,540 |
Amortization of debt and deferred financing costs | (31,841) | (7,324) | (24,641) |
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | (758,887) | (725,790) | (715,758) |
Losses on early extinguishment of debt, net | 86,303 | 165,300 | 277,014 |
Unrealized foreign currency and derivative losses (gains) and related amortization, net | (1,019) | 22,571 | 28,619 |
Deferred income tax benefit | (5,057) | (87,240) | (20,067) |
Increase in accounts receivable and other assets | (64,749) | (93) | (12,912) |
Increase (decrease) in accounts payable and accrued expenses and other liabilities | (7,872) | (63,871) | (80,120) |
Net cash provided by operating activities | 963,410 | 704,531 | 484,989 |
Investing activities: | |||
Real estate development activity | (1,339,904) | (1,064,220) | (853,082) |
Real estate acquisitions | (890,183) | (612,330) | (514,611) |
Tenant improvements and lease commissions on previously leased space | (154,564) | (133,957) | (145,424) |
Nondevelopment capital expenditures | (83,351) | (78,610) | (82,610) |
Proceeds from dispositions and contributions of real estate properties | 2,795,249 | 2,285,488 | 5,409,745 |
Investments in and advances to unconsolidated entities | (474,420) | (739,635) | (1,221,155) |
Acquisition of a controlling interest in unconsolidated co-investment ventures, net of cash received | 0 | (590,390) | (678,642) |
Return of investment from unconsolidated entities | 170,025 | 244,306 | 411,853 |
Proceeds from repayment of notes receivable backed by real estate | 9,866 | 188,000 | 0 |
Proceeds from the settlement of net investment hedges | 129,149 | 31,409 | 8,842 |
Payments on the settlement of net investment hedges | (981) | (18,370) | (994) |
Net cash provided by (used in) investing activities | (4,648,613) | (488,309) | 2,333,922 |
Financing activities: | |||
Proceeds from issuance of common stock | 90,258 | 378,247 | 1,505,791 |
Distributions paid on common and preferred stock | (820,989) | (674,344) | (580,862) |
Repurchase and redemption of preferred stock | 0 | (27,643) | (482,500) |
Noncontrolling interests contributions | 2,355,367 | 468,280 | 145,522 |
Noncontrolling interests distributions | (199,845) | (313,272) | (113,928) |
Purchase of noncontrolling interests | (2,163) | (2,440) | (245,803) |
Debt and equity issuance costs paid | (32,012) | (23,420) | (77,017) |
Net payments on credit facilities | (7,970) | (717,369) | (93,075) |
Repurchase and payments of debt | (3,156,294) | (4,205,806) | (6,012,433) |
Proceeds from issuance of debt | 5,381,862 | 4,779,950 | 3,588,683 |
Net cash provided by (used in) financing activities | 3,608,214 | (337,817) | (2,365,622) |
Effect of foreign currency exchange rate changes on cash | (9,623) | (18,842) | (62,970) |
Net increase (decrease) in cash and cash equivalents | (86,612) | (140,437) | 390,319 |
Cash and cash equivalents, beginning of year | 350,692 | 491,129 | 100,810 |
Cash and cash equivalents, end of year | 264,080 | 350,692 | 491,129 |
KTR Capital Partners and Affiliates [Member] | |||
Investing activities: | |||
KTR acquisition, net of cash received | (4,809,499) | 0 | 0 |
KTR Capital Partners and Affiliates [Member] | Prologis, L.P. [Member] | |||
Investing activities: | |||
KTR acquisition, net of cash received | $ (4,809,499) | $ 0 | $ 0 |
Consolidated Statements of Capi
Consolidated Statements of Capital - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Consolidated net earnings | $ 925,515 | $ 739,284 | $ 353,049 |
Effect of equity compensation plans | 83,703 | 88,888 | 93,705 |
Redemption of preferred stock | (27,643) | (482,715) | |
Issuance of warrant | 32,359 | ||
Formation of Prologis U.S. Logistics Venture | 455,972 | ||
Consolidation of Prologis North American Industrial Fund | 567,000 | ||
Issuance of stock in at-the-market program,net of issuance cost | 71,548 | 140,135 | 1,437,697 |
Issuance of stock upon conversion of exchangeable debt | 502,732 | ||
Capital contributions | 2,355,596 | 14,464 | 146,130 |
Unrealized gains (losses) and amortization on derivative contracts, net | (17,457) | (9,242) | 19,590 |
Non-controlling Interests [Member] | |||
Consolidated net earnings | 56,076 | 103,101 | 10,128 |
Effect of equity compensation plans | 26,234 | 450 | |
Formation of Prologis U.S. Logistics Venture | 442,251 | ||
Consolidation of Prologis North American Industrial Fund | 554,493 | ||
Capital contributions | 2,355,596 | 14,464 | 146,130 |
Unrealized gains (losses) and amortization on derivative contracts, net | (217) | (23) | 69 |
KTR Capital Partners and Affiliates [Member] | |||
Issuance of units related to acquisitions | 181,170 | ||
KTR Capital Partners and Affiliates [Member] | Non-controlling Interests [Member] | |||
Issuance of units related to acquisitions | 181,170 | ||
Other Acquisitions [Member] | |||
Issuance of units related to acquisitions | 371,570 | ||
Other Acquisitions [Member] | Non-controlling Interests [Member] | |||
Issuance of units related to acquisitions | 371,570 | ||
Prologis, L.P. [Member] | |||
Beginning balance | 15,183,599 | 14,176,453 | 13,773,336 |
Consolidated net earnings | 925,515 | 739,284 | 353,049 |
Effect of equity compensation plans | 83,703 | 88,888 | 93,705 |
Issuance of units in exchange for contribution of equity offering proceeds | 71,548 | 140,135 | 1,437,697 |
Redemption of preferred stock | (27,643) | (482,715) | |
Issuance of warrant | 32,359 | ||
Issuance of units in exchange for proceeds from exercise of warrant | 213,840 | ||
Formation of Prologis U.S. Logistics Venture | 455,972 | ||
Consolidation of Prologis North American Industrial Fund | 567,000 | ||
Capital contributions | 2,355,596 | 14,464 | 146,130 |
Settlement of noncontrolling interests | (2,440) | (250,613) | |
Foreign currency translation losses, net | (208,901) | (181,164) | (234,680) |
Unrealized gains (losses) and amortization on derivative contracts, net | (17,457) | (9,242) | 19,590 |
Distributions and other | (1,028,239) | (991,948) | (711,405) |
Ending balance | 18,420,836 | 15,183,599 | 14,176,453 |
Issuance of units upon conversion of exchangeable debt | 502,732 | ||
Prologis, L.P. [Member] | Non-controlling Interests [Member] | |||
Beginning balance | 1,159,901 | 417,086 | 653,125 |
Consolidated net earnings | 44,950 | 100,900 | 8,920 |
Formation of Prologis U.S. Logistics Venture | 442,251 | ||
Consolidation of Prologis North American Industrial Fund | 554,493 | ||
Capital contributions | 2,355,596 | 14,464 | 146,130 |
Settlement of noncontrolling interests | (36,243) | (242,745) | |
Foreign currency translation losses, net | (32,862) | (12,666) | (12,261) |
Distributions and other | (207,358) | (320,384) | (136,083) |
Ending balance | 3,320,227 | 1,159,901 | 417,086 |
Prologis, L.P. [Member] | KTR Capital Partners and Affiliates [Member] | |||
Issuance of units related to acquisitions | 181,170 | ||
Prologis, L.P. [Member] | Other Acquisitions [Member] | |||
Issuance of units related to acquisitions | 371,570 | ||
Preferred [Member] | Prologis, L.P. [Member] | General Partner | |||
Beginning balance | $ 78,235 | $ 100,000 | $ 582,200 |
Beginning balance, Units | 1,565 | 2,000 | 21,300 |
Redemption of preferred stock | $ (21,765) | $ (482,200) | |
Redemption of preferred units, units | (435) | (19,300) | |
Ending balance | $ 78,235 | $ 78,235 | $ 100,000 |
Ending balance, Units | 1,565 | 1,565 | 2,000 |
Common [Member] | Prologis, L.P. [Member] | General Partner | |||
Beginning balance | $ 13,897,274 | $ 13,611,158 | $ 12,486,817 |
Beginning balance, Units | 509,498 | 498,799 | 461,770 |
Consolidated net earnings | $ 869,439 | $ 636,183 | $ 342,921 |
Effect of equity compensation plans | $ 57,469 | $ 88,438 | $ 93,705 |
Effect of equity compensation plans, shares | 1,475 | 1,383 | 1,351 |
Issuance of units in exchange for contribution of equity offering proceeds | $ 71,548 | $ 140,135 | $ 1,437,697 |
Issuance of units in exchange for contributions of equity offering proceeds share | 3,316 | 35,650 | |
Redemption of preferred stock | $ (5,878) | $ (515) | |
Issuance of warrant | 32,359 | ||
Issuance of units in exchange for proceeds from exercise of warrant | $ 213,840 | ||
Issuance of units in exchange for proceeds from exercise of warrant, units | 6,000 | ||
Formation of Prologis U.S. Logistics Venture | $ 13,721 | ||
Consolidation of Prologis North American Industrial Fund | 12,507 | ||
Issuance of stock in equity offering, net of issuance costs, shares | 1,662 | ||
Issuance of stock upon conversion of exchangeable debt, shares | 11,872 | ||
Settlement of noncontrolling interests | 33,803 | $ (7,868) | |
Settlement of noncontrolling interests, units | 28 | ||
Foreign currency translation losses, net | $ (173,852) | (167,950) | $ (221,633) |
Unrealized gains (losses) and amortization on derivative contracts, net | (17,240) | (9,219) | 19,521 |
Reallocation of capital | 186,918 | ||
Distributions and other | $ (804,588) | (669,464) | (571,846) |
Distributions and other, shares | 5 | ||
Ending balance | $ 14,589,700 | $ 13,897,274 | $ 13,611,158 |
Ending balance, Units | 524,512 | 509,498 | 498,799 |
Issuance of units upon conversion of exchangeable debt | $ 502,732 | ||
Common [Member] | Prologis, L.P. [Member] | Limited Partners [Member] | |||
Beginning balance | $ 48,189 | $ 48,209 | $ 51,194 |
Beginning balance, Units | 1,767 | 1,767 | 1,893 |
Consolidated net earnings | $ 7,733 | $ 2,201 | $ 1,208 |
Effect of equity compensation plans | $ 26,234 | 450 | |
Effect of equity compensation plans, shares | 303 | ||
Foreign currency translation losses, net | $ (1,520) | (548) | (786) |
Unrealized gains (losses) and amortization on derivative contracts, net | (151) | (23) | 69 |
Reallocation of capital | (70,965) | ||
Distributions and other | $ (10,541) | (2,100) | $ (3,476) |
Distributions and allocations, units | (126) | ||
Distributions and other, shares | (16) | ||
Ending balance | $ 186,683 | $ 48,189 | $ 48,209 |
Ending balance, Units | 6,711 | 1,767 | 1,767 |
Common [Member] | Prologis, L.P. [Member] | Limited Partners [Member] | KTR Capital Partners and Affiliates [Member] | |||
Issuance of units related to acquisitions | $ 181,170 | ||
Issuance of units related to acquisition, shares | 4,500 | ||
Common [Member] | Prologis, L.P. [Member] | Limited Partners [Member] | Other Acquisitions [Member] | |||
Issuance of units related to acquisitions | $ 6,534 | ||
Issuance of units related to acquisition, shares | 157 | ||
Class A Common [Member] | Prologis, L.P. [Member] | Limited Partners [Member] | |||
Consolidated net earnings | $ 3,393 | ||
Foreign currency translation losses, net | (667) | ||
Unrealized gains (losses) and amortization on derivative contracts, net | (66) | ||
Reallocation of capital | (115,953) | ||
Distributions and other | (5,752) | ||
Ending balance | $ 245,991 | ||
Ending balance, Units | 8,894 | ||
Class A Common [Member] | Prologis, L.P. [Member] | Limited Partners [Member] | Other Acquisitions [Member] | |||
Issuance of units related to acquisitions | $ 365,036 | ||
Issuance of units related to acquisition, shares | 8,894 |
Description of Business
Description of Business | 12 Months Ended |
Dec. 31, 2015 | |
Accounting Policies [Abstract] | |
Description of Business | Note 1. Description of Business Prologis, Inc. (or the “Parent”) commenced operations as a fully integrated real estate company in 1997, elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), and believes the current organization and method of operation will enable it to maintain its status as a REIT. The Parent is the general partner of Prologis, L.P. (or the “Operating Partnership”). Through the Operating Partnership, we are engaged in the ownership, acquisition, development and management of industrial properties in global and regional markets throughout the Americas, Europe and Asia. Our current business strategy consists of two operating business segments: Real Estate Operations and Strategic Capital. Our Real Estate Operations segment represents the ownership of industrial properties. Our Strategic Capital segment represents the management of co-investment ventures and other unconsolidated entities. See Note 18 for further discussion of our business segments. Unless otherwise indicated, the Notes to the Consolidated Financial Statements apply to both the Parent and the Operating Partnership. The terms “the Company,” “Prologis,” “we,” “our” or “us” means the Parent and Operating Partnership collectively. For each share of common stock or preferred stock the Parent issues, the Operating Partnership issues a corresponding common or preferred partnership unit, as applicable, to the Parent in exchange for the contribution of the proceeds from the stock issuance. At December 31, 2015, the Parent owned an approximate 97.12% common general partnership interest in the Operating Partnership and 100% of the preferred units in the Operating Partnership. The remaining approximate 2.88% common limited partnership interests, which include 8.9 million units of Class A common limited partnership units (“Class A Units”) in the Operating Partnership, are owned by unaffiliated investors and certain current and former directors and officers of the Parent. Each partner’s percentage interest in the Operating Partnership is determined based on the number of Operating Partnership units owned as compared to total Operating Partnership units outstanding as of each period end and is used as the basis for the allocation of net income or loss to each partner. Reallocation of Equity Reallocation of Capital. As the sole general partner of the Operating Partnership, the Parent has complete responsibility and discretion in the day-to-day management and control of the Operating Partnership and we operate the Parent and the Operating Partnership as one enterprise. The management of the Parent consists of the same members as the management of the Operating Partnership. These members are officers of the Parent and employees of the Operating Partnership or one of its subsidiaries. As general partner with control of the Operating Partnership, the Parent consolidates the Operating Partnership. Because the Parent’s only significant asset is its investment in the Operating Partnership, the assets and liabilities of the Parent and the Operating Partnership are the same on their respective financial statements. Information with respect to the square footage, number of buildings and acres of land is unaudited |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2015 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Note 2. Summary of Significant Accounting Policies Basis of Presentation and Consolidation. The accompanying Consolidated Financial Statements are prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”) and are presented in our reporting currency, the U.S. dollar. All material intercompany transactions with consolidated entities have been eliminated. We consolidate all entities that are wholly owned and those in which we own less than 100% of the equity but control, as well as any variable interest entities in which we are the primary beneficiary. We evaluate our ability to control an entity and whether the entity is a variable interest entity and we are the primary beneficiary through consideration of substantive terms of the arrangement to identify which enterprise has the power to direct the activities of the entity that most significantly impacts the entity’s economic performance and the obligation to absorb losses of the entity or the right to receive benefits from the entity. For entities that are not defined as variable interest entities, we first consider whether we are the general partner or the limited partner (or the equivalent in such investments that are not structured as partnerships). We consolidate entities in which we are the general partner and the limited partners in such entities do not have rights that would preclude control. For entities in which we are the general partner but do not control the entity as the other partners hold substantive participating or kick-out rights, we apply the equity method of accounting since as the general partner we have the ability to influence the venture. For ventures for which we are a limited partner or our investment is in an entity that is not structured similar to a partnership, we consider factors such as ownership interest, voting control, authority to make decisions, and contractual and substantive participating rights of the partners. In instances where the factors indicate that we control the venture, we consolidate the entity. Reclassifications. Certain amounts included in the Consolidated Financial Statements for 2014 and 2013 have been reclassified to conform to the 2015 financial statement presentation. Use of Estimates. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenue and expenses during the reporting period. Although we believe the assumptions and estimates we made are reasonable and appropriate, as discussed in the applicable sections throughout the Consolidated Financial Statements, different assumptions and estimates could materially impact our reported results. Foreign Operations. The U.S. dollar is the functional currency for our consolidated subsidiaries and unconsolidated entities operating in the United States and Mexico and certain of our consolidated subsidiaries that operate as holding companies for foreign investments. The functional currency for our consolidated subsidiaries and unconsolidated entities operating in countries other than the United States and Mexico is the principal currency in which the entity’s assets, liabilities, income and expenses are denominated, which may be different from the local currency of the country of incorporation or where the entity conducts its operations. The functional currencies of our consolidated subsidiaries and unconsolidated entities generally include the Brazilian real, British pound sterling, Canadian dollar, Chinese renminbi, euro, Japanese yen and Singapore dollar. We take part in business transactions denominated in these and other local currencies where we operate. For our consolidated subsidiaries whose functional currency is not the U.S. dollar, we translate their financial statements into the U.S. dollar at the time we consolidate those subsidiaries’ financial statements. Generally, assets and liabilities are translated at the exchange rate in effect at the balance sheet date. The resulting translation adjustments are included in Accumulated Other Comprehensive Loss AOCI We and certain of our consolidated subsidiaries have intercompany and third-party debt that is not denominated in the entity’s functional currency. When the debt is remeasured against the functional currency of the entity, a gain or loss can result. The resulting adjustment is reflected in results of operations, unless it is intercompany debt that is deemed to be long-term in nature and then the adjustment is reflected as a cumulative translation adjustment in AOCI Business Combinations. When we acquire a business or individual operating properties, we allocate the purchase price to the various components of the acquisition based on the fair value of the acquired assets and assumed liabilities, including an allocation to the individual buildings acquired. We generally acquire operating properties that meet the definition of a business and we expense transaction costs as incurred. The initial allocation of the purchase price is based on management’s preliminary assessment, which may differ when final information becomes available. Subsequent adjustments made to the initial purchase price allocation are made within the allocation period, not to exceed one year. When we obtain control of an unconsolidated entity, we account for the acquisition in accordance with the guidance for a business combination achieved in stages. We remeasure our previously held interest in the unconsolidated entity at its acquisition-date fair value and recognize the resulting gain or loss, if any, in earnings at the acquisition date. We allocate the purchase price using primarily Level 2 and Level 3 inputs (further defined in Fair Value Measurements Investments in Real Estate Properties . We value operating properties as if vacant. We estimate fair value generally by applying an income approach methodology using a discounted cash flow analysis. Key assumptions in the discounted cash flow analysis include market rents, growth rates and discount and capitalization rates. We determine discount and capitalization rates by market based on recent transactions and other market data. The fair value of land is generally based on relevant market data, such as a comparison of the subject site to similar parcels that have recently been sold or are currently being offered on the market for sale. Intangible Assets . We determine the portion of the purchase price related to intangible assets as follows: · In-Place Leases . We calculate the fair value of in place leases in each of the applicable markets. The value is recorded in and amortized over the remaining life of the respective leases to amortization expense. · Above and Below Market Leases . We recognize an asset or liability for acquired leases with favorable or unfavorable rents based on our estimate of current market rents of the applicable markets. The value is recorded in either or , as appropriate, and is amortized over the term of the respective leases, including any bargain renewal options, to rental revenue. Debt . We estimate the fair value of debt based on contractual future cash flows discounted using borrowing spreads and market interest rates that would be available to us for the issuance of debt with similar terms and remaining maturities. In the case of publicly traded debt, we estimate the fair value based on available market data. Any discount or premium to the principal amount is included in the carrying value and amortized to interest expense over the remaining term of the related debt using the effective interest method. Noncontrolling Interests . We estimate the portion of the fair value of the net assets owned by third parties based on the fair value of the consolidated net assets, principally real estate properties and debt. Working Capital . We estimate fair value of other acquired assets and assumed liabilities on the best information available. Fair Value Measurements . The objective of fair value is to determine the price that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). We estimate fair value using available market information and valuation methodologies we believe to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that we would realize on disposition. The fair value hierarchy consists of three broad levels: · Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. · Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. · Level 3 — Unobservable inputs for the asset or liability. Recurring Fair Value Measurements. We estimate the fair value of our financial instruments using available market information and valuation methodologies we believe to be appropriate for these purposes as follows: · Debt. We estimate the fair value of our senior notes and exchangeable senior notes for disclosure purposes based on quoted market prices for the same (Level 1) or similar (Level 2) issues when current quoted market prices are available. We estimate the fair value of our credit facilities, term loans, secured mortgage debt and assessment bonds by discounting the future cash flows using rates and borrowing spreads currently available to us (Level 3). · Derivatives. We determine the fair value of our derivative instruments using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, foreign exchange rates, and implied volatilities. We determine the fair values of our interest rate swaps using the market standard methodology of netting the discounted future fixed cash receipts or payments and the discounted expected variable cash payments. We base the variable cash payments on an expectation of future interest rates, or forward curves, derived from observable market interest rate curves. We base the fair values of our net investment hedges on the change in the spot rate at the end of the period as compared with the strike price at inception. We incorporate credit valuation adjustments to appropriately reflect both our nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of our derivative contracts for the effect of nonperformance risk, we consider the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees. We have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy. Although the credit valuation adjustments associated with our derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties, we assess the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and have determined that the credit valuation adjustments are not significant to the overall valuation of our derivatives. Nonrecurring Fair Value Measurements. Assets measured at fair value on a nonrecurring basis generally consist of real estate assets and investments in and advances to unconsolidated entities that were subject to impairment charges related to our change of intent to sell the investments and through our recoverability analysis discussed below. We estimate fair value based on expected sales prices in the market (Level 2). Long-Lived Assets. Real Estate Assets . Real estate assets are carried at depreciated cost. We capitalize costs incurred in developing, renovating, rehabilitating and improving real estate assets as part of the investment basis of real estate assets. We expense costs for repairs and maintenance of the real estate assets as incurred. During the land development and construction periods of qualifying projects, we capitalize interest costs, insurance, real estate taxes and general and administrative costs of the personnel performing the development, renovation, and rehabilitation; if such costs are incremental and identifiable to a specific activity to ready the asset for its intended use. We capitalize transaction costs relates to the acquisition of land for future development. We capitalize costs incurred to successfully originate a lease that result directly from and are essential to acquire that lease, including internal costs that are incremental and identifiable as leasing activities. Leasing costs that meet the requirements for capitalization are presented as a component of Other Assets We charge the depreciable portions of real estate assets to depreciation expense on a straight-line basis over the respective estimated useful lives. Depreciation commences when the asset is ready for its intended use, which we define as the earlier of stabilization (90% occupied) or one year after completion of construction. We generally use the following useful lives: 5 to 7 years for capital improvements, 10 years for standard tenant improvements, 25 years for depreciable land improvements, 30 years for operating properties acquired and 40 years for operating properties we develop. We depreciate building improvements on land parcels subject to ground leases over the shorter of the estimated building improvement life or the contractual term of the underlying ground lease. Capitalized leasing costs are amortized over the estimated remaining lease term. Our weighted average lease term based on square feet for all leases, in effect at December 31, 2015, was six years. We assess the carrying values of our respective long-lived assets, whenever events or changes in circumstances indicate that the carrying amounts of these assets may not be fully recoverable. We measure the recoverability of the real estate asset by comparison of the carrying amount of the asset to the estimated future undiscounted cash flows. If our analysis indicates that the carrying value of the real estate property that we expect to hold is not recoverable on an undiscounted cash flow basis, we recognize an impairment charge for the amount by which the carrying value exceeds the current estimated fair value of the real estate property. We estimate the future undiscounted cash flows based on our intent as follows: · for real estate properties that we intend to hold long-term; including land held for development, properties currently under development and operating buildings; recoverability is assessed based on the estimated undiscounted future net rental income from operating the property and the terminal value, including anticipated costs to develop; · for real estate properties we intend to sell, including properties currently under development and operating buildings; recoverability is assessed based on proceeds from disposition that are estimated based on future net rental income of the property, expected market capitalization rates and anticipated costs to develop; · for land parcels we intend to sell, recoverability is assessed based on estimated proceeds from disposition; and · for costs incurred related to the potential acquisition of land or development of a real estate property, recoverability is assessed based on the probability that the acquisition or development is likely to occur at the measurement date. Assets Held for Sale or Contribution . We classify a property as held for sale or contribution when certain criteria are met, in accordance with GAAP. Assets classified as held for sale are expected to be sold to a third party and assets classified as held for contribution are newly developed assets we intend to contribute to our unconsolidated co-investment ventures or to a third party. At such time, the respective assets and liabilities are presented separately in the Consolidated Balance Sheets and depreciation is no longer recognized. Assets held for sale or contribution are reported at the lower of their carrying amount or their estimated fair value less the costs to sell the assets. Discontinued Operations . Under new accounting guidance issued in 2014, only disposals of a component of an entity, or a group of components of an entity, representing a strategic shift in operations would be presented as discontinued operations. Under this guidance, none of our property dispositions qualified as discontinued operations in 2015 or 2014. However, the results of operations for real estate properties sold in 2013 or held for sale at the end of the year were shown under in the Consolidated Statements of Income following the previous accounting standard. Investments in Unconsolidated Entities . We present our investments in certain entities under the equity method. We use the equity method when we have the ability to exercise significant influence over operating and financial policies of the venture but do not have control of the entity. Under the equity method, we initially recognize these investments (including advances) in the balance sheet at our cost, including formation costs and net of deferred gains from the contribution of properties, if applicable. We subsequently adjust the accounts to reflect our proportionate share of net earnings or losses recognized and accumulated other comprehensive income or loss, distributions received, contributions made and certain other adjustments, as appropriate. When circumstances indicate there may have been a reduction in the value of an equity investment, we evaluate whether the loss in value is other than temporary. If we conclude it is other than temporary, we recognize an impairment charge to reflect the equity investment at fair value. Cash and Cash Equivalents . We consider all cash on hand, demand deposits with financial institutions and short-term highly liquid investments with original maturities of three months or less to be cash equivalents. Our cash and cash equivalents are financial instruments that are exposed to concentrations of credit risk. We invest our cash with high-credit quality institutions. Cash balances may be invested in money market accounts that are not insured. We have not realized any losses in such cash investments or accounts and believe that we are not exposed to any significant credit risk. Derivative Financial Instruments . We may use derivative financial instruments for the purpose of managing foreign currency exchange rate and interest rate risk. We do not use derivative financial instruments for trading or speculative purposes. All of our derivative financial instruments are customized derivative transactions and are not exchange-traded. Management reviews our hedging program, derivative positions, and overall risk management strategy on a regular basis. We only enter into transactions that we believe will be highly effective at offsetting the underlying risk. Our use of derivatives involves the risk that counterparties may default on a derivative contract. We establish exposure limits for each counterparty to minimize this risk and provide counterparty diversification. Substantially all of our derivative exposures are with counterparties that have long-term credit ratings of single-A or better. We enter into master agreements with counterparties that generally allow for netting of certain exposures; thereby significantly reducing the actual loss that would be incurred should a counterparty fail to perform its contractual obligations. To mitigate pre-settlement risk, minimum credit standards become more stringent as the duration of the derivative financial instrument increases. On the basis of these factors, we consider the risk of counterparty default to be minimal. We recognize all derivatives at fair value within the line items Other Assets Other Liabilities AOCI Foreign Currency. We primarily manage our foreign currency exposure by borrowing in the currencies in which we invest. In certain circumstances, we may issue debt in a currency that is not the same functional currency of the borrowing entity to offset the translation and economic exposures related to our net investment in international subsidiaries. To mitigate the impact of the translation from the fluctuations in exchange rates, we may designate the debt as a nonderivative financial instrument hedge. We also hedge our investments in certain international subsidiaries using foreign currency derivative contracts (net investment hedges) to offset the translation and economic exposures related to our investments in these subsidiaries by locking in a forward exchange rate at the inception of the hedge. To the extent we have an effective hedging relationship, we report all changes in fair value of the hedged portion of the nonderivative financial instruments and net investment hedges in equity in the foreign currency translation component of . These amounts offset the translation adjustments on the underlying net assets of our foreign investments, which we also record in . The changes in fair value of the portion of the nonderivative financial instruments that are not designated as hedges are recorded directly in earnings within the line item in the Consolidated Statements of Income. We recognize ineffectiveness, if any, in earnings at the time the ineffectiveness occurred. We may use foreign currency option contracts, including puts, calls and collars to mitigate foreign currency exchange rate risk associated with the translation of our projected net operating income of our international subsidiaries, principally in Canada, Europe and Japan. Put option contracts provide us with the option to exchange foreign currency for U.S. dollars at a fixed exchange rate if the foreign currency were to depreciate against the U.S. dollar. Call option contracts create an obligation to exchange foreign currency for U.S. dollars at a fixed exchange rate if the foreign currency were to appreciate against the U.S. dollar. Collar option contracts combine the put and call options into one contract to effectively lock in a range around the rate at which net operating income of our subsidiaries will be translated into U.S. dollars. Foreign currency option contracts are not designated as hedges as they do not meet hedge accounting requirements. Changes in the fair value of non-hedge designated derivatives are recorded directly in earnings within the line item Foreign Currency and Derivative Gains (Losses) and Related Amortization, Net We may also use foreign currency forwards designed as cash flow hedges to mitigate foreign currency exchange rate risk associated with payments in a currency that is not the functional currency of our foreign subsidiaries. To the extent we have an effective hedging relationship, we report all changes in fair value of the hedged portion of the foreign currency forwards cash flow hedges in AOCI Interest Rate. Our interest rate risk management strategy is to limit the impact of future interest rate changes on earnings and cash flows as well as to stabilize interest expense and manage our exposure to interest rate movements. We primarily accomplish this by issuing fixed rate debt with staggering maturities. We may enter into interest rate swap agreements, which allow us to borrow on a fixed rate basis for longer-term debt issuances, or interest rate cap agreements, which allow us to minimize the impact of increases in interest rates. We typically designate our interest rate swap and interest rate cap agreements as cash flow hedges as these derivative instruments may be used to manage the interest rate risk on potential future debt issuances or to fix the interest rate on variable rate debt issuances. The maximum length of time that we hedge our exposure to future cash flows is typically 10 years or less. We have entered into interest rate swap agreements that allow us to receive variable-rate amounts from a counterparty in exchange for us making fixed-rate payments over the life of our agreements without the exchange of the underlying notional amount. We report the effective portion of the gain or loss on the derivative as a component of AOCI Interest Expense AOCI Gains (Losses) on Early Extinguishment of Debt, Net Interest Expense Noncontrolling Interests. Noncontrolling interests represent the share of consolidated entities owned by third parties. We recognize each noncontrolling holder’s respective share of the estimated fair value of the net assets at the date of formation or acquisition. Noncontrolling interests are subsequently adjusted for the noncontrolling holder’s share of additional contributions, distributions and their share of the net earnings or losses of each respective consolidated entity. We allocate net income to noncontrolling interests based on the weighted-average ownership interest during the period. The net income that is not attributable to us is reflected in the line item Less Net Earnings Attributable to Noncontrolling Interests . We do not recognize a gain or loss on transactions with a consolidated entity in which we do not own 100% of the equity, but we reflect the difference in cash received or paid from the noncontrolling interests carrying amount as paid-in-capital. Certain limited partnership interests are exchangeable into our common stock. Common stock issued upon exchange of a holder’s noncontrolling interest is accounted for at the carrying value of the surrendered limited partnership interest. Costs of Raising Capital. We treat costs incurred in connection with the issuance of common and preferred stock as a reduction to additional paid-in capital. We capitalize costs incurred in connection with the issuance of debt, other than our credit facilities, as a direct deduction of Debt and amortize those costs to interest expense over the term of the related debt. We capitalize costs related to our credit facilities, as defined in Note 9, in Other Assets . Costs associated with debt modifications are expensed when incurred. AOCI. For the Parent, we include AOCI as a separate component of stockholders' equity in the Consolidated Balance Sheets. For the Operating Partnership, AOCI is included in partners’ capital in the Consolidated Balance Sheets. Any reference to AOCI in this document is referring to the component of stockholders’ equity for the Parent and partners’ capital for the Operating Partnership. Revenue Recognition. Rental Revenue. We lease our operating properties to customers under agreements that are classified as operating leases. We recognize the total minimum lease payments provided for under the leases on a straight-line basis over the lease term. Generally, under the terms of our leases, the majority of our rental expenses are recovered from our customers. We reflect amounts recovered from customers as revenue in the period that the applicable expenses are incurred. We make a provision for possible loss if the collection of a receivable balance is considered doubtful. Strategic Capital Revenue. Strategic capital revenue includes revenue we earn from the management services we provide to unconsolidated entities. These fees are determined in accordance with the terms specific to each arrangement and may include property and asset management fees or transactional fees for leasing, acquisition, development, construction, financing, legal and tax services provided. We may also earn incentive returns (called “promotes”) based on third-party investor returns over time, which may be during the duration of the venture or at the time of liquidation. We recognize fees when they are earned, fixed and determinable. We report these fees in . The fees we earn to develop properties within these ventures are reflected in on a percentage of completion basis. We also earned fees from ventures that we consolidate. Upon consolidation these fees were eliminated from our earnings and the third party share of these fees were recognized as a reduction of Net Earnings Attributable to Noncontrolling Interests. Gains (Losses) on Dispositions of Investments in Real Estate. We recognize gains on the disposition of real estate when the recognition criteria have been met, generally at the time the risks and rewards and title have transferred and we no longer have substantial continuing involvement with the real estate sold. We recognize losses from the disposition of real estate when known. When we contribute a property to an unconsolidated entity in which we have an ownership interest, we do not recognize a portion of the gain realized. The amount of gain not recognized, based on our ownership interest in the entity acquiring the property, is deferred by recognizing a reduction to our investment in the applicable unconsolidated entity. We adjust our proportionate share of net earnings or losses recognized in future periods to reflect the entities’ recorded depreciation expense as if it were computed on our lower basis in the contributed properties rather than on the entity’s basis. When a property that we originally contributed to an unconsolidated entity is disposed of to a third party, we recognize the amount of the gain we previously deferred, along with our proportionate share of the gain recognized by the unconsolidated entity. If our ownership interest in an unconsolidated entity decreases and the decrease is expected to be permanent, we recognize the amounts relating to previously deferred gains to coincide with our new ownership interest. Rental Expenses. Rental expenses primarily include the cost of our property management personnel, utilities, repairs and maintenance, property insurance and real estate taxes. Strategic Capital Expenses. Strategic capital expenses generally include the direct expenses associated with the asset management of the unconsolidated co-investment ventures provided by our employees who are assigned to our Strategic Capital segment. In addition, in order to achieve efficiencies and economies of scale, all of our property management functions are provided by property management personnel who are assigned to our Real Estate Operations segment. These individuals perform the property-level management of the properties in our owned and managed portfolio, which include properties we consolidate and those we manage that are owned by the unconsolidated co-investment ventures. We allocate the costs of our property management to the properties we consolidate (included in Rental Expenses ) and the properties owned by the unconsolidated co-investment ventures (included in Strategic Capital Expenses ) by using the square feet owned by the respective portfolios. Equity-Based Compensation. We account for equity-based compensation by measuring the cost of employee services received in exchange for an award of an equity instrument based on the fair value of the award on the grant date. We recognize the cost of the award on a straight-line basis over the period during which an employee is required to provide service in exchange for the award, generally the vesting period. Income Taxes. Under the Internal Revenue Code, REITs are generally not required to pay federal income taxes if they distribute 100% of their taxable income and meet certain income, asset and stockholder tests. If we fail to qualify as a REIT in any taxable year, we will be subject to federal income taxes at regular corporate rates (including any alternative minimum tax) and may not be able to qualify as a REIT for the four subsequent taxable years. Even as a REIT, we may be subject to certain state and local taxes on our own income and property, and to federal income and excise taxes on our undistributed taxable income. We have elected taxable REIT subsidiary (“TRS”) status for some of our consolidated subsidiaries. This allows us to provide services that would otherwise be considered impermissible for REITs. Many of the foreign countries in which we have operations do not recognize REITs or do not accord REIT status under their respective tax laws to our entities that operate in their jurisdiction. In the United States, we are taxed in certain states in which we operate. Accordingly, we recognize income tax expense for the federal and state income taxes incurred by |
Business Combinations
Business Combinations | 12 Months Ended |
Dec. 31, 2015 | |
Business Combinations [Abstract] | |
Business Combinations | Note 3. Business Combinations Acquisition of KTR Capital Partners and Its Affiliates On May 29, 2015, we acquired the high quality real estate assets and operating platform with high profile customers and comparable market composition to ours from KTR Capital Partners and its affiliates (“KTR”). The portfolio consisted of 315 operating properties, aggregating 59 million square feet, 3.6 million square feet of properties under development and land parcels that will support an estimated build out of 6.8 million square feet. The properties were acquired by our consolidated co-investment venture Prologis U.S. Logistics Venture (“USLV”), of which we own 55%. The acquisition was funded through cash (which included the contribution of $2.3 billion from our venture partner and the proceeds of newly issued debt by us, as detailed in Note 9), the assumption of secured mortgage debt and the issuance of 4.5 million common limited partnership units in the Operating Partnership. We incurred $24.7 million of acquisition costs during the second quarter of 2015, which are included in Other Expense The allocation of the purchase price required a significant amount of judgment and was based on our valuations, estimates and assumptions of the acquisition date fair value of the tangible and intangible assets acquired and liabilities assumed. While the preliminary allocation of the purchase price is substantially complete, the valuation of the real estate properties is still being finalized. We do not expect future revisions, if any, to have a significant impact on our financial position or results of operations. The allocation of the purchase price was as follows (in thousands): Investments in real estate properties $ 5,440,923 Intangible assets, net of intangible liabilities 332,708 Accounts receivable and other assets 7,632 Debt, including premium (735,172 ) Accounts payable, accrued expenses and other liabilities (55,422 ) Total estimated purchase price 4,990,669 Our venture partner’s share of purchase price (2,253,234 ) Common limited partnership units issued in the Operating Partnership (181,170 ) Prologis share of cash purchase price $ 2,556,265 The following unaudited pro forma financial information presents our results as though the KTR acquisition had been completed on January 1, 2014. The pro forma information does not reflect the actual results of operations had the transaction actually been completed on January 1, 2014, and it is not indicative of future operating results. The results for the year ended December 31, 2015, include approximately seven months of actual results for the acquisition, the acquisition expenses, and five months of pro forma adjustments. Our results of operations in 2015 include rental revenue and rental expenses of the properties acquired of $235.7 million and $56.9 million, respectively, representing the period from acquisition through December 31, 2015. The following amounts are in thousands, except per share amounts: 2015 2014 Total revenues $ 2,358,643 $ 2,064,724 Net earnings attributable to common stockholders $ 866,753 $ 537,861 Net earnings per share attributable to common stockholders – Basic $ 1.66 $ 1.08 Net earnings per share attributable to common stockholders – Diluted $ 1.65 $ 1.07 These results include certain adjustments, primarily: (i) decreased revenues from the amortization of the net assets from the acquired leases with net favorable rents relative to estimated market rents; (ii) increased depreciation and amortization expense resulting from the adjustment of real estate assets to estimated fair value and recognition of intangible assets related to in-place leases; and (iii) additional interest expense attributable to the debt issued to finance our cash portion of the acquisition offset by lower interest expense due to the accretion of the fair value adjustment of debt assumed. Acquisition of a Controlling Interest in Prologis North American Industrial Fund During 2014, we increased our ownership in Prologis North American Industrial Fund (“NAIF”) from 23.1% to 66.1% by acquiring the equity units from all but one partner for an aggregate of $679.0 million. This included the acquisition of $46.8 million of equity units on October 20, 2014, that resulted in our gaining control over NAIF, based on the rights of the limited partners, and therefore we began consolidating NAIF at that date. We recognized a gain of $201.3 million in Gains on Dispositions of Investments in Real Estate and Revaluation of Equity Investments upon Acquisition of a Controlling Interest, Net The total purchase price was $1.1 billion, which included our investment in NAIF at the time of consolidation. The adjustments finalizing the purchase price allocation during the measurement period were not considered to be material to our financial position or results of operations. The allocation of the purchase price was as follows (in thousands): Investments in real estate properties $ 2,658,252 Intangible assets, net of intangible liabilities 138,185 Cash 87,780 Accounts receivable and other assets 5,664 Debt, including premium (1,195,213 ) Accounts payable, accrued expenses and other liabilities (57,655 ) Noncontrolling interests (554,493 ) Total purchase price $ 1,082,520 Our results of operations for 2014 included rental revenue and rental expenses of the properties acquired in the NAIF acquisition of $49.2 million and $13.3 million, respectively, offset by the impact of noncontrolling interests. 2013 Acquisitions of Controlling Interests in Unconsolidated Co-Investment Ventures During 2013, we acquired real estate from three unconsolidated co-investment ventures through the conclusion of the venture or the acquisition of our partner’s interest. In connection with these transactions, we remeasured our equity investment to fair value and recognized gains of $34.8 million in Gains on Dispositions of Investments in Real Estate and Revaluation of Equity Investments upon Acquisition of a Controlling Interest, Net · On October 2, 2013, we acquired our partner’s 78.4% interest in the unconsolidated co-investment venture Prologis SGP Mexico and concluded the venture. The allocation of net assets acquired was $409.5 million in real estate properties, $4.0 million of net other assets and $158.4 million in debt. All properties acquired in the transaction were contributed in June 2014 to an unconsolidated co-investment venture in Mexico, as discussed in Note 4. · On August 6, 2013, we concluded the unconsolidated co-investment venture Prologis North American Industrial Fund III. The venture sold 73 properties to a third party and we subsequently acquired the remaining properties through the purchase of our partner’s 80% ownership interest in the venture. The allocation of net assets acquired was $519.2 million in real estate properties and $22.0 million of net other assets. These properties were contributed in January 2014 to a consolidated venture in which we own 55% of the equity as discussed in Note 12. · In the second quarter of 2013, we concluded an unconsolidated co-investment venture in Japan. The results of operations for these properties were not significant in 2013. |
Real Estate
Real Estate | 12 Months Ended |
Dec. 31, 2015 | |
Real Estate [Abstract] | |
Real Estate | Note 4. Real Estate Investments in real estate properties consisted of the following at December 31 (dollars and square feet in thousands): Square Feet and Acres (1) Number of Buildings (1) 2015 2014 2015 2014 2015 2014 Industrial operating properties: Improved land - - - - $ 5,874,052 $ 4,227,637 Buildings and improvements 333,830 282,282 1,872 1,607 17,861,693 14,407,815 Development portfolio, including land costs: Prestabilized 12,598 7,448 28 24 918,099 547,982 Properties under development 19,630 22,844 63 55 954,804 925,998 Land 7,404 9,017 - - 1,359,794 1,577,786 Other real estate investments (2) 552,926 502,927 Total investments in real estate properties 27,521,368 22,190,145 Less accumulated depreciation 3,274,284 2,790,781 Net investments in real estate properties $ 24,247,084 $ 19,399,364 (1) Items indicated by ‘- -‘ are not applicable. (2) Included in other real estate investments are: (i) certain non-industrial real estate; (ii) land parcels that are ground leased to third parties; (iii) our corporate office buildings; (iv) infrastructure costs related to projects we are developing on behalf of others; (v) earnest money deposits associated with potential acquisitions and (vi) costs related to future development projects, including purchase options on land. At December 31, 2015, we owned real estate assets in the Americas (Canada, Mexico and the United States), Europe (Austria, Belgium, the Czech Republic, France, Germany, Hungary, Italy, the Netherlands, Poland, Slovakia, Spain, Sweden and the United Kingdom) and Asia (China, Japan and Singapore). Acquisitions The following table summarizes our real estate acquisition activity for the years ended December 31 (dollars and square feet in thousands): 2015 2014 2013 Acquisitions of operating properties from unconsolidated co-investment ventures Number of industrial operating properties - 231 58 Square feet - 45,663 16,319 Real estate acquisition value $ - $ 2,658,252 $ 1,141,128 Gains on revaluation of equity investments upon acquisition of a controlling interest $ - $ 201,319 $ 34,787 Acquisitions of operating properties from third parties Number of industrial operating properties 52 8 12 Square feet 7,375 1,004 3,262 Real estate acquisition value $ 829,598 $ 78,314 $ 146,331 The table above does not include the properties acquired in the KTR acquisition, as this transaction is explained in Note 3. Dispositions The following table summarizes our real estate disposition activity for the years ended December 31 (dollars and square feet in thousands): 2015 2014 2013 Continuing operations Contributions to unconsolidated co-investment ventures Number of properties 31 126 254 Square feet 8,355 25,247 71,503 Net proceeds (1) $ 835,385 $ 1,825,311 $ 6,479,707 Net gains on contributions (1) $ 148,987 $ 188,268 $ 555,196 Dispositions to third parties Number of properties 136 145 - Square feet 23,024 19,856 - Net proceeds (1) $ 2,352,645 $ 1,365,318 $ 177,273 Net gains on dispositions (1) $ 609,900 $ 336,203 $ 7,673 Discontinued operations Number of properties - - 89 Square feet - - 9,196 Net proceeds from dispositions $ - $ - $ 608,286 Net gains on dispositions, including related impairment charges and taxes (2) $ - $ - $ 116,550 (1) Includes land parcels. (2) We recorded $1.2 million of income tax expense in 2013 related to the disposition of properties in discontinued operations. Detail of Significant Transactions with Co-Investment Ventures (Related Parties) Below are the significant contributions to our co-investment ventures, which are also included in the table above. We had no significant contributions in 2015. In the second quarter of 2014, we launched the initial public offering of FIBRA Prologis, a Mexican REIT. In connection with the offering, FIBRA Prologis purchased 177 properties aggregating 29.7 million square feet (12.6 million square feet related to our wholly owned portfolio, 7.6 million square feet from our consolidated co-investment venture Prologis Mexico Fondo Logistico (“AFORES”) and 9.5 million square feet from our unconsolidated co-investment venture Prologis Mexico Industrial Fund). Also in 2014, AFORES contributed its remaining operating properties and the balance of its secured debt to FIBRA Prologis in two separate transactions. The difference between the amount received and the noncontrolling interests balance related to the properties contributed was $34.6 million, and was adjusted through equity with no gain or loss recognized. On the basis of this transaction, we recognized a gain on disposition of investments in real estate of $52.5 million; current tax expense of $32.4 million; deferred tax benefit of $55.5 million; and earnings attributable to noncontrolling interest of $61.0 million. In the first quarter of 2013, we completed the initial public offering of Nippon Prologis REIT, Inc. (“NPR”), a publicly traded company listed on the Tokyo Stock Exchange. NPR acquired a portfolio of 12 properties totaling 9.6 million square feet from us for an aggregate purchase price of ¥173 billion ($1.9 billion). As a result of this transaction, we recognized a gain on disposition of investments in real estate of $337.9 million, net of a $59.6 million deferral due to our ongoing investment. Also during the first quarter of 2013, we closed Prologis European Logistics Partners Sàrl (“PELP”), a European joint venture with Norges Bank Investment Management (“NBIM”). The venture acquired a portfolio from us for approximately €2.3 billion ($3.0 billion) consisting of 195 properties and 48.7 million square feet in Europe. As a result of this transaction, we recognized a gain on disposition of investments in real estate of $1.8 million, net of a deferred gain due to our ongoing investment. In connection with the closing, a warrant NBIM received at signing to acquire six million shares of our common stock with a strike price of $35.64 became exercisable. We used a Black-Scholes pricing model to value the warrant and this value was included as consideration in the overall result of the transaction. In the fourth quarter of 2014, NBIM exercised the warrant for an aggregate strike price of $213.8 million. Operating Lease Agreements We lease our operating properties and certain land parcels to customers under agreements that are generally classified as operating leases. Our weighted average lease term, based on square feet for all leases in effect at December 31, 2015, was six years. Our largest customer and 25 largest customers accounted for 4.5% and 20.0%, respectively, of our net effective rent (“NER”) at December 31, 2015. We calculate NER using the estimated total cash to be received over the term of the lease (including base rent and expense reimbursements) divided by the lease term to determine the amount of rent and expense reimbursements received per year. The following table summarizes our minimum lease payments on leases with lease periods greater than one year for space in our operating properties, pre-stabilized development properties and leases of land subject to ground leases at December 31, 2015 (in thousands): 2016 $ 1,565,119 2017 1,372,310 2018 1,131,572 2019 886,821 2020 711,827 Thereafter 2,456,484 Total $ 8,124,133 These amounts do not reflect future rental revenues from the renewal or replacement of existing leases and exclude reimbursements of operating expenses. Lease Commitments We have entered into operating ground leases as a lessee on certain land parcels, primarily on-tarmac facilities and office space with remaining lease terms of 1 to 74 years. The following table summarizes our future minimum rental payments under non-cancelable operating leases in effect at December 31, 2015 (in thousands): 2016 $ 32,183 2017 29,540 2018 27,769 2019 25,144 2020 24,116 Thereafter 220,625 Total $ 359,377 |
Unconsolidated Entities
Unconsolidated Entities | 12 Months Ended |
Dec. 31, 2015 | |
Equity Method Investments And Joint Ventures [Abstract] | |
Unconsolidated Entities | Note 5. Unconsolidated Entities Summary of Investments We have investments in entities through a variety of ventures. We co-invest in entities that own multiple properties with partners and investors and provide asset and property management services to these entities, which we refer to as co-investment ventures. These entities may be consolidated or unconsolidated, depending on the structure, our partner’s participation and other rights and our level of control of the entity. This note details our investments in unconsolidated co-investment ventures, which are accounted for using the equity method of accounting. See Note 12 for more detail regarding our consolidated investments. We also have other ventures, generally with one partner and that we do not manage, which we account for using the equity method. We refer to our investments in all entities accounted for using the equity method, both unconsolidated co-investment ventures and other ventures, collectively, as unconsolidated entities. The following table summarizes our investments in and advances to our unconsolidated entities at December 31 (in thousands): 2015 2014 Unconsolidated co-investment ventures $ 4,585,427 $ 4,665,918 Other ventures 170,193 158,806 Totals $ 4,755,620 $ 4,824,724 Unconsolidated Co-Investment Ventures The following table summarizes our investments in the individual co-investment ventures at December 31 (dollars in thousands): Ownership Percentage Investment in and Advances to Co-Investment Venture 2015 2014 2015 2014 Prologis Targeted U.S. Logistics Fund, L.P. (“USLF”) (1) 22.5 % 24.3 % $ 689,408 $ 712,044 FIBRA Prologis (2) (3) 45.9 % 45.9 % 569,800 589,627 Prologis Brazil Logistics Partners Fund I, L.P. (“Brazil Fund”) and related joint ventures (4) various various 216,668 235,496 Prologis Targeted Europe Logistics Fund, FCP-FIS (“PTELF”) (1) 41.6 % 43.2 % 480,401 458,702 Prologis European Properties Fund II, FCP-FIS 31.3 % 31.1 % 410,984 488,503 Europe Logistics Venture 1, FCP-FIS (“ELV”) (5) 15.0 % 15.0 % 53,960 56,127 Prologis European Logistics Partners Sàrl (5) 50.0 % 50.0 % 1,762,291 1,769,720 Nippon Prologis REIT, Inc. (“NPR”) (6) (7) 15.1 % 15.1 % 300,822 303,178 Prologis China Logistics Venture I, LP and II, LP (Prologis China Logistics Venture) (5) 15.0 % 15.0 % 101,093 52,521 Totals $ 4,585,427 $ 4,665,918 (1) In December 2015, we submitted redemption requests for a portion of our investment in PTELF and USLF for €185.0 million ($201.4 million at December 31, 2015) and $200.0 million, respectively. We expect the requests to close in the second quarter of 2016 and they will be fulfilled by other investors so our ownership percentage will decrease. (2) At December 31, 2015, we owned 291.1 million units of FIBRA Prologis that had a closing price of Ps 26.12 ($1.51) per unit on the Mexican Stock Exchange. (3) We have granted FIBRA Prologis a right of first refusal with respect to stabilized properties that we plan to sell in Mexico. (4) We have a 50% ownership interest in and consolidate an entity that in turn owns 50% of several entities that we account for on the equity method. Also, we have additional investments in other unconsolidated entities in Brazil that we account for on the equity method with various ownership interests ranging from 5-50%. (5) We have one partner in each of these co-investment ventures. (6) At December 31, 2015, we owned 261,310 units of NPR that Other Liabilities (7) For any properties we develop and plan to sell in Japan, we have committed to offer those properties to NPR. The amounts recognized in Strategic Capital Revenue Earnings from Unconsolidated Entities, Net The following tables summarize these unconsolidated co-investment ventures at December 31 and for the years ended December 31: (dollars and square feet in millions) 2015 2014 2013 Americas: Number of ventures 3 3 4 Number of properties owned 596 590 709 Square feet 89.0 87.1 108.5 Total assets $ 6,890 $ 7,056 $ 8,004 Third-party debt $ 2,090 $ 2,273 $ 2,989 Total liabilities $ 2,258 $ 2,414 $ 3,167 Our investment balance (1) $ 1,476 $ 1,537 $ 1,194 Our weighted average ownership (2) 29.8 % 31.0 % 22.7 % Europe: Number of ventures 4 4 4 Number of properties owned 688 636 571 Square feet 158.3 147.4 132.9 Total assets $ 11,343 $ 11,440 $ 11,800 Third-party debt $ 2,640 $ 2,621 $ 2,979 Total liabilities $ 3,584 $ 3,501 $ 4,095 Our investment balance (1) $ 2,707 $ 2,773 $ 2,703 Our weighted average ownership (2) 38.9 % 38.8 % 39.0 % Asia: Number of ventures 2 2 2 Number of properties owned 66 52 43 Square feet 29.2 26.2 22.9 Total assets $ 4,320 $ 4,120 $ 4,014 Third-party debt $ 1,520 $ 1,637 $ 1,697 Total liabilities $ 1,751 $ 1,734 $ 1,881 Our investment balance (1) $ 402 $ 356 $ 353 Our weighted average ownership (2) 15.0 % 15.0 % 15.0 % Totals: Number of ventures 9 9 10 Number of properties owned 1,350 1,278 1,323 Square feet 276.5 260.7 264.3 Total assets $ 22,553 $ 22,616 $ 23,818 Third-party debt $ 6,250 $ 6,531 $ 7,665 Total liabilities $ 7,593 $ 7,649 $ 9,143 Our investment balance (1) $ 4,585 $ 4,666 $ 4,250 Our weighted average ownership (2) 31.6 % 32.0 % 29.2 % (in millions) 2015 2014 (3) 2013 (3) Americas: Revenues $ 610 $ 711 $ 702 Net operating income $ 465 $ 527 $ 513 Net earnings $ 113 $ 54 $ 58 Europe: Revenues $ 947 $ 1,001 $ 801 Net operating income $ 741 $ 787 $ 621 Net earnings $ 261 $ 268 $ 131 Asia: Revenues $ 275 $ 280 $ 224 Net operating income $ 212 $ 219 $ 175 Net earnings $ 77 $ 86 $ 48 Totals: Revenues $ 1,832 $ 1,992 $ 1,727 Net operating income $ 1,418 $ 1,533 $ 1,309 Net earnings $ 451 $ 408 $ 237 (1) The difference between our ownership interest of a venture’s equity and our investment balance results principally from three types of transactions: (i) deferring a portion of the gains we recognize from a contribution of a property to a venture ($430.7 million, $322.9 million and $139.6 million at December 31, 2015, 2014 and 2013, respectively); (ii) recording additional costs associated with our investment in the venture; and (iii) advances to a venture. (2) Represents our weighted average ownership interest in all co-investment ventures based on each entity’s contribution of total assets, before depreciation, net of other liabilities. (3) We had significant activity with our unconsolidated co-investment ventures in 2014 and 2013 as explained in both Note 3 and Note 4. We formed and invested in FIBRA Prologis in 2014. In connection with this transaction, we concluded our unconsolidated co-investment venture in Mexico. We began consolidating NAIF in 2014. During 2013, we concluded three co-investment ventures and we started two new co-investment ventures. The following table summarizes the amounts we recognized in the Consolidated Statements of Income as our share of the earnings and fee revenue from unconsolidated co-investment ventures for the years ended December 31 (in thousands): 2015 2014 2013 Earnings from unconsolidated co-investment ventures, net: Americas $ 35,966 $ 8,596 $ 21,724 Europe 106,656 108,430 63,839 Asia 12,780 14,022 9,091 Total earnings from unconsolidated co-investment ventures, net $ 155,402 $ 131,048 $ 94,654 Strategic capital revenue and other revenue: Americas $ 59,480 $ 94,354 $ 70,642 Europe 112,675 86,487 63,794 Asia 35,453 37,509 42,749 Total strategic capital revenue 207,608 218,350 177,185 Development management and other revenue 7,467 5,424 4,007 Total strategic capital revenue and other revenue $ 215,075 $ 223,774 $ 181,192 The following table summarizes the promotes earned and recognized in Strategic Capital Revenue 2015 2014 2013 Strategic capital revenue Total promote (1) $ 56,637 $ 42,132 $ 7,878 Less: Prologis’ share 27,175 10,852 1,512 Net promote recognized (third-party share) in strategic capital revenue $ 29,462 $ 31,280 $ 6,366 Related cash bonus included in strategic capital expense (2) $ 4,700 $ 4,239 $ 1,273 (1) We earned promotes from PELP and ELV in 2015 and USLF in 2014, each based on the venture’s cumulative returns to the investors over the last three years. We earned a promote in connection with the conclusion of Prologis SGP Mexico in 2013. (2) This represents the cash bonus paid, in regards to the promotes earned, pursuant to the terms of the Prologis Promote Plan. See Note 13 for more information about this plan. Equity Commitments Related to Certain Unconsolidated Co-Investment Ventures Certain co-investment ventures have equity commitments from us and our venture partners. Our venture partners fulfill their equity commitment with cash. We may fulfill our equity commitment through contributions of properties or cash. The venture may obtain financing for the properties and therefore the acquisition price of additional investments that the venture could make may be more than the equity commitment. Depending on market conditions, the investment objectives of the ventures, our liquidity needs and other factors, we may make additional contributions of properties or additional cash investments in these ventures through the remaining commitment period. The following table summarizes the remaining equity commitments at December 31, 2015 (in millions): Equity Commitments Expiration Date for Remaining Commitments Prologis Venture Partners Total Prologis Targeted U.S. Logistics Fund $ - $ 277 $ 277 2016 – 2017 Prologis Targeted Europe Logistics Fund (1) - 326 326 2016 – 2017 Prologis European Properties Fund II (1) 8 38 46 2016 Prologis European Logistics Partners Sàrl (2) 50 50 100 February 2016 Prologis China Logistics Venture (3) 172 973 1,145 2016 and 2017 Total $ 230 $ 1,664 $ 1,894 (1) Equity commitments are denominated in euro and reported in U.S. dollars based on an exchange rate of $1.09 U.S. dollars to the euro. (2) The equity commitments for this venture are expected to fund the future repayment of debt that is denominated in British pounds sterling. The commitments will be called in euros and are reported in U.S. dollars using an exchange rate of $1.48 U.S. dollars to the British pounds sterling. (3) In January 2016, we reached an agreement with our partner in this venture to increase the equity commitments $882.4 million, of which our share is $132.4 million, to fund future developments in China. |
Assets Held for Sale or Contrib
Assets Held for Sale or Contribution and Discontinued Operations | 12 Months Ended |
Dec. 31, 2015 | |
Real Estate Assets Held For Development And Sale [Abstract] | |
Assets Held for Sale or Contribution and Discontinued Operations | Note 6. Assets Held for Sale or Contribution and Discontinued Operations Assets Held for Sale or Contribution We have classified our investments in certain real estate properties that met the criteria to be classified as held for sale. These properties are expected to be sold to third parties or contributed to unconsolidated co-investment ventures within twelve months of classification as such. The amounts included in held for sale represented real estate investment balances and the related assets and liabilities for each property. Assets held for sale or contribution consisted of the following (dollars and square feet in thousands): 2015 2014 Number of operating properties 17 7 Square feet 5,065 457 Total assets held for sale or contribution $ 378,423 $ 43,934 Total liabilities associated with assets held for sale or contribution – included in Other Liabilities $ 6,874 $ - Discontinued Operations We had no property dispositions that met the criteria for discontinued operations in 2015 or 2014. The following table summarizes income for 2013, attributable to properties disposed of during 2013, or held for sale at December 31, 2013 (in thousands): Rental revenue and recoveries $ 34,105 Rental expenses (10,633 ) Depreciation and amortization (15,339 ) Interest expense (1,163 ) Income attributable to disposed properties and assets held for sale $ 6,970 |
Notes Receivable Backed by Real
Notes Receivable Backed by Real Estate | 12 Months Ended |
Dec. 31, 2015 | |
Receivables [Abstract] | |
Notes Receivable Backed by Real Estate | Note 7. Notes Receivable Backed by Real Estate In February 2015, we received a $197.5 million note backed by real estate in connection with the disposition of real estate to a third party. We earned interest at an annual rate of 2.0%. In February 2016, the note and all accrued interest were paid in full. In December 2015, we received other notes backed by real estate of $37.6 million in connection with the disposition of real estate to third parties. We earn interest on the notes at an annual rate ranging from 5.5% to 10.0%. The notes have maturity dates ranging from June 2016 to April 2017. |
Other Assets and Other Liabilit
Other Assets and Other Liabilities | 12 Months Ended |
Dec. 31, 2015 | |
Text Block [Abstract] | |
Other Assets and Other Liabilities | Note 8. Other Assets and Other Liabilities The following table summarizes our other assets, net of amortization and depreciation, if applicable, at December 31 (in thousands): 2015 2014 Leasing commissions and other in-place lease intangibles $ 613,518 $ 241,557 Rent leveling and above market leases 276,315 224,589 Prepaid assets 107,000 105,093 Fixed assets 94,178 86,927 Accounts receivable 89,611 103,445 Value added taxes receivable 86,115 86,331 Derivative assets 53,579 106,664 Management contracts 46,293 52,896 Other notes receivable 41,262 46,570 Deferred income taxes 14,650 7,887 Other 91,989 94,328 Totals $ 1,514,510 $ 1,156,287 The following table summarizes our other liabilities, net of amortization, if applicable, at December 31 (in thousands): 2015 2014 Tenant security deposits $ 190,160 $ 169,326 Income tax liabilities 81,125 85,200 Unearned rents 77,730 74,873 Below market leases 55,976 30,651 Deferred income 29,197 16,326 Environmental liabilities 21,484 10,878 Derivative liabilities 13,729 52,740 Value added taxes payable 10,272 13,358 Other 154,702 173,074 Totals $ 634,375 $ 626,426 The expected future amortization of leasing commissions and other in-place lease intangibles into amortization expense of $613.5 million is summarized in the table below. We also expect our above and below market leases and rent leveling net assets, which total a net $220.3 million at December 31, 2015, to be amortized into rental revenue as follows (in thousands): Amortization Expense Net (Increase) Decrease to Rental Revenue 2016 $ 157,914 $ (15,421 ) 2017 116,958 17,381 2018 82,876 25,903 2019 61,672 28,096 2020 46,599 28,103 Thereafter 147,499 136,277 Totals $ 613,518 $ 220,339 |
Debt
Debt | 12 Months Ended |
Dec. 31, 2015 | |
Debt Disclosure [Abstract] | |
Debt | Note 9. Debt All debt is incurred by the Operating Partnership. The Parent does not have any indebtedness, but guarantees the unsecured debt of the Operating Partnership. The following table summarizes our debt at December 31 (dollars in thousands): 2015 2014 Weighted Average Interest Rate (1) Amount Outstanding (2) Weighted Average Interest Rate (1) Amount Outstanding Credit facilities - % $ - - % $ - Senior notes (3) 3.3 % 6,516,392 3.7 % 6,046,965 Exchangeable senior notes (4) - - 3.7 % 456,373 Term loans 2.1 % 2,100,009 1.4 % 568,037 Other debt (5) 6.2 % 15,448 6.2 % 16,087 Secured mortgage debt (6) 5.1 % 1,172,473 6.1 % 1,042,628 Secured mortgage debt of consolidated entities (7) 2.9 % 1,822,509 2.5 % 1,206,887 Totals 3.2 % $ 11,626,831 3.7 % $ 9,336,977 (1) These interest rates represent the effective interest rates (including amortization of the noncash premiums, discounts or debt issuance costs) at the end of the period for the debt outstanding. (2) Included in the outstanding balances are borrowings denominated in non-U.S. currency, principally: euro ($3.4 billion), Japanese yen ($1.1 billion) and Canadian dollar ($0.4 million). (3) Notes are due January 2018 to June 2026 and effective interest rates range from 1.5% to 7.6% at December 31, 2015. (4) As explained below, this debt was paid off in 2015. (5) The balance at December 31, 2015, represents primarily assessment bonds with varying effective interest rates from 4.5% to 7.9% that are due June 2019 to September 2033. The assessment bonds are issued by municipalities and guaranteed by us as a means of financing infrastructure and secured by assessments (similar to property taxes) on various underlying real estate properties with an aggregate undepreciated cost of $780.3 million at December 31, 2015. (6) Debt is due May 2016 to December 2025 and effective interest rates range from 0.6% to 7.7% at December 31, 2015. The debt is secured by 175 real estate properties with an aggregate undepreciated cost of $2.9 billion at December 31, 2015. (7) Debt is due October 2016 to December 2027 and effective interest rates range from 1.9% to 5.3% at December 31, 2015. The debt is secured by 220 real estate properties with an aggregate undepreciated cost of $3.2 billion at December 31, 2015. Credit Facilities We have a global senior credit facility (the “Global Facility”), under which we may draw in U.S. dollars, euro, Japanese yen, British pounds sterling and Canadian dollars on a revolving basis up to $2.3 billion at December 31, 2015 (subject to currency fluctuations). The Global Facility is scheduled to mature on July 11, 2017; however, we may extend the maturity date twice, by six months each, subject to satisfaction of certain conditions and payment of extension fees. Pricing under the Global Facility, including the spread over LIBOR, facility fees and letter of credit fees, varies based on the public debt ratings of the Operating Partnership. The Global Facility contains customary representations, covenants and defaults (including a cross-acceleration to other recourse indebtedness of more than $50.0 million). We also have a ¥45 billion ($373.8 million at December 31, 2015) Japanese yen revolver (the “Revolver”) with the ability to increase to ¥56.5 billion ($469.3 million at December 31, 2015) subject to obtaining additional lender commitments. Pricing under the Revolver was consistent with the Global Facility at December 31, 2015. The Revolver contains certain customary representations, covenants and defaults that are substantially the same as the corresponding provisions of the Global Facility. We refer to the Global Facility and the Revolver, collectively, as our “Credit Facilities.” The following table summarizes information about our Credit Facilities at December 31 (in millions): 2015 2014 2013 For the years ended December 31: Weighted average daily interest rate 1.1 % 1.1 % 1.7 % Weighted average daily borrowings $ 261 $ 182 $ 789 Maximum borrowings outstanding at any month-end $ 942 $ 742 $ 1,325 At December 31: Aggregate lender – commitments $ 2,662 $ 2,742 $ 2,451 Less: Borrowings outstanding - - 726 Outstanding letters of credit 32 35 73 Current availability $ 2,630 $ 2,707 $ 1,652 Senior Notes The senior notes are unsecured and our obligations are effectively subordinated in certain respects to any of our debt that is secured by a lien on real property, to the extent of the value of such real property. The senior notes require interest payments be made quarterly, semi-annually or annually. All of the senior notes are redeemable at any time at our option, subject to certain prepayment penalties. Such repurchase and other terms are governed by the provisions of indenture agreements, various note purchase agreements or trust deeds. During the years ended December 31 we issued the following senior notes (dollars and euros in thousands): 2015 Principal Amount Stated Interest Rate Effective Interest Rate Maturity Date May 2015 (1) € 700,000 $ 785,470 1.4% 1.5% May 2021 October 2015 $ 750,000 3.8% 4.0% November 2025 2014 February 2014 (1) € 700,000 $ 959,420 3.4% 3.5% February 2024 June 2014 (1) € 500,000 $ 680,550 3.0% 3.1% June 2026 October 2014 (1) € 600,000 $ 756,420 1.4% 1.4% October 2020 (1) This debt is denominated in euro and the exchange rate used to calculate into U.S. dollar was the effective rate at the date of the transaction. Exchangeable Senior Notes Our exchangeable senior notes were issued by the Operating Partnership and were exchangeable into common stock of the Parent. The accounting for the exchangeable senior notes required us to separate the fair value of the derivative instrument (exchange feature) from the debt instrument and account for it separately as a derivative. At December 31, 2014, we adjusted the derivative instrument to fair value, which was reflected in Other Liabilities Foreign Currency and Derivative Gains (Losses) and Related Amortization, Net The fair value of the derivative associated with the exchangeable debt was a liability of $51.3 million at December 31, 2014. The fair value of the exchange option was $43.0 million immediately before the exchange in March 2015. When the debt was exchanged into common stock, the value of the derivative associated with the debt was reclassified to Additional Paid-In Capital Term Loans The following table summarizes our outstanding term loans at December 31, (dollars in thousands): Term Loan Borrowing Currency Initial Borrowing Date Lender Commitment at 2015 Balance Outstanding at 2015 Balance Outstanding at 2014 Interest Rate Maturity Date Local USD USD USD 2014 Yen Term Loan (1) JPY May 2014 ¥ 40,916,000 $ 339,858 $ 339,858 $ 342,051 LIBOR plus 1.20% May 2021 Euro Term Loan (2) USD, EUR, JPY and GBP June 2014 € 500,000 $ 561,879 561,879 230,679 LIBOR plus 0.98% June 2017 Senior Term Loan (3) (4) USD May 2015 $ 400,000 400,000 - LIBOR plus 1.00% May 2016 2015 Yen Term Loan (4) JPY June 2015 ¥ 65,000,000 $ 539,906 539,906 - LIBOR plus 1.10% June 2022 2015 Canadian Term Loan CAD December 2015 $ 371,925 $ 267,872 267,872 - CDOR rate plus 1.50% February 2023 Subtotal 2,109,515 572,730 Unamortized debt issuance costs, net (9,506 ) (4,693 ) Totals $ 2,100,009 $ 568,037 (1) We may increase the borrowings to ¥51.1 billion ($424.4 million at December 31, 2015), subject to obtaining additional lender commitments. (2) We may increase the borrowings up to €1.0 billion ($1.1 billion at December 31, 2015), subject to obtaining additional lender commitments. We may pay down and reborrow on this term loan. We may extend the maturity date twice, by one year each, subject to the satisfaction of certain conditions and payment of an extension fee). During 2015, we borrowed an additional €240 million ($272.6 million). During the second quarter of 2015, we paid off the entire euro balance and subsequently borrowed $561.9 million in connection with the KTR transaction. (3) We may extend the maturity date by one year, subject to the satisfaction of certain conditions and the payment of an extension fee. The Senior Term Loan contains customary representations, covenants and defaults (including cross payment default and cross-acceleration to other recourse indebtedness of more than $100.0 million). We initially borrowed $1.0 billion under this agreement. (4) We entered into these term loans in connection with the KTR acquisition. Secured Mortgage Debt and Secured Mortgage Debt of Consolidated Entities During 2015, we assumed secured mortgage debt valued at $1.0 billion, which included debt assumed with the KTR acquisition, and includes premiums of $39.6 million. The debt has stated interest rates ranging from 2.6% to 7.6% (effective interest rates ranging from 1.9% to 4.0%) and has maturity dates of December 2016 to April 2023. During 2015, we issued secured mortgage debt totaling $471.9 million, which included Canadian secured mortgage debt of CAD $195.0 million ($140.4 million at December 31, 2015). The debt has stated interest rates ranging from 1.7% to 3.7% (effective interest rates ranging from 2.0% to 3.7%) and has maturity dates of July 2020 to December 2025. In connection with the acquisitions of a controlling interest in NAIF in 2014, we assumed secured mortgage debt of $1.2 billion, which includes premiums of $84.2 million. The debt has stated interest rates ranging from 5.0% to 6.5% (effective interest rates ranging from 1.9% to 3.4%) and has maturity dates of October 2016 to December 2020. TMK bonds are a financing vehicle in Japan for special purpose companies known as TMKs. During 2015, we issued new TMK bonds (with interest rates ranging from 0.6% to 0.8% scheduled to mature from September 2016 and October 2016) totaling ¥23.0 billion ($191.0 million at December 31, 2015). During 2014, we issued ¥7.2 billion ($70.7 million) of new TMK bonds and paid off or transferred all of our outstanding TMK bonds, leaving no TMK bonds outstanding at December 31, 2014. Debt Covenants We have approximately $6.5 billion of senior notes and $2.1 billion of term loans outstanding at December 31, 2015 that were issued under three separate indentures, as supplemented, and are subject to certain financial covenants. We are also subject to financial covenants under our Credit Facilities and certain secured mortgage debt. At December 31, 2015, we were in compliance with all of our debt covenants. Long-Term Debt Maturities Principal payments due on our debt, for each year through the period ending December 31, 2025, and thereafter were as follows at December 31, 2015 (in millions): Prologis Unsecured Credit Senior Term Loans and Secured Mortgage Consolidated Entities’ Total Consolidated Maturity Facilities Notes Other Debt Debt Total Debt Debt 2016 (1) (2) $ - $ - $ 401 $ 363 $ 764 $ 170 $ 934 2017 (3) - - 563 8 571 516 1,087 2018 - 175 1 167 343 403 746 2019 - 618 1 305 924 143 1,067 2020 - 849 1 6 856 252 1,108 2021 - 1,262 341 13 1,616 128 1,744 2022 - 762 541 9 1,312 1 1,313 2023 - 850 269 32 1,151 142 1,293 2024 - 762 1 132 895 1 896 2025 - 750 1 129 880 1 881 Thereafter - 544 6 - 550 2 552 Subtotal - 6,572 2,126 1,164 9,862 1,759 11,621 Unamortized premiums (discounts), net - (23 ) - 13 (10 ) 68 58 Unamortized debt issuance costs, net - (33 ) (10 ) (5 ) (48 ) (4 ) (52 ) Totals $ - $ 6,516 $ 2,116 $ 1,172 $ 9,804 $ 1,823 $ 11,627 (1) We expect to repay the amounts maturing in 2016 related to our wholly owned debt with cash generated from operations, proceeds from dispositions of wholly owned real estate properties, or as necessary, with borrowings on our Credit Facilities. (2) Included in 2016 maturities is the Senior Term Loan that can be extended until 2017. (3) Included in 2017 maturities is the Euro Term Loan that can be extended until 2019. Interest Expense The following table summarizes the components of interest expense from continuing operations for the years ended December 31 (in thousands): 2015 2014 2013 Gross interest expense $ 394,012 $ 377,666 $ 471,923 Amortization of premium, net (45,253 ) (21,440 ) (39,015 ) Amortization of deferred loan costs 13,412 14,116 14,374 Interest expense before capitalization $ 362,171 $ 370,342 $ 447,282 Capitalized amounts (60,808 ) (61,457 ) (67,955 ) Net interest expense $ 301,363 $ 308,885 $ 379,327 Total cash paid for interest, net of amounts capitalized $ 345,916 $ 258,441 $ 426,528 Early Extinguishment of Debt In an effort to reduce our borrowing costs and extend our debt maturities, we repurchased certain debt, principally outstanding senior notes and secured mortgage debt, generally with proceeds from the issuance of senior notes outlined above, and in 2013, an equity offering (as described in Note 10). As a result, we recognized a gain or loss represented by the difference between the recorded debt (including premiums and discounts and related debt costs) and the consideration we paid to retire the debt, including fees. The following table summarizes the activity related to the repurchase of debt and net loss on early extinguishment of debt for the years ending December 31 (in millions): 2015 2014 2013 Senior notes: Original principal amount $ 709.7 $ 1,290.4 $ 2,142.0 Cash purchase price $ 789.0 $ 1,460.3 $ 2,411.9 Term loans: Original principal amount $ 600.0 $ - $ - Cash repayment price $ 600.0 $ - $ - Secured mortgage debt: Original principal amount $ 571.5 $ 528.0 $ 1,570.9 Cash repayment price $ 595.5 $ 531.2 $ 1,570.9 Total: Original principal amount $ 1,881.2 $ 1,818.4 $ 3,712.9 Cash purchase/repayment price $ 1,984.5 $ 1,991.5 $ 3,982.8 Loss on early extinguishment of debt $ 86.3 $ 165.3 $ 277.0 |
Stockholders' Equity of Prologi
Stockholders' Equity of Prologis, Inc. | 12 Months Ended |
Dec. 31, 2015 | |
Equity [Abstract] | |
Stockholders' Equity of Prologis, Inc. | Note 10. Stockholders’ Equity of Prologis, Inc. Shares Authorized At December 31, 2015, 1.1 billion shares were authorized to be issued by the Parent, of which 1.0 billion shares represent common stock. Our board of directors (the “Board”) may, without stockholder approval, classify or reclassify any unissued shares of our stock from time to time by setting or changing the preferences, conversion or other rights, voting powers, restrictions, limitations as to distributions, qualifications and terms or conditions of redemption of such shares. Common Stock We issued 1.7 million and 3.3 million shares of common stock under our at-the-market (“ATM”) program during 2015 and 2014, respectively, which generated $71.5 million and $140.1 million in net proceeds, respectively. We have an equity distribution agreement that allows us to sell up to $750.0 million aggregate gross sales proceeds of shares of common stock, of which $535.2 million remains available for sale, through six designated agents, who earn a fee of up to 2% of the gross proceeds, as agreed to on a transaction-by-transaction basis. Under the 2012 Long-Term Incentive Plan (the “LTIP”), certain of our employees and outside directors are able to participate in equity-based compensation plans. Under this plan, we received gross proceeds for the issuance of common stock of $18.2 million, $25.8 million and $22.4 million, for the years ended December 31, 2015, 2014 and 2013, respectfully. See Note 13 for additional information on this plan. As discussed in Note 4, in 2014 NBIM exercised a warrant and paid $213.8 million in exchange for 6.0 million shares of common stock. On April 30, 2013, we completed a public offering of 35.65 million shares of common stock at a price of $41.60 per share, generating approximately $1.4 billion in net proceeds. Preferred Stock At December 31, 2015 and 2014 we had one series of preferred stock outstanding, the Series Q preferred stock, with a liquidation preference of $50 per share, a par value of $0.01 and a dividend rate of 8.54%, which will be redeemable at our option on or after November 13, 2026. Holders have, subject to certain conditions, limited voting rights and all holders are entitled to receive cumulative preferential dividends based on liquidation preference. The dividends are payable quarterly in arrears on the last day of each quarter. Dividends are payable when, and if, they have been declared by the Board, out of funds legally available for the payment of dividends. During 2014, we repurchased approximately 435,000 shares of Series Q preferred stock and recognized a loss of $6.5 million, which primarily represented the difference between the repurchase price and the carrying value of the preferred stock net of original issuance costs. In 2013, we redeemed all of the outstanding Series L, M, O, P, R and S preferred stock and recognized a loss of $9.1 million when we notified the holders of our intent to redeem these series of preferred stock. Ownership Restrictions For us to qualify as a REIT, five or fewer individuals may not own more than 50% of the value of our outstanding stock at any time during the last half of our taxable year. Therefore, our charter restricts beneficial ownership (or ownership generally attributed to a person under the REIT rules), by a person, or persons acting as a group, of issued and outstanding common and preferred stock that would cause that person to own or be deemed to own more than 9.8% (by value or number of shares, whichever is more restrictive) of our issued and outstanding capital stock. Furthermore, subject to certain exceptions, no person shall at any time directly or indirectly acquire ownership of more than 25% of any of the preferred stock. These provisions assist us in protecting and preserving our REIT status and protect the interests of stockholders in takeover transactions by preventing the acquisition of a substantial block of outstanding shares of stock. Shares of stock owned by a person or group of people in excess of these limits are subject to redemption by us. The provision does not apply where a majority of the Board, in its sole and absolute discretion, waives such limit after determining that our status as a REIT for federal income tax purposes will not be jeopardized. Dividends To comply with the REIT requirements of the Internal Revenue Code, we are generally required to make common and preferred stock dividends (other than capital gain distributions) to our stockholders in amounts that together at least equal (i) the sum of (a) 90% of our “REIT taxable income” computed without regard to the dividends paid deduction and net capital gains and (b) 90% of the net income (after tax), if any, from foreclosure property, minus (ii) certain excess non-cash income. Our common stock distribution policy is to distribute a percentage of our cash flow that ensures that we will meet the distribution requirements of the Internal Revenue Code and that allows us to also retain cash to meet other needs, such as capital improvements and other investment activities. Our tax return for the year ended December 31, 2015 has not been filed. The taxability information presented for our dividends paid in 2015 is based on management’s estimate. Our tax returns for open tax years have not been examined by the Internal Revenue Service, other than those discussed in Note 14. Consequently, the taxability of dividends is subject to change. In 2015, 2014 and 2013, we paid all of our dividends in cash. The following summarizes the taxability of our common and preferred stock dividends for the years ended December 31: 2015 (1) (2) 2014 (1) 2013 Common Stock: Ordinary income $ 0.36 $ 0.29 $ - Qualified dividend 0.08 0.41 - Capital gains 1.08 0.62 1.12 Total distribution $ 1.52 $ 1.32 $ 1.12 Preferred Stock – Series L (3): Capital gains - - - - $ 0.41 Preferred Stock – Series M, R and S (3): Capital gains - - - - $ 0.42 Preferred Stock – Series O (3): Capital gains - - - - $ 0.44 Preferred Stock – Series P (3): Capital gains - - - - $ 0.43 Preferred Stock – Series Q: Ordinary income $ 0.77 $ 0.71 $ - Qualified dividend 0.62 1.01 - Capital gains 2.88 2.55 4.27 Total dividend $ 4.27 $ 4.27 $ 4.27 (1) Items indicated by ‘- -‘ are not applicable. (2) Taxability for 2015 is estimated. (3) As discussed above, in April 2013, we redeemed all of the outstanding series L, M, O, P, R and S preferred stock. Common stock dividends are characterized for federal income tax purposes as ordinary income, qualified dividend, capital gains, non-taxable return of capital or a combination of the four. Common stock dividends that exceed our current and accumulated earnings and profits (calculated for tax purposes) constitute a return of capital rather than a dividend and generally reduce the stockholder’s basis in the common stock. To the extent that a dividend exceeds both current and accumulated earnings and profits and the stockholder’s basis in the common stock, it will generally be treated as a gain from the sale or exchange of that stockholder’s common stock. At the beginning of each year, we notify our stockholders of the taxability of the common stock dividends paid during the preceding year. Pursuant to the terms of our preferred stock, we are restricted from declaring or paying any dividend with respect to our common stock unless and until all cumulative dividends with respect to the preferred stock have been paid and sufficient funds have been set aside for dividends that have been declared for the relevant dividend period with respect to the preferred stock. |
Partners' Capital of Prologis,
Partners' Capital of Prologis, L.P. | 12 Months Ended |
Dec. 31, 2015 | |
Equity [Abstract] | |
Partners' Capital of Prologis, L.P. | Note 11. Partners’ Capital of Prologis, L.P. Distributions paid to the common limited partnership units and the taxability of those distributions are similar to the Parent’s common stock disclosed above. In May 2015, we issued 4.5 million common limited partnership units in the Operating Partnership in connection with the KTR acquisition (see Note 3 for more details on the transaction). In connection with the acquisition of a portfolio of properties in October 2015, we issued 0.2 million common limited partnership units and 8.9 million Class A Units. The number of units issued was based upon an agreed upon price and had a per unit weighted average fair value at the date of issuance of $41.06. The Class A Units generally have the same rights as the existing common units of the Operating Partnership, except that the Class A Units are entitled to a quarterly distribution equal to $0.64665 per unit so long as the common units receive a quarterly distribution of at least $0.40 per unit (in the event the common units receive a quarterly distribution of less than $0.40 per unit, the Class A Unit distribution would be reduced by a proportionate amount). Class A Units are convertible into common units at an initial conversion rate of one-for-one. The conversion rate will be increased or decreased to the extent that, at the time of conversion, the net present value of the distributions paid with respect to the Class A Units are less or more than the distributions paid on common units from the time of issuance of the Class A Units until the time of conversion. At December 31, 2015, the Class A Units were convertible into 8.8 million common units. The Operating Partnership may redeem the Class A Units at any time after October 7, 2025, for an amount in cash equal to the then-current number of the common units into which the Class A Units are convertible, multiplied by $43.11, subject to the holders’ right to convert the Class A Units into common units. Distributions paid on the common units and Class A Units, and the taxability of those distributions, are similar to dividends paid on the Parent’s common stock disclosed above. |
Noncontrolling Interests
Noncontrolling Interests | 12 Months Ended |
Dec. 31, 2015 | |
Noncontrolling Interest [Abstract] | |
Noncontrolling Interests | Note 12. Noncontrolling Interests Prologis, L.P. We report noncontrolling interests related to several entities we consolidate but of which we do not own 100% of the equity. These entities include two real estate partnerships that have issued limited partnership units to third parties. Depending on the specific partnership agreements, these limited partnership units are exchangeable into shares of the Parent’s common stock (or cash), generally at a rate of one share of common stock to one unit. We evaluated the noncontrolling interests with redemption provisions that permit the issuer to settle in either cash or common stock at the option of the issuer to determine whether temporary or permanent equity classification on the balance sheet is appropriate, including the requirement to settle in unregistered shares, and determined that these units meet the requirements to qualify for presentation as permanent equity. We also consolidate several entities in which we do not own 100% of the equity and the units of these entities are not exchangeable into our common stock. As discussed in Note 3, we began consolidating the co-investment venture NAIF in 2014. In the first quarter of 2014, we formed a new U.S. co-investment venture, USLV, in which we hold a 55% equity ownership interest and have one partner. The venture is consolidated due to the structure and voting rights of the venture. At closing, the venture acquired from us a portfolio of 66 operating properties aggregating 12.8 million square feet for an aggregate purchase price of $1.0 billion. Prologis, Inc. The noncontrolling interests of the Parent include the noncontrolling interests presented in the Operating Partnership, as well as the common limited partnership units in the Operating Partnership that are not owned by the Parent. During 2013, net earnings attributable to noncontrolling interests were $10.1 million, of which $0.5 million was a loss from continuing operations and $10.6 million was income from discontinued operations. The following table summarizes our noncontrolling interests and the consolidated entity’s total investment in real estate and debt at December 31 (dollars and units in thousands): Our Ownership Percentage Noncontrolling Interests Total Investment in Real Estate Debt 2015 2014 2015 2014 2015 2014 2015 2014 Prologis U.S. Logistics Venture (1) 55.0 % 55.0 % 2,677,642 427,307 6,533,089 1,006,183 724,256 - Prologis North American Industrial Fund 66.1 % 66.1 % 490,444 544,718 2,571,092 2,771,299 1,083,650 1,188,836 Prologis Brazil Logistics Partners Fund I (2) 50.0 % 50.0 % 49,313 68,533 - - - - Other consolidated entities (3) various various 102,828 119,343 1,006,224 1,018,996 14,603 18,051 Prologis, L.P. noncontrolling interests 3,320,227 1,159,901 10,110,405 4,796,478 1,822,509 1,206,887 Limited partners in Prologis, L.P. (4) (5) 432,674 48,189 - - - - Prologis, Inc. noncontrolling interests $ 3,752,901 $ 1,208,090 $ 10,110,405 $ 4,796,478 $ 1,822,509 $ 1,206,887 (1) As discussed in Note 3, USLV acquired a portfolio of properties from KTR in May 2015. We received a contribution of $2.3 billion from our venture partner to fund their share of this acquisition. (2) The assets of Prologis Brazil Logistics Partners Fund I (“Brazil Fund”) are primarily investments in unconsolidated entities of $103.1 million and $152.0 million at December 31, 2015 and 2014, respectively. For additional information on our unconsolidated investments, see Note 5. (3) This line item includes our two partnerships that have issued limited partnership units to third parties, as discussed above, along with various other consolidated entities. At December 31, 2015 and 2014, limited partnership units were exchangeable into cash or, at our option, 1,835 and 1,887 shares, respectively, of the Parent’s common stock. In 2015, 52 limited partnership units were redeemed for cash of $3.2 million. All of these outstanding limited partnership units receive quarterly cash distributions equal to the quarterly dividends paid on our common stock pursuant to the terms of the applicable partnership agreements. (4) Includes 8.9 million of Class A Units issued in the fourth quarter of 2015. See Note 11 for further discussion of our Class A Units. (5) We issued 4.7 million common limited partnership units in the Operating Partnership, principally in connection with the KTR acquisition. |
Long-Term Compensation
Long-Term Compensation | 12 Months Ended |
Dec. 31, 2015 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Long-Term Compensation | Note 13. Long-Term Compensation In May 2012, stockholders approved the 2012 LTIP. All outstanding awards granted under the previous plans remain outstanding in accordance with their terms. The 2012 LTIP provides for grants of awards to officers, directors, employees, and consultants of the Parent or its subsidiaries. Awards can be in the form of stock options (non-qualified options and incentive stock options), stock appreciation rights and full value awards (restricted stock, restricted stock units, Operating Partnership units (“LTIP Units”), special outperformance plan type of LTIP Units and cash incentive awards). No participant can be granted more than 1.5 million awards under the 2012 LTIP in any one calendar year. Awards may be made under the 2012 LTIP until it is terminated by the Board or until the ten-year anniversary of the effective date of the plan. We began granting awards in the form of LTIP Units during 2014. An LTIP Unit represents a partnership interest in the Operating Partnership. After vesting and the satisfaction of certain conditions, an LTIP Unit may be exchangeable for a common unit in the Operating Partnership and then redeemable for a share of common stock. We have 27.2 million shares reserved for issuance, of which 21.7 million shares of common stock were available for future issuance at December 31, 2015. Each LTIP Unit counts as one share of common stock for purposes of calculating the limit on shares that may be issued. Outperformance Plan (“OPP”) We grant awards in the form of points under our OPP corresponding to three-year performance periods. The fair value of the awards are measured at the grant date and amortized over the performance period. OPP awards are earned to the extent our total stockholder return (“TSR”) for the performance period exceeds the TSR for the Morgan Stanley Capital International (“MSCI”) US REIT Index for the same period plus 100 basis points. If this outperformance hurdle is met, the compensation pool is equal to 3% of the excess value created, subject to a maximum of the greater of $75 million or 0.5% of our equity market capitalization at the start of the performance period. Each participant is allocated a percentage of the total compensation pool. Awards earned at the end of the performance period cannot be paid to participants unless our absolute TSR, as defined in the plan, is positive for the performance period. If we outperform the TSR for the MSCI US REIT Index plus 100 basis points, but the absolute TSR is not positive, payment will be delayed until such time as our absolute TSR becomes positive. If after seven years our absolute TSR has not become positive, the awards will be forfeited. We used the Monte Carlo valuation model to value the points granted under the OPP. The points relate to a three-year performance period that begins on January 1 of the year granted. If the performance criteria are met, the participants’ points will be paid in the form of common stock or LTIP Units. In 2014, we began offering participants the election to choose the form of payment of awards earned, if any, in common stock of the Parent or a special OPP type of LTIP Units (the “OPP LTIP Units”) that represents restricted operating partnership units in the Operating Partnership. If the performance criteria are not met, the participation points and the OPP LTIP Units will be forfeited. At December 31, 2015, all awards are equity classified. The following table details the assumptions of each grant based on the year it was granted (dollars in thousands): 2015 2014 2013 Risk free interest rate 0.86 % 0.67 % 0.39 % Expected volatility 28 % 38 % 38 % Aggregate fair value $ 26,500 $ 23,100 $ 23,900 At December 31, 2015 and 2014, the performance criteria were not met for the 2012 and 2013 grant, respectively, therefore, no awards were earned and the points and OPP LTIP Units for the 2012 – 2014 and the 2013 – 2015 performance periods were forfeited. As the OPP has market-based performance criteria, the expense recognized is not adjusted if no awards were earned. Prologis Promote Plan (“PPP”) Under the PPP, we established a compensation pool equal to 40% of the aggregate promotes earned by Prologis under agreements with our co-investment ventures, representing the third-party portion. The awards may be settled in some combination of cash or RSUs in accordance with the terms of the PPP and, starting in August 2014, participants may elect to receive LTIP Units in lieu of RSUs. The RSUs and LTIP Units have a three-year vesting period. At the beginning of each year, each participant is allocated a percentage of the total compensation pool for each applicable new co-investment venture. We record an accrual for the estimated cash portion of the PPP at the time the revenue is recognized and recognized the expense of the equity award during the vesting period. A compensation pool was funded in each of the three years ended December 31 associated with promotes earned from our co-investment ventures, as discussed in Note 5. We accrued $4.7 million associated with the cash awards for the promotes earned in the fourth quarter of 2015. The equity awards will be granted in 2016 when the promote is received. The total value of the awards in 2014 was $11.3 million, of which $4.2 million was paid in cash and approximately 57,000 RSUs were issued with a grant date fair value of $2.4 million and approximately 113,000 LTIP Units were issued with a grant date fair value of $4.7 million. The total value of the awards in 2013 was $5.3 million, of which $2.7 million was paid in cash and approximately 69,000 RSUs were issued with a grant date fair value of $2.6 million. Restricted Stock Units (“RSUs”) In addition to the RSU’s granted under the OPP and PPP, we grant RSUs to certain employees, generally on an annual basis. Each RSU represents the right to receive one share of common stock of the Parent and generally vests over a continued service period. The RSUs earn cash dividends during the vesting period and are, therefore, considered participating securities. We charge the value of the dividend to retained earnings. The fair value of the RSU is generally based on the market price of the Parent’s common stock on the date the award is granted and is charged to compensation expense during the vesting period, which is generally three years. The following table summarizes the activity for RSUs for the year ended December 31, 2015 (units in thousands): Number of RSUs Weighted Average Grant-Date Fair Value Number of RSUs Vested Balance at January 1, 2015 2,521 $ 39.38 106 Granted 693 44.52 Vested and distributed (1,029 ) 38.24 Transferred to LTIP Units (522 ) 39.27 Forfeited (37 ) 42.00 Balance at December 31, 2015 1,626 $ 42.21 109 Total remaining compensation cost related to RSUs outstanding at December 31, 2015, was $34.6 million, prior to adjustments for capitalized amounts due to our development and leasing activities. The remaining compensation cost will be recognized through 2019, with a weighted average period of 1.4 years. Operating Partnership Long-Term Incentive Plan Units LTIP Units are valued based on the market price of the Parent’s common stock on the date the award is granted and generally vest ratably over three years. Distributions are paid with respect to the LTIP Units during the vesting period and, therefore, such LTIP Units are considered participating securities. The value of the distribution is charged to Net Income Attributable to Noncontrolling Interest The following table summarizes the activity for LTIP Units for the year ended December 31, 2015 (units in thousands): Number of LTIP Units Weighted Average Grant-Date Fair Value Number of LTIP Units Vested Balance at January 1, 2015 113 $ 41.43 - Granted 609 44.88 Transferred from RSUs 522 39.27 Balance at December 31, 2015 1,244 $ 42.21 303 Total remaining compensation cost related to LTIP Units at December 31, 2015, was $26.6 million, prior to adjustments for capitalized amounts due to our development and leasing activities. The remaining compensation cost will be recognized through 2018, with a weighted average period of 1.5 years. In 2014, certain participants of the 2012 LTIP were offered the election to exchange outstanding but unvested full value awards for LTIP Units, which exchange was completed in January 2015. In addition, in 2014, certain participants were offered an election to receive grants of LTIP Units in lieu of future grants of RSUs under the 2012 LTIP and PPP. The LTIP Units issued pursuant to such elections will generally have the same vesting period and grant date fair value as the RSUs issuable under such awards. OPP LTIP Units As mentioned above in OPP, beginning in 2014, participants in the OPP were offered the election to exchange their previously granted participation points into OPP LTIP Units. In such election, participation points were exchanged into OPP LTIP Units with respect to outstanding performance periods. OPP LTIP Units are therefore not considered a participating security. At December 31, 2015, the outstanding OPP LTIP Units were related to the 2014 – 2016 and 2015 – 2017 performance periods. The following table summarizes the activity for the OPP LTIP Units for the year ended December 31, 2015 (units in thousands): Number of OPP LTIP Units Balance at January 1, 2015 2,799 Granted 1,572 Forfeited (907 ) Balance at December 31, 2015 3,464 Stock Options We have 4.4 million stock options outstanding and exercisable at December 31, 2015 with a weighted average exercise price of $34.69 and a weighted average life of 3.1 years. The aggregate intrinsic value of exercised options was $13.7 million, $5.8 million, and $9.6 million for the years ended December 31, 2015, 2014 and 2013, respectively. No stock options were granted in the three-year period ended December 31, 2015. Other Plans The Prologis 401(k) Plan ( the “401(k) Plan”) provides for matching employer contributions of $0.50 for every dollar contributed by an employee, up to 6% of the employee’s annual compensation (within the statutory compensation limit). In the 401(k) Plan, vesting in the matching employer contributions is based on the employee’s years of service, with 100% vesting at the completion of one year of service. Our contributions under the matching provisions were $2.5 million, $2.2 million and $2.1 million for 2015, 2014 and 2013, respectively. We have a non-qualified savings plan that allows highly compensated employees the opportunity to defer the receipt and income taxation of a certain portion of their compensation in excess of the amount permitted under the 401(k) Plan. There has been no employer matching in the three-year period ended December 31, 2015. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 14. Income Taxes Components of Earnings Before Income Taxes The following table summarizes the components of earnings before income taxes for the years ended December 31 (in thousands): 2015 2014 2013 Domestic $ 511,025 $ 390,874 $ (404,910 ) International 437,580 322,754 741,172 Earnings before income taxes $ 948,605 $ 713,628 $ 336,262 Summary of Current and Deferred Income Taxes The following table summarizes the components of the provision for income taxes for the years ended December 31 (in thousands): 2015 2014 2013 Current income tax expense (benefit): United States federal $ (11,633 ) $ (6,585 ) $ 20,009 International 27,494 52,155 99,478 State and local 12,286 16,014 8,501 Total current tax expense 28,147 61,584 127,988 Deferred income tax expense (benefit): United States federal (810 ) (27,374 ) (1,133 ) International (4,247 ) (59,866 ) (18,934 ) Total deferred tax benefit (5,057 ) (87,240 ) (20,067 ) Total income tax expense (benefit), included in continuing and discontinued operations $ 23,090 $ (25,656 ) $ 107,921 Current Income Taxes As discussed in Note 4, contributions to our co-investment ventures were not significant during 2015, as such there was a limited impact on current income tax expense. Current income tax expense during 2014 is principally due to taxes triggered upon the contribution of the initial portfolio of properties of certain wholly-owned and AFORES entities to FIBRA Prologis. Current income tax expense during 2015 and 2014 was netted against a current benefit recognized during each year as a result of the operating losses generated by our U.S. TRS. Current income tax expense in 2013 was due to the net tax expense recognized on the initial contribution of properties to PELP and NPR that were previously held in certain foreign jurisdictions and U.S. TRSs. For the years ended December 31, 2015, 2014 and 2013, we recognized a net expense of $3.0 million and a net benefit of $1.1 million and $1.8 million for uncertain tax positions, respectively. During the years ended December 31, 2015, 2014 and 2013, cash paid for income taxes, net of refunds, was $24.1 million, $105.4 million and $99.5 million, respectively. Deferred Income Taxes The deferred income tax benefits recognized in 2015, 2014 and 2013 were primarily due to the reversal of deferred tax liabilities from the contribution and dispositions of properties. The deferred tax liabilities were originally recorded at the time of acquisition. The majority of the deferred tax benefit we recognized in 2014 was due to the reversal of deferred tax liabilities in connection with the initial contribution of properties to FIBRA Prologis and due to the expiration of the holding period on properties previously acquired with existing built-in-gains. The deferred tax benefit in 2013 related to the contribution of properties to PELP. The following table summarizes the deferred income tax assets and liabilities at December 31 (in thousands): 2015 2014 Gross deferred income tax assets: Net operating loss carryforwards (1) $ 321,144 $ 346,978 Basis difference – real estate properties 89,856 105,205 Basis difference – equity investments 11,242 12,401 Basis difference – intangibles 4,351 5,952 Section 163(j) interest limitation 32,684 32,703 Capital loss carryforward 25,282 25,282 Other – temporary differences 8,993 10,701 Total gross deferred income tax assets 493,552 539,222 Valuation allowance (467,440 ) (518,241 ) Gross deferred income tax assets, net of valuation allowance 26,112 20,981 Gross deferred income tax liabilities: Basis difference – real estate properties 82,160 89,998 Basis difference – intangibles 6,170 7,324 Other – temporary differences 993 716 Total gross deferred income tax liabilities 89,323 98,038 Net deferred income tax liabilities $ 63,211 $ 77,057 (1) At December 31, 2015, we had NOL carryforwards as follows (in thousands): United States Europe Mexico Japan Other Gross NOL carryforward $ 97,295 $ 635,970 $ 266,600 $ 132,672 $ 55,351 Tax-effected NOL carryforward 36,515 163,974 83,612 23,511 13,532 Valuation allowance (36,515 ) (151,811 ) (83,612 ) (23,511 ) (13,532 ) Net deferred tax asset – NOL carryforward $ - $ 12,163 $ - $ - $ - Expiration periods 2022 – 2035 2016 – indefinite 2016 – 2026 2016 – 2024 2016 – indefinite The deferred tax asset valuation allowance at December 31, 2015 is adequate to reduce the total deferred tax asset to an amount that we estimate will more likely than not be realized. Liability for Uncertain Tax Positions During the years ended December 31, 2015, 2014 and 2013, we believe that we have complied with the REIT requirements of the Internal Revenue Code. The statute of limitations for our tax returns is generally three years. As such, our tax returns that remain subject to examination would be primarily from 2012 and thereafter. The liability for uncertain tax positions principally consisted of estimated federal income tax liabilities and included accrued interest and penalties of $0.3 million at December 31, 2015 and 2014 and $0.9 million at December 31, 2013. A reconciliation of the liability for uncertain tax positions for the years ended December 31 was as follows (in thousands): 2015 2014 2013 Balance at January 1 $ 256 $ 1,318 $ 7,943 Additions for tax positions taken during current year 3,000 - - Additions for tax positions taken during a prior year 8 256 405 Settlements with taxing authorities - - (7,030 ) Reductions due to lapse of applicable statute of limitations - (1,318 ) - Balance at December 31 $ 3,264 $ 256 $ 1,318 |
Earnings Per Common Share or Un
Earnings Per Common Share or Unit | 12 Months Ended |
Dec. 31, 2015 | |
Earnings Per Share [Abstract] | |
Earnings Per Common Share or Unit | Note 15. Earnings Per Common Share or Unit We determine basic earnings per share or unit based on the weighted average number of shares of common stock or units outstanding during the period. We compute diluted earnings per share or unit based on the weighted average number of shares or units outstanding combined with the incremental weighted average effect from all outstanding potentially dilutive instruments. The following table computes our basic and diluted earnings per share and unit for the years ended December 31 (in thousands, except per share and unit amounts): Prologis, Inc. 2015 2014 2013 Net earnings attributable to common stockholders – Basic $ 862,788 $ 622,235 $ 315,422 Net earnings attributable to exchangeable limited partnership units (1) 13,120 3,636 1,305 Gains, net of expenses, associated with exchangeable debt assumed exchanged (2) (1,614 ) - - Adjusted net earnings attributable to common stockholders – Diluted $ 874,294 $ 625,871 $ 316,727 Weighted average common shares outstanding – Basic (3) 521,241 499,583 486,076 Incremental weighted average effect on exchange of limited partnership units (1) 8,569 3,501 2,060 Incremental weighted average effect of equity awards and warrant 1,961 3,307 3,410 Incremental weighted average effect on exchangeable debt assumed exchanged (2) 2,173 - - Weighted average common shares outstanding – Diluted (4) $ 533,944 $ 506,391 $ 491,546 Net earnings per share attributable to common stockholders: Basic $ 1.66 $ 1.25 $ 0.65 Diluted $ 1.64 $ 1.24 $ 0.64 Prologis, L.P. 2015 2014 2013 Net earnings attributable to common and Class A unitholders $ 873,914 $ 624,436 $ 316,630 Net earnings attributable to Class A convertible common unitholders (3,393 ) - - Net earnings attributable to common unitholders – Basic $ 870,521 $ 624,436 $ 316,630 Net earnings attributable to Class A convertible common unitholders 3,393 - - Net earnings attributable to exchangeable limited partnership units 1,994 1,435 97 Gain, net of expenses, associated with exchangeable debt assumed exchanged (2) (1,614 ) - - Adjusted net earnings attributable to common unitholders – Diluted $ 874,294 $ 625,871 $ 316,727 Weighted average common partnership units outstanding – Basic (3) 525,912 501,349 487,936 Incremental weighted average effect on exchange of Class A convertible units 2,050 - - Incremental weighted average effect on exchange of limited partnership units 1,848 1,735 200 Incremental weighted average effect of equity awards and warrant of Prologis, Inc. 1,961 3,307 3,410 Incremental weighted average effect on exchangeable debt assumed exchanged (2) 2,173 - - Weighted average common partnership units outstanding – Diluted (4) 533,944 506,391 491,546 Net earnings per unit attributable to common unitholders: Basic $ 1.66 $ 1.25 $ 0.65 Diluted $ 1.64 $ 1.24 $ 0.64 (1) Earnings allocated to the exchangeable Operating Partnership units not held by the Parent have been included in the numerator and exchangeable Operating Partnership units have been included in the denominator for the purpose of computing diluted earnings per share for all periods as the per share and unit amount is the same. The incremental weighted average exchangeable Operating Partnership units were 4,671, 1,766 and 1,860 for the years ended December 31, 2015, 2014 and 2013, respectively. (2) In March 2015, the exchangeable debt was settled primarily through the issuance of common stock. The adjustment in 2015 assumes the exchange occurred on January 1, 2015. (3) The increase in shares and units between the periods is primarily due to the warrant NBIM exercised in December 2014, the ATM program activity in late 2014 and early 2015 and the conversion of exchangeable debt to shares and units in March 2015. (4) Our total potentially dilutive shares and units outstanding consisted of the following: 2015 2014 2013 Total weighted average potentially dilutive limited partnership units 3,898 1,932 1,558 Total potentially dilutive stock awards and warrant 7,299 14,366 13,998 Total weighted average potentially dilutive shares and units from exchangeable debt 2,173 11,879 11,879 |
Financial Instruments and Fair
Financial Instruments and Fair Value Measurements | 12 Months Ended |
Dec. 31, 2015 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Financial Instruments and Fair Value Measurements | Note 16. Financial Instruments and Fair Value Measurements Derivative Financial Instruments In the normal course of business, our operations are exposed to global market risks, including the effect of changes in foreign currency exchange rates and interest rates. To manage these risks, we may enter into various derivative contracts, such as foreign currency contracts to manage foreign currency exposure, and interest rate swaps to manage the effect of interest rate fluctuations. See Note 2 for additional information about our derivative financial instrument policy. We did not record any ineffectiveness on our foreign currency derivative contracts during 2015, 2014 and 2013. Losses in Interest Expense The following table summarizes the activity in our foreign currency contracts for the years ended December 31 (in millions, except for weighted average forward rates and number of active contracts): 2015 Net Investment Forward Contracts Forward and Option Contracts Local Currency EUR GBP JPY CAD EUR (1) GBP (1) (2) JPY (1) Other (1) Notional amounts at January 1 € 300 £ 238 ¥ 24,136 $ - € 284 £ - ¥ - New contracts - 118 43,373 394 333 199 18,740 Matured or expired contracts (300 ) (118 ) (67,509 ) (394 ) (342 ) (102 ) (5,900 ) Notional amounts at December 31 € - £ 238 ¥ - $ - € 275 £ 97 ¥ 12,840 U.S. Dollar Notional amounts at January 1 $ 400 $ 400 $ 250 $ - $ 354 $ - $ - $ - New contracts - 186 353 298 375 300 159 71 Matured or expired contracts (400 ) (200 ) (603 ) (298 ) (419 ) (152 ) (50 ) (21 ) Notional amounts at December 31 $ - $ 386 $ - $ - $ 310 $ 148 $ 109 $ 50 Weighted average forward rate at December 31 - 1.62 - - 1.13 1.31 118.23 Active contracts at December 31 - 3 - - 19 16 16 20 2014 2013 Net Investment Forward Contracts Forward and Option Contracts (1) Net Investment Forward Contracts Local Currency EUR GBP JPY EUR EUR JPY Notional amounts at January 1 € 600 £ - ¥ 24,136 € - € 1,000 ¥ - New contracts 1,746 238 79,010 365 600 24,136 Matured or expired contracts (2,046 ) - (79,010 ) (81 ) (1,000 ) - Notional amounts at December 31 € 300 £ 238 ¥ 24,136 € 284 € 600 ¥ 24,136 U.S. Dollar Notional amounts at January 1 $ 800 $ - $ 250 $ - $ 1,304 $ - New contracts 2,354 400 769 464 800 250 Matured or expired contracts (2,754 ) - (769 ) (110 ) (1,304 ) - Notional amounts at December 31 $ 400 $ 400 $ 250 $ 354 $ 800 $ 250 (1) During 2015 and 2014, we exercised 32 and 3 option contracts and realized gains of $14.6 million and $1.1 million, respectively, in Foreign Currency and Derivative Gains (Losses) and Related Amortization, Net (2) Included in our British pounds sterling denominated option contracts are three forward contracts to sell British pounds sterling and buy euros. These forwards have a notional amount of £16.0 million (€21.5 million) and were reported in this table using a weighted average exchange rate of $1.09 U.S. dollars to the euro. The following table summarizes the activity in our interest rate swaps for the years ended December 31 (in millions, except for the number of active contracts): 2015 (1) 2014 2013 Notional amounts at January 1 $ 398 $ 71 $ 1,315 New contracts (2) (3) 1,396 398 - Matured or expired contracts (3) (4) (360 ) (71 ) (1,244 ) Notional amounts at December 31 $ 1,434 $ 398 $ 71 (1) We had seven interest rate swaps hedges outstanding at December 31, 2015. (2) During 2015, we entered into two contracts with a notional amount of $526.3 million (¥65.0 billion) on the 2015 Yen Term Loan and three contracts with a notional amount of CAD $371.9 million ($510.0 million) on the Canadian Term Loan to effectively fix the interest rates. During 2014, we entered into two contracts with a notional amount of $398.3 million (¥40.9 billion) to effectively fix the interest rate on the 2014 Yen Term Loan. See Note 9 for more information on the 2015 Yen Term Loan. (3) In the third quarter of 2015, we entered into two contracts with a notional amount of $360.0 million to effectively fix the interest rate at the three month LIBOR rate of 2.3% on expected future debt issuances. These contracts were designated as interest rate forward hedges. These contracts were settled in the fourth quarter of 2015 when we entered into the $750.0 million of senior notes. We recorded a loss of $11.0 million associated with these derivatives that will be amortized to Interest Expense (4) During 2013, we settled 13 contracts with a notional value of $333.5 million, and contributed 13 contracts with a notional value of $383.9 million related to the transfer of assets to the newly formed PELP co-investment venture. We also settled five contracts in Japan with a notional value of $526.4 million in connection with the contributions of properties to NPR. The following table presents the fair value of our derivative instruments at December 31 (in thousands): 2015 2014 Asset Liability Asset Liability Net investment hedges – euro denominated (1) $ - $ - $ 22,891 $ - Net investment hedges – pound sterling denominated 33,471 - 29,097 - Net investment hedges – yen denominated (1) - - 46,934 - Cash flow hedge foreign currency options – peso denominated - 88 - - Foreign currency options – Canadian dollar denominated (2) 3,324 - - - Foreign currency options – euro denominated (2) 11,711 84 7,742 - Foreign currency options – pound sterling denominated (2) 4,241 745 - - Foreign currency options – yen denominated (2) 832 717 - - Interest rate hedges - 12,095 - 1,395 Total fair value of derivatives $ 53,579 $ 13,729 $ 106,664 $ 1,395 (1) During the second quarter of 2015, we terminated our euro and yen denominated net investment hedges. See below for additional information about the gains recognized upon termination. (2) As discussed above, these foreign currency options are not designated as hedges. We recognized gains of $22.1 million and $7.7 million in Foreign Currency and Derivative Losses and Related Amortization, Net The change in Other Comprehensive Income Other Comprehensive Income 2015 2014 2013 Derivative net investment hedges (1) $ 63,934 $ 122,164 $ 17,847 Interest rate hedges (2) (21,602 ) (804 ) (69 ) Cash flow hedges (112 ) - - Our share of derivatives from unconsolidated co-investment ventures 4,257 (5,694 ) 19,659 Total gain on derivative instruments 46,477 115,666 37,437 Nonderivative net investment hedges (3) 321,148 321,196 (14,910 ) Total gain on derivative and nonderivative hedging instruments $ 367,625 $ 436,862 $ 22,527 (1) We received $128.2 million, $13.0 million and $7.8 million for the years ended December 31, 2015, 2014 and 2013, respectively, on the settlement of net investment hedges. (2) The amounts reclassified to interest expense for the years ended December 31, 2015, 2014 and 2013, respectively, were not considered significant. For the next 12 months from December 31, 2015, we estimate an additional expense of $5.6 million will be reclassified to Interest Expense (3) At December 31, 2015, 2014 and 2013, we had €3.2 billion ($3.5 billion), €2.5 billion ($3.0 billion) and €700 million ($1.0 billion) of debt, net of accrued interest, respectively, designated as nonderivative financial instrument hedges of our net investment in international subsidiaries. We had €97.6 million ($118.5 million) of debt that was not designated as a nonderivative financial instrument hedge at December 31, 2014. We recognized unrealized gains of $10.0 million and $7.5 million in Foreign Currency and Derivative Gains (Losses) and Related Amortization, Net Fair Value Measurements We have estimated the fair value of our financial instruments using available market information and valuation methodologies we believe to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that we would realize on disposition. See Note 2 for more information on our fair value measurements policy. Fair Value Measurements on a Recurring Basis At December 31, 2015 and 2014, other than the derivatives discussed previously and the embedded derivative discussed in Note 9, we did not have any significant financial assets or financial liabilities that were measured at fair value on a recurring basis in the Consolidated Financial Statements. All of our derivatives held at December 31, 2015 and 2014, were classified as Level 2 of the fair value hierarchy. Fair Value Measurements on Nonrecurring Basis No assets met the criteria to be measured at fair value on a nonrecurring basis at December 31, 2015 or 2014. Fair Value of Financial Instruments At December 31, 2015 and 2014, the carrying amounts of certain financial instruments, including cash and cash equivalents, restricted cash, accounts and notes receivable, accounts payable and accrued expenses were representative of their fair values because of the short-term nature of these instruments. The differences in the fair value of our debt from the carrying value in the table below are the result of differences in interest rates or borrowing spreads that were available to us at December 31, 2015 and 2014, as compared with those in effect when the debt was issued or assumed, including reduced borrowing spreads due to our improved credit ratings. The senior notes and many of the issues of secured mortgage debt contain pre-payment penalties or yield maintenance provisions that could make the cost of refinancing the debt at lower rates exceed the benefit that would be derived from doing so. The following table reflects the carrying amounts and estimated fair values of our debt at December 31 (in thousands): 2015 2014 Carrying Value Fair Value Carrying Value Fair Value Credit Facilities $ - $ - $ - $ - Senior notes 6,516,392 6,801,118 6,046,965 6,593,657 Exchangeable senior notes - - 456,373 511,931 Term loans and other debt 2,115,457 2,128,270 584,124 591,810 Secured mortgage debt 1,172,473 1,262,778 1,042,628 1,173,488 Secured mortgage debt of consolidated entities 1,822,509 1,825,361 1,206,887 1,209,271 Total debt $ 11,626,831 $ 12,017,527 $ 9,336,977 $ 10,080,157 |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2015 | |
Commitments And Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Note 17. Commitments and Contingencies Environmental Matters A majority of the properties we acquire, including land, are subjected to environmental reviews either by us or the previous owners. In addition, we may incur environmental remediation costs associated with certain land parcels we acquire in connection with the development of the land. We have acquired certain properties that may have been leased to or previously owned by companies that discharged hazardous materials. We establish a liability at the time of acquisition to cover such costs and adjust the liabilities as appropriate when additional information becomes available. We record our environmental liabilities in Other Liabilities Indemnification Agreements We may enter into agreements whereby we indemnify certain co-investment ventures, or our venture partners, outside of the U.S. for taxes that may be assessed with respect to certain properties we contributed to these ventures. Our contributions to these ventures are generally structured as contributions of shares of companies that own the real estate assets. Accordingly, the capital gains associated with the step up in the value of the underlying real estate assets, for tax purposes, are deferred and transferred at contribution. We have generally indemnified these ventures to the extent that the ventures: (i) incur capital gains or withholding tax as a result of a direct sale of the real estate asset, as opposed to a transaction in which the shares of the company owning the real estate asset are transferred or sold or (ii) are required to grant a discount to the buyer of shares under a share transfer transaction as a result of the ventures transferring the embedded capital gain tax liability to the buyer of the shares in the transaction. The agreements limit the amount that is subject to our indemnification with respect to each property to 100% of the actual tax liabilities related to the capital gains that are deferred and transferred by us to the ventures at the time of the initial contribution less any deferred tax assets transferred with the property. The outcome under these agreements is uncertain as it depends on the method and timing of dissolution of the related venture or disposition of any properties by the venture. We record liabilities related to the indemnification agreements in Other Liabilities Off-Balance Sheet Liabilities We have issued performance and surety bonds and standby letters of credit in connection with certain development projects. Performance and surety bonds are commonly required by public agencies from real estate developers. Performance and surety bonds are renewable and expire on the completion of the improvements and infrastructure. At December 31, 2015, and 2014 we had approximately $58.8 million and $54.5 million, respectively, outstanding under such arrangements. We may be required under capital commitments or we may choose to make additional capital contributions to certain of our unconsolidated entities, representing our proportionate ownership interest, should additional capital contributions be necessary to fund development or acquisition costs, repayment of debt or operation shortfalls. See Note 5 for further discussion related to equity commitments to our unconsolidated entities. Litigation From time to time, we are party to a variety of legal proceedings arising in the ordinary course of business. We believe that, with respect to any such matters that we are currently a party to, the ultimate disposition of any such matter will not have material adverse effect on our business, financial position or results of operations. |
Business Segments
Business Segments | 12 Months Ended |
Dec. 31, 2015 | |
Segment Reporting [Abstract] | |
Business Segments | Note 18. Business Segments Our current business strategy includes two operating segments: Real Estate Operations and Strategic Capital. We generate revenues, earnings, net operating income and cash flows through our segments, as follows: · Real Estate Operations. This operating segment represents the ownership of industrial operating properties and is the main source of our revenue and earnings. We collect rent from our customers through operating leases, including reimbursements for the majority of our property operating costs. Each operating property is considered to be an individual operating segment with similar economic characteristics; these properties are combined within the reportable segment based on geographic location. Our Real Estate Operations segment also includes development, re-development and acquisition activities that lead to rental operations. We develop, redevelop and acquire industrial properties primarily in global and regional markets to meet our customers’ needs. Within this line of business, we capitalize on the following: (i) the land that we currently own; (ii) the development expertise of our local teams; (iii) our global customer relationships; and (iv) the demand for high-quality distribution facilities. Land held for development, properties currently under development and land we own and lease to customers under ground leases are included in this segment. · Strategic Capital. This operating segment represents the management of unconsolidated co-investment ventures. We invest with partners and investors through our ventures, both private and public. We tailor industrial portfolios to investors’ specific needs and deploy capital with a focus on larger ventures with longer duration and open-ended funds with leading global institutions. These private and public vehicles provide capital for distinct geographies across our global platform. We hold a significant ownership interest in these ventures, which we believe aligns our interests with those of our partners. We generate strategic capital revenues from our unconsolidated co-investment ventures through asset management and property management services and we earn additional revenues by providing leasing, acquisition, construction, development, financing and disposition services. Depending on the structure of the venture and the returns provided to our partners, we also earn revenues through promotes during the life of a venture or upon liquidation. Each unconsolidated co-investment venture we manage is considered to be an individual operating segment with similar economic characteristics; these ventures are combined within the reportable segment based on geographic location. Reconciliations are presented below for: (i) each reportable business segment’s revenue from external customers to Total Revenues Earnings Before Income Taxes Total Assets Total Revenues, Earnings Before Income Taxes Total Assets Years Ended December 31, 2015 2014 2013 Revenues (1): Real estate operations: Americas $ 1,859,393 $ 1,403,564 $ 1,288,925 Europe 69,527 74,413 174,397 Asia 57,792 62,939 107,692 Total Real Estate Operations segment 1,986,712 1,540,916 1,571,014 Strategic capital: Americas 61,684 95,168 72,474 Europe 112,793 86,549 63,794 Asia 35,885 38,154 43,204 Total Strategic Capital segment 210,362 219,871 179,472 Total revenues $ 2,197,074 $ 1,760,787 $ 1,750,486 Net operating income: Real estate operations: Americas $ 1,296,387 $ 1,000,773 $ 899,053 Europe 39,672 40,627 116,178 Asia 40,741 45,262 76,863 Total Real Estate Operations segment 1,376,800 1,086,662 1,092,094 Strategic capital: Americas 14,215 42,042 18,785 Europe 86,725 57,266 41,263 Asia 21,004 24,067 30,145 Total Strategic Capital segment 121,944 123,375 90,193 Total segment net operating income 1,498,744 1,210,037 1,182,287 Reconciling items: General and administrative expenses (238,199 ) (247,768 ) (229,207 ) Depreciation and amortization expenses (880,373 ) (642,461 ) (648,668 ) Earnings from unconsolidated entities, net 159,262 134,288 97,220 Interest expense (301,363 ) (308,885 ) (379,327 ) Interest and other income, net 25,484 25,768 26,948 Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net 758,887 725,790 597,656 Foreign currency and derivative gains (losses) and related amortization, net 12,466 (17,841 ) (33,633 ) Losses on early extinguishment of debt, net (86,303 ) (165,300 ) (277,014 ) Total reconciling items (550,139 ) (496,409 ) (846,025 ) Earnings before income taxes $ 948,605 $ 713,628 $ 336,262 December 31, 2015 2014 Assets (2): Real estate operations: Americas $ 22,949,838 $ 17,432,909 Europe 1,291,991 1,820,529 Asia 1,157,401 926,645 Total Real Estate Operations segment 25,399,230 20,180,083 Strategic capital (3): Americas 19,363 20,635 Europe 49,960 54,577 Asia 2,005 2,718 Total Strategic Capital segment 71,328 77,930 Total segment assets 25,470,558 20,258,013 Reconciling items: Investments in and advances to unconsolidated entities 4,755,620 4,824,724 Assets held for sale or contribution 378,423 43,934 Notes receivable backed by real estate 235,050 - Cash and cash equivalents 264,080 350,692 Other assets 291,036 297,638 Total reconciling items 5,924,209 5,516,988 Total assets $ 31,394,767 $ 25,775,001 (1) Includes revenues attributable to the United States for the years ended December 31, 2015, 2014 and 2013 of $1.9 billion, $1.4 billion and $1.1 billion, respectively. (2) Includes long-lived assets attributable to the United States at December 31, 2015, and 2014 of $23.2 billion and $17.3 billion, respectively. (3) Represents management contracts and goodwill recorded in connection with business combinations associated with the Strategic Capital segment. Goodwill was $25.3 million at December 31, 2015, and 2014. |
Supplemental Cash Flow Informat
Supplemental Cash Flow Information | 12 Months Ended |
Dec. 31, 2015 | |
Supplemental Cash Flow Elements [Abstract] | |
Supplemental Cash Flow Information | Note 19. Supplemental Cash Flow Information Significant noncash investing and financing activities for the years ended December 31, 2015, 2014 and 2013 are as follows: · See Notes 3, 9 and 12 for information related to the KTR acquisition. · In the fourth quarter of 2015, we assumed $290.7 million of secured mortgage debt in connection with the acquisition of real estate properties. Also, as partial consideration for the disposition of some properties acquired in the fourth quarter 2015, the buyer assumed debt of $170.1 million. · Common limited partnership units were issued as partial consideration for the acquisition of properties as disclosed in Note 12. · During the second quarter of 2015, we received $65.3 million of equity in certain unconsolidated entities as a portion of our proceeds from the contribution of properties to these entities. During 2013, we received $31.2 million, representing ownership interests in certain unconsolidated entities as a portion of our proceeds from the contribution of properties to these entities, excluding PELP. · We received notes backed by real estate in 2015 as disclosed in Note 7. · Holders of our exchangeable senior notes exchanged the majority of their notes into common stock of the Parent in 2015 as disclosed in Note 9. · We capitalized $22.7 million, $21.6 million and $18.8 million of equity-based compensation expense resulting from our development and leasing activities during 2015, 2014 and 2013, respectively. · As partial consideration for properties we contributed to FIBRA Prologis and the conclusion of an unconsolidated co-investment venture during the second quarter of 2014, we received equity valued at $609.7 million and FIBRA Prologis assumed $345.1 million of secured debt. See Note 4 for additional information about this transaction. In 2013, as partial consideration for contributions and dispositions, the buyers assumed debt of $194.9 million. · As partial consideration for properties we contributed to PELP during the first quarter of 2013, we received equity initially valued at $1.3 billion, representing our 50% ownership interest, and PELP assumed $353.2 million of secured mortgage debt. · See Note 3 for information related to acquisitions of controlling interests in our unconsolidated co-investment ventures in 2014 and 2013. |
Selected Quarterly Financial Da
Selected Quarterly Financial Data (Unaudited) | 12 Months Ended |
Dec. 31, 2015 | |
Quarterly Financial Information Disclosure [Abstract] | |
Selected Quarterly Financial Data (Unaudited) | Note 20. Selected Quarterly Financial Data (Unaudited) The following table details our selected quarterly data (in thousands, except per share and unit data): Three Months Ended, Prologis, Inc. March 31, June 30, September 30, December 31, 2015: Total revenues $ 462,847 $ 510,404 $ 580,622 $ 643,201 Operating income $ 83,881 $ 87,348 $ 103,392 $ 105,551 Consolidated net earnings $ 351,312 $ 140,260 $ 307,186 $ 126,757 Net earnings attributable to common stockholders $ 345,206 $ 140,240 $ 258,979 $ 118,363 Net earnings per share attributable to common stockholders – Basic (1) $ 0.67 $ 0.27 $ 0.49 $ 0.23 Net earnings per share attributable to common stockholders – Diluted (1) (2) $ 0.65 $ 0.27 $ 0.49 $ 0.23 2014: Total revenues $ 434,682 $ 460,089 $ 415,151 $ 450,865 Operating income $ 71,466 $ 95,274 $ 78,112 $ 74,956 Consolidated net earnings $ 12,003 $ 152,430 $ 147,127 $ 427,724 Net earnings attributable to common stockholders $ 4,666 $ 72,715 $ 136,245 $ 408,609 Net earnings per share attributable to common stockholders – Basic (1) $ 0.01 $ 0.15 $ 0.27 $ 0.82 Net earnings per share attributable to common stockholders – Diluted (1) (2) $ 0.01 $ 0.13 $ 0.23 $ 0.81 Prologis, L.P. 2015: Total revenues $ 462,847 $ 510,404 $ 580,622 $ 643,201 Operating income $ 83,881 $ 87,348 $ 103,392 $ 105,551 Consolidated net earnings $ 351,312 $ 140,260 $ 307,186 $ 126,757 Net earnings attributable to common unitholders $ 346,488 $ 141,538 $ 262,155 $ 123,733 Net earnings per unit attributable to common unitholders – Basic (1) $ 0.67 $ 0.27 $ 0.49 $ 0.23 Net earnings per unit attributable to common unitholders – Diluted (1) (2) $ 0.65 $ 0.27 $ 0.49 $ 0.23 2014: Total revenues $ 434,682 $ 460,089 $ 415,151 $ 450,865 Operating income $ 71,466 $ 95,274 $ 78,112 $ 74,956 Consolidated net earnings $ 12,003 $ 152,430 $ 147,127 $ 427,724 Net earnings attributable to common unitholders $ 4,683 $ 72,973 $ 136,738 $ 410,042 Net earnings per unit attributable to common unitholders – Basic (1) $ 0.01 $ 0.15 $ 0.27 $ 0.82 Net earnings per unit attributable to common unitholders – Diluted (1) (2) $ 0.01 $ 0.13 $ 0.23 $ 0.81 (1) Quarterly earnings per common share or unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common shares or units outstanding included in the calculation of basic and diluted shares or units. (2) Income allocated to the exchangeable Operating Partnership units not held by the Parent has been included in the numerator and exchangeable Operating Partnership units have been included in the denominator for the purpose of computing diluted earnings per share for all periods since the per share and unit is the same. |
Real Estate and Accumulated Dep
Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2015 | |
Real Estate And Accumulated Depreciation Disclosure [Abstract] | |
Real Estate and Accumulated Depreciation | PROLOGIS, INC. AND PROLOGIS, L.P. SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2015 (In thousands of U.S. dollars, as applicable) Initial Cost to Prologis Costs Capitalized Gross Amounts at Which Carried at December 31, 2015 Description No. of Bldgs. Encum- brances Land Building & Improvements Subsequent to Acquisition Land Building & Improvements Total (a,b) Accumulated Depreciation (c) Date of Construction/ Acquisition Industrial Operating Properties (d) North American Markets United States: Atlanta, Georgia Atlanta Airport Distribution Center 4 (d) 4,759 13,591 958 4,759 14,549 19,308 (696 ) 2014, 2015 Atlanta NE at Sugarloaf 1 620 2,499 37 620 2,536 3,156 (115 ) 2014 Atlanta NE Distribution Center 8 (d) 5,582 3,047 30,949 6,276 33,302 39,578 (19,045 ) 1996, 1997 Atlanta South Business Park 9 5,353 28,895 3,526 5,353 32,421 37,774 (5,398 ) 2011 Atlanta West Distribution Center 9 (d) 14,335 48,290 10,362 14,335 58,652 72,987 (13,248 ) 1994, 2006, 2012, 2015 Berkeley Lake Distribution Center 1 (d) 2,046 8,712 1,204 2,046 9,916 11,962 (2,331 ) 2006 Breckenridge Distribution Center 1 (d) 1,645 6,627 32 1,645 6,659 8,304 (303 ) 2014 Buford Distribution Center 2 2,659 8,847 5,984 2,659 14,831 17,490 (1,628 ) 2007, 2015 Carter-Pacific Business Center 3 (d) 1,484 5,965 148 1,484 6,113 7,597 (381 ) 2014 Cobb Place Distribution Center 2 2,970 12,702 342 2,970 13,044 16,014 (1,914 ) 2012 Douglas Hill Distribution Center 4 11,599 46,826 4,383 11,677 51,131 62,808 (17,388 ) 2005 Hartsfield East Distribution Center 1 697 6,466 327 697 6,793 7,490 (910 ) 2011 Horizon Distribution Center 2 (d) 7,364 36,015 1,545 7,364 37,560 44,924 (3,582 ) 2006, 2015 Midland Distribution Center 1 1,919 7,679 1,521 1,919 9,200 11,119 (3,031 ) 2006 Northeast Industrial Center 2 2,821 12,176 1,687 2,821 13,863 16,684 (2,206 ) 2012 Northmont Industrial Center 1 566 3,209 1,709 566 4,918 5,484 (3,430 ) 1994 Olympic Industrial Center 2 (d) 2,156 8,941 72 2,156 9,013 11,169 (592 ) 2014 Park I-75 South 2 (d) 11,393 18,808 35,394 11,406 54,189 65,595 (2,969 ) 2013, 2015 Park I-85 4 6,391 11,585 25,946 6,391 37,531 43,922 (243 ) 2015 Peachtree Corners Business Center 5 (d) 5,750 20,670 3,376 5,750 24,046 29,796 (5,473 ) 1994, 2015 Piedmont Ct. Distribution Center 2 885 5,013 4,181 885 9,194 10,079 (6,085 ) 1997 Riverside Distribution Center (ATL) 4 3,306 16,600 4,422 3,329 20,999 24,328 (10,463 ) 1999, 2014 Royal 85 Industrial Center 3 3,306 16,859 224 3,306 17,083 20,389 (407 ) 2015 Savannah Logistics Center 2 (d) 5,114 46,844 3 5,114 46,847 51,961 (1,019 ) 2015 Southfield-KRDC Industrial SG 1 1,551 8,621 491 1,551 9,112 10,663 (2,200 ) 2011 Southside Distribution Center 1 1,186 2,859 589 1,186 3,448 4,634 (768 ) 2011 Suwanee Creek Distribution Center 2 1,045 4,201 263 1,045 4,464 5,509 (612 ) 2010, 2013 Tradeport Distribution Center 3 (d) 1,464 4,563 9,595 1,479 14,143 15,622 (8,348 ) 1994, 1996 Weaver Distribution Center 2 935 5,182 2,439 935 7,621 8,556 (5,488 ) 1995 Westfork Industrial Center 5 (d) 6,795 23,292 556 6,796 23,847 30,643 (3,440 ) 1995, 2015 Westgate Industrial Center 1 1,277 5,620 234 1,277 5,854 7,131 (1,035 ) 2012 Atlanta, Georgia 90 118,973 451,204 152,499 119,797 602,879 722,676 (124,748 ) Austin, Texas Corridor Park Corporate Center 4 (d) 4,579 18,358 504 4,579 18,862 23,441 (816 ) 2014 MET 4-12 LTD 1 4,300 20,456 294 4,300 20,750 25,050 (3,425 ) 2011 MET PHASE 1 95 LTD 4 5,593 17,211 1,415 5,593 18,626 24,219 (3,222 ) 2011 Montopolis Distribution Center 1 580 3,384 2,607 580 5,991 6,571 (4,570 ) 1994 Riverside Distribution Center (AUS) 1 1,849 7,195 - 1,849 7,195 9,044 (166 ) 2015 Southpark Corporate Center 3 1,470 5,834 4 1,470 5,838 7,308 (258 ) 2014 Walnut Creek Corporate Center 17 (d) 11,152 46,510 1,299 11,206 47,755 58,961 (5,247 ) 1994, 2014 Austin, Texas 31 29,523 118,948 6,123 29,577 125,017 154,594 (17,704 ) Baltimore/Washington DC 1901 Park 100 Drive 1 (d) 2,409 7,227 1,178 2,409 8,405 10,814 (2,961 ) 2006 Airport Commons Distribution Center 2 (d) 2,320 - 10,573 2,360 10,533 12,893 (5,064 ) 1997 Beltway Distribution 1 9,211 33,922 508 9,211 34,430 43,641 (5,765 ) 2011 BWI Cargo Center E 1 - 10,725 115 - 10,840 10,840 (5,887 ) 2011 Corcorde Industrial Center 4 (d) 1,538 8,717 5,038 1,538 13,755 15,293 (9,380 ) 1995 Corridor Industrial Center 1 1,921 7,224 23 1,921 7,247 9,168 (1,249 ) 2011 Crysen Industrial Center 1 2,285 6,267 488 2,285 6,755 9,040 (1,307 ) 2011 Gateway Business Center 10 30,263 25,117 38,117 30,612 62,885 93,497 (2,921 ) 2012, 2014 Gateway Distribution Center 3 2,523 5,715 4,862 3,163 9,937 13,100 (2,886 ) 1998, 2012 Granite Hill Distribution Center 2 2,959 9,344 74 2,959 9,418 12,377 (1,991 ) 2011 Greenwood Industrial 3 6,828 24,253 2,451 6,828 26,704 33,532 (4,360 ) 2011 Hampton Central Distribution Center 3 (d) 8,928 26,787 788 8,928 27,575 36,503 (1,192 ) 2014 IAD Cargo Center 5 1 - 43,060 75 - 43,135 43,135 (32,308 ) 2011 Meadowridge Distribution Center 3 (d) 7,827 18,076 8,140 7,972 26,071 34,043 (3,967 ) 1998, 2014 Meadowridge Industrial 3 4,845 20,576 4,161 4,845 24,737 29,582 (3,782 ) 2011 Patuxent Range Road 2 2,281 9,638 1,589 2,281 11,227 13,508 (1,974 ) 2011 Preston Court 1 2,326 10,146 331 2,326 10,477 12,803 (1,772 ) 2011 ProLogis Park - Dulles 7 (d) 16,703 35,291 613 16,703 35,904 52,607 (3,513 ) 2012, 2014 Troy Hill Distribution Center 3 (d) 9,179 30,415 189 9,179 30,604 39,783 (2,408 ) 2012, 2014 White Marsh Distribution Center 1 (d) 4,714 8,609 - 4,714 8,609 13,323 (51 ) 2015 Baltimore/Washington DC 53 119,060 341,109 79,313 120,234 419,248 539,482 (94,738 ) PROLOGIS, INC. AND PROLOGIS, L.P. SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2015 (In thousands of U.S. dollars, as applicable) Initial Cost to Prologis Costs Capitalized Gross Amounts at Which Carried at December 31, 2015 Description No. of Bldgs. Encum- brances Land Building & Improvements Subsequent to Acquisition Land Building & Improvements Total (a,b) Accumulated Depreciation (c) Date of Construction/ Acquisition Boston, Massachusetts Windsor Distribution Center 1 15,368 75,426 5,828 15,368 81,254 96,622 (1,221 ) 2015 Boston, Massachusetts 1 15,368 75,426 5,828 15,368 81,254 96,622 (1,221 ) Central and Eastern Pennsylvania Carlisle Distribution Center 8 78,652 328,514 6,805 78,652 335,319 413,971 (26,840 ) 2012, 2013, 2015 Chambersburg Distribution Center 1 4,188 17,796 138 4,188 17,934 22,122 (1,598 ) 2013 Harrisburg Distribution Center 6 30,801 122,169 3,358 30,801 125,527 156,328 (13,480 ) 2004, 2013, 2015 Harrisburg Industrial Center 1 782 6,190 1,741 782 7,931 8,713 (3,494 ) 2002 I-78 Distribution Center 1 13,030 30,007 419 13,030 30,426 43,456 (4,708 ) 2011 I-81 Distribution Center 1 1,822 21,583 377 1,822 21,960 23,782 (3,317 ) 2011 Kraft Distribution Center 1 (d) 7,450 22,457 20 7,450 22,477 29,927 (1,027 ) 2014 Lehigh Valley Distribution Center 8 (d) 26,795 88,519 24,824 26,875 113,263 140,138 (12,280 ) 2004, 2010, 2013, 2014 Northport Industrial Center 1 (d) 12,282 37,910 - 12,282 37,910 50,192 (1,751 ) 2014 Park 33 Distribution Center 2 28,947 47,081 41,255 31,231 86,052 117,283 (9,063 ) 2007, 2014 PHL Cargo Center C2 1 - 11,966 56 - 12,022 12,022 (5,536 ) 2011 Quakertown Distribution Center 1 6,966 - 27,488 6,966 27,488 34,454 (6,668 ) 2006 Central and Eastern Pennsylvania 32 211,715 734,192 106,481 214,079 838,309 1,052,388 (89,762 ) Central Valley, California Arch Road Logistics Center 2 (d) 9,492 38,060 2,310 9,492 40,370 49,862 (7,210 ) 2010 Central Valley Distribution Center 3 (d) 5,339 31,007 832 5,339 31,839 37,178 (1,504 ) 2014 Central Valley Industrial Center 5 (d) 14,110 64,141 8,861 14,560 72,552 87,112 (28,553 ) 1999, 2002, 2005, 2014 Chabot Commerce Center 2 5,222 13,697 7,708 5,222 21,405 26,627 (4,797 ) 2011 Duck Creek Distribution Center 1 6,690 37,858 - 6,690 37,858 44,548 (1,668 ) 2014 Manteca Distribution Center 1 9,280 27,840 598 9,480 28,238 37,718 (9,704 ) 2005 Patterson Pass Business Center 4 10,004 27,640 7,413 10,017 35,040 45,057 (5,349 ) 2007, 2012, 2014 Tracy Distribution Center 1 (d) 2,056 11,789 1,665 2,056 13,454 15,510 (528 ) 2014 Tracy II Distribution Center 5 23,905 32,080 152,263 29,246 179,002 208,248 (25,323 ) 2007, 2009, 2012, 2013 Central Valley California 24 86,098 284,112 181,650 92,102 459,758 551,860 (84,636 ) Charlotte, North Carolina Charlotte Distribution Center 11 (d) 6,596 8,206 29,277 8,114 35,965 44,079 (16,925 ) 1995, 1996, 1997, 1998, 2014 Northpark Distribution Center 2 (d) 1,183 6,707 3,020 1,184 9,726 10,910 (6,664 ) 1994, 1998 West Pointe Business Center 5 (d) 12,138 39,809 10,194 12,138 50,003 62,141 (6,681 ) 2006, 2012, 2014 Charlotte, North Carolina 18 19,917 54,722 42,491 21,436 95,694 117,130 (30,270 ) Chicago, Illinois Addison Business Center 1 1,293 2,907 515 1,293 3,422 4,715 (661 ) 2011 Addison Distribution Center 2 2,594 11,779 2,142 2,594 13,921 16,515 (3,442 ) 1997, 2015 Alsip Distribution Center 2 6,311 18,719 9,489 6,619 27,900 34,519 (13,004 ) 1997, 2015 Alsip Industrial Center 1 1,422 2,336 47 1,422 2,383 3,805 (864 ) 2011 Arlington Heights Distribution Center 2 5,263 10,361 2,568 5,264 12,928 18,192 (2,072 ) 2006, 2015 Aurora Distribution Center 6 9,921 53,571 108 9,921 53,679 63,600 (1,790 ) 2015 Bedford Park Distribution Center 2 (d) 3,014 9,271 293 3,014 9,564 12,578 (261 ) 2015 Bensenville Distribution Center 1 926 3,842 6,370 940 10,198 11,138 (7,487 ) 1997 Bensenville Industrial Park 14 (d) 43,455 111,007 7,923 43,455 118,930 162,385 (19,777 ) 2011, 2015 Bloomingdale 100 Business Center 4 (d) 6,563 26,145 1,447 6,563 27,592 34,155 (1,173 ) 2014 Bolingbrook Distribution Center 14 (d) 42,742 169,183 23,549 42,742 192,732 235,474 (32,692 ) 1999, 2006, 2014, 2015 Bridgeview Distribution Center 4 (d) 1,662 6,882 68 1,662 6,950 8,612 (483 ) 2014 Bridgeview Industrial Center 1 1,380 3,404 949 1,488 4,245 5,733 (808 ) 2011 Chicago Industrial Center Portfolio 1 1,330 2,876 422 1,330 3,298 4,628 (755 ) 2011 Cicero Distribution Center 1 3,789 5,819 54 3,789 5,873 9,662 (285 ) 2015 Des Plaines Distribution Center 5 8,956 22,446 7,278 8,957 29,723 38,680 (13,690 ) 1995, 1996, 2015 Elgin Distribution Center 1 2,480 6,422 446 2,480 6,868 9,348 (132 ) 2015 Elk Grove Distribution Center 19 (d) 39,769 90,757 50,195 39,769 140,952 180,721 (50,797 ) 1995, 1996, 1997, 1999, 2006, 2009, 2015 Elk Grove Du Page 21 (d) 14,830 64,408 11,952 14,830 76,360 91,190 (12,881 ) 2012 Elk Grove Village SG 5 5,856 11,049 1,163 5,856 12,212 18,068 (2,791 ) 2011 Elmhurst Distribution Center 2 2,575 7,306 1,314 2,576 8,619 11,195 (3,597 ) 1997, 2015 Executive Drive 1 1,371 6,430 684 1,371 7,114 8,485 (1,182 ) 2011 Franklin Park Distribution Center 3 22,998 49,906 23 22,998 49,929 72,927 (975 ) 2015 Glendale Heights Distribution Center 5 (d) 8,381 39,047 5,055 8,381 44,102 52,483 (15,761 ) 1999, 2015 Grand Rapids Distribution Center 1 (d) 839 1,516 7 839 1,523 2,362 (30 ) 2015 Gurnee Distribution Center 4 4,650 14,958 338 4,650 15,296 19,946 (694 ) 2014, 2015 Hintz Building 1 354 1,970 127 354 2,097 2,451 (381 ) 2011 I-294 Distribution Center 3 (d) 7,922 32,743 223 7,922 32,966 40,888 (3,158 ) 2012, 2014 I-55 Distribution Center 2 (d) 5,383 25,504 35,697 11,786 54,798 66,584 (16,669 ) 2007 Itasca Distribution Center 2 (d) 1,522 7,119 1,915 1,522 9,034 10,556 (2,456 ) 1996, 2014 Itasca Industrial Center Portfolio 2 1,713 3,812 246 1,713 4,058 5,771 (781 ) 2011 Kehoe Industrial Center 2 2,975 7,876 450 2,975 8,326 11,301 (710 ) 2011, 2015 Kennicott Park Distribution Center 1 811 2,996 7 811 3,003 3,814 (85 ) 2015 PROLOGIS, INC. AND PROLOGIS, L.P. SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2015 (In thousands of U.S. dollars, as applicable) Initial Cost to Prologis Costs Capitalized Gross Amounts at Which Carried at December 31, 2015 Description No. of Bldgs. Encum- brances Land Building & Improvements Subsequent to Acquisition Land Building & Improvements Total (a,b) Accumulated Depreciation (c) Date of Construction/ Acquisition Kenosha Distribution Center 2 14,484 117,728 23 14,484 117,751 132,235 (1,952 ) 2015 Lake Zurich Distribution Center 1 1,913 8,107 - 1,913 8,107 10,020 (156 ) 2015 McCook Distribution Center 1 1,968 6,784 237 1,968 7,021 8,989 (122 ) 2015 Melrose Park Distribution Ctr. 3 12,201 37,144 543 12,201 37,687 49,888 (2,586 ) 2011, 2015 Minooka Distribution Center 3 (d) 18,420 67,250 18,225 19,404 84,491 103,895 (20,027 ) 2005, 2008, 2014 Mitchell Distribution Center 1 1,236 7,004 3,842 1,236 10,846 12,082 (7,438 ) 1996 Mount Pleasant Distribution Center 1 2,876 8,171 20 2,876 8,191 11,067 (152 ) 2015 NDP - Chicago 1 461 1,362 40 461 1,402 1,863 (239 ) 2011 Nicholas Logistics Center 1 2,354 10,799 52 2,354 10,851 13,205 (2,238 ) 2011 Northbrook Distribution Center 1 2,056 8,227 3,891 2,056 12,118 14,174 (2,787 ) 2007 Northlake Distribution Center 2 5,387 15,674 816 5,387 16,490 21,877 (2,391 ) 1996, 2015 OHare Industrial Center Portfolio 5 3,455 8,724 211 3,455 8,935 12,390 (1,963 ) 2011 Palatine Distribution Center 1 497 2,723 9 497 2,732 3,229 (80 ) 2015 Pleasant Prairie Distribution Center 2 3,293 16,321 2,352 3,293 18,673 21,966 (6,044 ) 1999, 2015 Remington Lakes Distribution 1 2,382 11,657 654 2,382 12,311 14,693 (1,792 ) 2011 Romeoville Distribution Center 8 (d) 31,257 121,385 11,020 31,257 132,405 163,662 (35,961 ) 1999, 2005, 2015 S.C. Johnson & Son 1 2,267 15,911 1,552 3,152 16,578 19,730 (3,714 ) 2008 Shiller Park Distribution Center 17 17,339 33,001 485 17,339 33,486 50,825 (859 ) 2015 Touhy Cargo Terminal 1 2,697 8,909 - 2,697 8,909 11,606 (1,240 ) 2011 Tower Distribution Center 1 2,050 1,279 1 2,050 1,280 3,330 (16 ) 2015 Waukegan Distribution Center 2 4,368 17,632 1,095 4,368 18,727 23,095 (5,931 ) 2007 West Chicago Distribution Center 2 3,125 12,764 4,052 3,125 16,816 19,941 (5,491 ) 2005, 2015 Willowbrook Distribution Center 1 (d) 855 3,134 2 855 3,136 3,991 (154 ) 2015 Windsor Court 1 635 3,493 214 635 3,707 4,342 (721 ) 2011 Wood Dale Industrial SG 5 4,343 10,174 923 4,343 11,097 15,440 (2,054 ) 2011 Woodale Distribution Center 1 263 1,490 574 263 2,064 2,327 (1,385 ) 1997 Woodridge Distribution Center 15 (d) 49,943 215,504 23,807 53,310 235,944 289,254 (74,110 ) 2005, 2007, 2015 Yohan Industrial 3 4,219 12,306 1,291 4,219 13,597 17,816 (2,344 ) 2011 Chicago, Illinois 220 461,394 1,619,024 248,995 473,466 1,855,947 2,329,413 (396,271 ) Cincinnati, Ohio Airpark Distribution Center 4 (d) 5,851 21,846 14,658 6,831 35,524 42,355 (9,082 ) 1996, 2012, 2014 DAY Cargo Center 5 - 4,749 601 - 5,350 5,350 (1,931 ) 2011 Fairfield Commercial Center 1 (d) 2,526 10,110 62 2,526 10,172 12,698 (473 ) 2014 Monroe Park 1 (d) 7,222 29,606 478 7,222 30,084 37,306 (1,366 ) 2014 Mosteller Distribution Center 1 (d) 921 3,888 94 921 3,982 4,903 (203 ) 2014 Park I-275 4 (d) 15,939 61,886 3,531 15,939 65,417 81,356 (6,724 ) 2008, 2012, 2014 Sharonville Distribution Center 2 (d) 1,202 - 15,122 2,424 13,900 16,324 (6,931 ) 1997 West Chester Commercial Park I 5 9,466 38,048 2,890 9,466 40,938 50,404 (2,710 ) 2012, 2014 Cincinnati, Ohio 23 43,127 170,133 37,436 45,329 205,367 250,696 (29,420 ) Columbus, Ohio Alum Creek Distribution Center 4 (d) 4,862 37,823 639 4,862 38,462 43,324 (1,644 ) 2012, 2015 Brookham Distribution Center 2 5,964 23,858 5,093 5,965 28,950 34,915 (11,343 ) 2005 Canal Pointe Distribution Center 1 1,237 7,013 2,199 1,280 9,169 10,449 (4,968 ) 1999 Capital Park South Distribution Center 8 (d) 10,077 39,631 30,610 10,470 69,848 80,318 (21,246 ) 1996, 2012, 2014 Columbus West Industrial Center 1 427 2,407 43 427 2,450 2,877 (164 ) 2014 Corporate Park West 1 (d) 633 3,583 85 633 3,668 4,301 (175 ) 2014 Crosswinds Distribution Center 1 3,058 17,758 324 3,058 18,082 21,140 (888 ) 2014 Etna Distribution Center 2 (d) 5,840 33,734 606 5,840 34,340 40,180 (1,585 ) 2014 International Street Commercial Center 2 1,503 6,356 430 1,503 6,786 8,289 (1,020 ) 2012 South Park Distribution Center 2 (d) 3,343 15,182 3,464 3,343 18,646 21,989 (8,622 ) 1999, 2005 Westpointe Distribution Center 2 1,446 7,601 1,553 1,446 9,154 10,600 (3,881 ) 2007 Columbus, Ohio 26 38,390 194,946 45,046 38,827 239,555 278,382 (55,536 ) Dallas/Fort Worth, Texas Arlington Corp Center 4 (d) 9,380 41,744 211 9,380 41,955 51,335 (3,062 ) 2012, 2014, 2015 Dallas Corporate Center 11 (d) 6,449 5,441 35,098 6,645 40,343 46,988 (19,755 ) 1996, 1997, 1998, 1999, 2012 Dallas Industrial 12 7,180 26,514 3,287 7,180 29,801 36,981 (5,717 ) 2011 DFW Cargo Center 1 1 - 35,117 1,106 - 36,223 36,223 (6,608 ) 2011 DFW Cargo Center 2 1 - 27,916 200 - 28,116 28,116 (4,938 ) 2011 DFW Cargo Center East 3 - 19,730 333 - 20,063 20,063 (5,751 ) 2011 DFW Logistics Center 6 1 2,010 8,153 80 2,010 8,233 10,243 (157 ) 2015 Flower Mound Distribution Center 1 (d) 5,157 20,991 2,502 5,157 23,493 28,650 (7,223 ) 2007 Frankford Trade Center 4 6,882 27,530 - 6,882 27,530 34,412 (210 ) 2015 Freeport Corporate Center 6 (d) 15,965 63,935 7,948 15,872 71,976 87,848 (6,992 ) 2012, 2014 Freeport Distribution Center 4 1,393 5,549 6,065 1,440 11,567 13,007 (6,824 ) 1996, 1997, 1998 Great Southwest Corporate Center 3 4,476 18,358 418 4,476 18,776 23,252 (875 ) 2014 Great Southwest Distribution Center 26 (d) 46,214 201,866 27,360 46,214 229,226 275,440 (67,049 ) 1995, 1996, 1997, 1999, 2000, 2001, 2002, 2005, 2012, 2014, 2015 Greater Dallas Industrial Port 3 3,525 16,375 1,496 3,525 17,871 21,396 (3,289 ) 2011 Heritage Business Park 7 (d) 15,423 93,145 135 15,423 93,280 108,703 (1,911 ) 2015 Lonestar Portfolio 3 4,736 13,035 3,462 4,736 16,497 21,233 (3,345 ) 2011 PROLOGIS, INC. AND PROLOGIS, L.P. SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2015 (In thousands of U.S. dollars, as applicable) Initial Cost to Prologis Costs Capitalized Gross Amounts at Which Carried at December 31, 2015 Description No. of Bldgs. Encum- brances Land Building & Improvements Subsequent to Acquisition Land Building & Improvements Total ( a,b ) Accumulated Depreciation ( c ) Date of Construction/ Acquisition Mesquite Distribution Center 2 (d) 8,355 34,609 1,123 8,355 35,732 44,087 (3,086 ) 2012, 2014 Northgate Distribution Center 10 (d) 13,001 62,062 7,498 13,488 69,073 82,561 (21,084 ) 1999, 2005, 2008, 2012, 2014 Riverside Drive Distribution Center 1 (d) 5,107 14,919 2 5,107 14,921 20,028 (392 ) 2015 Royal Distribution Center 1 811 4,598 2,747 811 7,345 8,156 (3,118 ) 2001 Stemmons Distribution Center 1 272 1,544 1,015 272 2,559 2,831 (1,780 ) 1995 Stemmons Industrial Center 8 1,653 10,526 6,548 1,653 17,074 18,727 (11,858 ) 1994, 1995, 1996, 1999 Trinity Mills Distribution Center 1 (d) 735 3,774 1,076 735 4,850 5,585 (2,716 ) 1999 Valwood Business Center 5 (d) 4,679 19,195 1,352 4,679 20,547 25,226 (5,253 ) 2001, 2006, 2014 Valwood Distribution Center 5 (d) 4,742 20,629 1,676 4,742 22,305 27,047 (4,084 ) 1999, 2014 Valwood Industrial 2 1,802 9,658 664 1,802 10,322 12,124 (2,114 ) 2011 Watersridge Distribution Center 1 (d) 1,939 11,365 11 1,939 11,376 13,315 (237 ) 2015 Dallas/Fort Worth Texas 127 171,886 818,278 113,413 172,523 931,054 1,103,577 (199,428 ) Denver, Colorado Denver Business Center 3 3,142 13,396 828 3,142 14,224 17,366 (1,906 ) 2012 Havana Distribution Center 1 (d) 1,421 5,657 175 1,421 5,832 7,253 (371 ) 2014 Pagosa Distribution Center 1 (d) 398 2,322 1,932 398 4,254 4,652 (3,038 ) 1993 Peoria Distribution Center 2 (d) 4,129 16,593 159 4,129 16,752 20,881 (755 ) 2014 Stapleton Bus Center North 2 8,930 - 33,424 7,963 34,391 42,354 (581 ) 2014, 2015 Stapleton Business Center 12 (d) 34,634 139,257 10,237 34,635 149,493 184,128 (52,901 ) 2005 Upland Distribution Center 6 (d) 4,064 19,035 5,508 4,077 24,530 28,607 (6,316 ) 1994, 1995, 2014 Upland Distribution Center II 2 (d) 1,396 5,349 2,183 1,409 7,519 8,928 (3,110 ) 1993, 2014 Denver, Colorado 29 58,114 201,609 54,446 57,174 256,995 314,169 (68,978 ) Houston, Texas Avondale Distribution Center 1 2,231 5,044 145 2,231 5,189 7,420 (103 ) 2015 Blalock Distribution Center 3 (d) 5,032 21,983 3,273 5,031 25,257 30,288 (5,647 ) 2002, 2012 Cole Creek Distribution Center 1 3,865 22,534 150 3,865 22,684 26,549 (421 ) 2015 IAH Cargo Center 1 1 - 13,267 492 - 13,759 13,759 (1,349 ) 2012 Jersey Village Corporate Center 4 (d) 17,971 73,062 553 17,830 73,756 91,586 (7,233 ) 2012, 2014 Kempwood Business Center 4 1,746 9,894 3,626 1,746 13,520 15,266 (7,333 ) 2001 Northpark Distribution Center 12 (d) 15,015 37,139 35,246 15,015 72,385 87,400 (7,548 ) 2006, 2008, 2012, 2013, 2014 Perimeter Distribution Center 2 676 4,604 1,132 745 5,667 6,412 (3,166 ) 1999 Pine Forest Business Center 11 (d) 6,042 27,639 9,156 6,042 36,795 42,837 (16,967 ) 1993, 1995, 2014 Pine North Distribution Center 2 847 4,800 1,297 847 6,097 6,944 (3,598 ) 1999 Pinemont Distribution Center 2 642 3,636 1,073 642 4,709 5,351 (2,789 ) 1999 Post Oak Business Center 11 2,334 11,655 9,950 2,334 21,605 23,939 (15,310 ) 1993, 1994, 1996 Post Oak Distribution Center 5 1,522 8,758 6,256 1,522 15,014 16,536 (11,318 ) 1993, 1994 Satsuma Station Distribution Center 1 (d) 3,088 22,389 33 3,088 22,422 25,510 (389 ) 2015 South Loop Distribution Center 2 418 1,943 2,258 418 4,201 4,619 (2,902 ) 1994 Sugarland Corporate Center 2 (d) 3,506 14,067 107 3,506 14,174 17,680 (637 ) 2014 West by Northwest Industrial Center 9 (d) 11,316 46,372 3,944 11,456 50,176 61,632 (7,242 ) 1993, 1994, 2012, 2014 White Street Distribution Center 1 469 2,656 2,504 469 5,160 5,629 (3,550 ) 1995 Wingfoot Distribution Center 2 1,976 8,606 3,462 1,976 12,068 14,044 (1,726 ) 2012, 2013 World Houston Distribution Center 1 1,529 6,326 50 1,529 6,376 7,905 (718 ) 2012 Houston, Texas 77 80,225 346,374 84,707 80,292 431,014 511,306 (99,946 ) Indianapolis, Indiana Airport Bus Center 2 (d) 1,667 6,445 128 1,667 6,573 8,240 (306 ) 2014 Airtech Park 1 (d) 7,305 29,001 54 7,305 29,055 36,360 (1,345 ) 2014 Ameriplex Industrial Center 1 3,080 31,115 44 3,080 31,159 34,239 (467 ) 2015 Eastside Distribution Center 1 228 1,187 2,224 299 3,340 3,639 (1,985 ) 1995 North by Northeast Corporate Center 1 1,058 - 9,121 1,059 9,120 10,179 (5,312 ) 1995 North Plainfield Park Distribution Center 1 (d) 8,562 34,778 18 8,562 34,796 43,358 (1,597 ) 2014 Park 100 Industrial Center 17 (d) 10,410 43,048 22,526 10,410 65,574 75,984 (25,010 ) 1995, 2012 Park 267 1 3,705 15,695 399 3,705 16,094 19,799 (703 ) 2014 Shadeland Industrial Center 3 428 2,431 3,480 429 5,910 6,339 (4,007 ) 1995 Indianapolis, Indiana 28 36,443 163,700 37,994 36,516 201,621 238,137 (40,732 ) Jacksonville, Florida JAX Cargo Center 1 - 2,892 177 - 3,069 3,069 (1,160 ) 2011 Perimeter West Distribution Center 1 1,127 5,239 43 1,127 5,282 6,409 (126 ) 2015 Jacksonville, Florida 2 1,127 8,131 220 1,127 8,351 9,478 (1,286 ) Kansas City, Kansas MCI Cargo Center 1 1 - 2,781 68 - 2,849 2,849 (1,661 ) 2011 MCI Cargo Center 2 1 - 11,630 - - 11,630 11,630 (3,270 ) 2011 Kansas City, Kansas 2 - 14,411 68 - 14,479 14,479 (4,931 ) Las Vegas, Nevada Arrowhead Commerce Center 15 (d) 30,075 82,214 869 30,075 83,083 113,158 (1,709 ) 2015 Black Mountain Distribution Center 2 1,108 - 8,038 1,206 7,940 9,146 (4,218 ) 1997 PROLOGIS, INC. AND PROLOGIS, L.P. SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2015 (In thousands of U.S. dollars, as applicable) Initial Cost to Prologis Costs Capitalized Gross Amounts at Which Carried at December 31, 2015 Description No. of Bldgs. Encum- brances Land Building & Improvements Subsequent to Acquisition Land Building & Improvements Total (a,b) Accumulated Depreciation (c) Date of Construction/ Acquisition Cameron Business Center 2 3,597 12,881 2,298 3,597 15,179 18,776 (5,862 ) 1999, 2015 Las Vegas Corporate Center 6 (d) 23,118 51,157 1,280 13,653 61,902 75,555 (1,763 ) 2014, 2015 Montessouri Distribution Center 1 1,039 2,967 - 1,039 2,967 4,006 (71 ) 2015 Pama Distribution Center 1 (d) 2,223 5,695 26 2,223 5,721 7,944 (111 ) 2015 Sunrise Industrial Park 9 21,369 92,503 3,909 21,369 96,412 117,781 (8,941 ) 2011, 2013, 2014 Valley View Distribution Center 1 2,420 258 - 2,420 258 2,678 (74 ) 2015 Warm Springs Distribution Center 6 (d) 8,897 39,055 96 8,897 39,151 48,048 (802 ) 2015 West One Business Center 4 2,468 13,985 5,529 2,468 19,514 21,982 (12,450 ) 1996 Las Vegas, Nevada 47 96,314 300,715 22,045 86,947 332,127 419,074 (36,001 ) Louisville, Kentucky Cedar Grove Distribution Center 5 20,697 105,257 3,744 20,696 109,002 129,698 (13,455 ) 2005, 2008, 2012, 2015 Commerce Crossings Distribution Center 1 1,912 7,649 266 1,912 7,915 9,827 (2,736 ) 2005 I-65 Meyer Distribution Center 3 9,557 32,334 25,091 9,864 57,118 66,982 (9,527 ) 2006, 2012, 2015 New Cut Road Distribution Center 1 2,711 11,694 628 2,711 12,322 15,033 (1,903 ) 2012 River Ridge Distribution Center 1 8,102 69,329 19 8,102 69,348 77,450 (1,168 ) 2015 Riverport Distribution Center 1 1,515 8,585 5,182 1,817 13,465 15,282 (5,717 ) 1999 Louisville, Kentucky 12 44,494 234,848 34,930 45,102 269,170 314,272 (34,506 ) Memphis, Tennessee Delp Distribution Center 3 1,068 10,546 894 1,068 11,440 12,508 (7,828 ) 1995 DeSoto Distribution Center 3 (d) 7,225 4,136 35,506 6,778 40,089 46,867 (7,396 ) 2007, 2014 Memphis Industrial Park 2 3,252 14,448 1,546 3,252 15,994 19,246 (2,310 ) 2012 Olive Branch Distribution Center 1 6,719 31,134 400 6,719 31,534 38,253 (5,230 ) 2012 Willow Lake Distribution Center 1 613 3,474 93 613 3,567 4,180 (2,186 ) 1999 Memphis, Tennessee 10 18,877 63,738 38,439 18,430 102,624 121,054 (24,950 ) Nashville, Tennessee CentrePointe Distribution Center 2 (d) 3,760 15,042 712 3,760 15,754 19,514 (1,041 ) 2013 Elam Farms Park 1 2,097 8,386 1,918 2,097 10,304 12,401 (1,145 ) 2013 I-40 Industrial Center 4 3,075 15,333 4,517 3,075 19,850 22,925 (8,123 ) 1995, 1996, 1999, 2012 Interchange City Distribution Center 11 (d) 11,460 49,472 4,398 11,460 53,870 65,330 (4,537 ) 1999, 2012, 2014 Nashville North Distribution Center 4 (d) 6,194 44,587 129 6,194 44,716 50,910 (1,015 ) 2015 Southpark Distribution Center 4 (d) 11,834 47,336 1,168 11,834 48,504 60,338 (3,300 ) 2013 Nashville, Tennessee 26 38,420 180,156 12,842 38,420 192,998 231,418 (19,161 ) New Jersey/New York Brunswick Distribution Center 2 870 4,928 2,955 870 7,883 8,753 (5,353 ) 1997 Carteret Distribution Center 3 39,148 109,078 75 39,148 109,153 148,301 (2,353 ) 2015 CenterPoint Distribution Center 1 2,839 12,490 1,753 2,839 14,243 17,082 (2,498 ) 2012 Chester Distribution Center 1 548 5,319 345 548 5,664 6,212 (4,364 ) 2002 Clifton Distribution Center 1 8,064 12,096 1,333 8,064 13,429 21,493 (2,565 ) 2010 Cranbury Business Park 8 (d) 43,056 91,129 2,598 43,056 93,727 136,783 (9,158 ) 2012, 2014 Dellamor 7 6,710 35,478 2,593 6,710 38,071 44,781 (7,734 ) 2011 Docks Corner SG (Phase II) 1 16,232 19,264 5,728 16,232 24,992 41,224 (7,747 ) 2011 Exit 10 Distribution Center 9 (d) 66,230 207,555 12,347 66,230 219,902 286,132 (49,910 ) 2005, 2010, 2015 Exit 7 Distribution Center 2 (d) 35,728 117,157 12 35,728 117,169 152,897 (1,980 ) 2015 Exit 8A Distribution Center 2 (d) 21,164 85,257 3,804 21,164 89,061 110,225 (17,184 ) 2005, 2014 Franklin Commercial Center 1 9,304 23,768 81 9,304 23,849 33,153 (3,384 ) 2011 Gourmet Lane Distribution Center 1 13,099 25,814 - 13,099 25,814 38,913 (153 ) 2015 Highway 17 55 Madis 1 2,937 13,477 1,115 2,937 14,592 17,529 (2,857 ) 2011 Interstate Distribution Center 3 (d) 30,188 76,705 299 30,188 77,004 107,192 (1,407 ) 2015 JFK Cargo Center 75_77 2 - 35,916 3,773 - 39,689 39,689 (17,488 ) 2011 Kilmer Distribution Center 4 (d) 2,526 14,313 4,239 2,526 18,552 21,078 (12,166 ) 1996 Liberty Log Center 1 3,273 24,029 245 3,273 24,274 27,547 (3,114 ) 2011 Linden Industrial 2 (d) 18,652 35,297 579 18,652 35,876 54,528 (1,581 ) 2011, 2015 Lister Distribution Center 1 16,855 26,004 158 16,855 26,162 43,017 - 2015 Mahwah Corporate Center 4 12,695 27,342 938 12,695 28,280 40,975 (4,934 ) 2011 Maspeth Distribution Center 1 (d) 23,784 8,516 - 23,784 8,516 32,300 (49 ) 2015 Meadow Lane 1 1,036 6,388 1 1,036 6,389 7,425 (1,250 ) 2011 Meadowland Distribution Center 6 (d) 26,379 83,224 5,352 26,379 88,576 114,955 (22,259 ) 2005, 2015 Meadowland Industrial Center 7 (d) 4,190 13,469 20,399 4,190 33,868 38,058 (20,951 ) 1996, 1998 Meadowlands ALFII 3 3,972 18,895 3,303 3,972 22,198 26,170 (3,778 ) 2011 Meadowlands Park 8 6,898 41,471 1,749 6,898 43,220 50,118 (8,474 ) 2011 Mooncreek Distribution Center 1 3,319 13,422 15 3,319 13,437 16,756 (2,849 ) 2011 Murray Hill Parkway 2 2,907 12,040 280 2,907 12,320 15,227 (2,168 ) 2011 National Distribution Center 2 (d) 2,417 3,918 168 2,417 4,086 6,503 (281 ) 2014 Newark Airport I and II 3 19,379 16,940 649 19,379 17,589 36,968 (1,536 ) 2011, 2015 Orchard Hill 1 678 3,756 21 678 3,777 4,455 (791 ) 2011 Pennsauken Distribution Center 2 192 959 557 203 1,505 1,708 (889 ) 1999 Perth Amboy Corporate Park 2 (d) 54,701 86,705 201 54,701 86,906 141,607 (712 ) 2015 Port Reading Business Park 10 (d) 211,931 256,740 123,590 209,055 383,206 592,261 (16,514 ) 2005, 2014, 2015 Ports Jersey City Distribution Center 1 34,133 - 60,963 34,401 60,695 95,096 (2,480 ) 2014 Portview Commerce Center 3 (d) 9,577 21,581 19,111 9,797 40,472 50,269 (4,199 ) 2011, 2012 Secaucus Distribution Center 2 (d) 9,603 - 26,889 9,603 26,889 36,492 (2,258 ) 2012 Skyland Crossdock 1 - 9,831 1,292 - 11,123 11,123 (2,421 ) 2011 PROLOGIS, INC. AND PROLOGIS, L.P. SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 2015 (In thousands of U.S. dollars, as applicable) Initial Cost to Prologis Costs Capitalized Gross Amounts at Which Carried at December 31, 2015 Description No. of Bldgs. Encum- brances Land Building & Improvements Subsequent to Acquisition Land Building & Improvements Total (a,b) Accumulated Depreciation (c) Date of Construction/ Acquisition South Jersey Distribution Center 1 6,912 17,437 204 6,912 17,641 24,553 (1,619 ) 2013 Teterboro Meadowlands 15 2 18,169 34,604 46 18,169 34,650 52,819 (4,308 ) 2011, 2015 Two South Middlesex 1 4,389 8,410 460 4,389 8,870 13,259 (1,966 ) 2011 New Jersey/New York 117 794,684 1,660,722 310,220 792,307 1,973,319 2,765,626 (259,682 ) Norfolk, Virginia Chesapeake Distribution Center 1 2,335 9,665 25 2,335 9,690 12,025 (416 ) 2014 Norfolk, Virginia 1 2,335 9,665 25 2,335 9,690 12,025 (416 ) Orlando, Florida Beltway Commerce Center 3 17,082 25,526 7,111 17,082 32,637 49,719 (5,621 ) 2008 Chancellor Distribution Center 1 380 2,157 2,596 380 4,753 5,133 (3,160 ) 1994 Chancellor Square 3 2,087 9,708 2,835 2,087 12,543 14,630 (2,248 ) 2011 Consulate Distribution Center 5 6,105 31,550 2,580 6,105 34,130 40,235 (14,919 ) 1999, 2014 Crowne Pointe Park 1 3,888 7,497 43 3,888 7,540 11,428 (165 ) 2015 Davenport Distribution Center 1 934 3,991 102 934 4,093 5,027 (602 ) 2012 Lake Mary Logistics Center 1 1,374 5,101 40 1,374 5,141 6,515 (104 ) 2015 Orlando Central Park 1 1,398 5,977 403 1,398 6,380 7,778 (1,072 ) 2012 Orlando Corporate Center 6 (d) 8,061 33,030 1,410 8,061 34,440 42,501 (1,613 ) 2014 Presidents Drive 6 6,845 31,180 4,138 6,845 35,318 42,163 (7,072 ) 2011 Sand Lake Service Center 6 3,704 19,546 3,603 3,704 23,149 26,853 (4,599 ) 2011 Orlando, Florida 34 51,858 175,263 24,861 51,858 200,124 251,982 (41,175 ) Phoenix, Arizona 24th Street Industrial Center 2 503 2,852 1,991 561 4,785 5,346 (3,622 ) 1994 Alameda Distribution Center 2 3,872 14,358 3,033 3,872 17,391 21,263 (6,229 ) 2005 Brookridge Distribution Center 1 (d) 3,897 15,153 241 3,897 15,394 19,291 (733 ) 2014 Hohokam 10 Business Center 1 1,317 7,468 1,376 1,318 8,843 10,161 (4,971 ) 1999 Kyrene Commons Distribution Center 3 1,093 5,475 2,786 1,093 8,261 9,354 (5,209 ) 1992, 1998, 1999 Papago Distribution Center 3 4,828 20,017 5,007 4,829 25,023 29,852 (10,709 ) 1994, 2005 Phoenix Distribution Center 2 4,837 17,257 1,009 4,837 18,266 23,103 (1,005 ) 2012, 2015 University Dr Distribution Center 1 683 2,735 820 683 3,555 4,238 (1,156 ) 2005 Watkins Street Distribution Center 1 242 1,375 792 243 2,166 2,409 (1,410 ) 1995 Wilson Drive Distribution Center 1 1,273 5,093 935 1,273 6,028 7,301 (2,227 ) 2005 Phoenix, Arizona 17 22,545 91,783 17,990 22,606 109,712 132,318 (37,271 ) Portland, Oregon Clackamas Distribution Center 5 (d) 8,828 28,192 299 8,828 28,491 37,319 (1,858 ) 2012, 2014 PDX Cargo Center Airtrans 2 - 13,697 247 - 13,944 13,944 (3,506 ) 2011 PDX Corporate Center East 4 (d)(e) 7,126 21,303 130 7,126 21,433 28,559 (947 ) 2014 PDX Corporate Center North Phase II 4 (d)(e) 10,293 25,461 2,102 10,293 27,563 37,856 (3,271 ) 2008, 2014 Portland Northwest Corporate Park 10 13,666 40,999 26 13,666 41,025 54,691 (489 ) 2015 Southshore Corporate Center 3 (d)(e) 9,480 24,173 10,261 8,14 |
Summary of Significant Accoun30
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2015 | |
Accounting Policies [Abstract] | |
Basis of Presentation and Consolidation | Basis of Presentation and Consolidation. The accompanying Consolidated Financial Statements are prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”) and are presented in our reporting currency, the U.S. dollar. All material intercompany transactions with consolidated entities have been eliminated. We consolidate all entities that are wholly owned and those in which we own less than 100% of the equity but control, as well as any variable interest entities in which we are the primary beneficiary. We evaluate our ability to control an entity and whether the entity is a variable interest entity and we are the primary beneficiary through consideration of substantive terms of the arrangement to identify which enterprise has the power to direct the activities of the entity that most significantly impacts the entity’s economic performance and the obligation to absorb losses of the entity or the right to receive benefits from the entity. For entities that are not defined as variable interest entities, we first consider whether we are the general partner or the limited partner (or the equivalent in such investments that are not structured as partnerships). We consolidate entities in which we are the general partner and the limited partners in such entities do not have rights that would preclude control. For entities in which we are the general partner but do not control the entity as the other partners hold substantive participating or kick-out rights, we apply the equity method of accounting since as the general partner we have the ability to influence the venture. For ventures for which we are a limited partner or our investment is in an entity that is not structured similar to a partnership, we consider factors such as ownership interest, voting control, authority to make decisions, and contractual and substantive participating rights of the partners. In instances where the factors indicate that we control the venture, we consolidate the entity. |
Reclassifications | Reclassifications. Certain amounts included in the Consolidated Financial Statements for 2014 and 2013 have been reclassified to conform to the 2015 financial statement presentation. |
Use of Estimates | Use of Estimates. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenue and expenses during the reporting period. Although we believe the assumptions and estimates we made are reasonable and appropriate, as discussed in the applicable sections throughout the Consolidated Financial Statements, different assumptions and estimates could materially impact our reported results. |
Foreign Operations | Foreign Operations. The U.S. dollar is the functional currency for our consolidated subsidiaries and unconsolidated entities operating in the United States and Mexico and certain of our consolidated subsidiaries that operate as holding companies for foreign investments. The functional currency for our consolidated subsidiaries and unconsolidated entities operating in countries other than the United States and Mexico is the principal currency in which the entity’s assets, liabilities, income and expenses are denominated, which may be different from the local currency of the country of incorporation or where the entity conducts its operations. The functional currencies of our consolidated subsidiaries and unconsolidated entities generally include the Brazilian real, British pound sterling, Canadian dollar, Chinese renminbi, euro, Japanese yen and Singapore dollar. We take part in business transactions denominated in these and other local currencies where we operate. For our consolidated subsidiaries whose functional currency is not the U.S. dollar, we translate their financial statements into the U.S. dollar at the time we consolidate those subsidiaries’ financial statements. Generally, assets and liabilities are translated at the exchange rate in effect at the balance sheet date. The resulting translation adjustments are included in Accumulated Other Comprehensive Loss AOCI We and certain of our consolidated subsidiaries have intercompany and third-party debt that is not denominated in the entity’s functional currency. When the debt is remeasured against the functional currency of the entity, a gain or loss can result. The resulting adjustment is reflected in results of operations, unless it is intercompany debt that is deemed to be long-term in nature and then the adjustment is reflected as a cumulative translation adjustment in AOCI |
Business Combinations | Business Combinations. When we acquire a business or individual operating properties, we allocate the purchase price to the various components of the acquisition based on the fair value of the acquired assets and assumed liabilities, including an allocation to the individual buildings acquired. We generally acquire operating properties that meet the definition of a business and we expense transaction costs as incurred. The initial allocation of the purchase price is based on management’s preliminary assessment, which may differ when final information becomes available. Subsequent adjustments made to the initial purchase price allocation are made within the allocation period, not to exceed one year. When we obtain control of an unconsolidated entity, we account for the acquisition in accordance with the guidance for a business combination achieved in stages. We remeasure our previously held interest in the unconsolidated entity at its acquisition-date fair value and recognize the resulting gain or loss, if any, in earnings at the acquisition date. We allocate the purchase price using primarily Level 2 and Level 3 inputs (further defined in Fair Value Measurements Investments in Real Estate Properties . We value operating properties as if vacant. We estimate fair value generally by applying an income approach methodology using a discounted cash flow analysis. Key assumptions in the discounted cash flow analysis include market rents, growth rates and discount and capitalization rates. We determine discount and capitalization rates by market based on recent transactions and other market data. The fair value of land is generally based on relevant market data, such as a comparison of the subject site to similar parcels that have recently been sold or are currently being offered on the market for sale. Intangible Assets . We determine the portion of the purchase price related to intangible assets as follows: · In-Place Leases . We calculate the fair value of in place leases in each of the applicable markets. The value is recorded in and amortized over the remaining life of the respective leases to amortization expense. · Above and Below Market Leases . We recognize an asset or liability for acquired leases with favorable or unfavorable rents based on our estimate of current market rents of the applicable markets. The value is recorded in either or , as appropriate, and is amortized over the term of the respective leases, including any bargain renewal options, to rental revenue. Debt . We estimate the fair value of debt based on contractual future cash flows discounted using borrowing spreads and market interest rates that would be available to us for the issuance of debt with similar terms and remaining maturities. In the case of publicly traded debt, we estimate the fair value based on available market data. Any discount or premium to the principal amount is included in the carrying value and amortized to interest expense over the remaining term of the related debt using the effective interest method. Noncontrolling Interests . We estimate the portion of the fair value of the net assets owned by third parties based on the fair value of the consolidated net assets, principally real estate properties and debt. Working Capital . We estimate fair value of other acquired assets and assumed liabilities on the best information available. |
Fair Value Measurements | Fair Value Measurements . The objective of fair value is to determine the price that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). We estimate fair value using available market information and valuation methodologies we believe to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that we would realize on disposition. The fair value hierarchy consists of three broad levels: · Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. · Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. · Level 3 — Unobservable inputs for the asset or liability. Recurring Fair Value Measurements. We estimate the fair value of our financial instruments using available market information and valuation methodologies we believe to be appropriate for these purposes as follows: · Debt. We estimate the fair value of our senior notes and exchangeable senior notes for disclosure purposes based on quoted market prices for the same (Level 1) or similar (Level 2) issues when current quoted market prices are available. We estimate the fair value of our credit facilities, term loans, secured mortgage debt and assessment bonds by discounting the future cash flows using rates and borrowing spreads currently available to us (Level 3). · Derivatives. We determine the fair value of our derivative instruments using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, foreign exchange rates, and implied volatilities. We determine the fair values of our interest rate swaps using the market standard methodology of netting the discounted future fixed cash receipts or payments and the discounted expected variable cash payments. We base the variable cash payments on an expectation of future interest rates, or forward curves, derived from observable market interest rate curves. We base the fair values of our net investment hedges on the change in the spot rate at the end of the period as compared with the strike price at inception. We incorporate credit valuation adjustments to appropriately reflect both our nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of our derivative contracts for the effect of nonperformance risk, we consider the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees. We have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy. Although the credit valuation adjustments associated with our derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties, we assess the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and have determined that the credit valuation adjustments are not significant to the overall valuation of our derivatives. Nonrecurring Fair Value Measurements. Assets measured at fair value on a nonrecurring basis generally consist of real estate assets and investments in and advances to unconsolidated entities that were subject to impairment charges related to our change of intent to sell the investments and through our recoverability analysis discussed below. We estimate fair value based on expected sales prices in the market (Level 2). |
Long-Lived Assets | Long-Lived Assets. Real Estate Assets . Real estate assets are carried at depreciated cost. We capitalize costs incurred in developing, renovating, rehabilitating and improving real estate assets as part of the investment basis of real estate assets. We expense costs for repairs and maintenance of the real estate assets as incurred. During the land development and construction periods of qualifying projects, we capitalize interest costs, insurance, real estate taxes and general and administrative costs of the personnel performing the development, renovation, and rehabilitation; if such costs are incremental and identifiable to a specific activity to ready the asset for its intended use. We capitalize transaction costs relates to the acquisition of land for future development. We capitalize costs incurred to successfully originate a lease that result directly from and are essential to acquire that lease, including internal costs that are incremental and identifiable as leasing activities. Leasing costs that meet the requirements for capitalization are presented as a component of Other Assets We charge the depreciable portions of real estate assets to depreciation expense on a straight-line basis over the respective estimated useful lives. Depreciation commences when the asset is ready for its intended use, which we define as the earlier of stabilization (90% occupied) or one year after completion of construction. We generally use the following useful lives: 5 to 7 years for capital improvements, 10 years for standard tenant improvements, 25 years for depreciable land improvements, 30 years for operating properties acquired and 40 years for operating properties we develop. We depreciate building improvements on land parcels subject to ground leases over the shorter of the estimated building improvement life or the contractual term of the underlying ground lease. Capitalized leasing costs are amortized over the estimated remaining lease term. Our weighted average lease term based on square feet for all leases, in effect at December 31, 2015, was six years. We assess the carrying values of our respective long-lived assets, whenever events or changes in circumstances indicate that the carrying amounts of these assets may not be fully recoverable. We measure the recoverability of the real estate asset by comparison of the carrying amount of the asset to the estimated future undiscounted cash flows. If our analysis indicates that the carrying value of the real estate property that we expect to hold is not recoverable on an undiscounted cash flow basis, we recognize an impairment charge for the amount by which the carrying value exceeds the current estimated fair value of the real estate property. We estimate the future undiscounted cash flows based on our intent as follows: · for real estate properties that we intend to hold long-term; including land held for development, properties currently under development and operating buildings; recoverability is assessed based on the estimated undiscounted future net rental income from operating the property and the terminal value, including anticipated costs to develop; · for real estate properties we intend to sell, including properties currently under development and operating buildings; recoverability is assessed based on proceeds from disposition that are estimated based on future net rental income of the property, expected market capitalization rates and anticipated costs to develop; · for land parcels we intend to sell, recoverability is assessed based on estimated proceeds from disposition; and · for costs incurred related to the potential acquisition of land or development of a real estate property, recoverability is assessed based on the probability that the acquisition or development is likely to occur at the measurement date. |
Assets Held for Sale or Contribution | Assets Held for Sale or Contribution . We classify a property as held for sale or contribution when certain criteria are met, in accordance with GAAP. Assets classified as held for sale are expected to be sold to a third party and assets classified as held for contribution are newly developed assets we intend to contribute to our unconsolidated co-investment ventures or to a third party. At such time, the respective assets and liabilities are presented separately in the Consolidated Balance Sheets and depreciation is no longer recognized. Assets held for sale or contribution are reported at the lower of their carrying amount or their estimated fair value less the costs to sell the assets. |
Discontinued Operations | Discontinued Operations . Under new accounting guidance issued in 2014, only disposals of a component of an entity, or a group of components of an entity, representing a strategic shift in operations would be presented as discontinued operations. Under this guidance, none of our property dispositions qualified as discontinued operations in 2015 or 2014. However, the results of operations for real estate properties sold in 2013 or held for sale at the end of the year were shown under in the Consolidated Statements of Income following the previous accounting standard |
Investments in Unconsolidated Entities | Investments in Unconsolidated Entities . We present our investments in certain entities under the equity method. We use the equity method when we have the ability to exercise significant influence over operating and financial policies of the venture but do not have control of the entity. Under the equity method, we initially recognize these investments (including advances) in the balance sheet at our cost, including formation costs and net of deferred gains from the contribution of properties, if applicable. We subsequently adjust the accounts to reflect our proportionate share of net earnings or losses recognized and accumulated other comprehensive income or loss, distributions received, contributions made and certain other adjustments, as appropriate. When circumstances indicate there may have been a reduction in the value of an equity investment, we evaluate whether the loss in value is other than temporary. If we conclude it is other than temporary, we recognize an impairment charge to reflect the equity investment at fair value. |
Cash and Cash Equivalents | Cash and Cash Equivalents . We consider all cash on hand, demand deposits with financial institutions and short-term highly liquid investments with original maturities of three months or less to be cash equivalents. Our cash and cash equivalents are financial instruments that are exposed to concentrations of credit risk. We invest our cash with high-credit quality institutions. Cash balances may be invested in money market accounts that are not insured. We have not realized any losses in such cash investments or accounts and believe that we are not exposed to any significant credit risk. |
Derivative Financial Instruments | Derivative Financial Instruments . We may use derivative financial instruments for the purpose of managing foreign currency exchange rate and interest rate risk. We do not use derivative financial instruments for trading or speculative purposes. All of our derivative financial instruments are customized derivative transactions and are not exchange-traded. Management reviews our hedging program, derivative positions, and overall risk management strategy on a regular basis. We only enter into transactions that we believe will be highly effective at offsetting the underlying risk. Our use of derivatives involves the risk that counterparties may default on a derivative contract. We establish exposure limits for each counterparty to minimize this risk and provide counterparty diversification. Substantially all of our derivative exposures are with counterparties that have long-term credit ratings of single-A or better. We enter into master agreements with counterparties that generally allow for netting of certain exposures; thereby significantly reducing the actual loss that would be incurred should a counterparty fail to perform its contractual obligations. To mitigate pre-settlement risk, minimum credit standards become more stringent as the duration of the derivative financial instrument increases. On the basis of these factors, we consider the risk of counterparty default to be minimal. We recognize all derivatives at fair value within the line items Other Assets Other Liabilities AOCI Foreign Currency. We primarily manage our foreign currency exposure by borrowing in the currencies in which we invest. In certain circumstances, we may issue debt in a currency that is not the same functional currency of the borrowing entity to offset the translation and economic exposures related to our net investment in international subsidiaries. To mitigate the impact of the translation from the fluctuations in exchange rates, we may designate the debt as a nonderivative financial instrument hedge. We also hedge our investments in certain international subsidiaries using foreign currency derivative contracts (net investment hedges) to offset the translation and economic exposures related to our investments in these subsidiaries by locking in a forward exchange rate at the inception of the hedge. To the extent we have an effective hedging relationship, we report all changes in fair value of the hedged portion of the nonderivative financial instruments and net investment hedges in equity in the foreign currency translation component of . These amounts offset the translation adjustments on the underlying net assets of our foreign investments, which we also record in . The changes in fair value of the portion of the nonderivative financial instruments that are not designated as hedges are recorded directly in earnings within the line item in the Consolidated Statements of Income. We recognize ineffectiveness, if any, in earnings at the time the ineffectiveness occurred. We may use foreign currency option contracts, including puts, calls and collars to mitigate foreign currency exchange rate risk associated with the translation of our projected net operating income of our international subsidiaries, principally in Canada, Europe and Japan. Put option contracts provide us with the option to exchange foreign currency for U.S. dollars at a fixed exchange rate if the foreign currency were to depreciate against the U.S. dollar. Call option contracts create an obligation to exchange foreign currency for U.S. dollars at a fixed exchange rate if the foreign currency were to appreciate against the U.S. dollar. Collar option contracts combine the put and call options into one contract to effectively lock in a range around the rate at which net operating income of our subsidiaries will be translated into U.S. dollars. Foreign currency option contracts are not designated as hedges as they do not meet hedge accounting requirements. Changes in the fair value of non-hedge designated derivatives are recorded directly in earnings within the line item Foreign Currency and Derivative Gains (Losses) and Related Amortization, Net We may also use foreign currency forwards designed as cash flow hedges to mitigate foreign currency exchange rate risk associated with payments in a currency that is not the functional currency of our foreign subsidiaries. To the extent we have an effective hedging relationship, we report all changes in fair value of the hedged portion of the foreign currency forwards cash flow hedges in AOCI Interest Rate. Our interest rate risk management strategy is to limit the impact of future interest rate changes on earnings and cash flows as well as to stabilize interest expense and manage our exposure to interest rate movements. We primarily accomplish this by issuing fixed rate debt with staggering maturities. We may enter into interest rate swap agreements, which allow us to borrow on a fixed rate basis for longer-term debt issuances, or interest rate cap agreements, which allow us to minimize the impact of increases in interest rates. We typically designate our interest rate swap and interest rate cap agreements as cash flow hedges as these derivative instruments may be used to manage the interest rate risk on potential future debt issuances or to fix the interest rate on variable rate debt issuances. The maximum length of time that we hedge our exposure to future cash flows is typically 10 years or less. We have entered into interest rate swap agreements that allow us to receive variable-rate amounts from a counterparty in exchange for us making fixed-rate payments over the life of our agreements without the exchange of the underlying notional amount. We report the effective portion of the gain or loss on the derivative as a component of AOCI Interest Expense AOCI Gains (Losses) on Early Extinguishment of Debt, Net Interest Expense |
Noncontrolling Interests | Noncontrolling Interests. Noncontrolling interests represent the share of consolidated entities owned by third parties. We recognize each noncontrolling holder’s respective share of the estimated fair value of the net assets at the date of formation or acquisition. Noncontrolling interests are subsequently adjusted for the noncontrolling holder’s share of additional contributions, distributions and their share of the net earnings or losses of each respective consolidated entity. We allocate net income to noncontrolling interests based on the weighted-average ownership interest during the period. The net income that is not attributable to us is reflected in the line item Less Net Earnings Attributable to Noncontrolling Interests . We do not recognize a gain or loss on transactions with a consolidated entity in which we do not own 100% of the equity, but we reflect the difference in cash received or paid from the noncontrolling interests carrying amount as paid-in-capital. Certain limited partnership interests are exchangeable into our common stock. Common stock issued upon exchange of a holder’s noncontrolling interest is accounted for at the carrying value of the surrendered limited partnership interest. |
Costs of Raising Capital | Costs of Raising Capital. We treat costs incurred in connection with the issuance of common and preferred stock as a reduction to additional paid-in capital. We capitalize costs incurred in connection with the issuance of debt, other than our credit facilities, as a direct deduction of Debt and amortize those costs to interest expense over the term of the related debt. We capitalize costs related to our credit facilities, as defined in Note 9, in Other Assets . Costs associated with debt modifications are expensed when incurred. |
Accumulated Other Comprehensive Income (Loss) | AOCI. For the Parent, we include AOCI as a separate component of stockholders' equity in the Consolidated Balance Sheets. For the Operating Partnership, AOCI is included in partners’ capital in the Consolidated Balance Sheets. Any reference to AOCI in this document is referring to the component of stockholders’ equity for the Parent and partners’ capital for the Operating Partnership. |
Revenue Recognition | Revenue Recognition. Rental Revenue. We lease our operating properties to customers under agreements that are classified as operating leases. We recognize the total minimum lease payments provided for under the leases on a straight-line basis over the lease term. Generally, under the terms of our leases, the majority of our rental expenses are recovered from our customers. We reflect amounts recovered from customers as revenue in the period that the applicable expenses are incurred. We make a provision for possible loss if the collection of a receivable balance is considered doubtful. Strategic Capital Revenue. Strategic capital revenue includes revenue we earn from the management services we provide to unconsolidated entities. These fees are determined in accordance with the terms specific to each arrangement and may include property and asset management fees or transactional fees for leasing, acquisition, development, construction, financing, legal and tax services provided. We may also earn incentive returns (called “promotes”) based on third-party investor returns over time, which may be during the duration of the venture or at the time of liquidation. We recognize fees when they are earned, fixed and determinable. We report these fees in . The fees we earn to develop properties within these ventures are reflected in on a percentage of completion basis. We also earned fees from ventures that we consolidate. Upon consolidation these fees were eliminated from our earnings and the third party share of these fees were recognized as a reduction of Net Earnings Attributable to Noncontrolling Interests. Gains (Losses) on Dispositions of Investments in Real Estate. We recognize gains on the disposition of real estate when the recognition criteria have been met, generally at the time the risks and rewards and title have transferred and we no longer have substantial continuing involvement with the real estate sold. We recognize losses from the disposition of real estate when known. When we contribute a property to an unconsolidated entity in which we have an ownership interest, we do not recognize a portion of the gain realized. The amount of gain not recognized, based on our ownership interest in the entity acquiring the property, is deferred by recognizing a reduction to our investment in the applicable unconsolidated entity. We adjust our proportionate share of net earnings or losses recognized in future periods to reflect the entities’ recorded depreciation expense as if it were computed on our lower basis in the contributed properties rather than on the entity’s basis. When a property that we originally contributed to an unconsolidated entity is disposed of to a third party, we recognize the amount of the gain we previously deferred, along with our proportionate share of the gain recognized by the unconsolidated entity. If our ownership interest in an unconsolidated entity decreases and the decrease is expected to be permanent, we recognize the amounts relating to previously deferred gains to coincide with our new ownership interest. |
Rental Expense | Rental Expenses. Rental expenses primarily include the cost of our property management personnel, utilities, repairs and maintenance, property insurance and real estate taxes. |
Strategic Capital Expenses | Strategic Capital Expenses. Strategic capital expenses generally include the direct expenses associated with the asset management of the unconsolidated co-investment ventures provided by our employees who are assigned to our Strategic Capital segment. In addition, in order to achieve efficiencies and economies of scale, all of our property management functions are provided by property management personnel who are assigned to our Real Estate Operations segment. These individuals perform the property-level management of the properties in our owned and managed portfolio, which include properties we consolidate and those we manage that are owned by the unconsolidated co-investment ventures. We allocate the costs of our property management to the properties we consolidate (included in Rental Expenses ) and the properties owned by the unconsolidated co-investment ventures (included in Strategic Capital Expenses ) by using the square feet owned by the respective portfolios. |
Equity-Based Compensation | Equity-Based Compensation. We account for equity-based compensation by measuring the cost of employee services received in exchange for an award of an equity instrument based on the fair value of the award on the grant date. We recognize the cost of the award on a straight-line basis over the period during which an employee is required to provide service in exchange for the award, generally the vesting period. |
Income Taxes | Income Taxes. Under the Internal Revenue Code, REITs are generally not required to pay federal income taxes if they distribute 100% of their taxable income and meet certain income, asset and stockholder tests. If we fail to qualify as a REIT in any taxable year, we will be subject to federal income taxes at regular corporate rates (including any alternative minimum tax) and may not be able to qualify as a REIT for the four subsequent taxable years. Even as a REIT, we may be subject to certain state and local taxes on our own income and property, and to federal income and excise taxes on our undistributed taxable income. We have elected taxable REIT subsidiary (“TRS”) status for some of our consolidated subsidiaries. This allows us to provide services that would otherwise be considered impermissible for REITs. Many of the foreign countries in which we have operations do not recognize REITs or do not accord REIT status under their respective tax laws to our entities that operate in their jurisdiction. In the United States, we are taxed in certain states in which we operate. Accordingly, we recognize income tax expense for the federal and state income taxes incurred by our TRSs, taxes incurred in certain states and foreign jurisdictions, and interest and penalties associated with our unrecognized tax benefit liabilities. We evaluate tax positions taken in the Consolidated Financial Statements under the interpretation for accounting for uncertainty in income taxes. As a result of this evaluation, we may recognize a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities. We recognize deferred income taxes in certain taxable entities. For federal income tax purposes, certain acquisitions have been treated as tax-free transactions resulting in a carry-over basis in assets and liabilities. For financial reporting purposes and in accordance with purchase accounting, we record all of the acquired assets and assumed liabilities at the estimated fair value at the date of acquisition. For our taxable subsidiaries, including certain international jurisdictions, we recognize the deferred income tax liabilities that represent the tax effect of the difference between the tax basis carried over and the fair value of the tangible and intangible assets at the date of acquisition. Any subsequent increases or decreases to the deferred income tax liability recorded in connection with these acquisitions, related to tax uncertainties acquired, are reflected in earnings. Deferred income tax expense is generally a function of the period’s temporary differences (items that are treated differently for tax purposes than for financial reporting purposes) and the utilization of tax net operating losses (“NOL”) generated in prior years that had been previously recognized as deferred income tax assets. We provide for a valuation allowance for deferred income tax assets if we believe all or some portion of the deferred income tax asset may not be realized. Any increase or decrease in the valuation allowance that results from a change in circumstances that causes a change in the estimated ability to realize the related deferred income tax asset is included in deferred tax expense. |
Environmental Costs | Environmental Costs. We incur certain environmental remediation costs, including cleanup costs, consulting fees for environmental studies and investigations, monitoring costs, and legal costs relating to cleanup, litigation defense, and the pursuit of responsible third parties. We expense costs incurred in connection with operating properties and properties previously sold. We capitalize costs related to undeveloped land as development costs and include any expected future environmental liabilities at the time of acquisition. We include costs incurred for properties to be disposed in the cost of the properties upon disposition. We maintain a liability for the estimated costs of environmental remediation expected to be incurred in connection with undeveloped land, operating properties and properties previously sold that we adjust as appropriate as information becomes available. |
New Accounting Pronouncements | New Accounting Pronouncements. In September 2015, the Financial Accounting Standards Board (“FASB”) issued an accounting standard update that amends the retroactive requirement to apply adjustments made to provisional amounts recognized in a business combination. The update requires that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. We early adopted this standard at September 30, 2015, including business combinations with open measurement periods for which the accounting had not been finalized at September 30, 2015. The adoption of this standard did not have a material impact on the Consolidated Financial Statements. In April 2015, the FASB issued an accounting standard update that requires the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability instead of a deferred charge. It is effective for annual reporting periods beginning after December 15, 2015, but early adoption is permitted. We early adopted this standard at December 31, 2015, and applied its provisions retrospectively. The adoption resulted in the reclassification of $52.3 million and $43.2 million of unamortized debt issuance costs from Other Assets Debt In February 2015, the FASB issued an accounting standard update that amends the consolidation requirements in existing GAAP. Under the update, all entities, including limited partnerships and similar legal entities, are now within the scope of consolidation guidance, unless a scope exception applies. The presumption that a general partner controls a limited partnership has been eliminated. In addition, fees paid to decision makers that meet certain conditions no longer cause the decision makers to consolidate variable interest entities (“VIEs”). It is effective for annual reporting periods beginning after December 15, 2015, but early adoption is permitted and allows for either a full retrospective or a modified retrospective adoption approach. We plan to adopt the standard on its required effective date of January 1, 2016. We are finalizing our analysis, but we do not expect the adoption to have a material effect on our Consolidated Financial Statements. In May 2014, the FASB issued an accounting standard update that requires companies to use a five step model to determine when to recognize revenue from customer contracts in an effort to increase consistency and comparability throughout global capital markets and across industries. Under the model, a company will identify the contract, identify any separate performance obligations in the contract, determine the transaction price, allocate the transaction price and recognize revenue when the performance obligation is satisfied. In July 2015, the FASB deferred the effective date by one year to annual reporting periods beginning after December 15, 2017. The FASB also permits early adoption of the standard, but not before the original effective date of December 15, 2016. We are currently evaluating the impact the adoption of this standard will have on the Consolidated Financial Statements. |
Business Combinations (Tables)
Business Combinations (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Business Acquisition [Line Items] | |
Schedule of Unaudited Pro Forma Financial Information | The following unaudited pro forma financial information presents our results as though the KTR acquisition had been completed on January 1, 2014. The pro forma information does not reflect the actual results of operations had the transaction actually been completed on January 1, 2014, and it is not indicative of future operating results. The results for the year ended December 31, 2015, include approximately seven months of actual results for the acquisition, the acquisition expenses, and five months of pro forma adjustments. Our results of operations in 2015 include rental revenue and rental expenses of the properties acquired of $235.7 million and $56.9 million, respectively, representing the period from acquisition through December 31, 2015. The following amounts are in thousands, except per share amounts: 2015 2014 Total revenues $ 2,358,643 $ 2,064,724 Net earnings attributable to common stockholders $ 866,753 $ 537,861 Net earnings per share attributable to common stockholders – Basic $ 1.66 $ 1.08 Net earnings per share attributable to common stockholders – Diluted $ 1.65 $ 1.07 |
KTR Capital Partners and Affiliates [Member] | |
Business Acquisition [Line Items] | |
Allocation of Purchase Price | The allocation of the purchase price was as follows (in thousands): Investments in real estate properties $ 5,440,923 Intangible assets, net of intangible liabilities 332,708 Accounts receivable and other assets 7,632 Debt, including premium (735,172 ) Accounts payable, accrued expenses and other liabilities (55,422 ) Total estimated purchase price 4,990,669 Our venture partner’s share of purchase price (2,253,234 ) Common limited partnership units issued in the Operating Partnership (181,170 ) Prologis share of cash purchase price $ 2,556,265 |
Prologis North American Industrial Fund [Member] | |
Business Acquisition [Line Items] | |
Allocation of Purchase Price | The allocation of the purchase price was as follows (in thousands): Investments in real estate properties $ 2,658,252 Intangible assets, net of intangible liabilities 138,185 Cash 87,780 Accounts receivable and other assets 5,664 Debt, including premium (1,195,213 ) Accounts payable, accrued expenses and other liabilities (57,655 ) Noncontrolling interests (554,493 ) Total purchase price $ 1,082,520 |
Real Estate (Tables)
Real Estate (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Real Estate [Abstract] | |
Investments in Real Estate Properties | Investments in real estate properties consisted of the following at December 31 (dollars and square feet in thousands): Square Feet and Acres (1) Number of Buildings (1) 2015 2014 2015 2014 2015 2014 Industrial operating properties: Improved land - - - - $ 5,874,052 $ 4,227,637 Buildings and improvements 333,830 282,282 1,872 1,607 17,861,693 14,407,815 Development portfolio, including land costs: Prestabilized 12,598 7,448 28 24 918,099 547,982 Properties under development 19,630 22,844 63 55 954,804 925,998 Land 7,404 9,017 - - 1,359,794 1,577,786 Other real estate investments (2) 552,926 502,927 Total investments in real estate properties 27,521,368 22,190,145 Less accumulated depreciation 3,274,284 2,790,781 Net investments in real estate properties $ 24,247,084 $ 19,399,364 (1) Items indicated by ‘- -‘ are not applicable. (2) Included in other real estate investments are: (i) certain non-industrial real estate; (ii) land parcels that are ground leased to third parties; (iii) our corporate office buildings; (iv) infrastructure costs related to projects we are developing on behalf of others; (v) earnest money deposits associated with potential acquisitions and (vi) costs related to future development projects, including purchase options on land. |
Summary of Properties Acquired | The following table summarizes our real estate acquisition activity for the years ended December 31 (dollars and square feet in thousands): 2015 2014 2013 Acquisitions of operating properties from unconsolidated co-investment ventures Number of industrial operating properties - 231 58 Square feet - 45,663 16,319 Real estate acquisition value $ - $ 2,658,252 $ 1,141,128 Gains on revaluation of equity investments upon acquisition of a controlling interest $ - $ 201,319 $ 34,787 Acquisitions of operating properties from third parties Number of industrial operating properties 52 8 12 Square feet 7,375 1,004 3,262 Real estate acquisition value $ 829,598 $ 78,314 $ 146,331 |
Summary of Properties Disposed | The following table summarizes our real estate disposition activity for the years ended December 31 (dollars and square feet in thousands): 2015 2014 2013 Continuing operations Contributions to unconsolidated co-investment ventures Number of properties 31 126 254 Square feet 8,355 25,247 71,503 Net proceeds (1) $ 835,385 $ 1,825,311 $ 6,479,707 Net gains on contributions (1) $ 148,987 $ 188,268 $ 555,196 Dispositions to third parties Number of properties 136 145 - Square feet 23,024 19,856 - Net proceeds (1) $ 2,352,645 $ 1,365,318 $ 177,273 Net gains on dispositions (1) $ 609,900 $ 336,203 $ 7,673 Discontinued operations Number of properties - - 89 Square feet - - 9,196 Net proceeds from dispositions $ - $ - $ 608,286 Net gains on dispositions, including related impairment charges and taxes (2) $ - $ - $ 116,550 (1) Includes land parcels. (2) We recorded $1.2 million of income tax expense in 2013 related to the disposition of properties in discontinued operations. |
Summary of Minimum Lease Payments on Leases | The following table summarizes our minimum lease payments on leases with lease periods greater than one year for space in our operating properties, pre-stabilized development properties and leases of land subject to ground leases at December 31, 2015 (in thousands): 2016 $ 1,565,119 2017 1,372,310 2018 1,131,572 2019 886,821 2020 711,827 Thereafter 2,456,484 Total $ 8,124,133 |
Future Minimum Rental Payments under Non-Cancelable Operating Leases | The following table summarizes our future minimum rental payments under non-cancelable operating leases in effect at December 31, 2015 (in thousands): 2016 $ 32,183 2017 29,540 2018 27,769 2019 25,144 2020 24,116 Thereafter 220,625 Total $ 359,377 |
Unconsolidated Entities (Tables
Unconsolidated Entities (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Schedule Of Equity Method Investments [Line Items] | |
Summary of Investments in and Advances Unconsolidated Entities | The following table summarizes our investments in and advances to our unconsolidated entities at December 31 (in thousands): 2015 2014 Unconsolidated co-investment ventures $ 4,585,427 $ 4,665,918 Other ventures 170,193 158,806 Totals $ 4,755,620 $ 4,824,724 |
Information About Investments in Co-investment Ventures by Property Funds | The following table summarizes our investments in the individual co-investment ventures at December 31 (dollars in thousands): Ownership Percentage Investment in and Advances to Co-Investment Venture 2015 2014 2015 2014 Prologis Targeted U.S. Logistics Fund, L.P. (“USLF”) (1) 22.5 % 24.3 % $ 689,408 $ 712,044 FIBRA Prologis (2) (3) 45.9 % 45.9 % 569,800 589,627 Prologis Brazil Logistics Partners Fund I, L.P. (“Brazil Fund”) and related joint ventures (4) various various 216,668 235,496 Prologis Targeted Europe Logistics Fund, FCP-FIS (“PTELF”) (1) 41.6 % 43.2 % 480,401 458,702 Prologis European Properties Fund II, FCP-FIS 31.3 % 31.1 % 410,984 488,503 Europe Logistics Venture 1, FCP-FIS (“ELV”) (5) 15.0 % 15.0 % 53,960 56,127 Prologis European Logistics Partners Sàrl (5) 50.0 % 50.0 % 1,762,291 1,769,720 Nippon Prologis REIT, Inc. (“NPR”) (6) (7) 15.1 % 15.1 % 300,822 303,178 Prologis China Logistics Venture I, LP and II, LP (Prologis China Logistics Venture) (5) 15.0 % 15.0 % 101,093 52,521 Totals $ 4,585,427 $ 4,665,918 (1) In December 2015, we submitted redemption requests for a portion of our investment in PTELF and USLF for €185.0 million ($201.4 million at December 31, 2015) and $200.0 million, respectively. We expect the requests to close in the second quarter of 2016 and they will be fulfilled by other investors so our ownership percentage will decrease. (2) At December 31, 2015, we owned 291.1 million units of FIBRA Prologis that had a closing price of Ps 26.12 ($1.51) per unit on the Mexican Stock Exchange. (3) We have granted FIBRA Prologis a right of first refusal with respect to stabilized properties that we plan to sell in Mexico. (4) We have a 50% ownership interest in and consolidate an entity that in turn owns 50% of several entities that we account for on the equity method. Also, we have additional investments in other unconsolidated entities in Brazil that we account for on the equity method with various ownership interests ranging from 5-50%. (5) We have one partner in each of these co-investment ventures. (6) At December 31, 2015, we owned 261,310 units of NPR that Other Liabilities (7) For any properties we develop and plan to sell in Japan, we have committed to offer those properties to NPR. |
Earnings and Fee Revenue From Co-Investment Ventures | The following table summarizes the amounts we recognized in the Consolidated Statements of Income as our share of the earnings and fee revenue from unconsolidated co-investment ventures for the years ended December 31 (in thousands): 2015 2014 2013 Earnings from unconsolidated co-investment ventures, net: Americas $ 35,966 $ 8,596 $ 21,724 Europe 106,656 108,430 63,839 Asia 12,780 14,022 9,091 Total earnings from unconsolidated co-investment ventures, net $ 155,402 $ 131,048 $ 94,654 Strategic capital revenue and other revenue: Americas $ 59,480 $ 94,354 $ 70,642 Europe 112,675 86,487 63,794 Asia 35,453 37,509 42,749 Total strategic capital revenue 207,608 218,350 177,185 Development management and other revenue 7,467 5,424 4,007 Total strategic capital revenue and other revenue $ 215,075 $ 223,774 $ 181,192 |
Summary of Promotes Earned and Recognized in Strategic Capital Revenue and Related Cash Expense | The following table summarizes the promotes earned and recognized in Strategic Capital Revenue 2015 2014 2013 Strategic capital revenue Total promote (1) $ 56,637 $ 42,132 $ 7,878 Less: Prologis’ share 27,175 10,852 1,512 Net promote recognized (third-party share) in strategic capital revenue $ 29,462 $ 31,280 $ 6,366 Related cash bonus included in strategic capital expense (2) $ 4,700 $ 4,239 $ 1,273 (1) We earned promotes from PELP and ELV in 2015 and USLF in 2014, each based on the venture’s cumulative returns to the investors over the last three years. We earned a promote in connection with the conclusion of Prologis SGP Mexico in 2013. (2) This represents the cash bonus paid, in regards to the promotes earned, pursuant to the terms of the Prologis Promote Plan. See Note 13 for more information about this plan. |
Summary of Remaining Equity Commitments | The following table summarizes the remaining equity commitments at December 31, 2015 (in millions): Equity Commitments Expiration Date for Remaining Commitments Prologis Venture Partners Total Prologis Targeted U.S. Logistics Fund $ - $ 277 $ 277 2016 – 2017 Prologis Targeted Europe Logistics Fund (1) - 326 326 2016 – 2017 Prologis European Properties Fund II (1) 8 38 46 2016 Prologis European Logistics Partners Sàrl (2) 50 50 100 February 2016 Prologis China Logistics Venture (3) 172 973 1,145 2016 and 2017 Total $ 230 $ 1,664 $ 1,894 (1) Equity commitments are denominated in euro and reported in U.S. dollars based on an exchange rate of $1.09 U.S. dollars to the euro. (2) The equity commitments for this venture are expected to fund the future repayment of debt that is denominated in British pounds sterling. The commitments will be called in euros and are reported in U.S. dollars using an exchange rate of $1.48 U.S. dollars to the British pounds sterling. (3) In January 2016, we reached an agreement with our partner in this venture to increase the equity commitments $882.4 million, of which our share is $132.4 million, to fund future developments in China. |
Unconsolidated Co-Investment Ventures [Member] | |
Schedule Of Equity Method Investments [Line Items] | |
Summary of Investments in and Advances Unconsolidated Entities | The following tables summarize these unconsolidated co-investment ventures at December 31 and for the years ended December 31: (dollars and square feet in millions) 2015 2014 2013 Americas: Number of ventures 3 3 4 Number of properties owned 596 590 709 Square feet 89.0 87.1 108.5 Total assets $ 6,890 $ 7,056 $ 8,004 Third-party debt $ 2,090 $ 2,273 $ 2,989 Total liabilities $ 2,258 $ 2,414 $ 3,167 Our investment balance (1) $ 1,476 $ 1,537 $ 1,194 Our weighted average ownership (2) 29.8 % 31.0 % 22.7 % Europe: Number of ventures 4 4 4 Number of properties owned 688 636 571 Square feet 158.3 147.4 132.9 Total assets $ 11,343 $ 11,440 $ 11,800 Third-party debt $ 2,640 $ 2,621 $ 2,979 Total liabilities $ 3,584 $ 3,501 $ 4,095 Our investment balance (1) $ 2,707 $ 2,773 $ 2,703 Our weighted average ownership (2) 38.9 % 38.8 % 39.0 % Asia: Number of ventures 2 2 2 Number of properties owned 66 52 43 Square feet 29.2 26.2 22.9 Total assets $ 4,320 $ 4,120 $ 4,014 Third-party debt $ 1,520 $ 1,637 $ 1,697 Total liabilities $ 1,751 $ 1,734 $ 1,881 Our investment balance (1) $ 402 $ 356 $ 353 Our weighted average ownership (2) 15.0 % 15.0 % 15.0 % Totals: Number of ventures 9 9 10 Number of properties owned 1,350 1,278 1,323 Square feet 276.5 260.7 264.3 Total assets $ 22,553 $ 22,616 $ 23,818 Third-party debt $ 6,250 $ 6,531 $ 7,665 Total liabilities $ 7,593 $ 7,649 $ 9,143 Our investment balance (1) $ 4,585 $ 4,666 $ 4,250 Our weighted average ownership (2) 31.6 % 32.0 % 29.2 % (in millions) 2015 2014 (3) 2013 (3) Americas: Revenues $ 610 $ 711 $ 702 Net operating income $ 465 $ 527 $ 513 Net earnings $ 113 $ 54 $ 58 Europe: Revenues $ 947 $ 1,001 $ 801 Net operating income $ 741 $ 787 $ 621 Net earnings $ 261 $ 268 $ 131 Asia: Revenues $ 275 $ 280 $ 224 Net operating income $ 212 $ 219 $ 175 Net earnings $ 77 $ 86 $ 48 Totals: Revenues $ 1,832 $ 1,992 $ 1,727 Net operating income $ 1,418 $ 1,533 $ 1,309 Net earnings $ 451 $ 408 $ 237 (1) The difference between our ownership interest of a venture’s equity and our investment balance results principally from three types of transactions: (i) deferring a portion of the gains we recognize from a contribution of a property to a venture ($430.7 million, $322.9 million and $139.6 million at December 31, 2015, 2014 and 2013, respectively); (ii) recording additional costs associated with our investment in the venture; and (iii) advances to a venture. (2) Represents our weighted average ownership interest in all co-investment ventures based on each entity’s contribution of total assets, before depreciation, net of other liabilities. (3) We had significant activity with our unconsolidated co-investment ventures in 2014 and 2013 as explained in both Note 3 and Note 4. We formed and invested in FIBRA Prologis in 2014. In connection with this transaction, we concluded our unconsolidated co-investment venture in Mexico. We began consolidating NAIF in 2014. During 2013, we concluded three co-investment ventures and we started two new co-investment ventures. |
Assets Held for Sale or Contr34
Assets Held for Sale or Contribution and Discontinued Operations (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Real Estate Assets Held For Development And Sale [Abstract] | |
Summary of Assets Held for Sale or Contribution | Assets held for sale or contribution consisted of the following (dollars and square feet in thousands): 2015 2014 Number of operating properties 17 7 Square feet 5,065 457 Total assets held for sale or contribution $ 378,423 $ 43,934 Total liabilities associated with assets held for sale or contribution – included in Other Liabilities $ 6,874 $ - |
Income Attributable to Properties Disposal or Held for Sale | The following table summarizes income for 2013, attributable to properties disposed of during 2013, or held for sale at December 31, 2013 (in thousands): Rental revenue and recoveries $ 34,105 Rental expenses (10,633 ) Depreciation and amortization (15,339 ) Interest expense (1,163 ) Income attributable to disposed properties and assets held for sale $ 6,970 |
Other Assets and Other Liabil35
Other Assets and Other Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Text Block [Abstract] | |
Schedule of Other Assets | The following table summarizes our other assets, net of amortization and depreciation, if applicable, at December 31 (in thousands): 2015 2014 Leasing commissions and other in-place lease intangibles $ 613,518 $ 241,557 Rent leveling and above market leases 276,315 224,589 Prepaid assets 107,000 105,093 Fixed assets 94,178 86,927 Accounts receivable 89,611 103,445 Value added taxes receivable 86,115 86,331 Derivative assets 53,579 106,664 Management contracts 46,293 52,896 Other notes receivable 41,262 46,570 Deferred income taxes 14,650 7,887 Other 91,989 94,328 Totals $ 1,514,510 $ 1,156,287 |
Schedule of Other Liabilities | The following table summarizes our other liabilities, net of amortization, if applicable, at December 31 (in thousands): 2015 2014 Tenant security deposits $ 190,160 $ 169,326 Income tax liabilities 81,125 85,200 Unearned rents 77,730 74,873 Below market leases 55,976 30,651 Deferred income 29,197 16,326 Environmental liabilities 21,484 10,878 Derivative liabilities 13,729 52,740 Value added taxes payable 10,272 13,358 Other 154,702 173,074 Totals $ 634,375 $ 626,426 |
Schedule of Amortized Rental Revenue | The expected future amortization of leasing commissions and other in-place lease intangibles into amortization expense of $613.5 million is summarized in the table below. We also expect our above and below market leases and rent leveling net assets, which total a net $220.3 million at December 31, 2015, to be amortized into rental revenue as follows (in thousands): Amortization Expense Net (Increase) Decrease to Rental Revenue 2016 $ 157,914 $ (15,421 ) 2017 116,958 17,381 2018 82,876 25,903 2019 61,672 28,096 2020 46,599 28,103 Thereafter 147,499 136,277 Totals $ 613,518 $ 220,339 |
Debt (Tables)
Debt (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Debt Instrument [Line Items] | |
Debt Summary | The following table summarizes our debt at December 31 (dollars in thousands): 2015 2014 Weighted Average Interest Rate (1) Amount Outstanding (2) Weighted Average Interest Rate (1) Amount Outstanding Credit facilities - % $ - - % $ - Senior notes (3) 3.3 % 6,516,392 3.7 % 6,046,965 Exchangeable senior notes (4) - - 3.7 % 456,373 Term loans 2.1 % 2,100,009 1.4 % 568,037 Other debt (5) 6.2 % 15,448 6.2 % 16,087 Secured mortgage debt (6) 5.1 % 1,172,473 6.1 % 1,042,628 Secured mortgage debt of consolidated entities (7) 2.9 % 1,822,509 2.5 % 1,206,887 Totals 3.2 % $ 11,626,831 3.7 % $ 9,336,977 (1) These interest rates represent the effective interest rates (including amortization of the noncash premiums, discounts or debt issuance costs) at the end of the period for the debt outstanding. (2) Included in the outstanding balances are borrowings denominated in non-U.S. currency, principally: euro ($3.4 billion), Japanese yen ($1.1 billion) and Canadian dollar ($0.4 million). (3) Notes are due January 2018 to June 2026 and effective interest rates range from 1.5% to 7.6% at December 31, 2015. (4) As explained below, this debt was paid off in 2015. (5) The balance at December 31, 2015, represents primarily assessment bonds with varying effective interest rates from 4.5% to 7.9% that are due June 2019 to September 2033. The assessment bonds are issued by municipalities and guaranteed by us as a means of financing infrastructure and secured by assessments (similar to property taxes) on various underlying real estate properties with an aggregate undepreciated cost of $780.3 million at December 31, 2015. (6) Debt is due May 2016 to December 2025 and effective interest rates range from 0.6% to 7.7% at December 31, 2015. The debt is secured by 175 real estate properties with an aggregate undepreciated cost of $2.9 billion at December 31, 2015. (7) Debt is due October 2016 to December 2027 and effective interest rates range from 1.9% to 5.3% at December 31, 2015. The debt is secured by 220 real estate properties with an aggregate undepreciated cost of $3.2 billion at December 31, 2015. |
Credit Facilities | The following table summarizes information about our Credit Facilities at December 31 (in millions): 2015 2014 2013 For the years ended December 31: Weighted average daily interest rate 1.1 % 1.1 % 1.7 % Weighted average daily borrowings $ 261 $ 182 $ 789 Maximum borrowings outstanding at any month-end $ 942 $ 742 $ 1,325 At December 31: Aggregate lender – commitments $ 2,662 $ 2,742 $ 2,451 Less: Borrowings outstanding - - 726 Outstanding letters of credit 32 35 73 Current availability $ 2,630 $ 2,707 $ 1,652 |
Long-Term Debt Maturities | Principal payments due on our debt, for each year through the period ending December 31, 2025, and thereafter were as follows at December 31, 2015 (in millions): Prologis Unsecured Credit Senior Term Loans and Secured Mortgage Consolidated Entities’ Total Consolidated Maturity Facilities Notes Other Debt Debt Total Debt Debt 2016 (1) (2) $ - $ - $ 401 $ 363 $ 764 $ 170 $ 934 2017 (3) - - 563 8 571 516 1,087 2018 - 175 1 167 343 403 746 2019 - 618 1 305 924 143 1,067 2020 - 849 1 6 856 252 1,108 2021 - 1,262 341 13 1,616 128 1,744 2022 - 762 541 9 1,312 1 1,313 2023 - 850 269 32 1,151 142 1,293 2024 - 762 1 132 895 1 896 2025 - 750 1 129 880 1 881 Thereafter - 544 6 - 550 2 552 Subtotal - 6,572 2,126 1,164 9,862 1,759 11,621 Unamortized premiums (discounts), net - (23 ) - 13 (10 ) 68 58 Unamortized debt issuance costs, net - (33 ) (10 ) (5 ) (48 ) (4 ) (52 ) Totals $ - $ 6,516 $ 2,116 $ 1,172 $ 9,804 $ 1,823 $ 11,627 (1) We expect to repay the amounts maturing in 2016 related to our wholly owned debt with cash generated from operations, proceeds from dispositions of wholly owned real estate properties, or as necessary, with borrowings on our Credit Facilities. (2) Included in 2016 maturities is the Senior Term Loan that can be extended until 2017. (3) Included in 2017 maturities is the Euro Term Loan that can be extended until 2019. |
Interest Expense | The following table summarizes the components of interest expense from continuing operations for the years ended December 31 (in thousands): 2015 2014 2013 Gross interest expense $ 394,012 $ 377,666 $ 471,923 Amortization of premium, net (45,253 ) (21,440 ) (39,015 ) Amortization of deferred loan costs 13,412 14,116 14,374 Interest expense before capitalization $ 362,171 $ 370,342 $ 447,282 Capitalized amounts (60,808 ) (61,457 ) (67,955 ) Net interest expense $ 301,363 $ 308,885 $ 379,327 Total cash paid for interest, net of amounts capitalized $ 345,916 $ 258,441 $ 426,528 |
Activity Related to Repurchase of Debt and Net Loss on Early Extinguishment of Debt | The following table summarizes the activity related to the repurchase of debt and net loss on early extinguishment of debt for the years ending December 31 (in millions): 2015 2014 2013 Senior notes: Original principal amount $ 709.7 $ 1,290.4 $ 2,142.0 Cash purchase price $ 789.0 $ 1,460.3 $ 2,411.9 Term loans: Original principal amount $ 600.0 $ - $ - Cash repayment price $ 600.0 $ - $ - Secured mortgage debt: Original principal amount $ 571.5 $ 528.0 $ 1,570.9 Cash repayment price $ 595.5 $ 531.2 $ 1,570.9 Total: Original principal amount $ 1,881.2 $ 1,818.4 $ 3,712.9 Cash purchase/repayment price $ 1,984.5 $ 1,991.5 $ 3,982.8 Loss on early extinguishment of debt $ 86.3 $ 165.3 $ 277.0 |
Senior Notes [Member] | |
Debt Instrument [Line Items] | |
Schedule of Debt | During the years ended December 31 we issued the following senior notes (dollars and euros in thousands): 2015 Principal Amount Stated Interest Rate Effective Interest Rate Maturity Date May 2015 (1) € 700,000 $ 785,470 1.4% 1.5% May 2021 October 2015 $ 750,000 3.8% 4.0% November 2025 2014 February 2014 (1) € 700,000 $ 959,420 3.4% 3.5% February 2024 June 2014 (1) € 500,000 $ 680,550 3.0% 3.1% June 2026 October 2014 (1) € 600,000 $ 756,420 1.4% 1.4% October 2020 (1) This debt is denominated in euro and the exchange rate used to calculate into U.S. dollar was the effective rate at the date of the transaction. |
Term Loans [Member] | |
Debt Instrument [Line Items] | |
Schedule of Debt | The following table summarizes our outstanding term loans at December 31, (dollars in thousands): Term Loan Borrowing Currency Initial Borrowing Date Lender Commitment at 2015 Balance Outstanding at 2015 Balance Outstanding at 2014 Interest Rate Maturity Date Local USD USD USD 2014 Yen Term Loan (1) JPY May 2014 ¥ 40,916,000 $ 339,858 $ 339,858 $ 342,051 LIBOR plus 1.20% May 2021 Euro Term Loan (2) USD, EUR, JPY and GBP June 2014 € 500,000 $ 561,879 561,879 230,679 LIBOR plus 0.98% June 2017 Senior Term Loan (3) (4) USD May 2015 $ 400,000 400,000 - LIBOR plus 1.00% May 2016 2015 Yen Term Loan (4) JPY June 2015 ¥ 65,000,000 $ 539,906 539,906 - LIBOR plus 1.10% June 2022 2015 Canadian Term Loan CAD December 2015 $ 371,925 $ 267,872 267,872 - CDOR rate plus 1.50% February 2023 Subtotal 2,109,515 572,730 Unamortized debt issuance costs, net (9,506 ) (4,693 ) Totals $ 2,100,009 $ 568,037 (1) We may increase the borrowings to ¥51.1 billion ($424.4 million at December 31, 2015), subject to obtaining additional lender commitments. (2) We may increase the borrowings up to €1.0 billion ($1.1 billion at December 31, 2015), subject to obtaining additional lender commitments. We may pay down and reborrow on this term loan. We may extend the maturity date twice, by one year each, subject to the satisfaction of certain conditions and payment of an extension fee). During 2015, we borrowed an additional €240 million ($272.6 million). During the second quarter of 2015, we paid off the entire euro balance and subsequently borrowed $561.9 million in connection with the KTR transaction. |
Stockholders' Equity of Prolo37
Stockholders' Equity of Prologis, Inc. (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Equity [Abstract] | |
Equity Securities Distributions Paid or Payable Per Unit | In 2015, 2014 and 2013, we paid all of our dividends in cash. The following summarizes the taxability of our common and preferred stock dividends for the years ended December 31: 2015 (1) (2) 2014 (1) 2013 Common Stock: Ordinary income $ 0.36 $ 0.29 $ - Qualified dividend 0.08 0.41 - Capital gains 1.08 0.62 1.12 Total distribution $ 1.52 $ 1.32 $ 1.12 Preferred Stock – Series L (3): Capital gains - - - - $ 0.41 Preferred Stock – Series M, R and S (3): Capital gains - - - - $ 0.42 Preferred Stock – Series O (3): Capital gains - - - - $ 0.44 Preferred Stock – Series P (3): Capital gains - - - - $ 0.43 Preferred Stock – Series Q: Ordinary income $ 0.77 $ 0.71 $ - Qualified dividend 0.62 1.01 - Capital gains 2.88 2.55 4.27 Total dividend $ 4.27 $ 4.27 $ 4.27 (1) Items indicated by ‘- -‘ are not applicable. (2) Taxability for 2015 is estimated. (3) As discussed above, in April 2013, we redeemed all of the outstanding series L, M, O, P, R and S preferred stock. |
Noncontrolling Interests (Table
Noncontrolling Interests (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Noncontrolling Interest [Abstract] | |
Noncontrolling Interests Summary | The following table summarizes our noncontrolling interests and the consolidated entity’s total investment in real estate and debt at December 31 (dollars and units in thousands): Our Ownership Percentage Noncontrolling Interests Total Investment in Real Estate Debt 2015 2014 2015 2014 2015 2014 2015 2014 Prologis U.S. Logistics Venture (1) 55.0 % 55.0 % 2,677,642 427,307 6,533,089 1,006,183 724,256 - Prologis North American Industrial Fund 66.1 % 66.1 % 490,444 544,718 2,571,092 2,771,299 1,083,650 1,188,836 Prologis Brazil Logistics Partners Fund I (2) 50.0 % 50.0 % 49,313 68,533 - - - - Other consolidated entities (3) various various 102,828 119,343 1,006,224 1,018,996 14,603 18,051 Prologis, L.P. noncontrolling interests 3,320,227 1,159,901 10,110,405 4,796,478 1,822,509 1,206,887 Limited partners in Prologis, L.P. (4) (5) 432,674 48,189 - - - - Prologis, Inc. noncontrolling interests $ 3,752,901 $ 1,208,090 $ 10,110,405 $ 4,796,478 $ 1,822,509 $ 1,206,887 (1) As discussed in Note 3, USLV acquired a portfolio of properties from KTR in May 2015. We received a contribution of $2.3 billion from our venture partner to fund their share of this acquisition. (2) The assets of Prologis Brazil Logistics Partners Fund I (“Brazil Fund”) are primarily investments in unconsolidated entities of $103.1 million and $152.0 million at December 31, 2015 and 2014, respectively. For additional information on our unconsolidated investments, see Note 5. (3) This line item includes our two partnerships that have issued limited partnership units to third parties, as discussed above, along with various other consolidated entities. At December 31, 2015 and 2014, limited partnership units were exchangeable into cash or, at our option, 1,835 and 1,887 shares, respectively, of the Parent’s common stock. In 2015, 52 limited partnership units were redeemed for cash of $3.2 million. All of these outstanding limited partnership units receive quarterly cash distributions equal to the quarterly dividends paid on our common stock pursuant to the terms of the applicable partnership agreements. (4) Includes 8.9 million of Class A Units issued in the fourth quarter of 2015. See Note 11 for further discussion of our Class A Units. (5) We issued 4.7 million common limited partnership units in the Operating Partnership, principally in connection with the KTR acquisition. |
Long-Term Compensation (Tables)
Long-Term Compensation (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Stock Options Granted Assumptions | The following table details the assumptions of each grant based on the year it was granted (dollars in thousands): 2015 2014 2013 Risk free interest rate 0.86 % 0.67 % 0.39 % Expected volatility 28 % 38 % 38 % Aggregate fair value $ 26,500 $ 23,100 $ 23,900 |
RSU and PSA [Member] | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Stock Options, RSU and Performance Share Awards | The following table summarizes the activity for RSUs for the year ended December 31, 2015 (units in thousands): Number of RSUs Weighted Average Grant-Date Fair Value Number of RSUs Vested Balance at January 1, 2015 2,521 $ 39.38 106 Granted 693 44.52 Vested and distributed (1,029 ) 38.24 Transferred to LTIP Units (522 ) 39.27 Forfeited (37 ) 42.00 Balance at December 31, 2015 1,626 $ 42.21 109 |
Restricted Operating Partnership Units [Member] | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Stock Options, RSU and Performance Share Awards | The following table summarizes the activity for LTIP Units for the year ended December 31, 2015 (units in thousands): Number of LTIP Units Weighted Average Grant-Date Fair Value Number of LTIP Units Vested Balance at January 1, 2015 113 $ 41.43 - Granted 609 44.88 Transferred from RSUs 522 39.27 Balance at December 31, 2015 1,244 $ 42.21 303 |
OPP LTIP Units [Member] | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Stock Options, RSU and Performance Share Awards | The following table summarizes the activity for the OPP LTIP Units for the year ended December 31, 2015 (units in thousands): Number of OPP LTIP Units Balance at January 1, 2015 2,799 Granted 1,572 Forfeited (907 ) Balance at December 31, 2015 3,464 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Components of Earnings Before Income Taxes | The following table summarizes the components of earnings before income taxes for the years ended December 31 (in thousands): 2015 2014 2013 Domestic $ 511,025 $ 390,874 $ (404,910 ) International 437,580 322,754 741,172 Earnings before income taxes $ 948,605 $ 713,628 $ 336,262 |
Components of Provision for Income Tax | The following table summarizes the components of the provision for income taxes for the years ended December 31 (in thousands): 2015 2014 2013 Current income tax expense (benefit): United States federal $ (11,633 ) $ (6,585 ) $ 20,009 International 27,494 52,155 99,478 State and local 12,286 16,014 8,501 Total current tax expense 28,147 61,584 127,988 Deferred income tax expense (benefit): United States federal (810 ) (27,374 ) (1,133 ) International (4,247 ) (59,866 ) (18,934 ) Total deferred tax benefit (5,057 ) (87,240 ) (20,067 ) Total income tax expense (benefit), included in continuing and discontinued operations $ 23,090 $ (25,656 ) $ 107,921 |
Deferred Income Tax Assets and Liabilities | The following table summarizes the deferred income tax assets and liabilities at December 31 (in thousands): 2015 2014 Gross deferred income tax assets: Net operating loss carryforwards (1) $ 321,144 $ 346,978 Basis difference – real estate properties 89,856 105,205 Basis difference – equity investments 11,242 12,401 Basis difference – intangibles 4,351 5,952 Section 163(j) interest limitation 32,684 32,703 Capital loss carryforward 25,282 25,282 Other – temporary differences 8,993 10,701 Total gross deferred income tax assets 493,552 539,222 Valuation allowance (467,440 ) (518,241 ) Gross deferred income tax assets, net of valuation allowance 26,112 20,981 Gross deferred income tax liabilities: Basis difference – real estate properties 82,160 89,998 Basis difference – intangibles 6,170 7,324 Other – temporary differences 993 716 Total gross deferred income tax liabilities 89,323 98,038 Net deferred income tax liabilities $ 63,211 $ 77,057 |
Summary of Operating Loss Carryforwards | United States Europe Mexico Japan Other Gross NOL carryforward $ 97,295 $ 635,970 $ 266,600 $ 132,672 $ 55,351 Tax-effected NOL carryforward 36,515 163,974 83,612 23,511 13,532 Valuation allowance (36,515 ) (151,811 ) (83,612 ) (23,511 ) (13,532 ) Net deferred tax asset – NOL carryforward $ - $ 12,163 $ - $ - $ - Expiration periods 2022 – 2035 2016 – indefinite 2016 – 2026 2016 – 2024 2016 – indefinite |
Summary of Income Tax Contingencies | The liability for uncertain tax positions principally consisted of estimated federal income tax liabilities and included accrued interest and penalties of $0.3 million at December 31, 2015 and 2014 and $0.9 million at December 31, 2013. A reconciliation of the liability for uncertain tax positions for the years ended December 31 was as follows (in thousands): 2015 2014 2013 Balance at January 1 $ 256 $ 1,318 $ 7,943 Additions for tax positions taken during current year 3,000 - - Additions for tax positions taken during a prior year 8 256 405 Settlements with taxing authorities - - (7,030 ) Reductions due to lapse of applicable statute of limitations - (1,318 ) - Balance at December 31 $ 3,264 $ 256 $ 1,318 |
Earnings Per Common Share or 41
Earnings Per Common Share or Unit (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Earnings Per Share [Abstract] | |
Computation of Basic and Diluted Earnings Per Share Unit | The following table computes our basic and diluted earnings per share and unit for the years ended December 31 (in thousands, except per share and unit amounts): Prologis, Inc. 2015 2014 2013 Net earnings attributable to common stockholders – Basic $ 862,788 $ 622,235 $ 315,422 Net earnings attributable to exchangeable limited partnership units (1) 13,120 3,636 1,305 Gains, net of expenses, associated with exchangeable debt assumed exchanged (2) (1,614 ) - - Adjusted net earnings attributable to common stockholders – Diluted $ 874,294 $ 625,871 $ 316,727 Weighted average common shares outstanding – Basic (3) 521,241 499,583 486,076 Incremental weighted average effect on exchange of limited partnership units (1) 8,569 3,501 2,060 Incremental weighted average effect of equity awards and warrant 1,961 3,307 3,410 Incremental weighted average effect on exchangeable debt assumed exchanged (2) 2,173 - - Weighted average common shares outstanding – Diluted (4) $ 533,944 $ 506,391 $ 491,546 Net earnings per share attributable to common stockholders: Basic $ 1.66 $ 1.25 $ 0.65 Diluted $ 1.64 $ 1.24 $ 0.64 Prologis, L.P. 2015 2014 2013 Net earnings attributable to common and Class A unitholders $ 873,914 $ 624,436 $ 316,630 Net earnings attributable to Class A convertible common unitholders (3,393 ) - - Net earnings attributable to common unitholders – Basic $ 870,521 $ 624,436 $ 316,630 Net earnings attributable to Class A convertible common unitholders 3,393 - - Net earnings attributable to exchangeable limited partnership units 1,994 1,435 97 Gain, net of expenses, associated with exchangeable debt assumed exchanged (2) (1,614 ) - - Adjusted net earnings attributable to common unitholders – Diluted $ 874,294 $ 625,871 $ 316,727 Weighted average common partnership units outstanding – Basic (3) 525,912 501,349 487,936 Incremental weighted average effect on exchange of Class A convertible units 2,050 - - Incremental weighted average effect on exchange of limited partnership units 1,848 1,735 200 Incremental weighted average effect of equity awards and warrant of Prologis, Inc. 1,961 3,307 3,410 Incremental weighted average effect on exchangeable debt assumed exchanged (2) 2,173 - - Weighted average common partnership units outstanding – Diluted (4) 533,944 506,391 491,546 Net earnings per unit attributable to common unitholders: Basic $ 1.66 $ 1.25 $ 0.65 Diluted $ 1.64 $ 1.24 $ 0.64 (1) Earnings allocated to the exchangeable Operating Partnership units not held by the Parent have been included in the numerator and exchangeable Operating Partnership units have been included in the denominator for the purpose of computing diluted earnings per share for all periods as the per share and unit amount is the same. The incremental weighted average exchangeable Operating Partnership units were 4,671, 1,766 and 1,860 for the years ended December 31, 2015, 2014 and 2013, respectively. (2) In March 2015, the exchangeable debt was settled primarily through the issuance of common stock. The adjustment in 2015 assumes the exchange occurred on January 1, 2015. (3) The increase in shares and units between the periods is primarily due to the warrant NBIM exercised in December 2014, the ATM program activity in late 2014 and early 2015 and the conversion of exchangeable debt to shares and units in March 2015. (4) Our total potentially dilutive shares and units outstanding consisted of the following: 2015 2014 2013 Total weighted average potentially dilutive limited partnership units 3,898 1,932 1,558 Total potentially dilutive stock awards and warrant 7,299 14,366 13,998 Total weighted average potentially dilutive shares and units from exchangeable debt 2,173 11,879 11,879 |
Financial Instruments and Fai42
Financial Instruments and Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Foreign Currency Contracts Activity | The following table summarizes the activity in our foreign currency contracts for the years ended December 31 (in millions, except for weighted average forward rates and number of active contracts): 2015 Net Investment Forward Contracts Forward and Option Contracts Local Currency EUR GBP JPY CAD EUR (1) GBP (1) (2) JPY (1) Other (1) Notional amounts at January 1 € 300 £ 238 ¥ 24,136 $ - € 284 £ - ¥ - New contracts - 118 43,373 394 333 199 18,740 Matured or expired contracts (300 ) (118 ) (67,509 ) (394 ) (342 ) (102 ) (5,900 ) Notional amounts at December 31 € - £ 238 ¥ - $ - € 275 £ 97 ¥ 12,840 U.S. Dollar Notional amounts at January 1 $ 400 $ 400 $ 250 $ - $ 354 $ - $ - $ - New contracts - 186 353 298 375 300 159 71 Matured or expired contracts (400 ) (200 ) (603 ) (298 ) (419 ) (152 ) (50 ) (21 ) Notional amounts at December 31 $ - $ 386 $ - $ - $ 310 $ 148 $ 109 $ 50 Weighted average forward rate at December 31 - 1.62 - - 1.13 1.31 118.23 Active contracts at December 31 - 3 - - 19 16 16 20 2014 2013 Net Investment Forward Contracts Forward and Option Contracts (1) Net Investment Forward Contracts Local Currency EUR GBP JPY EUR EUR JPY Notional amounts at January 1 € 600 £ - ¥ 24,136 € - € 1,000 ¥ - New contracts 1,746 238 79,010 365 600 24,136 Matured or expired contracts (2,046 ) - (79,010 ) (81 ) (1,000 ) - Notional amounts at December 31 € 300 £ 238 ¥ 24,136 € 284 € 600 ¥ 24,136 U.S. Dollar Notional amounts at January 1 $ 800 $ - $ 250 $ - $ 1,304 $ - New contracts 2,354 400 769 464 800 250 Matured or expired contracts (2,754 ) - (769 ) (110 ) (1,304 ) - Notional amounts at December 31 $ 400 $ 400 $ 250 $ 354 $ 800 $ 250 (1) During 2015 and 2014, we exercised 32 and 3 option contracts and realized gains of $14.6 million and $1.1 million, respectively, in Foreign Currency and Derivative Gains (Losses) and Related Amortization, Net (2) Included in our British pounds sterling denominated option contracts are three forward contracts to sell British pounds sterling and buy euros. These forwards have a notional amount of £16.0 million (€21.5 million) and were reported in this table using a weighted average exchange rate of $1.09 U.S. dollars to the euro. |
Summary of Activity in Interest Rate Swaps | The following table summarizes the activity in our interest rate swaps for the years ended December 31 (in millions, except for the number of active contracts): 2015 (1) 2014 2013 Notional amounts at January 1 $ 398 $ 71 $ 1,315 New contracts (2) (3) 1,396 398 - Matured or expired contracts (3) (4) (360 ) (71 ) (1,244 ) Notional amounts at December 31 $ 1,434 $ 398 $ 71 (1) We had seven interest rate swaps hedges outstanding at December 31, 2015. (2) During 2015, we entered into two contracts with a notional amount of $526.3 million (¥65.0 billion) on the 2015 Yen Term Loan and three contracts with a notional amount of CAD $371.9 million ($510.0 million) on the Canadian Term Loan to effectively fix the interest rates. During 2014, we entered into two contracts with a notional amount of $398.3 million (¥40.9 billion) to effectively fix the interest rate on the 2014 Yen Term Loan. See Note 9 for more information on the 2015 Yen Term Loan. (3) In the third quarter of 2015, we entered into two contracts with a notional amount of $360.0 million to effectively fix the interest rate at the three month LIBOR rate of 2.3% on expected future debt issuances. These contracts were designated as interest rate forward hedges. These contracts were settled in the fourth quarter of 2015 when we entered into the $750.0 million of senior notes. We recorded a loss of $11.0 million associated with these derivatives that will be amortized to Interest Expense (4) During 2013, we settled 13 contracts with a notional value of $333.5 million, and contributed 13 contracts with a notional value of $383.9 million related to the transfer of assets to the newly formed PELP co-investment venture. We also settled five contracts in Japan with a notional value of $526.4 million in connection with the contributions of properties to NPR. |
Schedule of Fair Value of Derivative Instruments | The following table presents the fair value of our derivative instruments at December 31 (in thousands): 2015 2014 Asset Liability Asset Liability Net investment hedges – euro denominated (1) $ - $ - $ 22,891 $ - Net investment hedges – pound sterling denominated 33,471 - 29,097 - Net investment hedges – yen denominated (1) - - 46,934 - Cash flow hedge foreign currency options – peso denominated - 88 - - Foreign currency options – Canadian dollar denominated (2) 3,324 - - - Foreign currency options – euro denominated (2) 11,711 84 7,742 - Foreign currency options – pound sterling denominated (2) 4,241 745 - - Foreign currency options – yen denominated (2) 832 717 - - Interest rate hedges - 12,095 - 1,395 Total fair value of derivatives $ 53,579 $ 13,729 $ 106,664 $ 1,395 (1) During the second quarter of 2015, we terminated our euro and yen denominated net investment hedges. See below for additional information about the gains recognized upon termination. (2) As discussed above, these foreign currency options are not designated as hedges. We recognized gains of $22.1 million and $7.7 million in Foreign Currency and Derivative Losses and Related Amortization, Net |
Summary of Gains (Losses) From Change in Fair Value of Derivative Instruments Included in Other Comprehensive Income | The following table presents the gains and (losses) associated with the change in fair value for the effective portion of our derivative and nonderivative instruments included in Other Comprehensive Income 2015 2014 2013 Derivative net investment hedges (1) $ 63,934 $ 122,164 $ 17,847 Interest rate hedges (2) (21,602 ) (804 ) (69 ) Cash flow hedges (112 ) - - Our share of derivatives from unconsolidated co-investment ventures 4,257 (5,694 ) 19,659 Total gain on derivative instruments 46,477 115,666 37,437 Nonderivative net investment hedges (3) 321,148 321,196 (14,910 ) Total gain on derivative and nonderivative hedging instruments $ 367,625 $ 436,862 $ 22,527 (1) We received $128.2 million, $13.0 million and $7.8 million for the years ended December 31, 2015, 2014 and 2013, respectively, on the settlement of net investment hedges. (2) The amounts reclassified to interest expense for the years ended December 31, 2015, 2014 and 2013, respectively, were not considered significant. For the next 12 months from December 31, 2015, we estimate an additional expense of $5.6 million will be reclassified to Interest Expense (3) At December 31, 2015, 2014 and 2013, we had €3.2 billion ($3.5 billion), €2.5 billion ($3.0 billion) and €700 million ($1.0 billion) of debt, net of accrued interest, respectively, designated as nonderivative financial instrument hedges of our net investment in international subsidiaries. We had €97.6 million ($118.5 million) of debt that was not designated as a nonderivative financial instrument hedge at December 31, 2014. We recognized unrealized gains of $10.0 million and $7.5 million in Foreign Currency and Derivative Gains (Losses) and Related Amortization, Net |
Carrying Amounts and Estimated Fair Values of Debt | The following table reflects the carrying amounts and estimated fair values of our debt at December 31 (in thousands): 2015 2014 Carrying Value Fair Value Carrying Value Fair Value Credit Facilities $ - $ - $ - $ - Senior notes 6,516,392 6,801,118 6,046,965 6,593,657 Exchangeable senior notes - - 456,373 511,931 Term loans and other debt 2,115,457 2,128,270 584,124 591,810 Secured mortgage debt 1,172,473 1,262,778 1,042,628 1,173,488 Secured mortgage debt of consolidated entities 1,822,509 1,825,361 1,206,887 1,209,271 Total debt $ 11,626,831 $ 12,017,527 $ 9,336,977 $ 10,080,157 |
Business Segments (Tables)
Business Segments (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Segment Reporting [Abstract] | |
Segment Reporting, Reconciliation of Revenues, Operating Income and Assets | The following reconciliations are presented in thousands: Years Ended December 31, 2015 2014 2013 Revenues (1): Real estate operations: Americas $ 1,859,393 $ 1,403,564 $ 1,288,925 Europe 69,527 74,413 174,397 Asia 57,792 62,939 107,692 Total Real Estate Operations segment 1,986,712 1,540,916 1,571,014 Strategic capital: Americas 61,684 95,168 72,474 Europe 112,793 86,549 63,794 Asia 35,885 38,154 43,204 Total Strategic Capital segment 210,362 219,871 179,472 Total revenues $ 2,197,074 $ 1,760,787 $ 1,750,486 Net operating income: Real estate operations: Americas $ 1,296,387 $ 1,000,773 $ 899,053 Europe 39,672 40,627 116,178 Asia 40,741 45,262 76,863 Total Real Estate Operations segment 1,376,800 1,086,662 1,092,094 Strategic capital: Americas 14,215 42,042 18,785 Europe 86,725 57,266 41,263 Asia 21,004 24,067 30,145 Total Strategic Capital segment 121,944 123,375 90,193 Total segment net operating income 1,498,744 1,210,037 1,182,287 Reconciling items: General and administrative expenses (238,199 ) (247,768 ) (229,207 ) Depreciation and amortization expenses (880,373 ) (642,461 ) (648,668 ) Earnings from unconsolidated entities, net 159,262 134,288 97,220 Interest expense (301,363 ) (308,885 ) (379,327 ) Interest and other income, net 25,484 25,768 26,948 Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net 758,887 725,790 597,656 Foreign currency and derivative gains (losses) and related amortization, net 12,466 (17,841 ) (33,633 ) Losses on early extinguishment of debt, net (86,303 ) (165,300 ) (277,014 ) Total reconciling items (550,139 ) (496,409 ) (846,025 ) Earnings before income taxes $ 948,605 $ 713,628 $ 336,262 December 31, 2015 2014 Assets (2): Real estate operations: Americas $ 22,949,838 $ 17,432,909 Europe 1,291,991 1,820,529 Asia 1,157,401 926,645 Total Real Estate Operations segment 25,399,230 20,180,083 Strategic capital (3): Americas 19,363 20,635 Europe 49,960 54,577 Asia 2,005 2,718 Total Strategic Capital segment 71,328 77,930 Total segment assets 25,470,558 20,258,013 Reconciling items: Investments in and advances to unconsolidated entities 4,755,620 4,824,724 Assets held for sale or contribution 378,423 43,934 Notes receivable backed by real estate 235,050 - Cash and cash equivalents 264,080 350,692 Other assets 291,036 297,638 Total reconciling items 5,924,209 5,516,988 Total assets $ 31,394,767 $ 25,775,001 (1) Includes revenues attributable to the United States for the years ended December 31, 2015, 2014 and 2013 of $1.9 billion, $1.4 billion and $1.1 billion, respectively. (2) Includes long-lived assets attributable to the United States at December 31, 2015, and 2014 of $23.2 billion and $17.3 billion, respectively. (3) Represents management contracts and goodwill recorded in connection with business combinations associated with the Strategic Capital segment. Goodwill was $25.3 million at December 31, 2015, and 2014. |
Selected Quarterly Financial 44
Selected Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Quarterly Financial Information Disclosure [Abstract] | |
Selected Quarterly Financial Data | The following table details our selected quarterly data (in thousands, except per share and unit data): Three Months Ended, Prologis, Inc. March 31, June 30, September 30, December 31, 2015: Total revenues $ 462,847 $ 510,404 $ 580,622 $ 643,201 Operating income $ 83,881 $ 87,348 $ 103,392 $ 105,551 Consolidated net earnings $ 351,312 $ 140,260 $ 307,186 $ 126,757 Net earnings attributable to common stockholders $ 345,206 $ 140,240 $ 258,979 $ 118,363 Net earnings per share attributable to common stockholders – Basic (1) $ 0.67 $ 0.27 $ 0.49 $ 0.23 Net earnings per share attributable to common stockholders – Diluted (1) (2) $ 0.65 $ 0.27 $ 0.49 $ 0.23 2014: Total revenues $ 434,682 $ 460,089 $ 415,151 $ 450,865 Operating income $ 71,466 $ 95,274 $ 78,112 $ 74,956 Consolidated net earnings $ 12,003 $ 152,430 $ 147,127 $ 427,724 Net earnings attributable to common stockholders $ 4,666 $ 72,715 $ 136,245 $ 408,609 Net earnings per share attributable to common stockholders – Basic (1) $ 0.01 $ 0.15 $ 0.27 $ 0.82 Net earnings per share attributable to common stockholders – Diluted (1) (2) $ 0.01 $ 0.13 $ 0.23 $ 0.81 Prologis, L.P. 2015: Total revenues $ 462,847 $ 510,404 $ 580,622 $ 643,201 Operating income $ 83,881 $ 87,348 $ 103,392 $ 105,551 Consolidated net earnings $ 351,312 $ 140,260 $ 307,186 $ 126,757 Net earnings attributable to common unitholders $ 346,488 $ 141,538 $ 262,155 $ 123,733 Net earnings per unit attributable to common unitholders – Basic (1) $ 0.67 $ 0.27 $ 0.49 $ 0.23 Net earnings per unit attributable to common unitholders – Diluted (1) (2) $ 0.65 $ 0.27 $ 0.49 $ 0.23 2014: Total revenues $ 434,682 $ 460,089 $ 415,151 $ 450,865 Operating income $ 71,466 $ 95,274 $ 78,112 $ 74,956 Consolidated net earnings $ 12,003 $ 152,430 $ 147,127 $ 427,724 Net earnings attributable to common unitholders $ 4,683 $ 72,973 $ 136,738 $ 410,042 Net earnings per unit attributable to common unitholders – Basic (1) $ 0.01 $ 0.15 $ 0.27 $ 0.82 Net earnings per unit attributable to common unitholders – Diluted (1) (2) $ 0.01 $ 0.13 $ 0.23 $ 0.81 (1) Quarterly earnings per common share or unit amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common shares or units outstanding included in the calculation of basic and diluted shares or units. (2) Income allocated to the exchangeable Operating Partnership units not held by the Parent has been included in the numerator and exchangeable Operating Partnership units have been included in the denominator for the purpose of computing diluted earnings per share for all periods since the per share and unit is the same. |
Description of Business - Addit
Description of Business - Additional Information (Detail) shares in Millions | 12 Months Ended |
Dec. 31, 2015Segmentshares | |
Description Of Business And Basis Of Presentation [Line Items] | |
Number of reportable segments | Segment | 2 |
Percentage of common limited partnership interest | 2.88% |
Class A Common [Member] | |
Description Of Business And Basis Of Presentation [Line Items] | |
Class of common limited partnership units designated as class A common units | shares | 8.9 |
General Partner | |
Description Of Business And Basis Of Presentation [Line Items] | |
Percentage of ownership in operating partnership | 97.12% |
Preferred [Member] | |
Description Of Business And Basis Of Presentation [Line Items] | |
Percentage of ownership in operating partnership | 100.00% |
Summary of Significant Accoun46
Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Schedule Of Significant Accounting Policies [Line Items] | ||
Consolidation percentage if not wholly owned but controlled | Less than 100% of the equity | |
Percentage of occupancy for stabilization | 90.00% | |
Period after completion of construction for commencement of depreciation | 1 year | |
Estimated useful lives | 40 years | |
Average lease term period | 6 years | |
Depreciation commencement description | Depreciation commences when the asset is ready for its intended use, which we define as the earlier of stabilization (90% occupied) or one year after completion of construction. | |
Maximum length of time hedged in future cash flow hedge | 10 years | |
Noncontrolling interests in real estate entities | 100.00% | |
Percentage of taxable income distribute | 100.00% | |
Unamortized debt issuance expense | $ 52.3 | $ 43.2 |
Capital Improvements [Member] | Minimum [Member] | ||
Schedule Of Significant Accounting Policies [Line Items] | ||
Estimated useful lives | 5 years | |
Capital Improvements [Member] | Maximum [Member] | ||
Schedule Of Significant Accounting Policies [Line Items] | ||
Estimated useful lives | 7 years | |
Standard Tenant Improvements [Member] | ||
Schedule Of Significant Accounting Policies [Line Items] | ||
Estimated useful lives | 10 years | |
Depreciable and Land Improvements [Member] | ||
Schedule Of Significant Accounting Policies [Line Items] | ||
Estimated useful lives | 25 years | |
Operating Properties [Member] | ||
Schedule Of Significant Accounting Policies [Line Items] | ||
Estimated useful lives | 30 years |
Business Combinations - Additio
Business Combinations - Additional Information (Detail) ft² in Thousands, $ in Thousands, shares in Millions | May. 29, 2015USD ($)ft²Propertyshares | Oct. 20, 2014USD ($) | Jun. 30, 2015USD ($) | Dec. 31, 2015USD ($)shares | Dec. 31, 2014USD ($)ft²Propertyshares | Dec. 31, 2013USD ($)ft²PropertyVenture | Dec. 31, 2015USD ($) | Jan. 31, 2014 | Oct. 02, 2013USD ($) | Aug. 06, 2013USD ($)Property | |||
Business Acquisition [Line Items] | |||||||||||||
Noncontrolling interests in real estate entities | 100.00% | 100.00% | |||||||||||
Business acquisition, common limited partnership units issued | shares | 6.4 | 1.8 | |||||||||||
Acquisition costs incurred | $ 24,700 | ||||||||||||
Rental revenue of properties acquired | $ 235,700 | ||||||||||||
Rental expenses of properties acquired | $ 56,900 | ||||||||||||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | $ 758,887 | $ 725,790 | $ 715,758 | ||||||||||
Number of unconsolidated Co-investment Ventures | Venture | 3 | ||||||||||||
KTR Capital Partners and Affiliates [Member] | |||||||||||||
Business Acquisition [Line Items] | |||||||||||||
Contribution received from venture partner | $ 2,300,000 | ||||||||||||
Business acquisition, common limited partnership units issued | shares | 4.7 | ||||||||||||
Total purchase price | $ 4,990,669 | ||||||||||||
Prologis North American Industrial Fund [Member] | |||||||||||||
Business Acquisition [Line Items] | |||||||||||||
Parent Company's Ownership Percentage Before Acquisition | 23.10% | ||||||||||||
Parent Company's Ownership Percentage After Acquisition | 66.10% | ||||||||||||
Equity method investment | $ 679,000 | ||||||||||||
Total purchase price | $ 46,800 | 1,100,000 | |||||||||||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 201,300 | ||||||||||||
Rental revenue included in pro forma result | 49,200 | ||||||||||||
Rental expenses included in pro forma result | $ 13,300 | ||||||||||||
Unconsolidated Co-investment Ventures [Member] | |||||||||||||
Business Acquisition [Line Items] | |||||||||||||
Number of buildings | Property | 231 | 58 | |||||||||||
Square feet | ft² | 45,663 | 16,319 | |||||||||||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | $ 34,800 | ||||||||||||
Prologis SGP Mexico [Member] | |||||||||||||
Business Acquisition [Line Items] | |||||||||||||
Ownership interest in the venture, percentage | 78.40% | ||||||||||||
Business acquisition purchase price allocation real estate properties | $ 409,500 | ||||||||||||
Business acquisition purchase price allocation other assets | 4,000 | ||||||||||||
Business acquisition purchase price allocation other liabilities | $ 158,400 | ||||||||||||
Prologis North American Industrial Fund III [Member] | |||||||||||||
Business Acquisition [Line Items] | |||||||||||||
Ownership interest in the venture, percentage | 80.00% | ||||||||||||
Business acquisition purchase price allocation real estate properties | $ 519,200 | ||||||||||||
Business acquisition purchase price allocation other assets | $ 22,000 | ||||||||||||
Number of properties sold | Property | 73 | ||||||||||||
Ownership percentage in joint venture | 55.00% | ||||||||||||
Prologis US Logistics Venture [Member] | |||||||||||||
Business Acquisition [Line Items] | |||||||||||||
Noncontrolling interests in real estate entities | 55.00% | 55.00% | [1] | 55.00% | [1] | 55.00% | [1] | ||||||
Contribution received from venture partner | $ 2,300,000 | ||||||||||||
Prologis US Logistics Venture [Member] | KTR Capital Partners and Affiliates [Member] | |||||||||||||
Business Acquisition [Line Items] | |||||||||||||
Number of buildings | Property | 315 | ||||||||||||
Square feet | ft² | 59,000 | ||||||||||||
Area of properties under development | ft² | 3,600 | ||||||||||||
Area of properties to support potential build out | ft² | 6,800 | ||||||||||||
Prologis US Logistics Venture [Member] | KTR Capital Partners and Affiliates [Member] | Common Limited Partnership Units | |||||||||||||
Business Acquisition [Line Items] | |||||||||||||
Business acquisition, common limited partnership units issued | shares | 4.5 | ||||||||||||
[1] | As discussed in Note 3, USLV acquired a portfolio of properties from KTR in May 2015. We received a contribution of $2.3 billion from our venture partner to fund their share of this acquisition. |
Business Combinations - Allocat
Business Combinations - Allocation of Purchase Price (Detail) - USD ($) $ in Thousands | May. 29, 2015 | Oct. 20, 2014 | Dec. 31, 2014 |
KTR Capital Partners and Affiliates [Member] | |||
Business Acquisition [Line Items] | |||
Investments in real estate properties | $ 5,440,923 | ||
Intangible assets, net of intangible liabilities | 332,708 | ||
Accounts receivable and other assets | 7,632 | ||
Debt, including premium | (735,172) | ||
Accounts payable, accrued expenses and other liabilities | (55,422) | ||
Total estimated purchase price | 4,990,669 | ||
Noncontrolling interests | (2,253,234) | ||
Common limited partnership units issued in the Operating Partnership | (181,170) | ||
Total purchase price | $ 2,556,265 | ||
Prologis North American Industrial Fund [Member] | |||
Business Acquisition [Line Items] | |||
Investments in real estate properties | $ 2,658,252 | ||
Intangible assets, net of intangible liabilities | 138,185 | ||
Cash | 87,780 | ||
Accounts receivable and other assets | 5,664 | ||
Debt, including premium | (1,195,213) | ||
Accounts payable, accrued expenses and other liabilities | (57,655) | ||
Total estimated purchase price | $ 46,800 | 1,100,000 | |
Noncontrolling interests | (554,493) | ||
Total purchase price | $ 1,082,520 |
Business Combinations - Schedul
Business Combinations - Schedule of Unaudited Pro Forma Financial Information (Detail) - KTR Capital Partners and Affiliates [Member] - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Business Acquisition [Line Items] | ||
Total revenues | $ 2,358,643 | $ 2,064,724 |
Net earnings attributable to common stockholders | $ 866,753 | $ 537,861 |
Net earnings per share attributable to common stockholders – Basic | $ 1.66 | $ 1.08 |
Net earnings per share attributable to common stockholders – Diluted | $ 1.65 | $ 1.07 |
Real Estate - Investments in Re
Real Estate - Investments in Real Estate Properties (Detail) ft² in Thousands, $ in Thousands | Dec. 31, 2015USD ($)ft²Buildings | Dec. 31, 2014USD ($)ft²Buildings |
Real Estate Properties [Line Items] | ||
Total investments in real estate properties | $ 27,521,368 | $ 22,190,145 |
Less accumulated depreciation | 3,274,284 | 2,790,781 |
Net investments in real estate properties | 24,247,084 | 19,399,364 |
Improved Land [Member] | ||
Real Estate Properties [Line Items] | ||
Total investments in real estate properties | $ 5,874,052 | $ 4,227,637 |
Building and Improvements [Member] | ||
Real Estate Properties [Line Items] | ||
Square Feet and Acres | ft² | 333,830 | 282,282 |
Number of buildings | Buildings | 1,872 | 1,607 |
Total investments in real estate properties | $ 17,861,693 | $ 14,407,815 |
Development Portfolio, Including Cost of Land: Pre-stabilized [Member] | ||
Real Estate Properties [Line Items] | ||
Square Feet and Acres | ft² | 12,598 | 7,448 |
Number of buildings | Buildings | 28 | 24 |
Total investments in real estate properties | $ 918,099 | $ 547,982 |
Properties Under Development [Member] | ||
Real Estate Properties [Line Items] | ||
Square Feet and Acres | ft² | 19,630 | 22,844 |
Number of buildings | Buildings | 63 | 55 |
Total investments in real estate properties | $ 954,804 | $ 925,998 |
Land [Member] | ||
Real Estate Properties [Line Items] | ||
Square Feet and Acres | ft² | 7,404 | 9,017 |
Total investments in real estate properties | $ 1,359,794 | $ 1,577,786 |
Other Real Estate Investments [Member] | ||
Real Estate Properties [Line Items] | ||
Total investments in real estate properties | $ 552,926 | $ 502,927 |
Real Estate - Summary of Acquis
Real Estate - Summary of Acquisition (Detail) ft² in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2014USD ($)ft²Property | Dec. 31, 2013USD ($)ft²Property | Dec. 31, 2015USD ($)ft²Property | Dec. 31, 2012USD ($) | |
Business Acquisition [Line Items] | ||||
Real estate acquisition value | $ 20,109,432 | $ 18,822,081 | $ 25,608,648 | $ 23,559,891 |
Third Parties [Member] | ||||
Business Acquisition [Line Items] | ||||
Number of buildings | Property | 8 | 12 | 52 | |
Square feet | ft² | 1,004 | 3,262 | 7,375 | |
Real estate acquisition value | $ 78,314 | $ 146,331 | $ 829,598 | |
Unconsolidated Co-investment Ventures [Member] | ||||
Business Acquisition [Line Items] | ||||
Number of buildings | Property | 231 | 58 | ||
Square feet | ft² | 45,663 | 16,319 | ||
Real estate acquisition value | $ 2,658,252 | $ 1,141,128 | ||
Gains on revaluation of equity investments upon acquisition of a controlling interest | $ 201,319 | $ 34,787 |
Real Estate - Summary of Dispos
Real Estate - Summary of Dispositions (Detail) ft² in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2015USD ($)ft²Property | Dec. 31, 2014USD ($)ft²Property | Dec. 31, 2013USD ($)ft²Property | ||
Continuing Operations [Member] | Contributions to unconsolidated co-investment ventures [Member] | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of buildings | Property | 31 | 126 | 254 | |
Square feet | ft² | 8,355 | 25,247 | 71,503 | |
Net proceeds | $ 835,385 | $ 1,825,311 | $ 6,479,707 | |
Net gains on contributions | $ 148,987 | $ 188,268 | 555,196 | |
Continuing Operations [Member] | Dispositions to Third Parties [Member] | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of buildings | Property | 136 | 145 | ||
Square feet | ft² | 23,024 | 19,856 | ||
Net proceeds | $ 2,352,645 | $ 1,365,318 | 177,273 | |
Net gains on contributions | $ 609,900 | $ 336,203 | $ 7,673 | |
Discontinued Operations [Member] | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Number of buildings | Property | 89 | |||
Square feet | ft² | 9,196 | |||
Net proceeds | $ 608,286 | |||
Net gains on dispositions, including related impairment charges and taxes | [1] | $ 116,550 | ||
[1] | We recorded $1.2 million of income tax expense in 2013 related to the disposition of properties in discontinued operations. |
Real Estate - Summary of Disp53
Real Estate - Summary of Dispositions (Parenthetical) (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Income Tax Expense | $ 23,090 | $ (25,656) | $ 106,733 |
Discontinued Operations [Member] | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Income Tax Expense | $ 1,200 |
Real Estate - Additional Inform
Real Estate - Additional Information (Detail) $ / shares in Units, shares in Millions, ft² in Millions, $ in Millions, € in Billions, ¥ in Billions | 3 Months Ended | 12 Months Ended | |||||
Dec. 31, 2014USD ($) | Jun. 30, 2014USD ($)ft²Property | Mar. 31, 2013USD ($)ft²Property$ / sharesshares | Mar. 31, 2013JPY (¥)Propertyshares | Mar. 31, 2013EUR (€)Propertyshares | Dec. 31, 2015 | Dec. 31, 2014USD ($) | |
Real Estate Properties [Line Items] | |||||||
Gain recognized on disposition of investments in real estate | $ 52.5 | $ 1.8 | |||||
Equity Method Investment Income Tax Expense | 32.4 | ||||||
Deferred tax benefit recognized on disposition of investments in real estate | 55.5 | ||||||
Earnings attributable to non controlling interest | $ 61 | ||||||
Average lease term period | 6 years | ||||||
Minimum lease payments on leases periods | Greater than one year | ||||||
Minimum [Member] | |||||||
Real Estate Properties [Line Items] | |||||||
Operating leases lease term | 1 year | ||||||
Maximum [Member] | |||||||
Real Estate Properties [Line Items] | |||||||
Operating leases lease term | 74 years | ||||||
Operating Lease Revenue Largest Customer [Member] | Customer Concentration Risk [Member] | |||||||
Real Estate Properties [Line Items] | |||||||
Net effective rent from 25 largest customers | 4.50% | ||||||
Operating Lease Revenue Twenty Five Largest Customers [Member] | Customer Concentration Risk [Member] | |||||||
Real Estate Properties [Line Items] | |||||||
Net effective rent from 25 largest customers | 20.00% | ||||||
Nippon Prologis REIT Inc [Member] | |||||||
Real Estate Properties [Line Items] | |||||||
Number of properties purchased | Property | 12 | 12 | 12 | ||||
Square feet | ft² | 9.6 | ||||||
Gain recognized on disposition of investments in real estate | $ 337.9 | ||||||
Deferred tax benefit recognized on disposition of investments in real estate | 59.6 | ||||||
Total estimated purchase price | $ 1,900 | ¥ 173 | |||||
FIBRA Prologis [Member] | |||||||
Real Estate Properties [Line Items] | |||||||
Number of properties purchased | Property | 177 | ||||||
Square feet | ft² | 29.7 | ||||||
Difference between amount received and noncontrolling interests | $ 34.6 | ||||||
Wholly Owned Portfolio [Member] | |||||||
Real Estate Properties [Line Items] | |||||||
Square feet | ft² | 12.6 | ||||||
Mexico Fondo Logistico [Member] | |||||||
Real Estate Properties [Line Items] | |||||||
Square feet | ft² | 7.6 | ||||||
Prologis Mexico Industrial Fund [Member] | |||||||
Real Estate Properties [Line Items] | |||||||
Square feet | ft² | 9.5 | ||||||
Prologis European Logistics Partners [Member] | |||||||
Real Estate Properties [Line Items] | |||||||
Number of properties purchased | Property | 195 | 195 | 195 | ||||
Square feet | ft² | 48.7 | ||||||
Purchase price of portfolio | $ 3,000 | € 2.3 | |||||
Norges Bank Investment Management [Member] | |||||||
Real Estate Properties [Line Items] | |||||||
Shares issued upon exercise of warrants | shares | 6 | 6 | 6 | ||||
Common Stock Issued In Exercise Of Warrants Per Share | $ / shares | $ 35.64 | ||||||
Proceeds from exercise of warrant | $ 213.8 | $ 213.8 |
Real Estate - Future Minimum Re
Real Estate - Future Minimum Rental Payments under Non-Cancelable Operating Leases (Detail) $ in Thousands | Dec. 31, 2015USD ($) |
Real Estate [Abstract] | |
2,016 | $ 1,565,119 |
2,017 | 1,372,310 |
2,018 | 1,131,572 |
2,019 | 886,821 |
2,020 | 711,827 |
Thereafter | 2,456,484 |
Total | $ 8,124,133 |
Real Estate - Operating Propert
Real Estate - Operating Properties and Leases (Detail) $ in Thousands | Dec. 31, 2015USD ($) |
Real Estate [Abstract] | |
2,016 | $ 32,183 |
2,017 | 29,540 |
2,018 | 27,769 |
2,019 | 25,144 |
2,020 | 24,116 |
Thereafter | 220,625 |
Total | $ 359,377 |
Unconsolidated Entities - Summa
Unconsolidated Entities - Summary of Investments (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Schedule Of Equity Method Investments [Line Items] | ||
Other ventures | $ 4,755,620 | $ 4,824,724 |
Unconsolidated Co-Investment Ventures [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Other ventures | 4,585,427 | 4,665,918 |
Other Joint Ventures [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Other ventures | $ 170,193 | $ 158,806 |
Unconsolidated Entities - Infor
Unconsolidated Entities - Information About Investments in Co-investment Ventures by Property Funds (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Investment in and Advances to unconsolidated investees | $ 4,755,620 | $ 4,824,724 |
Unconsolidated Co-investment Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 0.00% | 0.00% |
Investment in and Advances to unconsolidated investees | $ 4,585,427 | $ 4,665,918 |
Prologis Targeted U.S. Logistics Fund [Member] | Unconsolidated Co-investment Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 22.50% | 24.30% |
Investment in and Advances to unconsolidated investees | $ 689,408 | $ 712,044 |
Fibra Prologis [Member] | Unconsolidated Co-investment Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 45.90% | 45.90% |
Investment in and Advances to unconsolidated investees | $ 569,800 | $ 589,627 |
Prologis Brazil Logistics Partners Fund and Related Joint Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 50.00% | |
Prologis Brazil Logistics Partners Fund and Related Joint Ventures [Member] | Unconsolidated Co-investment Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 0.00% | 0.00% |
Investment in and Advances to unconsolidated investees | $ 216,668 | $ 235,496 |
Prologis Europe Logistics Fund FCP-FIS [Member] | Unconsolidated Co-investment Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 41.60% | 43.20% |
Investment in and Advances to unconsolidated investees | $ 480,401 | $ 458,702 |
Prologis European Properties Fund II [Member] | Unconsolidated Co-investment Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 31.30% | 31.10% |
Investment in and Advances to unconsolidated investees | $ 410,984 | $ 488,503 |
Europe Logistics Venture 1 [Member] | Unconsolidated Co-investment Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 15.00% | 15.00% |
Investment in and Advances to unconsolidated investees | $ 53,960 | $ 56,127 |
Prologis European Logistics Partners [Member] | Unconsolidated Co-investment Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 50.00% | 50.00% |
Investment in and Advances to unconsolidated investees | $ 1,762,291 | $ 1,769,720 |
Nippon Prologis REIT Inc [Member] | Unconsolidated Co-investment Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 15.10% | 15.10% |
Investment in and Advances to unconsolidated investees | $ 300,822 | $ 303,178 |
Prologis China Logistics Venture 1 and 2 [Member] | Unconsolidated Co-investment Ventures [Member] | ||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | ||
Ownership Percentage in property fund | 15.00% | 15.00% |
Investment in and Advances to unconsolidated investees | $ 101,093 | $ 52,521 |
Unconsolidated Entities - Inf59
Unconsolidated Entities - Information About Investments in Co-investment Ventures by Property Funds (Parenthetical) (Detail) $ / shares in Units, € in Millions, $ in Millions | 1 Months Ended | 12 Months Ended | |||||
Dec. 31, 2015USD ($)$ / sharesshares | Dec. 31, 2015EUR (€) | Dec. 31, 2015USD ($)$ / sharesshares | Dec. 31, 2015MXN / shares | Dec. 31, 2015¥ / shares | Dec. 31, 2014USD ($) | Apr. 30, 2013$ / shares | |
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | |||||||
Closing price of common stock | $ / shares | $ 41.60 | ||||||
Percentage of equity interest holds in unconsolidated joint venture | 50.00% | ||||||
Prologis Targeted Europe Logistics Fund [Member] | |||||||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | |||||||
Redemption requests for a portion of our investment | $ 201.4 | € 185 | |||||
Prologis Targeted U.S. Logistics Fund [Member] | |||||||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | |||||||
Redemption requests for a portion of our investment | $ | $ 200 | ||||||
Prologis Mexico Industrial Fund [Member] | |||||||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | |||||||
Units outstanding | shares | 291,100,000 | 291,100,000 | |||||
Closing price of common stock | (per share) | $ 1.51 | $ 1.51 | MXN 26.12 | ||||
Prologis Brazil Logistics Partners Fund and Related Joint Ventures [Member] | |||||||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | |||||||
Ownership Percentage in property fund | 50.00% | 50.00% | |||||
Prologis Brazil Logistics Partners Fund and Related Joint Ventures [Member] | Minimum [Member] | |||||||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | |||||||
Ownership Percentage in property fund | 5.00% | 5.00% | |||||
Prologis Brazil Logistics Partners Fund and Related Joint Ventures [Member] | Maximum [Member] | |||||||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | |||||||
Ownership Percentage in property fund | 50.00% | 50.00% | |||||
Nippon Prologis REIT Inc [Member] | |||||||
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items] | |||||||
Units outstanding | shares | 261,310 | 261,310 | |||||
Closing price of common stock | (per share) | $ 1,815 | $ 1,815 | ¥ 218,500 | ||||
Intercompany notes receivable | $ | $ 85.2 | $ 85.2 | $ 85.9 |
Unconsolidated Entities - Sum60
Unconsolidated Entities - Summary of Unconsolidated Co-investment Ventures (Detail) - Unconsolidated Co-Investment Ventures [Member] $ in Thousands, ft² in Millions | 12 Months Ended | |||||
Dec. 31, 2015USD ($)ft²PropertyVenture | Dec. 31, 2014USD ($)ft²PropertyVenture | Dec. 31, 2013USD ($)ft²PropertyVenture | ||||
Schedule Of Equity Method Investments [Line Items] | ||||||
Number of ventures | Venture | 9 | 9 | 10 | |||
Number of properties owned | Property | 1,350 | 1,278 | 1,323 | |||
Square feet | ft² | 276.5 | 260.7 | 264.3 | |||
Total assets | $ 22,553,000 | $ 22,616,000 | $ 23,818,000 | |||
Third-party debt | 6,250,000 | 6,531,000 | 7,665,000 | |||
Total liabilities | 7,593,000 | 7,649,000 | 9,143,000 | |||
Our investment balance | [1] | 4,585,000 | 4,666,000 | 4,250,000 | ||
Revenues | 1,832 | 1,992 | [2] | 1,727 | [2] | |
Net operating income | 1,418 | 1,533 | [2] | 1,309 | [2] | |
Net earnings | $ 451 | $ 408 | [2] | $ 237 | [2] | |
Americas [Member] | ||||||
Schedule Of Equity Method Investments [Line Items] | ||||||
Number of ventures | Venture | 3 | 3 | 4 | |||
Number of properties owned | Property | 596 | 590 | 709 | |||
Square feet | ft² | 89 | 87.1 | 108.5 | |||
Total assets | $ 6,890,000 | $ 7,056,000 | $ 8,004,000 | |||
Third-party debt | 2,090,000 | 2,273,000 | 2,989,000 | |||
Total liabilities | 2,258,000 | 2,414,000 | 3,167,000 | |||
Our investment balance | [1] | 1,476,000 | 1,537,000 | 1,194,000 | ||
Revenues | 610 | 711 | [2] | 702 | [2] | |
Net operating income | 465 | 527 | [2] | 513 | [2] | |
Net earnings | $ 113 | $ 54 | [2] | $ 58 | [2] | |
Europe [Member] | ||||||
Schedule Of Equity Method Investments [Line Items] | ||||||
Number of ventures | Venture | 4 | 4 | 4 | |||
Number of properties owned | Property | 688 | 636 | 571 | |||
Square feet | ft² | 158.3 | 147.4 | 132.9 | |||
Total assets | $ 11,343,000 | $ 11,440,000 | $ 11,800,000 | |||
Third-party debt | 2,640,000 | 2,621,000 | 2,979,000 | |||
Total liabilities | 3,584,000 | 3,501,000 | 4,095,000 | |||
Our investment balance | [1] | 2,707,000 | 2,773,000 | 2,703,000 | ||
Revenues | 947 | 1,001 | [2] | 801 | [2] | |
Net operating income | 741 | 787 | [2] | 621 | [2] | |
Net earnings | $ 261 | $ 268 | [2] | $ 131 | [2] | |
Asia [Member] | ||||||
Schedule Of Equity Method Investments [Line Items] | ||||||
Number of ventures | Venture | 2 | 2 | 2 | |||
Number of properties owned | Property | 66 | 52 | 43 | |||
Square feet | ft² | 29.2 | 26.2 | 22.9 | |||
Total assets | $ 4,320,000 | $ 4,120,000 | $ 4,014,000 | |||
Third-party debt | 1,520,000 | 1,637,000 | 1,697,000 | |||
Total liabilities | 1,751,000 | 1,734,000 | 1,881,000 | |||
Our investment balance | [1] | 402,000 | 356,000 | 353,000 | ||
Revenues | 275 | 280 | [2] | 224 | [2] | |
Net operating income | 212 | 219 | [2] | 175 | [2] | |
Net earnings | $ 77 | $ 86 | [2] | $ 48 | [2] | |
Weighted Average [Member] | ||||||
Schedule Of Equity Method Investments [Line Items] | ||||||
Our weighted average ownership | [3] | 31.60% | 32.00% | 29.20% | ||
Weighted Average [Member] | Americas [Member] | ||||||
Schedule Of Equity Method Investments [Line Items] | ||||||
Our weighted average ownership | [3] | 29.80% | 31.00% | 22.70% | ||
Weighted Average [Member] | Europe [Member] | ||||||
Schedule Of Equity Method Investments [Line Items] | ||||||
Our weighted average ownership | [3] | 38.90% | 38.80% | 39.00% | ||
Weighted Average [Member] | Asia [Member] | ||||||
Schedule Of Equity Method Investments [Line Items] | ||||||
Our weighted average ownership | [3] | 15.00% | 15.00% | 15.00% | ||
[1] | The difference between our ownership interest of a venture’s equity and our investment balance results principally from three types of transactions: (i) deferring a portion of the gains we recognize from a contribution of a property to a venture ($430.7 million, $322.9 million and $139.6 million at December 31, 2015, 2014 and 2013, respectively); (ii) recording additional costs associated with our investment in the venture; and (iii) advances to a venture. | |||||
[2] | We had significant activity with our unconsolidated co-investment ventures in 2014 and 2013 as explained in both Note 3 and Note 4. We formed and invested in FIBRA Prologis in 2014. In connection with this transaction, we concluded our unconsolidated co-investment venture in Mexico. We began consolidating NAIF in 2014. During 2013, we concluded three co-investment ventures and we started two new co-investment ventures. | |||||
[3] | Represents our weighted average ownership interest in all co-investment ventures based on each entity’s contribution of total assets, before depreciation, net of other liabilities. |
Unconsolidated Entities - Sum61
Unconsolidated Entities - Summary of Unconsolidated Co-investment Ventures (Parenthetical) (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Equity Method Investments And Joint Ventures [Abstract] | |||
Deferred gain recognize | $ 430.7 | $ 322.9 | $ 139.6 |
Unconsolidated Entities - Earni
Unconsolidated Entities - Earnings and Fee Revenue From Co-Investment Ventures (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Schedule Of Equity Method Investments [Line Items] | |||
Earnings from unconsolidated entities, net | $ 159,262 | $ 134,288 | $ 97,220 |
Strategic capital revenue | 210,362 | 219,871 | 179,472 |
Unconsolidated Co-Investment Ventures [Member] | |||
Schedule Of Equity Method Investments [Line Items] | |||
Earnings from unconsolidated entities, net | 155,402 | 131,048 | 94,654 |
Total strategic capital revenue and other income | 207,608 | 218,350 | 177,185 |
Strategic capital revenue | 215,075 | 223,774 | 181,192 |
Unconsolidated Co-Investment Ventures [Member] | Development Management and Other Revenue [Member] | |||
Schedule Of Equity Method Investments [Line Items] | |||
Total strategic capital revenue and other income | 7,467 | 5,424 | 4,007 |
Unconsolidated Co-Investment Ventures [Member] | Americas [Member] | |||
Schedule Of Equity Method Investments [Line Items] | |||
Earnings from unconsolidated entities, net | 35,966 | 8,596 | 21,724 |
Total strategic capital revenue and other income | 59,480 | 94,354 | 70,642 |
Unconsolidated Co-Investment Ventures [Member] | Europe [Member] | |||
Schedule Of Equity Method Investments [Line Items] | |||
Earnings from unconsolidated entities, net | 106,656 | 108,430 | 63,839 |
Total strategic capital revenue and other income | 112,675 | 86,487 | 63,794 |
Unconsolidated Co-Investment Ventures [Member] | Asia [Member] | |||
Schedule Of Equity Method Investments [Line Items] | |||
Earnings from unconsolidated entities, net | 12,780 | 14,022 | 9,091 |
Total strategic capital revenue and other income | $ 35,453 | $ 37,509 | $ 42,749 |
Unconsolidated Entities - Sum63
Unconsolidated Entities - Summary of Promotes Earned and Recognized in Strategic Capital Revenue and Related Cash Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | ||
Schedule Of Equity Method Investments [Line Items] | ||||
Total promote recognized in strategic capital revenue | [1] | $ 56,637 | $ 42,132 | $ 7,878 |
Net promote recognized (third-party share) in strategic capital revenue | 29,462 | 31,280 | 6,366 | |
Related cash bonus included in strategic capital expense | [2] | 4,700 | 4,239 | 1,273 |
Prologis [Member] | ||||
Schedule Of Equity Method Investments [Line Items] | ||||
Total promote recognized in strategic capital revenue | $ 27,175 | $ 10,852 | $ 1,512 | |
[1] | We earned promotes from PELP and ELV in 2015 and USLF in 2014, each based on the venture’s cumulative returns to the investors over the last three years. We earned a promote in connection with the conclusion of Prologis SGP Mexico in 2013 | |||
[2] | This represents the cash bonus paid, in regards to the promotes earned, pursuant to the terms of the Prologis Promote Plan. See Note 13 for more information about this plan. |
Unconsolidated Entities - Sum64
Unconsolidated Entities - Summary of Remaining Equity Commitments (Detail) $ in Millions | 12 Months Ended | |
Dec. 31, 2015USD ($) | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 1,894 | |
Prologis [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | 230 | |
Fund Partner | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | 1,664 | |
Prologis Targeted U.S. Logistics Fund [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 0 | |
Expiration date for remaining commitments range start | 2,016 | |
Expiration date for remaining commitments range end | 2,017 | |
Prologis Targeted U.S. Logistics Fund [Member] | Prologis [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 0 | |
Prologis Targeted U.S. Logistics Fund [Member] | Fund Partner | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | 0 | |
Prologis Targeted Europe Logistics Fund [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 326 | [1] |
Expiration date for remaining commitments range start | 2,016 | [2] |
Expiration date for remaining commitments range end | 2,017 | [2] |
Prologis Targeted Europe Logistics Fund [Member] | Prologis [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 0 | [1] |
Prologis Targeted Europe Logistics Fund [Member] | Fund Partner | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | 326 | [1] |
Prologis European Properties Fund II [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 46 | [1] |
Expiration date for remaining commitments range start | 2,016 | [2] |
Prologis European Properties Fund II [Member] | Prologis [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 8 | [1] |
Prologis European Properties Fund II [Member] | Fund Partner | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | 38 | [1] |
Prologis European Logistics Partners [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 100 | [2] |
Expiration date for remaining commitments | 2016-02 | [2] |
Prologis European Logistics Partners [Member] | Prologis [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 50 | [2] |
Prologis European Logistics Partners [Member] | Fund Partner | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | 50 | [2] |
Prologis China Logistics Venture [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 1,145 | [3] |
Expiration date for remaining commitments range start | 2,016 | |
Expiration date for remaining commitments range end | 2,017 | |
Prologis China Logistics Venture [Member] | Prologis [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 172 | [3] |
Prologis China Logistics Venture [Member] | Fund Partner | ||
Schedule Of Equity Method Investments [Line Items] | ||
Remaining equity commitments | $ 973 | [3] |
[1] | Equity commitments are denominated in euro and reported in U.S. dollars based on an exchange rate of $1.09 U.S. dollars to the euro. | |
[2] | The equity commitments for this venture are expected to fund the future repayment of debt that is denominated in British pounds sterling. The commitments will be called in euros and are reported in U.S. dollars using an exchange rate of $1.48 U.S. dollars to the British pounds sterling. | |
[3] | In January 2016, we reached an agreement with our partner in this venture to increase the equity commitments $882.4 million, of which our share is $132.4 million, to fund future developments in China. |
Unconsolidated Entities - Sum65
Unconsolidated Entities - Summary of Remaining Equity Commitments (Parenthetical) (Detail) $ in Millions | 1 Months Ended | |
Jan. 31, 2016USD ($) | Dec. 31, 2015$ / €$ / £ | |
Subsequent Event [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Increase equity commitments | $ | $ 882.4 | |
Subsequent Event [Member] | China [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Increase equity commitments | $ | $ 132.4 | |
Prologis Targeted Europe Logistics Fund [Member] | U.S. Dollars to Euro [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Exchange rate | 1.09 | |
Prologis European Properties Fund II [Member] | U.S. Dollars to Euro [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Exchange rate | 1.09 | |
Europe Logistics Venture 1 [Member] | U.S. Dollars to Euro [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Exchange rate | 1.09 | |
Prologis European Logistics Partners [Member] | British Pound Sterling to U.S. Dollar [Member] | ||
Schedule Of Equity Method Investments [Line Items] | ||
Exchange rate | $ / £ | 1.48 |
Assets Held for Sale or Contr66
Assets Held for Sale or Contribution and Discontinued Operations - Summary of Assets Held for Sale and Contribution (Detail) ft² in Thousands, $ in Thousands | Dec. 31, 2015USD ($)ft²Property | Dec. 31, 2014USD ($)ft²Property |
Long Lived Assets Held For Sale [Line Items] | ||
Total assets held for sale or contribution | $ 378,423 | $ 43,934 |
Total liabilities associated with assets held for sale or contribution – included in Other Liabilities | $ 6,874 | $ 0 |
Disposal Group Heldforsale Not Discontinued Operations | ||
Long Lived Assets Held For Sale [Line Items] | ||
Number of buildings | Property | 17 | 7 |
Square feet | ft² | 5,065 | 457 |
Assets Held for Sale or Contr67
Assets Held for Sale or Contribution and Discontinued Operations - Income Attributable to Properties Disposed or Held for Sale (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Discontinued Operations And Disposal Groups [Abstract] | |||
Rental revenue and recoveries | $ 34,105 | ||
Rental expenses | (10,633) | ||
Depreciation and amortization | (15,339) | ||
Interest expense | (1,163) | ||
Income attributable to disposed properties and assets held for sale | $ 0 | $ 0 | $ 6,970 |
Notes Receivable Backed by Re68
Notes Receivable Backed by Real Estate - Additional information (Detail) - USD ($) $ in Thousands | Feb. 28, 2015 | Dec. 31, 2015 | Dec. 31, 2014 |
Loans And Leases Receivable [Line Items] | |||
Notes receivable backed by real estate | $ 235,050 | $ 0 | |
Minimum [Member] | |||
Loans And Leases Receivable [Line Items] | |||
Notes receivable maturity date | 2016-06 | ||
Maximum [Member] | |||
Loans And Leases Receivable [Line Items] | |||
Notes receivable maturity date | 2017-04 | ||
Dispositions to Third Parties [Member] | |||
Loans And Leases Receivable [Line Items] | |||
Notes receivable backed by real estate | $ 197,500 | $ 37,600 | |
Interest rate on Note receivable | 2.00% | ||
Interest rate on Note receivable, Minimum | 5.50% | ||
Interest rate on Note receivable, Maximum | 10.00% |
Other Assets and Other Liabil69
Other Assets and Other Liabilities - Schedule of Other Assets (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract] | ||
Leasing commissions and other in-place lease intangibles | $ 613,518 | $ 241,557 |
Rent leveling and above market leases | 276,315 | 224,589 |
Prepaid assets | 107,000 | 105,093 |
Fixed assets | 94,178 | 86,927 |
Accounts receivable | 89,611 | 103,445 |
Value added taxes receivable | 86,115 | 86,331 |
Derivative assets | 53,579 | 106,664 |
Management contracts | 46,293 | 52,896 |
Other notes receivable | 41,262 | 46,570 |
Deferred income taxes | 14,650 | 7,887 |
Other | 91,989 | 94,328 |
Totals | $ 1,514,510 | $ 1,156,287 |
Other Assets and Other Liabil70
Other Assets and Other Liabilities - Schedule of Other Liabilities (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Other Liabilities Disclosure [Abstract] | ||
Tenant security deposits | $ 190,160 | $ 169,326 |
Income tax liabilities | 81,125 | 85,200 |
Unearned rents | 77,730 | 74,873 |
Below market leases | 55,976 | 30,651 |
Deferred income | 29,197 | 16,326 |
Environmental liabilities | 21,484 | 10,878 |
Derivative liabilities | 13,729 | 52,740 |
Value added taxes payable | 10,272 | 13,358 |
Other | 154,702 | 173,074 |
Totals | $ 634,375 | $ 626,426 |
Other Assets and Other Liabil71
Other Assets and Other Liabilities - Additional Information (Detail) $ in Thousands | Dec. 31, 2015USD ($) |
Real Estate [Abstract] | |
Expected future amortization of leasing commissions and intangibles into amortization expense | $ 613,518 |
Above and below market leases and rent leveling assets | $ 220,300 |
Other Assets and Other Liabil72
Other Assets and Other Liabilities - Schedule of Amortized Rental Revenue (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2015USD ($) | |
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract] | |
Amortization Expense 2016 | $ 157,914 |
Amortization Expense 2017 | 116,958 |
Amortization Expense 2018 | 82,876 |
Amortization Expense 2019 | 61,672 |
Amortization Expense 2020 | 46,599 |
Amortization Expense Thereafter | 147,499 |
Amortization Expense Totals | 613,518 |
2,016 | (15,421) |
2,017 | 17,381 |
2,018 | 25,903 |
2,019 | 28,096 |
2,020 | 28,103 |
Thereafter | 136,277 |
Totals | $ 220,339 |
Debt - Debt Summary (Detail)
Debt - Debt Summary (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Debt Instrument [Line Items] | ||
Debt | $ 11,626,831 | $ 9,336,977 |
Credit Facilities [Member] | ||
Debt Instrument [Line Items] | ||
Debt | 0 | 0 |
Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Debt | 6,516,392 | 6,046,965 |
Exchangeable Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Debt | 0 | 456,373 |
Term Loan [Member] | ||
Debt Instrument [Line Items] | ||
Debt | 2,100,000 | |
Secured Mortgage Debt [Member] | ||
Debt Instrument [Line Items] | ||
Debt | $ 1,172,473 | $ 1,042,628 |
Debts Of Operating Partnership [Member] | ||
Debt Instrument [Line Items] | ||
Weighted Average Interest Rate | 3.20% | 3.70% |
Debt | $ 11,626,831 | $ 9,336,977 |
Debts Of Operating Partnership [Member] | Credit Facilities [Member] | ||
Debt Instrument [Line Items] | ||
Weighted Average Interest Rate | 0.00% | 0.00% |
Debt | $ 0 | $ 0 |
Debts Of Operating Partnership [Member] | Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Weighted Average Interest Rate | 3.30% | 3.70% |
Debt | $ 6,516,392 | $ 6,046,965 |
Debts Of Operating Partnership [Member] | Exchangeable Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Weighted Average Interest Rate | 0.00% | 3.70% |
Debt | $ 0 | $ 456,373 |
Debts Of Operating Partnership [Member] | Term Loan [Member] | ||
Debt Instrument [Line Items] | ||
Weighted Average Interest Rate | 2.10% | 1.40% |
Debt | $ 2,100,009 | $ 568,037 |
Debts Of Operating Partnership [Member] | Other Debt [Member] | ||
Debt Instrument [Line Items] | ||
Weighted Average Interest Rate | 6.20% | 6.20% |
Debt | $ 15,448 | $ 16,087 |
Debts Of Operating Partnership [Member] | Secured Mortgage Debt [Member] | ||
Debt Instrument [Line Items] | ||
Weighted Average Interest Rate | 5.10% | 6.10% |
Debt | $ 1,172,473 | $ 1,042,628 |
Debts Of Operating Partnership [Member] | Secured Mortgage Debt of Consolidated Entities [Member] | ||
Debt Instrument [Line Items] | ||
Weighted Average Interest Rate | 2.90% | 2.50% |
Debt | $ 1,822,509 | $ 1,206,887 |
Debt - Debt Summary (Parentheti
Debt - Debt Summary (Parenthetical) (Detail) $ in Thousands | 12 Months Ended | |
Dec. 31, 2015USD ($)Property | Dec. 31, 2014USD ($) | |
Debt Instrument [Line Items] | ||
Debt | $ 11,626,831 | $ 9,336,977 |
Cost of properties securing mortgage debt | $ 2,900,000 | |
Count of properties securing mortgage debt | Property | 175 | |
Cost of properties securing mortgage debt | $ 3,200,000 | |
Count of properties securing mortgage debt | Property | 220 | |
Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Debt | $ 6,516,392 | 6,046,965 |
Other Debt [Member] | ||
Debt Instrument [Line Items] | ||
Cost of properties securing mortgage debt | 780,300 | |
Secured Mortgage Debt [Member] | ||
Debt Instrument [Line Items] | ||
Debt | $ 1,172,473 | $ 1,042,628 |
Minimum [Member] | Secured Mortgage Debt [Member] | ||
Debt Instrument [Line Items] | ||
Interest Rate | 1.90% | |
Debt Instrument maturity date | 2016-10 | |
Minimum [Member] | Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Interest Rate | 1.50% | |
Debt Instrument maturity date | 2018-01 | |
Minimum [Member] | Other Debt [Member] | ||
Debt Instrument [Line Items] | ||
Interest Rate | 4.50% | |
Debt Instrument maturity date | 2019-06 | |
Minimum [Member] | Secured Mortgage Debt [Member] | ||
Debt Instrument [Line Items] | ||
Interest Rate | 0.60% | |
Debt Instrument maturity date | 2016-05 | |
Maximum [Member] | Secured Mortgage Debt [Member] | ||
Debt Instrument [Line Items] | ||
Interest Rate | 5.30% | |
Debt Instrument maturity date | 2027-12 | |
Maximum [Member] | Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Interest Rate | 7.60% | |
Debt Instrument maturity date | 2026-06 | |
Maximum [Member] | Other Debt [Member] | ||
Debt Instrument [Line Items] | ||
Interest Rate | 7.90% | |
Debt Instrument maturity date | 2033-09 | |
Maximum [Member] | Secured Mortgage Debt [Member] | ||
Debt Instrument [Line Items] | ||
Interest Rate | 7.70% | |
Debt Instrument maturity date | 2025-12 | |
EUR | ||
Debt Instrument [Line Items] | ||
Debt | $ 3,400,000 | |
JPY | ||
Debt Instrument [Line Items] | ||
Debt | 1,100,000 | |
CAD | ||
Debt Instrument [Line Items] | ||
Debt | $ 400 |
Debt - Additional Information (
Debt - Additional Information (Detail) $ in Thousands, CAD in Millions, ¥ in Billions | 3 Months Ended | 12 Months Ended | ||||||
Mar. 31, 2015USD ($)shares | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | Dec. 31, 2015JPY (¥) | Dec. 31, 2015CAD | May. 29, 2015USD ($) | Dec. 31, 2014JPY (¥) | |
Debt Instrument [Line Items] | ||||||||
Credit facility maximum borrowing capacity | $ 2,662,000 | $ 2,742,000 | $ 2,451,000 | |||||
Notes exchanged | $ 459,800 | |||||||
Number of share issued on debt conversion | shares | 11,900,000 | |||||||
Repayments of convertible debt | $ 200 | |||||||
Stated interest rates ranging, Minimum | 0.60% | |||||||
Stated interest rates ranging, Maximum | 0.80% | |||||||
Debt issued | $ 11,621,000 | |||||||
Exchangeable Senior Notes Outstanding | 6,500,000 | |||||||
Carrying Value of Debt | 11,626,831 | 9,336,977 | ||||||
TMK Bonds [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Debt issued | 191,000 | 70,700 | ¥ 23 | ¥ 7.2 | ||||
KTR Capital Partners and Affiliates [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Secured mortgage debt | $ 735,172 | |||||||
Debt Instrument, Unamortized Premiums | 39,600 | |||||||
Prologis North American Industrial Fund III [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Debt Instrument, Unamortized Premiums | 84,200 | |||||||
Exchangeable Senior Notes [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Fair value of derivative instruments | 43,000 | 51,300 | ||||||
Unrealized gain (loss) on derivative instrument | $ 8,300 | (10,300) | $ (1,200) | |||||
Carrying Value of Debt | 0 | $ 456,373 | ||||||
Term Loan [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Carrying Value of Debt | 2,100,000 | |||||||
Global Facility [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Credit facility maximum borrowing capacity | $ 2,300,000 | |||||||
Debt Instrument maturity date | Jul. 11, 2017 | |||||||
Cross acceleration to other recourse indebtedness | $ 50,000 | |||||||
Revolver [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Credit facility maximum borrowing capacity | 469,300 | 56.5 | ||||||
Credit facility current borrowing capacity | 373,800 | ¥ 45 | ||||||
Secured Mortgage Debt [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Secured mortgage debt | $ 1,000,000 | |||||||
Secured Mortgage Debt [Member] | KTR Capital Partners and Affiliates [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated interest rates ranging, Minimum | 2.60% | |||||||
Stated interest rates ranging, Maximum | 7.60% | |||||||
Debt issued | $ 471,900 | |||||||
Secured Mortgage Debt [Member] | KTR Capital Partners and Affiliates [Member] | Minimum [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Senior note effective interest rate | 1.90% | 1.90% | 1.90% | |||||
Debt Instrument maturity date | 2016-12 | |||||||
Secured Mortgage Debt [Member] | KTR Capital Partners and Affiliates [Member] | Maximum [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Senior note effective interest rate | 4.00% | 4.00% | 4.00% | |||||
Debt Instrument maturity date | 2023-04 | |||||||
Secured Mortgage Debt [Member] | Prologis North American Industrial Fund III [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated interest rates ranging, Minimum | 6.50% | |||||||
Stated interest rates ranging, Maximum | 5.00% | |||||||
Debt issued | $ 1,200,000 | |||||||
Secured Mortgage Debt [Member] | Prologis North American Industrial Fund III [Member] | Minimum [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Senior note effective interest rate | 1.90% | 1.90% | ||||||
Debt Instrument maturity date | 2016-10 | |||||||
Secured Mortgage Debt [Member] | Prologis North American Industrial Fund III [Member] | Maximum [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Senior note effective interest rate | 3.40% | 3.40% | ||||||
Debt Instrument maturity date | 2020-12 | |||||||
Secured Mortgage Debt [Member] | Canadian Secured Mortgage Debt [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated interest rates ranging, Minimum | 1.70% | |||||||
Stated interest rates ranging, Maximum | 3.70% | |||||||
Debt issued | $ 140,400 | CAD 195 | ||||||
Secured Mortgage Debt [Member] | Canadian Secured Mortgage Debt [Member] | Minimum [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Senior note effective interest rate | 2.00% | 2.00% | 2.00% | |||||
Debt Instrument maturity date | 2020-07 | |||||||
Secured Mortgage Debt [Member] | Canadian Secured Mortgage Debt [Member] | Maximum [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Senior note effective interest rate | 3.70% | 3.70% | 3.70% | |||||
Debt Instrument maturity date | 2025-12 |
Debt - Credit Facilities (Detai
Debt - Credit Facilities (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Debt Disclosure [Abstract] | |||
Weighted average daily interest rate | 1.10% | 1.10% | 1.70% |
Weighted average daily borrowings | $ 261 | $ 182 | $ 789 |
Maximum borrowings outstanding at any month-end | 942 | 742 | 1,325 |
Aggregate lender – commitments | 2,662 | 2,742 | 2,451 |
Borrowings outstanding | 0 | 0 | 726 |
Outstanding letters of credit | 32 | 35 | 73 |
Current availability | $ 2,630 | $ 2,707 | $ 1,652 |
Debt - Schedule of Senior Notes
Debt - Schedule of Senior Notes (Detail) € in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2015EUR (€) | Dec. 31, 2014EUR (€) | |
Line Of Credit Facility Covenant Compliance [Line Items] | ||||
Principal Amount | $ 11,621,000 | |||
May 2015 [Member] | ||||
Line Of Credit Facility Covenant Compliance [Line Items] | ||||
Principal Amount | $ 785,470 | € 700,000 | ||
Stated Interest Rate | 1.40% | 1.40% | ||
Effective Interest Rate | 1.50% | 1.50% | ||
Maturity Date | 2021-05 | |||
October 2015 [Member] | ||||
Line Of Credit Facility Covenant Compliance [Line Items] | ||||
Principal Amount | $ 750,000 | |||
Stated Interest Rate | 3.80% | 3.80% | ||
Effective Interest Rate | 4.00% | 4.00% | ||
Maturity Date | 2025-11 | |||
February 2014 [Member] | ||||
Line Of Credit Facility Covenant Compliance [Line Items] | ||||
Principal Amount | $ 959,420 | € 700,000 | ||
Stated Interest Rate | 3.40% | 3.40% | ||
Effective Interest Rate | 3.50% | 3.50% | ||
Maturity Date | 2024-02 | |||
June 2014 [Member] | ||||
Line Of Credit Facility Covenant Compliance [Line Items] | ||||
Principal Amount | $ 680,550 | € 500,000 | ||
Stated Interest Rate | 3.00% | 3.00% | ||
Effective Interest Rate | 3.10% | 3.10% | ||
Maturity Date | 2026-06 | |||
October 2014 [Member] | ||||
Line Of Credit Facility Covenant Compliance [Line Items] | ||||
Principal Amount | $ 756,420 | € 600,000 | ||
Stated Interest Rate | 1.40% | 1.40% | ||
Effective Interest Rate | 1.40% | 1.40% | ||
Maturity Date | 2020-10 |
Debt - Summary of Outstanding T
Debt - Summary of Outstanding Term Loans (Detail) | 12 Months Ended | |||||
Dec. 31, 2015USD ($) | Dec. 31, 2015JPY (¥) | Dec. 31, 2015EUR (€) | Dec. 31, 2015CAD | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | |
Debt Instrument [Line Items] | ||||||
Credit facility maximum borrowing capacity | $ 2,662,000,000 | $ 2,742,000,000 | $ 2,451,000,000 | |||
Unamortized debt issuance costs, net | (52,300,000) | (43,200,000) | ||||
Totals | 0 | 0 | $ 726,000,000 | |||
Term Loan [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Subtotal | 2,109,515,000 | 572,730,000 | ||||
Unamortized debt issuance costs, net | (9,506,000) | (4,693,000) | ||||
Totals | $ 2,100,009,000 | 568,037,000 | ||||
2014 Yen Term Loan [Member] | JPY | ||||||
Debt Instrument [Line Items] | ||||||
Initial Borrowing Date | May 31, 2014 | |||||
Credit facility maximum borrowing capacity | $ 339,858,000 | ¥ 40,916,000 | ||||
Subtotal | $ 339,858,000 | 342,051,000 | ||||
Interest Rate, Description | LIBOR plus 1.20% | |||||
Interest Rate | 1.20% | |||||
Debt Instrument maturity date | 2021-05 | |||||
Euro Term Loan [Member] | USD, EUR, JPY and GBP [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Initial Borrowing Date | Jun. 30, 2014 | |||||
Credit facility maximum borrowing capacity | $ 561,879,000 | € 500,000 | ||||
Subtotal | $ 561,879,000 | $ 230,679,000 | ||||
Interest Rate, Description | LIBOR plus 0.98% | |||||
Interest Rate | 0.98% | |||||
Debt Instrument maturity date | 2017-06 | |||||
Senior Term Loan [Member] | USD [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Initial Borrowing Date | May 31, 2015 | |||||
Credit facility maximum borrowing capacity | $ 400,000,000 | |||||
Subtotal | $ 400,000,000 | |||||
Interest Rate, Description | LIBOR plus 1.00% | |||||
Interest Rate | 1.00% | |||||
Debt Instrument maturity date | 2016-05 | |||||
2015 Yen Term Loan [Member] | JPY | ||||||
Debt Instrument [Line Items] | ||||||
Initial Borrowing Date | Jun. 30, 2015 | |||||
Credit facility maximum borrowing capacity | $ 539,906,000 | ¥ 65,000,000 | ||||
Subtotal | $ 539,906,000 | |||||
Interest Rate, Description | LIBOR plus 1.10% | |||||
Interest Rate | 1.10% | |||||
Debt Instrument maturity date | 2022-06 | |||||
2015 Canadian Term Loan [Member] | CAD | ||||||
Debt Instrument [Line Items] | ||||||
Initial Borrowing Date | Dec. 31, 2015 | |||||
Credit facility maximum borrowing capacity | $ 267,872,000 | CAD 371,925 | ||||
Subtotal | $ 267,872,000 | |||||
Interest Rate, Description | CDOR rate plus 1.50% | |||||
Interest Rate | 1.50% | |||||
Debt Instrument maturity date | 2023-02 |
Debt - Summary of Outstanding79
Debt - Summary of Outstanding Term Loans (Parenthetical) (Detail) | 12 Months Ended | |||||
Dec. 31, 2015USD ($) | Dec. 31, 2015EUR (€) | Dec. 31, 2015JPY (¥) | Dec. 31, 2015EUR (€) | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | |
Debt Instrument [Line Items] | ||||||
Borrowings outstanding | $ 0 | $ 0 | $ 726,000,000 | |||
2014 Yen Term Loan [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Increased Line Of Credit Facility Maximum Borrowing Capacity | 424,400,000 | ¥ 51,100,000,000 | ||||
Euro Term Loan [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Increased Line Of Credit Facility Maximum Borrowing Capacity | 1,100,000,000 | € 1,000,000,000 | ||||
Additional outstanding borrowings | 272,600,000 | € 240,000,000 | ||||
Euro Term Loan [Member] | KTR Capital Partners and Affiliates [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Borrowings outstanding | 561,900,000 | |||||
Senior Term Loan [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Cross acceleration to other recourse indebtedness | 100,000,000 | |||||
Senior Term Loan [Member] | KTR Capital Partners and Affiliates [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Borrowings outstanding | $ 1,000,000,000 |
Debt - Long-Term Debt Maturitie
Debt - Long-Term Debt Maturities (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Debt Instrument [Line Items] | ||
2,016 | $ 934,000 | |
2,017 | 1,087,000 | |
2,018 | 746,000 | |
2,019 | 1,067,000 | |
2,020 | 1,108,000 | |
2,021 | 1,744,000 | |
2,022 | 1,313,000 | |
2,023 | 1,293,000 | |
2,024 | 896,000 | |
2,025 | 881,000 | |
Thereafter | 552,000 | |
Subtotal | 11,621,000 | |
Unamortized premiums (discounts), net | 58,000 | |
Unamortized debt issuance costs, net | (52,300) | $ (43,200) |
Totals | 11,626,831 | 9,336,977 |
Credit Facilities [Member] | ||
Debt Instrument [Line Items] | ||
Totals | 0 | 0 |
Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Totals | 6,516,392 | 6,046,965 |
Secured Mortgage Debt [Member] | ||
Debt Instrument [Line Items] | ||
Totals | 1,172,473 | $ 1,042,628 |
Wholly Owned | ||
Debt Instrument [Line Items] | ||
2,016 | 764,000 | |
2,017 | 571,000 | |
2,018 | 343,000 | |
2,019 | 924,000 | |
2,020 | 856,000 | |
2,021 | 1,616,000 | |
2,022 | 1,312,000 | |
2,023 | 1,151,000 | |
2,024 | 895,000 | |
2,025 | 880,000 | |
Thereafter | 550,000 | |
Subtotal | 9,862,000 | |
Unamortized premiums (discounts), net | (10,000) | |
Unamortized debt issuance costs, net | (48,000) | |
Totals | 9,804,000 | |
Wholly Owned | Credit Facilities [Member] | ||
Debt Instrument [Line Items] | ||
2,016 | 0 | |
2,017 | 0 | |
2,018 | 0 | |
2,019 | 0 | |
2,020 | 0 | |
2,021 | 0 | |
2,022 | 0 | |
2,023 | 0 | |
2,024 | 0 | |
2,025 | 0 | |
Thereafter | 0 | |
Subtotal | 0 | |
Unamortized premiums (discounts), net | 0 | |
Unamortized debt issuance costs, net | 0 | |
Totals | 0 | |
Wholly Owned | Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
2,016 | 0 | |
2,017 | 0 | |
2,018 | 175,000 | |
2,019 | 618,000 | |
2,020 | 849,000 | |
2,021 | 1,262,000 | |
2,022 | 762,000 | |
2,023 | 850,000 | |
2,024 | 762,000 | |
2,025 | 750,000 | |
Thereafter | 544,000 | |
Subtotal | 6,572,000 | |
Unamortized premiums (discounts), net | (23,000) | |
Unamortized debt issuance costs, net | (33,000) | |
Totals | 6,516,000 | |
Wholly Owned | Term Loans And Other Debt | ||
Debt Instrument [Line Items] | ||
2,016 | 401,000 | |
2,017 | 563,000 | |
2,018 | 1,000 | |
2,019 | 1,000 | |
2,020 | 1,000 | |
2,021 | 341,000 | |
2,022 | 541,000 | |
2,023 | 269,000 | |
2,024 | 1,000 | |
2,025 | 1,000 | |
Thereafter | 6,000 | |
Subtotal | 2,126,000 | |
Unamortized premiums (discounts), net | 0 | |
Unamortized debt issuance costs, net | (10,000) | |
Totals | 2,116,000 | |
Wholly Owned | Secured Mortgage Debt [Member] | ||
Debt Instrument [Line Items] | ||
2,016 | 363,000 | |
2,017 | 8,000 | |
2,018 | 167,000 | |
2,019 | 305,000 | |
2,020 | 6,000 | |
2,021 | 13,000 | |
2,022 | 9,000 | |
2,023 | 32,000 | |
2,024 | 132,000 | |
2,025 | 129,000 | |
Thereafter | 0 | |
Subtotal | 1,164,000 | |
Unamortized premiums (discounts), net | 13,000 | |
Unamortized debt issuance costs, net | (5,000) | |
Totals | 1,172,000 | |
Consolidated Entities | ||
Debt Instrument [Line Items] | ||
2,016 | 170,000 | |
2,017 | 516,000 | |
2,018 | 403,000 | |
2,019 | 143,000 | |
2,020 | 252,000 | |
2,021 | 128,000 | |
2,022 | 1,000 | |
2,023 | 142,000 | |
2,024 | 1,000 | |
2,025 | 1,000 | |
Thereafter | 2,000 | |
Subtotal | 1,759,000 | |
Unamortized premiums (discounts), net | 68,000 | |
Unamortized debt issuance costs, net | (4,000) | |
Totals | $ 1,823,000 |
Debt - Interest Expense (Detail
Debt - Interest Expense (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Debt Disclosure [Abstract] | |||
Gross interest expense | $ 394,012 | $ 377,666 | $ 471,923 |
Amortization of premium, net | (45,253) | (21,440) | (39,015) |
Amortization of deferred loan costs | 13,412 | 14,116 | 14,374 |
Interest expense before capitalization | 362,171 | 370,342 | 447,282 |
Capitalized amounts | (60,808) | (61,457) | (67,955) |
Net interest expense | 301,363 | 308,885 | 379,327 |
Total cash paid for interest, net of amounts capitalized | $ 345,916 | $ 258,441 | $ 426,528 |
Debt - Activity Related to Repu
Debt - Activity Related to Repurchase of Debt and Net Loss on Early Extinguishment of Debt (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Debt Instrument [Line Items] | |||
Original principal amount | $ 1,881,200 | $ 1,818,400 | $ 3,712,900 |
Cash purchase/repayment price | 1,984,500 | 1,991,500 | 3,982,800 |
Losses on early extinguishment of debt, net | 86,303 | 165,300 | 277,014 |
Senior Notes [Member] | |||
Debt Instrument [Line Items] | |||
Original principal amount | 709,700 | 1,290,400 | 2,142,000 |
Cash purchase/repayment price | 789,000 | 1,460,300 | 2,411,900 |
Term Loan [Member] | |||
Debt Instrument [Line Items] | |||
Original principal amount | 600,000 | ||
Cash purchase/repayment price | 600,000 | ||
Secured Mortagage Debt [Member] | |||
Debt Instrument [Line Items] | |||
Original principal amount | 571,500 | 528,000 | 1,570,900 |
Cash purchase/repayment price | $ 595,500 | $ 531,200 | $ 1,570,900 |
Stockholders' Equity of Prolo83
Stockholders' Equity of Prologis Inc. - Additional Information (Detail) | Apr. 30, 2013USD ($)$ / sharesshares | Dec. 31, 2014USD ($)$ / sharesshares | Dec. 31, 2015USD ($)Agent$ / sharesshares | Dec. 31, 2014USD ($)Agent$ / sharesshares | Dec. 31, 2013USD ($)shares |
Shareholders Equity [Line Items] | |||||
Common stock shares authorized to be issued | 1,100,000,000 | ||||
Common stock, shares authorized | 1,000,000,000 | ||||
Common stock, shares issued | 35,650,000 | ||||
Closing price of common stock | $ / shares | $ 41.60 | ||||
Net proceeds from public offering | $ | $ 1,400,000,000 | ||||
Liquidation preference per share | $ / shares | $ 50 | $ 50 | $ 50 | ||
Preferred stock, par value | $ / shares | $ 0.01 | $ 0.01 | $ 0.01 | ||
Repurchase of preferred stock, shares | 435,000 | 435,000 | |||
Redemption Premium of Preferred Stock | $ | $ 0 | $ 6,517,000 | $ 9,108,000 | ||
Beneficial interest of outstanding shares | 50.00% | ||||
Beneficial interest of outstanding shares by single person or persons acting as group | 9.80% | ||||
Percentage of ownership restrictions | 25.00% | ||||
Percentage of REIT taxable income computed without regard to the dividends paid deduction and net capital gains | 90.00% | ||||
Series Q Preferred Stock [Member] | |||||
Shareholders Equity [Line Items] | |||||
Liquidation preference per share | $ / shares | $ 50 | $ 50 | $ 50 | ||
Preferred stock, par value | $ / shares | $ 0.01 | $ 0.01 | $ 0.01 | ||
Preferred stock dividend rate percentage | 8.54% | 8.54% | |||
Common Stock [Member] | |||||
Shareholders Equity [Line Items] | |||||
Common stock, shares issued | 1,662,000 | 3,316,000 | 35,650,000 | ||
Shares issued upon exercise of warrant | 6,000,000 | ||||
Norges Bank Investment Management [Member] | |||||
Shareholders Equity [Line Items] | |||||
Proceeds from exercise of warrant | $ | $ 213,800,000 | $ 213,800,000 | |||
Norges Bank Investment Management [Member] | Common Stock [Member] | |||||
Shareholders Equity [Line Items] | |||||
Shares issued upon exercise of warrant | 6,000,000 | ||||
2012 Long Term Incentive Plan [Member] | |||||
Shareholders Equity [Line Items] | |||||
Gross proceeds received for the issuance of common stock | $ | $ 18,200,000 | $ 25,800,000 | $ 22,400,000 | ||
At the Market Offering [Member] | |||||
Shareholders Equity [Line Items] | |||||
Common stock, shares issued | 1,700,000 | 3,300,000 | |||
Net proceeds from issuance of common stock | $ | $ 71,500,000 | $ 140,100,000 | |||
Number of designated agents | Agent | 6 | 2 | |||
Maximum proceeds from sale of stock | $ | $ 750,000,000 | ||||
Aggregate sales of stock remaining available | $ | $ 535,200,000 | ||||
Agents fee percentage | 2.00% |
Stockholders' Equity of Prolo84
Stockholders' Equity of Prologis, Inc - Equity Securities Distributions Paid or Payable Per Unit (Detail) - $ / shares | 12 Months Ended | |||||
Dec. 31, 2015 | [1],[2] | Dec. 31, 2014 | [1] | Dec. 31, 2013 | ||
Class of Stock [Line Items] | ||||||
Ordinary income | $ 0.36 | $ 0.29 | $ 0 | |||
Qualified dividend | 0.08 | 0.41 | 0 | |||
Capital gains | 1.08 | 0.62 | 1.12 | |||
Total distribution | 1.52 | 1.32 | 1.12 | |||
Series L Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Capital gains | [3] | 0 | 0 | 0.41 | ||
Series MRS Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Capital gains | [3] | 0 | 0 | 0.42 | ||
Series O Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Capital gains | [3] | 0 | 0 | 0.44 | ||
Series P Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Capital gains | [3] | 0 | 0 | 0.43 | ||
Series Q Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Ordinary income | 0.77 | 0.71 | 0 | |||
Qualified dividend | 0.62 | 1.01 | 0 | |||
Capital gains | 2.88 | 2.55 | 4.27 | |||
Total distribution | $ 4.27 | $ 4.27 | $ 4.27 | |||
[1] | Items indicated by ‘- -‘ are not applicable. | |||||
[2] | Taxability for 2015 is estimated. | |||||
[3] | As discussed above, in April 2013, we redeemed all of the outstanding series L, M, O, P, R and S preferred stock. |
Partners' Capital of Prologis85
Partners' Capital of Prologis, L.P. - Additional Information (Detail) - $ / shares shares in Millions | 1 Months Ended | 12 Months Ended | |
Oct. 31, 2015 | May. 31, 2015 | Dec. 31, 2015 | |
Common Units | |||
Shareholders Equity [Line Items] | |||
Common limited partnership units, shares | 0.2 | ||
Dividends per share entitled, issued in acquisition | $ 0.40 | ||
Class A Units [Member] | |||
Shareholders Equity [Line Items] | |||
Common limited partnership units, shares | 8.9 | ||
Weighted average fair value at date of issuance | $ 41.06 | ||
Dividends per share entitled, issued in acquisition | $ 0.64665 | ||
Class A units convertible into common units | 8.8 | ||
Partnership unit, redemption price per share. | $ 43.11 | ||
KTR Capital Partners and Affiliates [Member] | |||
Shareholders Equity [Line Items] | |||
Common limited partnership units, shares | 4.5 |
Noncontrolling Interests - Addi
Noncontrolling Interests - Additional Information (Detail) ft² in Millions, $ in Millions | 3 Months Ended | 12 Months Ended | |||||
Mar. 31, 2014USD ($)ft²Property | Dec. 31, 2015 | Dec. 31, 2013USD ($) | May. 29, 2015 | Dec. 31, 2014 | [1] | ||
Noncontrolling Interest [Line Items] | |||||||
Parent Company's Ownership Percentage | 100.00% | ||||||
Prologis, L.P. [Member] | |||||||
Noncontrolling Interest [Line Items] | |||||||
Description of conversion rate | One share of common stock to one unit | ||||||
Prologis US Logistics Venture [Member] | |||||||
Noncontrolling Interest [Line Items] | |||||||
Parent Company's Ownership Percentage | 55.00% | [1] | 55.00% | 55.00% | |||
Prologis US Logistics Venture [Member] | Prologis, L.P. [Member] | |||||||
Noncontrolling Interest [Line Items] | |||||||
Parent Company's Ownership Percentage | 55.00% | ||||||
Number of properties sold | Property | 66 | ||||||
Square Feet and Acres | ft² | 12.8 | ||||||
Proceeds for contributed properties | $ 1,000 | ||||||
Prologis Inc [Member] | |||||||
Noncontrolling Interest [Line Items] | |||||||
Net earnings attributable to noncontrolling interest | $ 10.1 | ||||||
(Loss) from continuing operations | 0.5 | ||||||
Income from discontinued operations | $ 10.6 | ||||||
[1] | As discussed in Note 3, USLV acquired a portfolio of properties from KTR in May 2015. We received a contribution of $2.3 billion from our venture partner to fund their share of this acquisition. |
Noncontrolling Interests - Nonc
Noncontrolling Interests - Noncontrolling Interest Summary (Detail) - USD ($) $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2015 | May. 29, 2015 | Dec. 31, 2014 | ||||
Noncontrolling Interest [Line Items] | ||||||
Parent Company's Ownership Percentage | 100.00% | |||||
Operating Partnership noncontrolling interest | $ 3,320,227 | $ 1,159,901 | ||||
Noncontrolling interests | 3,752,901 | 1,208,090 | ||||
Total Investment in Real Estate | 24,247,084 | 19,399,364 | ||||
Debt | 11,626,831 | 9,336,977 | ||||
Non-controlling Interests [Member] | ||||||
Noncontrolling Interest [Line Items] | ||||||
Total Investment in Real Estate | $ 10,110,405 | $ 4,796,478 | ||||
Prologis US Logistics Venture [Member] | ||||||
Noncontrolling Interest [Line Items] | ||||||
Parent Company's Ownership Percentage | 55.00% | [1] | 55.00% | 55.00% | [1] | |
Operating Partnership noncontrolling interest | [1] | $ 2,677,642 | $ 427,307 | |||
Total Investment in Real Estate | [1] | 6,533,089 | $ 1,006,183 | |||
Debt | [1] | $ 724,256 | ||||
Prologis North American Industrial Fund [Member] | ||||||
Noncontrolling Interest [Line Items] | ||||||
Parent Company's Ownership Percentage | 66.10% | 66.10% | ||||
Operating Partnership noncontrolling interest | $ 490,444 | $ 544,718 | ||||
Total Investment in Real Estate | 2,571,092 | 2,771,299 | ||||
Debt | $ 1,083,650 | $ 1,188,836 | ||||
Prologis Brazil Logistics Partners Fund I [Member] | ||||||
Noncontrolling Interest [Line Items] | ||||||
Parent Company's Ownership Percentage | [2] | 50.00% | 50.00% | |||
Operating Partnership noncontrolling interest | [2] | $ 49,313 | $ 68,533 | |||
Other Consolidated Entities [Member] | ||||||
Noncontrolling Interest [Line Items] | ||||||
Parent Company's Ownership | [3] | various | ||||
Operating Partnership noncontrolling interest | [3] | $ 102,828 | 119,343 | |||
Total Investment in Real Estate | [3] | 1,006,224 | 1,018,996 | |||
Debt | [3] | 14,603 | 18,051 | |||
Prologis, L.P. [Member] | ||||||
Noncontrolling Interest [Line Items] | ||||||
Noncontrolling interests | 3,320,227 | 1,159,901 | ||||
Total Investment in Real Estate | 24,247,084 | 19,399,364 | ||||
Debt | 11,626,831 | 9,336,977 | ||||
Prologis, L.P. [Member] | Non-controlling Interests [Member] | ||||||
Noncontrolling Interest [Line Items] | ||||||
Limited partners in Prologis, L.P. | [4],[5] | 432,674 | 48,189 | |||
Debt | 1,822,509 | 1,206,887 | ||||
Prologis Inc [Member] | ||||||
Noncontrolling Interest [Line Items] | ||||||
Total Investment in Real Estate | 10,110,405 | 4,796,478 | ||||
Debt | 1,822,509 | 1,206,887 | ||||
Prologis Inc [Member] | Non-controlling Interests [Member] | ||||||
Noncontrolling Interest [Line Items] | ||||||
Noncontrolling interests | $ 3,752,901 | $ 1,208,090 | ||||
[1] | As discussed in Note 3, USLV acquired a portfolio of properties from KTR in May 2015. We received a contribution of $2.3 billion from our venture partner to fund their share of this acquisition. | |||||
[2] | The assets of Prologis Brazil Logistics Partners Fund I (“Brazil Fund”) are primarily investments in unconsolidated entities of $103.1 million and $152.0 million at December 31, 2015 and 2014, respectively. For additional information on our unconsolidated investments, see Note 5. | |||||
[3] | This line item includes our two partnerships that have issued limited partnership units to third parties, as discussed above, along with various other consolidated entities. At December 31, 2015 and 2014, limited partnership units were exchangeable into cash or, at our option, 1,835 and 1,887 shares, respectively, of the Parent’s common stock. In 2015, 52 limited partnership units were redeemed for cash of $3.2 million. All of these outstanding limited partnership units receive quarterly cash distributions equal to the quarterly dividends paid on our common stock pursuant to the terms of the applicable partnership agreements. | |||||
[4] | Includes 8.9 million of Class A Units issued in the fourth quarter of 2015. See Note 11 for further discussion of our Class A Units. | |||||
[5] | We issued 4.7 million common limited partnership units in the Operating Partnership, principally in connection with the KTR acquisition. At December 31, 2015 and 2014, excluding the Class A Units, there were common limited partnership units in the Operating Partnership that were exchangeable into cash or, at our option, 6.4 million and 1.8 million shares of the Parent’s common stock. At December 31, 2015 and 2014, the fair value of the 6.4 million and 1.8 million shares, respectively, would be $275.0 million and $76.0 million, respectively, based on the closing stock price of the Parent’s common stock. At December 31, 2015 and 2014, there were 1.2 million and 0.1 million LTIP Units (as defined in Note 13) outstanding, respectively, associated with our long-term compensation plan that are not exchangeable into common units of the Operating Partnership and redeemable into the Parent’s common stock until they vest and other applicable conditions are met. All of these outstanding limited partnership units receive quarterly cash distributions equal to the quarterly distributions paid on our common stock pursuant to the terms of the partnership agreement. |
Noncontrolling Interests - No88
Noncontrolling Interests - Noncontrolling Interest Summary (Parenthetical) (Detail) - USD ($) shares in Thousands, $ in Millions | 1 Months Ended | 3 Months Ended | 12 Months Ended | |
May. 31, 2015 | Dec. 31, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | |
Noncontrolling Interest [Line Items] | ||||
Outstanding limited partnership redemption value | $ 3.2 | $ 3.2 | ||
Business acquisition, common limited partnership units issued | 6,400 | 1,800 | ||
Fair value of outstanding limited partnership units | $ 275 | $ 275 | $ 76 | |
Restricted Operating Partnership Units [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Number of units outstanding | 1,200 | 1,200 | 100 | |
Class A convertible common units [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Issuance of units related to acquisition, shares | 8,900 | |||
Common Stock [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Class of common limited partnership units designated as class A common units | 1,835 | 1,835 | 1,887 | |
Prologis Brazil Logistics Partners Fund I [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Investments in unconsolidated entities | $ 103.1 | $ 103.1 | $ 152 | |
KTR Capital Partners and Affiliates [Member] | ||||
Noncontrolling Interest [Line Items] | ||||
Contribution received from venture partner | $ 2,300 | |||
Issuance of units related to acquisition, shares | 4,500 | |||
Business acquisition, common limited partnership units issued | 4,700 |
Long-Term Compensation - Additi
Long-Term Compensation - Additional Information (Detail) - USD ($) | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Performance period used for fair value assumption | 3 years | ||
Stock options outstanding | 4,400,000 | ||
Stock options exercisable | 4,400,000 | ||
Stock options outstanding, weighted average exercise price | $ 34.69 | ||
Stock options exercisable, weighted average exercise price | $ 34.69 | ||
Weighted average life | 3 years 1 month 6 days | ||
Aggregate intrinsic value of exercised options | $ 13,700,000 | $ 5,800,000 | $ 9,600,000 |
Options granted | 0 | ||
Employer contribution for every dollar | 0.50% | ||
Percentage of employees annual compensation within the statutory compensation limit | 6.00% | ||
Vesting percentage on defined contribution plan | 100.00% | ||
Vesting period for acquired plan | 1 year | ||
Compensation cost related to employees contribution plans | $ 2,500,000 | 2,200,000 | 2,100,000 |
Restricted Stock Units (RSUs) [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Outperformance hurdle, above MSCI US REIT Index | 1.00% | ||
Compensation pool as percentage of excess value, if outperformance hurdle is met | 3.00% | ||
Cash incentive award maximum | $ 75,000,000 | ||
Percentage of equity market capitalization | 0.50% | ||
Forfeited awards after seven years | 7 years | ||
Compensation cost | $ 34,600,000 | ||
Remaining weighted average period | 1 year 4 months 24 days | ||
Restricted Operating Partnership Units [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Vesting period | 3 years | ||
Amount realized during conversion of prior held shares | 609,000 | ||
Operating Partnership Units [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Compensation cost | $ 26,600,000 | ||
Remaining weighted average period | 1 year 6 months | ||
2012 Long Term Incentive Plan [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Number of common stocks are reserved for issuance | 27,200,000 | ||
Common stock available for future issuance | 21,700,000 | ||
Description of conversion rate | Each LTIP Unit counts as one share of common stock | ||
2012 Long Term Incentive Plan [Member] | Maximum [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Shares available to be granted for a single participant | 1,500,000 | ||
Prologis Promote Plan [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Total compensation pool | 40.00% | ||
Vesting period | 3 years | ||
Total value of awards | $ 4,700,000 | 11,300,000 | 5,300,000 |
Total value of awards, settled in cash | $ 4,200,000 | $ 2,700,000 | |
Prologis Promote Plan [Member] | Restricted Stock Units (RSUs) [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Amount realized during conversion of prior held shares | 57,000 | 69,000 | |
Aggregate fair value | $ 2,400,000 | $ 2,600,000 | |
Prologis Promote Plan [Member] | Limited Partnership Units [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Amount realized during conversion of prior held shares | 113,000 | ||
Aggregate fair value | $ 4,700,000 |
Long-Term Compensation - Assump
Long-Term Compensation - Assumptions of Grant (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |||
Risk free interest rate | 0.86% | 0.67% | 0.39% |
Expected volatility | 28.00% | 38.00% | 38.00% |
Aggregate fair value | $ 26,500 | $ 23,100 | $ 23,900 |
Long-Term Compensation - RSU an
Long-Term Compensation - RSU and Performance Share Awards (Detail) shares in Thousands | 12 Months Ended |
Dec. 31, 2015$ / sharesshares | |
RSU and PSA [Member] | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Number of Awards, beginning balance | 2,521 |
Amount realized during conversion of prior held shares | 693 |
Vested and distributed | (1,029) |
Transferred to LTIP Units | (522) |
Forfeited | (37) |
Number of Awards, ending balance | 1,626 |
Weighted Average Grant-Date Fair Value, Beginning balance | $ / shares | $ 39.38 |
Weighted Average Grant-Date Fair Value, Granted | $ / shares | 44.52 |
Weighted Average Grant-Date Fair Value, Vested | $ / shares | 38.24 |
Weighted Average Grant-Date Fair Value, Transferred to LTIP Units | $ / shares | 39.27 |
Weighted Average Grant-Date Fair Value, Forfeited | $ / shares | 42 |
Weighted Average Grant-Date Fair Value, Ending balance | $ / shares | $ 42.21 |
Number of Shares, Beginning Balance | 106 |
Number of Shares, Ending Balance | 109 |
LTIP Units [Member] | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Number of Awards, beginning balance | 113 |
Amount realized during conversion of prior held shares | 609 |
Transferred from RSUs | 522 |
Number of Awards, ending balance | 1,244 |
Weighted Average Grant-Date Fair Value, Beginning balance | $ / shares | $ 41.43 |
Weighted Average Grant-Date Fair Value, Granted | $ / shares | 44.88 |
Weighted Average Grant-Date Fair Value, Transferred from RSUs | $ / shares | 39.27 |
Weighted Average Grant-Date Fair Value, Ending balance | $ / shares | $ 42.21 |
Number of Shares, Beginning Balance | 0 |
Number of Shares, Ending Balance | 303 |
OPP LTIP Units [Member] | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Number of Awards, beginning balance | 2,799 |
Amount realized during conversion of prior held shares | 1,572 |
Forfeited | (907) |
Number of Awards, ending balance | 3,464 |
Income Taxes - Components of Ea
Income Taxes - Components of Earnings Before Income Taxes (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Income Tax Disclosure [Abstract] | |||
Domestic | $ 511,025 | $ 390,874 | $ (404,910) |
International | 437,580 | 322,754 | 741,172 |
Earnings before income taxes | $ 948,605 | $ 713,628 | $ 336,262 |
Income Taxes - Components of Pr
Income Taxes - Components of Provision for Income Tax (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Current income tax expense (benefit): | |||
United States federal | $ (11,633) | $ (6,585) | $ 20,009 |
International | 27,494 | 52,155 | 99,478 |
State and local | 12,286 | 16,014 | 8,501 |
Total current tax expense | 28,147 | 61,584 | 127,988 |
Deferred income tax expense (benefit): | |||
United States federal | (810) | (27,374) | (1,133) |
International | (4,247) | (59,866) | (18,934) |
Total deferred tax benefit | (5,057) | (87,240) | (20,067) |
Total income tax expense (benefit), included in continuing and discontinued operations | $ 23,090 | $ (25,656) | $ 107,921 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Income Tax Disclosure [Abstract] | |||
Change in uncertain tax positions | $ (3) | $ 1.1 | $ 1.8 |
Cash paid for income taxes, net of refunds | 24.1 | 105.4 | 99.5 |
Accrued interest and penalties | $ 0.3 | $ 0.3 | $ 0.9 |
Income Taxes - Deferred Income
Income Taxes - Deferred Income Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Gross deferred income tax assets: | ||
Net operating loss carryforwards | $ 321,144 | $ 346,978 |
Basis difference – real estate properties | 89,856 | 105,205 |
Basis difference – equity investments | 11,242 | 12,401 |
Basis difference – intangibles | 4,351 | 5,952 |
Section 163(j) interest limitation | 32,684 | 32,703 |
Capital loss carryforward | 25,282 | 25,282 |
Other – temporary differences | 8,993 | 10,701 |
Total gross deferred income tax assets | 493,552 | 539,222 |
Valuation allowance | (467,440) | (518,241) |
Gross deferred income tax assets, net of valuation allowance | 26,112 | 20,981 |
Gross deferred income tax liabilities: | ||
Basis difference – real estate properties | 82,160 | 89,998 |
Basis difference – intangibles | 6,170 | 7,324 |
Other – temporary differences | 993 | 716 |
Total gross deferred income tax liabilities | 89,323 | 98,038 |
Net deferred income tax liabilities | $ 63,211 | $ 77,057 |
Income Taxes - Summary of Opera
Income Taxes - Summary of Operating Loss Carryforwards (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Operating Loss Carryforwards [Line Items] | ||
Tax-effected NOL carryforward | $ 321,144 | $ 346,978 |
United States [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Gross NOL carryforward | 97,295 | |
Tax-effected NOL carryforward | 36,515 | |
Valuation allowance | (36,515) | |
Net deferred tax asset – NOL carryforward | 0 | |
Europe [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Gross NOL carryforward | 635,970 | |
Tax-effected NOL carryforward | 163,974 | |
Valuation allowance | (151,811) | |
Net deferred tax asset – NOL carryforward | $ 12,163 | |
Expiration periods | 2016 – indefinite | |
Mexico [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Gross NOL carryforward | $ 266,600 | |
Tax-effected NOL carryforward | 83,612 | |
Valuation allowance | (83,612) | |
Net deferred tax asset – NOL carryforward | 0 | |
Japan [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Gross NOL carryforward | 132,672 | |
Tax-effected NOL carryforward | 23,511 | |
Valuation allowance | (23,511) | |
Net deferred tax asset – NOL carryforward | 0 | |
Other [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Gross NOL carryforward | 55,351 | |
Tax-effected NOL carryforward | 13,532 | |
Valuation allowance | (13,532) | |
Net deferred tax asset – NOL carryforward | $ 0 | |
Expiration periods | 2016 – indefinite | |
Minimum [Member] | United States [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Expiration periods | 2,022 | |
Minimum [Member] | Europe [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Expiration periods | 2,016 | |
Minimum [Member] | Mexico [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Expiration periods | 2,016 | |
Minimum [Member] | Japan [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Expiration periods | 2,016 | |
Minimum [Member] | Other [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Expiration periods | 2,016 | |
Maximum [Member] | United States [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Expiration periods | 2,035 | |
Maximum [Member] | Mexico [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Expiration periods | 2,026 | |
Maximum [Member] | Japan [Member] | ||
Operating Loss Carryforwards [Line Items] | ||
Expiration periods | 2,024 |
Income Taxes - Summary of Incom
Income Taxes - Summary of Income Tax Contingencies (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Income Tax Disclosure [Abstract] | |||
Balance at January 1 | $ 256 | $ 1,318 | $ 7,943 |
Additions for tax positions taken during current year | 3,000 | ||
Additions for tax positions taken during a prior year | 8 | 256 | 405 |
Settlements with taxing authorities | (7,030) | ||
Reductions due to lapse of applicable statute of limitations | (1,318) | ||
Balance at December 31 | $ 3,264 | $ 256 | $ 1,318 |
Earnings Per Common Share or 98
Earnings Per Common Share or Unit - Computation of Basic and Diluted Earnings Per Share Unit (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items] | |||||||||||
Net earnings attributable to common stockholders/unit holders - Basic | $ 118,363 | $ 258,979 | $ 140,240 | $ 345,206 | $ 408,609 | $ 136,245 | $ 72,715 | $ 4,666 | $ 862,788 | $ 622,235 | $ 315,422 |
Net earnings attributable to exchangeable limited partnership units | 13,120 | 3,636 | 1,305 | ||||||||
Gains, net of expenses, associated with exchangeable debt assumed exchanged | (1,614) | 0 | 0 | ||||||||
Adjusted net earnings attributable to common stockholders – Diluted | $ 874,294 | $ 625,871 | $ 316,727 | ||||||||
Weighted average common shares/units outstanding – Basic | 521,241 | 499,583 | 486,076 | ||||||||
Incremental weighted average effect on exchange of limited partnership units | 8,569 | 3,501 | 2,060 | ||||||||
Incremental weighted average effect of equity awards and warrant | 1,961 | 3,307 | 3,410 | ||||||||
Incremental weighted average effect on exchangeable debt assumed exchanged | 2,173 | 0 | 0 | ||||||||
Weighted average common shares/partnership units outstanding - Diluted | 533,944 | 506,391 | 491,546 | ||||||||
Net earnings per share/unit attributable to common stockholders/unitholders - | |||||||||||
Basic | $ 0.23 | $ 0.49 | $ 0.27 | $ 0.67 | $ 0.82 | $ 0.27 | $ 0.15 | $ 0.01 | $ 1.66 | $ 1.25 | $ 0.65 |
Diluted | $ 0.23 | $ 0.49 | $ 0.27 | $ 0.65 | $ 0.81 | $ 0.23 | $ 0.13 | $ 0.01 | $ 1.64 | $ 1.24 | $ 0.64 |
Prologis, L.P. [Member] | |||||||||||
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items] | |||||||||||
Net earnings attributable to common stockholders/unit holders - Basic | $ 873,914 | $ 624,436 | $ 316,630 | ||||||||
Net earnings attributable to exchangeable limited partnership units | 1,994 | 1,435 | 97 | ||||||||
Gains, net of expenses, associated with exchangeable debt assumed exchanged | (1,614) | 0 | 0 | ||||||||
Adjusted net earnings attributable to common stockholders – Diluted | $ 874,294 | $ 625,871 | $ 316,727 | ||||||||
Weighted average common shares/units outstanding – Basic | 525,912 | 501,349 | 487,936 | ||||||||
Incremental weighted average effect on exchange of limited partnership units | 1,848 | 1,735 | 200 | ||||||||
Incremental weighted average effect of equity awards and warrant | 1,961 | 3,307 | 3,410 | ||||||||
Incremental weighted average effect on exchangeable debt assumed exchanged | 2,173 | 0 | 0 | ||||||||
Weighted average common shares/partnership units outstanding - Diluted | 533,944 | 506,391 | 491,546 | ||||||||
Net earnings per share/unit attributable to common stockholders/unitholders - | |||||||||||
Basic | $ 1.66 | $ 1.25 | $ 0.65 | ||||||||
Diluted | $ 1.64 | $ 1.24 | $ 0.64 | ||||||||
Incremental weighted average effect on exchange of Class A convertible units | 2,050 | 0 | 0 | ||||||||
Prologis, L.P. [Member] | Common Units | |||||||||||
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items] | |||||||||||
Net earnings attributable to common stockholders/unit holders - Basic | $ 870,521 | $ 624,436 | $ 316,630 | ||||||||
Prologis, L.P. [Member] | Class A convertible common units [Member] | |||||||||||
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items] | |||||||||||
Net earnings attributable to common stockholders/unit holders - Basic | (3,393) | 0 | 0 | ||||||||
Adjusted net earnings attributable to common stockholders – Diluted | $ 3,393 | $ 0 | $ 0 |
Earnings Per Common Share or 99
Earnings Per Common Share or Unit - Computation of Basic and Diluted Earnings Per Share Unit (Parenthetical) (Detail) - shares shares in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items] | |||
Weighted average exchangeable Operating Partnership units outstanding | 4,671 | 1,766 | 1,860 |
Total potentially dilutive stock awards and warrant outstanding | 7,299 | 14,366 | 13,998 |
Prologis, L.P. [Member] | |||
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items] | |||
Total weighted average potentially dilutive limited partnership units outstanding | 3,898 | 1,932 | 1,558 |
Total weighted average potentially dilutive shares and units from exchangeable debt outstanding | 2,173 | 11,879 | 11,879 |
Financial Instruments and Fa100
Financial Instruments and Fair Value Measurements - Foreign Currency Contracts Activity (Detail) | 12 Months Ended | |||||||||||
Dec. 31, 2015USD ($)Derivative$ / €€ / $£ / $CAD / $¥ / $ | Dec. 31, 2015JPY (¥)Derivative$ / €€ / $£ / $CAD / $¥ / $ | Dec. 31, 2015EUR (€)Derivative$ / €€ / $£ / $CAD / $¥ / $ | Dec. 31, 2015CADDerivative$ / €€ / $£ / $CAD / $¥ / $ | Dec. 31, 2015GBP (£)Derivative$ / €€ / $£ / $CAD / $¥ / $ | Dec. 31, 2014USD ($) | Dec. 31, 2014JPY (¥) | Dec. 31, 2014EUR (€) | Dec. 31, 2014GBP (£) | Dec. 31, 2013USD ($) | Dec. 31, 2013JPY (¥) | Dec. 31, 2013EUR (€) | |
Derivative [Line Items] | ||||||||||||
Notional amounts at January 1 | $ | $ 333,500,000 | |||||||||||
Notional amounts at December 31 | $ | $ 333,500,000 | |||||||||||
Net Investment Forward Contracts [Member] | EUR | ||||||||||||
Derivative [Line Items] | ||||||||||||
Notional amounts at January 1 | $ 400,000,000 | € 300,000,000 | 800,000,000 | € 600,000,000 | 1,304,000,000 | € 1,000,000,000 | ||||||
New contracts | 0 | 0 | 2,354,000,000 | 1,746,000,000 | 800,000,000 | 600,000,000 | ||||||
Matured or expired contracts | (400,000,000) | (300,000,000) | (2,754,000,000) | (2,046,000,000) | (1,304,000,000) | (1,000,000,000) | ||||||
Notional amounts at December 31 | $ 0 | € 0 | 400,000,000 | 300,000,000 | 800,000,000 | 600,000,000 | ||||||
Weighted average forward rate at December 31 | € / $ | 0 | 0 | 0 | 0 | 0 | |||||||
Active contracts at December 31 | 0 | 0 | 0 | 0 | 0 | |||||||
Net Investment Forward Contracts [Member] | GBP [Member] | ||||||||||||
Derivative [Line Items] | ||||||||||||
Notional amounts at January 1 | $ 400,000,000 | £ 238,000,000 | 0 | £ 0 | ||||||||
New contracts | 186,000,000 | 118,000,000 | 400,000,000 | 238,000,000 | ||||||||
Matured or expired contracts | (200,000,000) | (118,000,000) | 0 | 0 | ||||||||
Notional amounts at December 31 | $ 386,000,000 | £ 238,000,000 | 400,000,000 | 238,000,000 | 0 | |||||||
Weighted average forward rate at December 31 | £ / $ | 1.62 | 1.62 | 1.62 | 1.62 | 1.62 | |||||||
Active contracts at December 31 | 3 | 3 | 3 | 3 | 3 | |||||||
Net Investment Forward Contracts [Member] | JPY | ||||||||||||
Derivative [Line Items] | ||||||||||||
Notional amounts at January 1 | $ 250,000,000 | ¥ 24,136,000,000 | 250,000,000 | ¥ 24,136,000,000 | 0 | ¥ 0 | ||||||
New contracts | 353,000,000 | 43,373,000,000 | 769,000,000 | 79,010,000,000 | 250,000,000 | 24,136,000,000 | ||||||
Matured or expired contracts | (603,000,000) | (67,509,000,000) | (769,000,000) | (79,010,000,000) | 0 | 0 | ||||||
Notional amounts at December 31 | $ 0 | ¥ 0 | 250,000,000 | 24,136,000,000 | 250,000,000 | ¥ 24,136,000,000 | ||||||
Weighted average forward rate at December 31 | ¥ / $ | 0 | 0 | 0 | 0 | 0 | |||||||
Active contracts at December 31 | 0 | 0 | 0 | 0 | 0 | |||||||
Net Investment Forward Contracts [Member] | CAD | ||||||||||||
Derivative [Line Items] | ||||||||||||
Notional amounts at January 1 | $ 0 | CAD 0 | ||||||||||
New contracts | 298,000,000 | 394,000,000 | ||||||||||
Matured or expired contracts | (298,000,000) | (394,000,000) | ||||||||||
Notional amounts at December 31 | $ 0 | CAD 0 | 0 | |||||||||
Weighted average forward rate at December 31 | CAD / $ | 0 | 0 | 0 | 0 | 0 | |||||||
Active contracts at December 31 | 0 | 0 | 0 | 0 | 0 | |||||||
Forward and Option Contracts [Member] | ||||||||||||
Derivative [Line Items] | ||||||||||||
Notional amounts at December 31 | € 21,500,000 | £ 16,000,000 | ||||||||||
Weighted average forward rate at December 31 | $ / € | 1.09 | 1.09 | 1.09 | 1.09 | 1.09 | |||||||
Forward and Option Contracts [Member] | EUR | ||||||||||||
Derivative [Line Items] | ||||||||||||
Notional amounts at January 1 | $ 354,000,000 | € 284,000,000 | 0 | 0 | ||||||||
New contracts | 375,000,000 | 333,000,000 | 464,000,000 | 365,000,000 | ||||||||
Matured or expired contracts | (419,000,000) | (342,000,000) | (110,000,000) | (81,000,000) | ||||||||
Notional amounts at December 31 | $ 310,000,000 | € 275,000,000 | 354,000,000 | € 284,000,000 | $ 0 | € 0 | ||||||
Weighted average forward rate at December 31 | € / $ | 1.13 | 1.13 | 1.13 | 1.13 | 1.13 | |||||||
Active contracts at December 31 | 19 | 19 | 19 | 19 | 19 | |||||||
Forward and Option Contracts [Member] | GBP [Member] | ||||||||||||
Derivative [Line Items] | ||||||||||||
Notional amounts at January 1 | $ 0 | £ 0 | ||||||||||
New contracts | 300,000,000 | 199,000,000 | ||||||||||
Matured or expired contracts | (152,000,000) | (102,000,000) | ||||||||||
Notional amounts at December 31 | $ 148,000,000 | £ 97,000,000 | 0 | £ 0 | ||||||||
Weighted average forward rate at December 31 | £ / $ | 1.31 | 1.31 | 1.31 | 1.31 | 1.31 | |||||||
Active contracts at December 31 | 16 | 16 | 16 | 16 | 16 | |||||||
Forward and Option Contracts [Member] | JPY | ||||||||||||
Derivative [Line Items] | ||||||||||||
Notional amounts at January 1 | $ 0 | ¥ 0 | ||||||||||
New contracts | 159,000,000 | 18,740,000,000 | ||||||||||
Matured or expired contracts | (50,000,000) | (5,900,000,000) | ||||||||||
Notional amounts at December 31 | $ 109,000,000 | ¥ 12,840,000,000 | 0 | ¥ 0 | ||||||||
Weighted average forward rate at December 31 | ¥ / $ | 118.23 | 118.23 | 118.23 | 118.23 | 118.23 | |||||||
Active contracts at December 31 | 16 | 16 | 16 | 16 | 16 | |||||||
Forward and Option Contracts [Member] | USD [Member] | ||||||||||||
Derivative [Line Items] | ||||||||||||
Notional amounts at January 1 | $ | $ 0 | |||||||||||
New contracts | $ | 71,000,000 | |||||||||||
Matured or expired contracts | $ | (21,000,000) | |||||||||||
Notional amounts at December 31 | $ | $ 50,000,000 | $ 0 | ||||||||||
Weighted average forward rate at December 31 | 0 | 0 | 0 | 0 | 0 | |||||||
Active contracts at December 31 | 20 | 20 | 20 | 20 | 20 |
Financial Instruments and Fa101
Financial Instruments and Fair Value Measurements - Foreign Currency Contracts Activity (Parenthetical) (Detail) | 3 Months Ended | 12 Months Ended | |||||||
Sep. 30, 2015USD ($)Contracts | Dec. 31, 2015USD ($)DerivativeContracts$ / € | Dec. 31, 2014USD ($)Contracts | Dec. 31, 2013USD ($)Contracts | Dec. 31, 2015JPY (¥)Derivative$ / € | Dec. 31, 2015EUR (€)Derivative$ / € | Dec. 31, 2015CADDerivative$ / € | Dec. 31, 2015GBP (£)Derivative$ / € | Dec. 31, 2014JPY (¥) | |
Derivative [Line Items] | |||||||||
Number of option contracts exercised | 32 | 3 | |||||||
Gains from option contracts exercised | $ | $ 14,600,000 | $ 1,100,000 | |||||||
Notional value of forward contracts | $ | $ 360,000,000 | $ 333,500,000 | |||||||
Number of interest rate swaps hedges outstanding | Derivative | 7 | 7 | 7 | 7 | 7 | ||||
Number of contracts | 2 | ||||||||
Principal Amount | $ | $ 11,621,000,000 | ||||||||
Loss on forward derivative contracts | $ | 11,000,000 | ||||||||
Number of swap contracts | 13 | ||||||||
Prologis European Logistics Partners [Member] | |||||||||
Derivative [Line Items] | |||||||||
Notional value of forward contracts | $ | $ 383,900,000 | ||||||||
Notional value of swap contracts contributed | 13 | ||||||||
Nippon Prologis REIT Inc [Member] | |||||||||
Derivative [Line Items] | |||||||||
Notional value of forward contracts | $ | $ 526,400,000 | ||||||||
Number of swap contracts | 5 | ||||||||
2015 Yen Term Loan [Member] | |||||||||
Derivative [Line Items] | |||||||||
Notional value of forward contracts | $ 526,300,000 | ¥ 65,000,000,000 | |||||||
Number of contracts | 2 | ||||||||
2015 Canadian Term Loan [Member] | |||||||||
Derivative [Line Items] | |||||||||
Notional value of forward contracts | $ 510,000,000 | CAD 371,900,000 | |||||||
Number of contracts | 3 | ||||||||
2014 Yen Term Loan [Member] | |||||||||
Derivative [Line Items] | |||||||||
Notional value of forward contracts | $ 398,300,000 | ¥ 40,900,000,000 | |||||||
Number of contracts | 2 | ||||||||
LIBOR [Member] | |||||||||
Derivative [Line Items] | |||||||||
Fixed interest rate | 2.30% | ||||||||
October 2015 [Member] | |||||||||
Derivative [Line Items] | |||||||||
Principal Amount | $ | $ 750,000,000 | ||||||||
Forward and Option Contracts [Member] | |||||||||
Derivative [Line Items] | |||||||||
Number of forward contracts included in option contracts available to sell | 3 | ||||||||
Notional value of forward contracts | € 21,500,000 | £ 16,000,000 | |||||||
Weighted average forward rate at December 31 | $ / € | 1.09 | 1.09 | 1.09 | 1.09 | 1.09 |
Financial Instruments and Fa102
Financial Instruments and Fair Value Measurements - Summary of Activity in Interest Rate Swaps (Detail) - USD ($) | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Derivative [Line Items] | |||
Notional amounts at January 1 | $ 333,500,000 | ||
Notional amounts at December 31 | $ 333,500,000 | ||
Interest Rate Swaps [Member] | |||
Derivative [Line Items] | |||
Notional amounts at January 1 | $ 398,000,000 | 71,000,000 | 1,315,000,000 |
New contracts | 1,396,000,000 | 398,000,000 | |
Matured or expired contracts | (360,000,000) | (71,000,000) | (1,244,000,000) |
Notional amounts at December 31 | $ 1,434,000,000 | $ 398,000,000 | $ 71,000,000 |
Financial Instruments and Fa103
Financial Instruments and Fair Value Measurements - Schedule of Fair Value of Derivative Instruments (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Derivatives Fair Value [Line Items] | ||
Asset | $ 53,579 | $ 106,664 |
Liability | 13,729 | 1,395 |
Foreign Currency Options [Member] | EUR [Member] | ||
Derivatives Fair Value [Line Items] | ||
Asset | 11,711 | 7,742 |
Liability | 84 | 0 |
Foreign Currency Options [Member] | GBP [Member] | ||
Derivatives Fair Value [Line Items] | ||
Asset | 4,241 | 0 |
Liability | 745 | 0 |
Foreign Currency Options [Member] | JPY [Member] | ||
Derivatives Fair Value [Line Items] | ||
Asset | 832 | 0 |
Liability | 717 | 0 |
Foreign Currency Options [Member] | CAD [Member] | ||
Derivatives Fair Value [Line Items] | ||
Asset | 3,324 | 0 |
Liability | 0 | 0 |
Interest Rate Hedges [Member] | ||
Derivatives Fair Value [Line Items] | ||
Asset | 0 | 0 |
Liability | 12,095 | 1,395 |
Net Investment Hedges [Member] | EUR [Member] | ||
Derivatives Fair Value [Line Items] | ||
Asset | 0 | 22,891 |
Liability | 0 | 0 |
Net Investment Hedges [Member] | GBP [Member] | ||
Derivatives Fair Value [Line Items] | ||
Asset | 33,471 | 29,097 |
Liability | 0 | 0 |
Net Investment Hedges [Member] | JPY [Member] | ||
Derivatives Fair Value [Line Items] | ||
Asset | 0 | 46,934 |
Liability | 0 | 0 |
Cash Flow Hedge [Member] | Foreign Currency Options [Member] | Peso [Member] | ||
Derivatives Fair Value [Line Items] | ||
Asset | 0 | 0 |
Liability | $ 88 | $ 0 |
Financial Instruments and Fa104
Financial Instruments and Fair Value Measurements - Schedule of Fair Value of Derivative Instruments (Parenthetical) (Detail) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Foreign Currency Options [Member] | ||
Derivatives Fair Value [Line Items] | ||
Gains on foreign exchange transactions | $ 22.1 | $ 7.7 |
Financial Instruments and Fa105
Financial Instruments and Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Fair Value Disclosures [Abstract] | |||
Foreign currency translation losses | $ (594) | $ (614.8) | $ (237.6) |
Financial Instruments and Fa106
Financial Instruments and Fair Value Measurements - Summary of Gains (Losses) From Change in Fair Value of Derivative Instruments Included in Other Comprehensive Income (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Total gain on derivative instruments | $ 46,477 | $ 115,666 | $ 37,437 |
Total gain on derivative and nonderivative hedging instruments | 367,625 | 436,862 | 22,527 |
Designated As Hedging Instrument [Member] | Derivative Net Investment Hedges [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Total gain on derivative instruments | 63,934 | 122,164 | 17,847 |
Designated As Hedging Instrument [Member] | Interest Rate Contracts [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Total gain on derivative instruments | (21,602) | (804) | (69) |
Designated As Hedging Instrument [Member] | Our Share of Derivatives from Unconsolidated Co-Investment Ventures [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Total gain on derivative instruments | 4,257 | (5,694) | 19,659 |
Designated As Hedging Instrument [Member] | Cash Flow Hedge [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Total gain on derivative instruments | (112) | 0 | 0 |
Non-Derivative Net Investment Hedges [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Nonderivative net investment hedges | $ 321,148 | $ 321,196 | $ (14,910) |
Financial Instruments and Fa107
Financial Instruments and Fair Value Measurements - Summary of Gains (Losses) From Change in Fair Value of Derivative Instruments Included in Other Comprehensive Income (Parenthetical) (Detail) $ in Thousands, € in Millions | 12 Months Ended | ||||||
Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | Dec. 31, 2015EUR (€) | Dec. 31, 2014EUR (€) | Dec. 31, 2013EUR (€) | |
Derivative Instruments Gain Loss [Line Items] | |||||||
Amount received from (paid for) on settlement of net investment hedges | $ 128,200 | $ 13,000 | $ 7,800 | ||||
Interest expense reclassified | 301,363 | 308,885 | 379,327 | ||||
Debt | 11,626,831 | 9,336,977 | |||||
Amount of gain (loss) included in AOCI | (208,901) | (171,401) | (234,680) | ||||
Foreign Currency Forward Contracts [Member] | |||||||
Derivative Instruments Gain Loss [Line Items] | |||||||
Amount of gain (loss) included in AOCI | 10,000 | 7,500 | |||||
Designated As Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member] | |||||||
Derivative Instruments Gain Loss [Line Items] | |||||||
Debt | $ 3,500,000 | 3,000,000 | $ 1,000,000 | € 3,200 | € 2,500 | € 700 | |
Non-Derivative Net Investment Hedges [Member] | Foreign Currency Forward Contracts [Member] | |||||||
Derivative Instruments Gain Loss [Line Items] | |||||||
Debt | $ 118,500 | € 97.6 | |||||
Scenario Forecast | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | |||||||
Derivative Instruments Gain Loss [Line Items] | |||||||
Interest expense reclassified | $ 5,600 |
Financial Instruments and Fa108
Financial Instruments and Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Debt (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | $ 11,626,831 | $ 9,336,977 |
Fair Value of Debt | 12,017,527 | 10,080,157 |
Credit Facilities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 0 | 0 |
Fair Value of Debt | 0 | 0 |
Senior Notes [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 6,516,392 | 6,046,965 |
Fair Value of Debt | 6,801,118 | 6,593,657 |
Exchangeable Senior Notes [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 0 | 456,373 |
Fair Value of Debt | 0 | 511,931 |
Secured Mortgage Debt [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 1,172,473 | 1,042,628 |
Fair Value of Debt | 1,262,778 | 1,173,488 |
Term Loans and Other Debt [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 2,115,457 | 584,124 |
Fair Value of Debt | 2,128,270 | 591,810 |
Secured Mortgage Debt of Consolidated Entities [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Carrying Value of Debt | 1,822,509 | 1,206,887 |
Fair Value of Debt | $ 1,825,361 | $ 1,209,271 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Commitments And Contingencies Disclosure [Abstract] | ||
Percentage of agreement indemnification | 100.00% | |
Outstanding performance and surety bonds | $ 58.8 | $ 54.5 |
Business Segments - Additional
Business Segments - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2015Segment | |
Segment Reporting [Abstract] | |
Number of operating segments | 2 |
Business Segments - Segment Rep
Business Segments - Segment Reporting, Reconciliation of Revenues, Operating Income and Assets (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | $ 643,201 | $ 580,622 | $ 510,404 | $ 462,847 | $ 450,865 | $ 415,151 | $ 460,089 | $ 434,682 | $ 2,197,074 | $ 1,760,787 | $ 1,750,486 | |
Consolidated net earnings | 105,551 | $ 103,392 | $ 87,348 | $ 83,881 | 74,956 | $ 78,112 | $ 95,274 | $ 71,466 | 380,172 | 319,808 | 304,412 | |
General and administrative expenses | (238,199) | (247,768) | (229,207) | |||||||||
Depreciation and amortization expenses | (880,373) | (642,461) | (648,668) | |||||||||
Earnings from unconsolidated entities, net | 159,262 | 134,288 | 97,220 | |||||||||
Interest expense | (301,363) | (308,885) | (379,327) | |||||||||
Interest and other income, net | 25,484 | 25,768 | 26,948 | |||||||||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 758,887 | 725,790 | 597,656 | |||||||||
Foreign currency and derivative gains (losses) and related amortization, net | 12,466 | (17,841) | (33,633) | |||||||||
Losses on early extinguishment of debt, net | (86,303) | (165,300) | (277,014) | |||||||||
Consolidated net earnings (loss) | 568,433 | 393,820 | 31,850 | |||||||||
Earnings before income taxes | 948,605 | 713,628 | 336,262 | |||||||||
Total assets | 31,394,767 | 25,775,001 | 31,394,767 | 25,775,001 | ||||||||
Investments in and advances to unconsolidated entities | 4,755,620 | 4,824,724 | 4,755,620 | 4,824,724 | ||||||||
Assets held for sale or contribution | 378,423 | 43,934 | 378,423 | 43,934 | ||||||||
Notes receivable backed by real estate | 235,050 | 0 | 235,050 | 0 | ||||||||
Cash and cash equivalents | 264,080 | 350,692 | 264,080 | 350,692 | 491,129 | $ 100,810 | ||||||
Other assets | 1,514,510 | 1,156,287 | 1,514,510 | 1,156,287 | ||||||||
Operating Segments [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 2,197,074 | 1,760,787 | 1,750,486 | |||||||||
Consolidated net earnings | 1,498,744 | 1,210,037 | 1,182,287 | |||||||||
Total assets | 25,470,558 | 20,258,013 | 25,470,558 | 20,258,013 | ||||||||
Operating Segments [Member] | Real Estate Operations [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 1,986,712 | 1,540,916 | 1,571,014 | |||||||||
Consolidated net earnings | 1,376,800 | 1,086,662 | 1,092,094 | |||||||||
Total assets | 25,399,230 | 20,180,083 | 25,399,230 | 20,180,083 | ||||||||
Operating Segments [Member] | Strategic Capital [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 210,362 | 219,871 | 179,472 | |||||||||
Consolidated net earnings | 121,944 | 123,375 | 90,193 | |||||||||
Total assets | 71,328 | 77,930 | 71,328 | 77,930 | ||||||||
Operating Segments [Member] | Americas [Member] | Real Estate Operations [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 1,859,393 | 1,403,564 | 1,288,925 | |||||||||
Consolidated net earnings | 1,296,387 | 1,000,773 | 899,053 | |||||||||
Total assets | 22,949,838 | 17,432,909 | 22,949,838 | 17,432,909 | ||||||||
Operating Segments [Member] | Americas [Member] | Strategic Capital [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 61,684 | 95,168 | 72,474 | |||||||||
Consolidated net earnings | 14,215 | 42,042 | 18,785 | |||||||||
Total assets | 19,363 | 20,635 | 19,363 | 20,635 | ||||||||
Operating Segments [Member] | Europe [Member] | Real Estate Operations [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 69,527 | 74,413 | 174,397 | |||||||||
Consolidated net earnings | 39,672 | 40,627 | 116,178 | |||||||||
Total assets | 1,291,991 | 1,820,529 | 1,291,991 | 1,820,529 | ||||||||
Operating Segments [Member] | Europe [Member] | Strategic Capital [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 112,793 | 86,549 | 63,794 | |||||||||
Consolidated net earnings | 86,725 | 57,266 | 41,263 | |||||||||
Total assets | 49,960 | 54,577 | 49,960 | 54,577 | ||||||||
Operating Segments [Member] | Asia [Member] | Real Estate Operations [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 57,792 | 62,939 | 107,692 | |||||||||
Consolidated net earnings | 40,741 | 45,262 | 76,863 | |||||||||
Total assets | 1,157,401 | 926,645 | 1,157,401 | 926,645 | ||||||||
Operating Segments [Member] | Asia [Member] | Strategic Capital [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
Total revenues | 35,885 | 38,154 | 43,204 | |||||||||
Consolidated net earnings | 21,004 | 24,067 | 30,145 | |||||||||
Total assets | 2,005 | 2,718 | 2,005 | 2,718 | ||||||||
Reconciling Items [Member] | ||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||
General and administrative expenses | (238,199) | (247,768) | (229,207) | |||||||||
Earnings from unconsolidated entities, net | 159,262 | 134,288 | 97,220 | |||||||||
Interest expense | (301,363) | (308,885) | (379,327) | |||||||||
Interest and other income, net | 25,484 | 25,768 | 26,948 | |||||||||
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net | 758,887 | 725,790 | 597,656 | |||||||||
Foreign currency and derivative gains (losses) and related amortization, net | 12,466 | (17,841) | (33,633) | |||||||||
Losses on early extinguishment of debt, net | (86,303) | (165,300) | (277,014) | |||||||||
Consolidated net earnings (loss) | (550,139) | (496,409) | $ (846,025) | |||||||||
Total assets | 5,924,209 | 5,516,988 | 5,924,209 | 5,516,988 | ||||||||
Investments in and advances to unconsolidated entities | 4,755,620 | 4,824,724 | 4,755,620 | 4,824,724 | ||||||||
Notes receivable backed by real estate | 235,050 | 0 | 235,050 | 0 | ||||||||
Cash and cash equivalents | 264,080 | 350,692 | 264,080 | 350,692 | ||||||||
Other assets | $ 291,036 | $ 297,638 | $ 291,036 | $ 297,638 |
Business Segments - Segment 112
Business Segments - Segment Reporting, Reconciliation of Revenues, Operating Income and Assets (Parenthetical) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Segment Reporting Information [Line Items] | |||||||||||
Total revenues | $ 643,201 | $ 580,622 | $ 510,404 | $ 462,847 | $ 450,865 | $ 415,151 | $ 460,089 | $ 434,682 | $ 2,197,074 | $ 1,760,787 | $ 1,750,486 |
Europe Private Capital Segment [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Goodwill | 25,300 | 25,300 | 25,300 | 25,300 | 0 | ||||||
United States [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Total revenues | 1,900,000 | 1,400,000 | 1,100,000 | ||||||||
Long-lived assets attributable to the United States | $ 23,200,000 | $ 17,300,000 | $ 23,200,000 | $ 17,300,000 | $ 0 |
Supplemental Cash Flow Infor113
Supplemental Cash Flow Information - Additional Information (Detail) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | |||||
Dec. 31, 2015 | Jun. 30, 2015 | Jun. 30, 2014 | Mar. 31, 2013 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Supplemental Cash Flow Information [Line Items] | |||||||
Equity ownership interest received | $ 65.3 | $ 31.2 | |||||
Prologis European Logistics Partners [Member] | |||||||
Supplemental Cash Flow Information [Line Items] | |||||||
Assumed debt | $ 353.2 | ||||||
Equity ownership interest received | $ 1,300 | ||||||
Capitalization for equity based compensation expense | $ 22.7 | $ 21.6 | 18.8 | ||||
Percentage of ownership interests received | 50.00% | ||||||
KTR Capital Partners and Affiliates [Member] | |||||||
Supplemental Cash Flow Information [Line Items] | |||||||
Secured mortgage debt | $ 290.7 | $ 290.7 | |||||
Assumed debt | $ 170.1 | ||||||
FIBRA Prologis [Member] | |||||||
Supplemental Cash Flow Information [Line Items] | |||||||
Assumed debt | $ 345.1 | $ 194.9 | |||||
Equity ownership interest received | $ 609.7 |
Selected Quarterly Financial114
Selected Quarterly Financial Data (Unaudited) - Selected Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Selected Quarterly Financial Data [Line Items] | |||||||||||
Total revenues | $ 643,201 | $ 580,622 | $ 510,404 | $ 462,847 | $ 450,865 | $ 415,151 | $ 460,089 | $ 434,682 | $ 2,197,074 | $ 1,760,787 | $ 1,750,486 |
Operating income | 105,551 | 103,392 | 87,348 | 83,881 | 74,956 | 78,112 | 95,274 | 71,466 | 380,172 | 319,808 | 304,412 |
Consolidated net earnings | 126,757 | 307,186 | 140,260 | 351,312 | 427,724 | 147,127 | 152,430 | 12,003 | 925,515 | 739,284 | 229,529 |
Net earnings attributable to common stockholders | $ 118,363 | $ 258,979 | $ 140,240 | $ 345,206 | $ 408,609 | $ 136,245 | $ 72,715 | $ 4,666 | $ 862,788 | $ 622,235 | $ 315,422 |
Net earnings per share attributable to common stockholders – Basic | $ 0.23 | $ 0.49 | $ 0.27 | $ 0.67 | $ 0.82 | $ 0.27 | $ 0.15 | $ 0.01 | $ 1.66 | $ 1.25 | $ 0.65 |
Net earnings per share attributable to common stockholders – Diluted | $ 0.23 | $ 0.49 | $ 0.27 | $ 0.65 | $ 0.81 | $ 0.23 | $ 0.13 | $ 0.01 | $ 1.64 | $ 1.24 | $ 0.64 |
Prologis, L.P. [Member] | |||||||||||
Selected Quarterly Financial Data [Line Items] | |||||||||||
Total revenues | $ 643,201 | $ 580,622 | $ 510,404 | $ 462,847 | $ 450,865 | $ 415,151 | $ 460,089 | $ 434,682 | |||
Operating income | 105,551 | 103,392 | 87,348 | 83,881 | 74,956 | 78,112 | 95,274 | 71,466 | |||
Consolidated net earnings | 126,757 | 307,186 | 140,260 | 351,312 | 427,724 | 147,127 | 152,430 | 12,003 | |||
Net earnings attributable to common stockholders | $ 123,733 | $ 262,155 | $ 141,538 | $ 346,488 | $ 410,042 | $ 136,738 | $ 72,973 | $ 4,683 | |||
Net earnings per share attributable to common stockholders – Basic | $ 0.23 | $ 0.49 | $ 0.27 | $ 0.67 | $ 0.82 | $ 0.27 | $ 0.15 | $ 0.01 | |||
Net earnings per share attributable to common stockholders – Diluted | $ 0.23 | $ 0.49 | $ 0.27 | $ 0.65 | $ 0.81 | $ 0.23 | $ 0.13 | $ 0.01 |
Real Estate and Accumulated 115
Real Estate and Accumulated Depreciation (Detail) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2015USD ($)PropertyBuildings | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | Dec. 31, 2012USD ($) | |
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Carrying amount of land and buildings and improvements, Total | $ 25,608,648 | $ 20,109,432 | $ 18,822,081 | $ 23,559,891 |
Accumulated Depreciation | $ (3,207,855) | $ (2,748,835) | $ (2,540,267) | $ (2,460,642) |
Industrial Operating Properties [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1,872 | |||
Land | $ 5,772,127 | |||
Building and Improvements | 15,151,297 | |||
Costs capitalized subsequent to acquisition | 2,812,321 | |||
Carrying amount of land | 5,874,052 | |||
Carrying amount of buildings and improvements | 17,861,693 | |||
Carrying amount of land and buildings and improvements, Total | 23,735,745 | |||
Accumulated Depreciation | $ (3,207,855) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1,823 | |||
Land | $ 5,625,111 | |||
Building and Improvements | 14,708,807 | |||
Costs capitalized subsequent to acquisition | 2,609,550 | |||
Carrying amount of land | 5,713,572 | |||
Carrying amount of buildings and improvements | 17,229,896 | |||
Carrying amount of land and buildings and improvements, Total | 22,943,468 | |||
Accumulated Depreciation | $ (3,097,873) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 730 | |||
Building and Improvements | 2,287 | |||
Costs capitalized subsequent to acquisition | 2,132 | |||
Carrying amount of land | 730 | |||
Carrying amount of buildings and improvements | 4,419 | |||
Carrying amount of land and buildings and improvements, Total | 5,149 | |||
Accumulated Depreciation | $ (656) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 90 | |||
Land | $ 118,973 | |||
Building and Improvements | 451,204 | |||
Costs capitalized subsequent to acquisition | 152,499 | |||
Carrying amount of land | 119,797 | |||
Carrying amount of buildings and improvements | 602,879 | |||
Carrying amount of land and buildings and improvements, Total | 722,676 | |||
Accumulated Depreciation | $ (124,748) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Austin, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 31 | |||
Land | $ 29,523 | |||
Building and Improvements | 118,948 | |||
Costs capitalized subsequent to acquisition | 6,123 | |||
Carrying amount of land | 29,577 | |||
Carrying amount of buildings and improvements | 125,017 | |||
Carrying amount of land and buildings and improvements, Total | 154,594 | |||
Accumulated Depreciation | $ (17,704) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 53 | |||
Land | $ 119,060 | |||
Building and Improvements | 341,109 | |||
Costs capitalized subsequent to acquisition | 79,313 | |||
Carrying amount of land | 120,234 | |||
Carrying amount of buildings and improvements | 419,248 | |||
Carrying amount of land and buildings and improvements, Total | 539,482 | |||
Accumulated Depreciation | $ (94,738) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Boston Massachusetts | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 15,368 | |||
Building and Improvements | 75,426 | |||
Costs capitalized subsequent to acquisition | 5,828 | |||
Carrying amount of land | 15,368 | |||
Carrying amount of buildings and improvements | 81,254 | |||
Carrying amount of land and buildings and improvements, Total | 96,622 | |||
Accumulated Depreciation | $ (1,221) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 32 | |||
Land | $ 211,715 | |||
Building and Improvements | 734,192 | |||
Costs capitalized subsequent to acquisition | 106,481 | |||
Carrying amount of land | 214,079 | |||
Carrying amount of buildings and improvements | 838,309 | |||
Carrying amount of land and buildings and improvements, Total | 1,052,388 | |||
Accumulated Depreciation | $ (89,762) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Central Valley California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 24 | |||
Land | $ 86,098 | |||
Building and Improvements | 284,112 | |||
Costs capitalized subsequent to acquisition | 181,650 | |||
Carrying amount of land | 92,102 | |||
Carrying amount of buildings and improvements | 459,758 | |||
Carrying amount of land and buildings and improvements, Total | 551,860 | |||
Accumulated Depreciation | $ (84,636) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Charlotte, North Carolina [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 18 | |||
Land | $ 19,917 | |||
Building and Improvements | 54,722 | |||
Costs capitalized subsequent to acquisition | 42,491 | |||
Carrying amount of land | 21,436 | |||
Carrying amount of buildings and improvements | 95,694 | |||
Carrying amount of land and buildings and improvements, Total | 117,130 | |||
Accumulated Depreciation | $ (30,270) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 220 | |||
Land | $ 461,394 | |||
Building and Improvements | 1,619,024 | |||
Costs capitalized subsequent to acquisition | 248,995 | |||
Carrying amount of land | 473,466 | |||
Carrying amount of buildings and improvements | 1,855,947 | |||
Carrying amount of land and buildings and improvements, Total | 2,329,413 | |||
Accumulated Depreciation | $ (396,271) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 23 | |||
Land | $ 43,127 | |||
Building and Improvements | 170,133 | |||
Costs capitalized subsequent to acquisition | 37,436 | |||
Carrying amount of land | 45,329 | |||
Carrying amount of buildings and improvements | 205,367 | |||
Carrying amount of land and buildings and improvements, Total | 250,696 | |||
Accumulated Depreciation | $ (29,420) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Columbus, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 26 | |||
Land | $ 38,390 | |||
Building and Improvements | 194,946 | |||
Costs capitalized subsequent to acquisition | 45,046 | |||
Carrying amount of land | 38,827 | |||
Carrying amount of buildings and improvements | 239,555 | |||
Carrying amount of land and buildings and improvements, Total | 278,382 | |||
Accumulated Depreciation | $ (55,536) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 127 | |||
Land | $ 171,886 | |||
Building and Improvements | 818,278 | |||
Costs capitalized subsequent to acquisition | 113,413 | |||
Carrying amount of land | 172,523 | |||
Carrying amount of buildings and improvements | 931,054 | |||
Carrying amount of land and buildings and improvements, Total | 1,103,577 | |||
Accumulated Depreciation | $ (199,428) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 29 | |||
Land | $ 58,114 | |||
Building and Improvements | 201,609 | |||
Costs capitalized subsequent to acquisition | 54,446 | |||
Carrying amount of land | 57,174 | |||
Carrying amount of buildings and improvements | 256,995 | |||
Carrying amount of land and buildings and improvements, Total | 314,169 | |||
Accumulated Depreciation | $ (68,978) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 77 | |||
Land | $ 80,225 | |||
Building and Improvements | 346,374 | |||
Costs capitalized subsequent to acquisition | 84,707 | |||
Carrying amount of land | 80,292 | |||
Carrying amount of buildings and improvements | 431,014 | |||
Carrying amount of land and buildings and improvements, Total | 511,306 | |||
Accumulated Depreciation | $ (99,946) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 28 | |||
Land | $ 36,443 | |||
Building and Improvements | 163,700 | |||
Costs capitalized subsequent to acquisition | 37,994 | |||
Carrying amount of land | 36,516 | |||
Carrying amount of buildings and improvements | 201,621 | |||
Carrying amount of land and buildings and improvements, Total | 238,137 | |||
Accumulated Depreciation | $ (40,732) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Jacksonville, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,127 | |||
Building and Improvements | 8,131 | |||
Costs capitalized subsequent to acquisition | 220 | |||
Carrying amount of land | 1,127 | |||
Carrying amount of buildings and improvements | 8,351 | |||
Carrying amount of land and buildings and improvements, Total | 9,478 | |||
Accumulated Depreciation | $ (1,286) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kansas City Kansas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Building and Improvements | $ 14,411 | |||
Costs capitalized subsequent to acquisition | 68 | |||
Carrying amount of buildings and improvements | 14,479 | |||
Carrying amount of land and buildings and improvements, Total | 14,479 | |||
Accumulated Depreciation | $ (4,931) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 47 | |||
Land | $ 96,314 | |||
Building and Improvements | 300,715 | |||
Costs capitalized subsequent to acquisition | 22,045 | |||
Carrying amount of land | 86,947 | |||
Carrying amount of buildings and improvements | 332,127 | |||
Carrying amount of land and buildings and improvements, Total | 419,074 | |||
Accumulated Depreciation | $ (36,001) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Louisville, Kentucky [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 12 | |||
Land | $ 44,494 | |||
Building and Improvements | 234,848 | |||
Costs capitalized subsequent to acquisition | 34,930 | |||
Carrying amount of land | 45,102 | |||
Carrying amount of buildings and improvements | 269,170 | |||
Carrying amount of land and buildings and improvements, Total | 314,272 | |||
Accumulated Depreciation | $ (34,506) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Memphis, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 10 | |||
Land | $ 18,877 | |||
Building and Improvements | 63,738 | |||
Costs capitalized subsequent to acquisition | 38,439 | |||
Carrying amount of land | 18,430 | |||
Carrying amount of buildings and improvements | 102,624 | |||
Carrying amount of land and buildings and improvements, Total | 121,054 | |||
Accumulated Depreciation | $ (24,950) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Nashville, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 26 | |||
Land | $ 38,420 | |||
Building and Improvements | 180,156 | |||
Costs capitalized subsequent to acquisition | 12,842 | |||
Carrying amount of land | 38,420 | |||
Carrying amount of buildings and improvements | 192,998 | |||
Carrying amount of land and buildings and improvements, Total | 231,418 | |||
Accumulated Depreciation | $ (19,161) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 117 | |||
Land | $ 794,684 | |||
Building and Improvements | 1,660,722 | |||
Costs capitalized subsequent to acquisition | 310,220 | |||
Carrying amount of land | 792,307 | |||
Carrying amount of buildings and improvements | 1,973,319 | |||
Carrying amount of land and buildings and improvements, Total | 2,765,626 | |||
Accumulated Depreciation | $ (259,682) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Norfolk Virginia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,335 | |||
Building and Improvements | 9,665 | |||
Costs capitalized subsequent to acquisition | 25 | |||
Carrying amount of land | 2,335 | |||
Carrying amount of buildings and improvements | 9,690 | |||
Carrying amount of land and buildings and improvements, Total | 12,025 | |||
Accumulated Depreciation | $ (416) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 34 | |||
Land | $ 51,858 | |||
Building and Improvements | 175,263 | |||
Costs capitalized subsequent to acquisition | 24,861 | |||
Carrying amount of land | 51,858 | |||
Carrying amount of buildings and improvements | 200,124 | |||
Carrying amount of land and buildings and improvements, Total | 251,982 | |||
Accumulated Depreciation | $ (41,175) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 17 | |||
Land | $ 22,545 | |||
Building and Improvements | 91,783 | |||
Costs capitalized subsequent to acquisition | 17,990 | |||
Carrying amount of land | 22,606 | |||
Carrying amount of buildings and improvements | 109,712 | |||
Carrying amount of land and buildings and improvements, Total | 132,318 | |||
Accumulated Depreciation | $ (37,271) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Portland, Oregon [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 28 | |||
Land | $ 49,393 | |||
Building and Improvements | 153,825 | |||
Costs capitalized subsequent to acquisition | 13,065 | |||
Carrying amount of land | 48,056 | |||
Carrying amount of buildings and improvements | 168,227 | |||
Carrying amount of land and buildings and improvements, Total | 216,283 | |||
Accumulated Depreciation | $ (14,935) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 24 | |||
Land | $ 27,380 | |||
Building and Improvements | 164,160 | |||
Costs capitalized subsequent to acquisition | 47,816 | |||
Carrying amount of land | 28,855 | |||
Carrying amount of buildings and improvements | 210,501 | |||
Carrying amount of land and buildings and improvements, Total | 239,356 | |||
Accumulated Depreciation | $ (45,066) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Salt Lake City, Utah [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,485 | |||
Building and Improvements | 14,759 | |||
Carrying amount of land | 3,485 | |||
Carrying amount of buildings and improvements | 14,759 | |||
Carrying amount of land and buildings and improvements, Total | 18,244 | |||
Accumulated Depreciation | $ (991) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 49 | |||
Land | $ 43,290 | |||
Building and Improvements | 177,198 | |||
Costs capitalized subsequent to acquisition | 30,067 | |||
Carrying amount of land | 43,295 | |||
Carrying amount of buildings and improvements | 207,260 | |||
Carrying amount of land and buildings and improvements, Total | 250,555 | |||
Accumulated Depreciation | $ (48,246) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 194 | |||
Land | $ 368,128 | |||
Building and Improvements | 1,128,343 | |||
Costs capitalized subsequent to acquisition | 154,304 | |||
Carrying amount of land | 368,389 | |||
Carrying amount of buildings and improvements | 1,282,386 | |||
Carrying amount of land and buildings and improvements, Total | 1,650,775 | |||
Accumulated Depreciation | $ (367,045) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Savannah, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,161 | |||
Building and Improvements | 14,680 | |||
Costs capitalized subsequent to acquisition | 1,235 | |||
Carrying amount of land | 2,161 | |||
Carrying amount of buildings and improvements | 15,915 | |||
Carrying amount of land and buildings and improvements, Total | 18,076 | |||
Accumulated Depreciation | $ (2,227) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 53 | |||
Land | $ 191,721 | |||
Building and Improvements | 472,275 | |||
Costs capitalized subsequent to acquisition | 29,468 | |||
Carrying amount of land | 193,886 | |||
Carrying amount of buildings and improvements | 499,578 | |||
Carrying amount of land and buildings and improvements, Total | 693,464 | |||
Accumulated Depreciation | $ (57,624) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 125 | |||
Land | $ 308,773 | |||
Building and Improvements | 764,595 | |||
Costs capitalized subsequent to acquisition | 87,989 | |||
Carrying amount of land | 310,923 | |||
Carrying amount of buildings and improvements | 850,434 | |||
Carrying amount of land and buildings and improvements, Total | 1,161,357 | |||
Accumulated Depreciation | $ (110,544) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 270 | |||
Land | $ 1,901,481 | |||
Building and Improvements | 3,142,585 | |||
Costs capitalized subsequent to acquisition | 497,531 | |||
Carrying amount of land | 1,967,307 | |||
Carrying amount of buildings and improvements | 3,574,290 | |||
Carrying amount of land and buildings and improvements, Total | 5,541,597 | |||
Accumulated Depreciation | $ (614,551) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tampa, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 7 | |||
Land | $ 4,890 | |||
Building and Improvements | 21,748 | |||
Costs capitalized subsequent to acquisition | 322 | |||
Carrying amount of land | 4,890 | |||
Carrying amount of buildings and improvements | 22,070 | |||
Carrying amount of land and buildings and improvements, Total | 26,960 | |||
Accumulated Depreciation | $ (602) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 23 | |||
Land | $ 162,792 | |||
Building and Improvements | 339,143 | |||
Costs capitalized subsequent to acquisition | 87,559 | |||
Carrying amount of land | 165,743 | |||
Carrying amount of buildings and improvements | 423,751 | |||
Carrying amount of land and buildings and improvements, Total | 589,494 | |||
Accumulated Depreciation | $ (42,617) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Guadalajara | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 730 | |||
Building and Improvements | 2,287 | |||
Costs capitalized subsequent to acquisition | 2,132 | |||
Carrying amount of land | 730 | |||
Carrying amount of buildings and improvements | 4,419 | |||
Carrying amount of land and buildings and improvements, Total | 5,149 | |||
Accumulated Depreciation | $ (656) | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Atlanta Airport Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 4,759 | |||
Building and Improvements | 13,591 | |||
Costs capitalized subsequent to acquisition | 958 | |||
Carrying amount of land | 4,759 | |||
Carrying amount of buildings and improvements | 14,549 | |||
Carrying amount of land and buildings and improvements, Total | 19,308 | |||
Accumulated Depreciation | $ (696) | |||
Date of Construction/ Acquisition | 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Atlanta NE at Sugarloaf [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 620 | |||
Building and Improvements | 2,499 | |||
Costs capitalized subsequent to acquisition | 37 | |||
Carrying amount of land | 620 | |||
Carrying amount of buildings and improvements | 2,536 | |||
Carrying amount of land and buildings and improvements, Total | 3,156 | |||
Accumulated Depreciation | $ (115) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Atlanta NE Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 5,582 | |||
Building and Improvements | 3,047 | |||
Costs capitalized subsequent to acquisition | 30,949 | |||
Carrying amount of land | 6,276 | |||
Carrying amount of buildings and improvements | 33,302 | |||
Carrying amount of land and buildings and improvements, Total | 39,578 | |||
Accumulated Depreciation | $ (19,045) | |||
Date of Construction/ Acquisition | 1996, 1997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Atlanta South Business Park [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 5,353 | |||
Building and Improvements | 28,895 | |||
Costs capitalized subsequent to acquisition | 3,526 | |||
Carrying amount of land | 5,353 | |||
Carrying amount of buildings and improvements | 32,421 | |||
Carrying amount of land and buildings and improvements, Total | 37,774 | |||
Accumulated Depreciation | $ (5,398) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Atlanta West Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 14,335 | |||
Building and Improvements | 48,290 | |||
Costs capitalized subsequent to acquisition | 10,362 | |||
Carrying amount of land | 14,335 | |||
Carrying amount of buildings and improvements | 58,652 | |||
Carrying amount of land and buildings and improvements, Total | 72,987 | |||
Accumulated Depreciation | $ (13,248) | |||
Date of Construction/ Acquisition | 1994, 2006, 2012, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Berkeley Lake Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,046 | |||
Building and Improvements | 8,712 | |||
Costs capitalized subsequent to acquisition | 1,204 | |||
Carrying amount of land | 2,046 | |||
Carrying amount of buildings and improvements | 9,916 | |||
Carrying amount of land and buildings and improvements, Total | 11,962 | |||
Accumulated Depreciation | $ (2,331) | |||
Date of Construction/ Acquisition | 2,006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Breckenridge Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,645 | |||
Building and Improvements | 6,627 | |||
Costs capitalized subsequent to acquisition | 32 | |||
Carrying amount of land | 1,645 | |||
Carrying amount of buildings and improvements | 6,659 | |||
Carrying amount of land and buildings and improvements, Total | 8,304 | |||
Accumulated Depreciation | $ (303) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Buford Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,659 | |||
Building and Improvements | 8,847 | |||
Costs capitalized subsequent to acquisition | 5,984 | |||
Carrying amount of land | 2,659 | |||
Carrying amount of buildings and improvements | 14,831 | |||
Carrying amount of land and buildings and improvements, Total | 17,490 | |||
Accumulated Depreciation | $ (1,628) | |||
Date of Construction/ Acquisition | 2007, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Carter-Pacific Business Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 1,484 | |||
Building and Improvements | 5,965 | |||
Costs capitalized subsequent to acquisition | 148 | |||
Carrying amount of land | 1,484 | |||
Carrying amount of buildings and improvements | 6,113 | |||
Carrying amount of land and buildings and improvements, Total | 7,597 | |||
Accumulated Depreciation | $ (381) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cobb Place Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,970 | |||
Building and Improvements | 12,702 | |||
Costs capitalized subsequent to acquisition | 342 | |||
Carrying amount of land | 2,970 | |||
Carrying amount of buildings and improvements | 13,044 | |||
Carrying amount of land and buildings and improvements, Total | 16,014 | |||
Accumulated Depreciation | $ (1,914) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Douglas Hill Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 11,599 | |||
Building and Improvements | 46,826 | |||
Costs capitalized subsequent to acquisition | 4,383 | |||
Carrying amount of land | 11,677 | |||
Carrying amount of buildings and improvements | 51,131 | |||
Carrying amount of land and buildings and improvements, Total | 62,808 | |||
Accumulated Depreciation | $ (17,388) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hartsfield East Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 697 | |||
Building and Improvements | 6,466 | |||
Costs capitalized subsequent to acquisition | 327 | |||
Carrying amount of land | 697 | |||
Carrying amount of buildings and improvements | 6,793 | |||
Carrying amount of land and buildings and improvements, Total | 7,490 | |||
Accumulated Depreciation | $ (910) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Horizon Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 7,364 | |||
Building and Improvements | 36,015 | |||
Costs capitalized subsequent to acquisition | 1,545 | |||
Carrying amount of land | 7,364 | |||
Carrying amount of buildings and improvements | 37,560 | |||
Carrying amount of land and buildings and improvements, Total | 44,924 | |||
Accumulated Depreciation | $ (3,582) | |||
Date of Construction/ Acquisition | 2006, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Midland Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,919 | |||
Building and Improvements | 7,679 | |||
Costs capitalized subsequent to acquisition | 1,521 | |||
Carrying amount of land | 1,919 | |||
Carrying amount of buildings and improvements | 9,200 | |||
Carrying amount of land and buildings and improvements, Total | 11,119 | |||
Accumulated Depreciation | $ (3,031) | |||
Date of Construction/ Acquisition | 2,006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northeast Industrial Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,821 | |||
Building and Improvements | 12,176 | |||
Costs capitalized subsequent to acquisition | 1,687 | |||
Carrying amount of land | 2,821 | |||
Carrying amount of buildings and improvements | 13,863 | |||
Carrying amount of land and buildings and improvements, Total | 16,684 | |||
Accumulated Depreciation | $ (2,206) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northmont Industrial Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 566 | |||
Building and Improvements | 3,209 | |||
Costs capitalized subsequent to acquisition | 1,709 | |||
Carrying amount of land | 566 | |||
Carrying amount of buildings and improvements | 4,918 | |||
Carrying amount of land and buildings and improvements, Total | 5,484 | |||
Accumulated Depreciation | $ (3,430) | |||
Date of Construction/ Acquisition | 1,994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Olympic Industrial Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,156 | |||
Building and Improvements | 8,941 | |||
Costs capitalized subsequent to acquisition | 72 | |||
Carrying amount of land | 2,156 | |||
Carrying amount of buildings and improvements | 9,013 | |||
Carrying amount of land and buildings and improvements, Total | 11,169 | |||
Accumulated Depreciation | $ (592) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Park I-75 South [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 11,393 | |||
Building and Improvements | 18,808 | |||
Costs capitalized subsequent to acquisition | 35,394 | |||
Carrying amount of land | 11,406 | |||
Carrying amount of buildings and improvements | 54,189 | |||
Carrying amount of land and buildings and improvements, Total | 65,595 | |||
Accumulated Depreciation | $ (2,969) | |||
Date of Construction/ Acquisition | 2013, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Park I-85 [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 6,391 | |||
Building and Improvements | 11,585 | |||
Costs capitalized subsequent to acquisition | 25,946 | |||
Carrying amount of land | 6,391 | |||
Carrying amount of buildings and improvements | 37,531 | |||
Carrying amount of land and buildings and improvements, Total | 43,922 | |||
Accumulated Depreciation | $ (243) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Peachtree Corners Business Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 5,750 | |||
Building and Improvements | 20,670 | |||
Costs capitalized subsequent to acquisition | 3,376 | |||
Carrying amount of land | 5,750 | |||
Carrying amount of buildings and improvements | 24,046 | |||
Carrying amount of land and buildings and improvements, Total | 29,796 | |||
Accumulated Depreciation | $ (5,473) | |||
Date of Construction/ Acquisition | 1994, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Piedmont Ct. Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 885 | |||
Building and Improvements | 5,013 | |||
Costs capitalized subsequent to acquisition | 4,181 | |||
Carrying amount of land | 885 | |||
Carrying amount of buildings and improvements | 9,194 | |||
Carrying amount of land and buildings and improvements, Total | 10,079 | |||
Accumulated Depreciation | $ (6,085) | |||
Date of Construction/ Acquisition | 1,997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Riverside Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 3,306 | |||
Building and Improvements | 16,600 | |||
Costs capitalized subsequent to acquisition | 4,422 | |||
Carrying amount of land | 3,329 | |||
Carrying amount of buildings and improvements | 20,999 | |||
Carrying amount of land and buildings and improvements, Total | 24,328 | |||
Accumulated Depreciation | $ (10,463) | |||
Date of Construction/ Acquisition | 1999, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Riverside Distribution Center [Member] | Austin, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,849 | |||
Building and Improvements | 7,195 | |||
Carrying amount of land | 1,849 | |||
Carrying amount of buildings and improvements | 7,195 | |||
Carrying amount of land and buildings and improvements, Total | 9,044 | |||
Accumulated Depreciation | $ (166) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Royal 85 Industrial Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 3,306 | |||
Building and Improvements | 16,859 | |||
Costs capitalized subsequent to acquisition | 224 | |||
Carrying amount of land | 3,306 | |||
Carrying amount of buildings and improvements | 17,083 | |||
Carrying amount of land and buildings and improvements, Total | 20,389 | |||
Accumulated Depreciation | $ (407) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Savannah Logistics Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 5,114 | |||
Building and Improvements | 46,844 | |||
Costs capitalized subsequent to acquisition | 3 | |||
Carrying amount of land | 5,114 | |||
Carrying amount of buildings and improvements | 46,847 | |||
Carrying amount of land and buildings and improvements, Total | 51,961 | |||
Accumulated Depreciation | $ (1,019) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Southfield KRDC Industrial SG [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,551 | |||
Building and Improvements | 8,621 | |||
Costs capitalized subsequent to acquisition | 491 | |||
Carrying amount of land | 1,551 | |||
Carrying amount of buildings and improvements | 9,112 | |||
Carrying amount of land and buildings and improvements, Total | 10,663 | |||
Accumulated Depreciation | $ (2,200) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Southside Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,186 | |||
Building and Improvements | 2,859 | |||
Costs capitalized subsequent to acquisition | 589 | |||
Carrying amount of land | 1,186 | |||
Carrying amount of buildings and improvements | 3,448 | |||
Carrying amount of land and buildings and improvements, Total | 4,634 | |||
Accumulated Depreciation | $ (768) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Suwanee Creek Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,045 | |||
Building and Improvements | 4,201 | |||
Costs capitalized subsequent to acquisition | 263 | |||
Carrying amount of land | 1,045 | |||
Carrying amount of buildings and improvements | 4,464 | |||
Carrying amount of land and buildings and improvements, Total | 5,509 | |||
Accumulated Depreciation | $ (612) | |||
Date of Construction/ Acquisition | 2010, 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tradeport Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 1,464 | |||
Building and Improvements | 4,563 | |||
Costs capitalized subsequent to acquisition | 9,595 | |||
Carrying amount of land | 1,479 | |||
Carrying amount of buildings and improvements | 14,143 | |||
Carrying amount of land and buildings and improvements, Total | 15,622 | |||
Accumulated Depreciation | $ (8,348) | |||
Date of Construction/ Acquisition | 1994, 1996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Weaver Distribution Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 935 | |||
Building and Improvements | 5,182 | |||
Costs capitalized subsequent to acquisition | 2,439 | |||
Carrying amount of land | 935 | |||
Carrying amount of buildings and improvements | 7,621 | |||
Carrying amount of land and buildings and improvements, Total | 8,556 | |||
Accumulated Depreciation | $ (5,488) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Westfork Industrial Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 6,795 | |||
Building and Improvements | 23,292 | |||
Costs capitalized subsequent to acquisition | 556 | |||
Carrying amount of land | 6,796 | |||
Carrying amount of buildings and improvements | 23,847 | |||
Carrying amount of land and buildings and improvements, Total | 30,643 | |||
Accumulated Depreciation | $ (3,440) | |||
Date of Construction/ Acquisition | 1995, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Westgate Industrial Center [Member] | Atlanta, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,277 | |||
Building and Improvements | 5,620 | |||
Costs capitalized subsequent to acquisition | 234 | |||
Carrying amount of land | 1,277 | |||
Carrying amount of buildings and improvements | 5,854 | |||
Carrying amount of land and buildings and improvements, Total | 7,131 | |||
Accumulated Depreciation | $ (1,035) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Corridor Park Corporate Center [Member] | Austin, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 4,579 | |||
Building and Improvements | 18,358 | |||
Costs capitalized subsequent to acquisition | 504 | |||
Carrying amount of land | 4,579 | |||
Carrying amount of buildings and improvements | 18,862 | |||
Carrying amount of land and buildings and improvements, Total | 23,441 | |||
Accumulated Depreciation | $ (816) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | MET 4-12 LTD [Member] | Austin, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,300 | |||
Building and Improvements | 20,456 | |||
Costs capitalized subsequent to acquisition | 294 | |||
Carrying amount of land | 4,300 | |||
Carrying amount of buildings and improvements | 20,750 | |||
Carrying amount of land and buildings and improvements, Total | 25,050 | |||
Accumulated Depreciation | $ (3,425) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | MET PHASE 1 95 LTD [Member] | Austin, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 5,593 | |||
Building and Improvements | 17,211 | |||
Costs capitalized subsequent to acquisition | 1,415 | |||
Carrying amount of land | 5,593 | |||
Carrying amount of buildings and improvements | 18,626 | |||
Carrying amount of land and buildings and improvements, Total | 24,219 | |||
Accumulated Depreciation | $ (3,222) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Montopolis Distribution Center [Member] | Austin, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 580 | |||
Building and Improvements | 3,384 | |||
Costs capitalized subsequent to acquisition | 2,607 | |||
Carrying amount of land | 580 | |||
Carrying amount of buildings and improvements | 5,991 | |||
Carrying amount of land and buildings and improvements, Total | 6,571 | |||
Accumulated Depreciation | $ (4,570) | |||
Date of Construction/ Acquisition | 1,994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Southpark Corporate Center [Member] | Austin, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 1,470 | |||
Building and Improvements | 5,834 | |||
Costs capitalized subsequent to acquisition | 4 | |||
Carrying amount of land | 1,470 | |||
Carrying amount of buildings and improvements | 5,838 | |||
Carrying amount of land and buildings and improvements, Total | 7,308 | |||
Accumulated Depreciation | $ (258) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Walnut Creek Corporate Center [Member] | Austin, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 17 | |||
Land | $ 11,152 | |||
Building and Improvements | 46,510 | |||
Costs capitalized subsequent to acquisition | 1,299 | |||
Carrying amount of land | 11,206 | |||
Carrying amount of buildings and improvements | 47,755 | |||
Carrying amount of land and buildings and improvements, Total | 58,961 | |||
Accumulated Depreciation | $ (5,247) | |||
Date of Construction/ Acquisition | 1994, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | 1901 Park 100 Drive [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,409 | |||
Building and Improvements | 7,227 | |||
Costs capitalized subsequent to acquisition | 1,178 | |||
Carrying amount of land | 2,409 | |||
Carrying amount of buildings and improvements | 8,405 | |||
Carrying amount of land and buildings and improvements, Total | 10,814 | |||
Accumulated Depreciation | $ (2,961) | |||
Date of Construction/ Acquisition | 2,006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Airport Commons Distribution Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,320 | |||
Costs capitalized subsequent to acquisition | 10,573 | |||
Carrying amount of land | 2,360 | |||
Carrying amount of buildings and improvements | 10,533 | |||
Carrying amount of land and buildings and improvements, Total | 12,893 | |||
Accumulated Depreciation | $ (5,064) | |||
Date of Construction/ Acquisition | 1,997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Beltway Distribution [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 9,211 | |||
Building and Improvements | 33,922 | |||
Costs capitalized subsequent to acquisition | 508 | |||
Carrying amount of land | 9,211 | |||
Carrying amount of buildings and improvements | 34,430 | |||
Carrying amount of land and buildings and improvements, Total | 43,641 | |||
Accumulated Depreciation | $ (5,765) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | BWI Cargo Center E [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Building and Improvements | $ 10,725 | |||
Costs capitalized subsequent to acquisition | 115 | |||
Carrying amount of buildings and improvements | 10,840 | |||
Carrying amount of land and buildings and improvements, Total | 10,840 | |||
Accumulated Depreciation | $ (5,887) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Corcorde Industrial Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 1,538 | |||
Building and Improvements | 8,717 | |||
Costs capitalized subsequent to acquisition | 5,038 | |||
Carrying amount of land | 1,538 | |||
Carrying amount of buildings and improvements | 13,755 | |||
Carrying amount of land and buildings and improvements, Total | 15,293 | |||
Accumulated Depreciation | $ (9,380) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Corridor Industrial Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,921 | |||
Building and Improvements | 7,224 | |||
Costs capitalized subsequent to acquisition | 23 | |||
Carrying amount of land | 1,921 | |||
Carrying amount of buildings and improvements | 7,247 | |||
Carrying amount of land and buildings and improvements, Total | 9,168 | |||
Accumulated Depreciation | $ (1,249) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Crysen Industrial Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,285 | |||
Building and Improvements | 6,267 | |||
Costs capitalized subsequent to acquisition | 488 | |||
Carrying amount of land | 2,285 | |||
Carrying amount of buildings and improvements | 6,755 | |||
Carrying amount of land and buildings and improvements, Total | 9,040 | |||
Accumulated Depreciation | $ (1,307) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Gateway Business Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 30,263 | |||
Building and Improvements | 25,117 | |||
Costs capitalized subsequent to acquisition | 38,117 | |||
Carrying amount of land | 30,612 | |||
Carrying amount of buildings and improvements | 62,885 | |||
Carrying amount of land and buildings and improvements, Total | 93,497 | |||
Accumulated Depreciation | $ (2,921) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Gateway Distribution Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 2,523 | |||
Building and Improvements | 5,715 | |||
Costs capitalized subsequent to acquisition | 4,862 | |||
Carrying amount of land | 3,163 | |||
Carrying amount of buildings and improvements | 9,937 | |||
Carrying amount of land and buildings and improvements, Total | 13,100 | |||
Accumulated Depreciation | $ (2,886) | |||
Date of Construction/ Acquisition | 1998, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Granite Hill Distribution Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,959 | |||
Building and Improvements | 9,344 | |||
Costs capitalized subsequent to acquisition | 74 | |||
Carrying amount of land | 2,959 | |||
Carrying amount of buildings and improvements | 9,418 | |||
Carrying amount of land and buildings and improvements, Total | 12,377 | |||
Accumulated Depreciation | $ (1,991) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Greenwood Industrial [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 6,828 | |||
Building and Improvements | 24,253 | |||
Costs capitalized subsequent to acquisition | 2,451 | |||
Carrying amount of land | 6,828 | |||
Carrying amount of buildings and improvements | 26,704 | |||
Carrying amount of land and buildings and improvements, Total | 33,532 | |||
Accumulated Depreciation | $ (4,360) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hampton Central Distribution Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 8,928 | |||
Building and Improvements | 26,787 | |||
Costs capitalized subsequent to acquisition | 788 | |||
Carrying amount of land | 8,928 | |||
Carrying amount of buildings and improvements | 27,575 | |||
Carrying amount of land and buildings and improvements, Total | 36,503 | |||
Accumulated Depreciation | $ (1,192) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | IAD Cargo Center 5 [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Building and Improvements | $ 43,060 | |||
Costs capitalized subsequent to acquisition | 75 | |||
Carrying amount of buildings and improvements | 43,135 | |||
Carrying amount of land and buildings and improvements, Total | 43,135 | |||
Accumulated Depreciation | $ (32,308) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meadowridge Distribution Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 7,827 | |||
Building and Improvements | 18,076 | |||
Costs capitalized subsequent to acquisition | 8,140 | |||
Carrying amount of land | 7,972 | |||
Carrying amount of buildings and improvements | 26,071 | |||
Carrying amount of land and buildings and improvements, Total | 34,043 | |||
Accumulated Depreciation | $ (3,967) | |||
Date of Construction/ Acquisition | 1998, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meadowridge Industrial [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 4,845 | |||
Building and Improvements | 20,576 | |||
Costs capitalized subsequent to acquisition | 4,161 | |||
Carrying amount of land | 4,845 | |||
Carrying amount of buildings and improvements | 24,737 | |||
Carrying amount of land and buildings and improvements, Total | 29,582 | |||
Accumulated Depreciation | $ (3,782) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Patuxent Range Road [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,281 | |||
Building and Improvements | 9,638 | |||
Costs capitalized subsequent to acquisition | 1,589 | |||
Carrying amount of land | 2,281 | |||
Carrying amount of buildings and improvements | 11,227 | |||
Carrying amount of land and buildings and improvements, Total | 13,508 | |||
Accumulated Depreciation | $ (1,974) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Preston Court [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,326 | |||
Building and Improvements | 10,146 | |||
Costs capitalized subsequent to acquisition | 331 | |||
Carrying amount of land | 2,326 | |||
Carrying amount of buildings and improvements | 10,477 | |||
Carrying amount of land and buildings and improvements, Total | 12,803 | |||
Accumulated Depreciation | $ (1,772) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | ProLogis Park - Dulles [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 16,703 | |||
Building and Improvements | 35,291 | |||
Costs capitalized subsequent to acquisition | 613 | |||
Carrying amount of land | 16,703 | |||
Carrying amount of buildings and improvements | 35,904 | |||
Carrying amount of land and buildings and improvements, Total | 52,607 | |||
Accumulated Depreciation | $ (3,513) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Troy Hill Distribution Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 9,179 | |||
Building and Improvements | 30,415 | |||
Costs capitalized subsequent to acquisition | 189 | |||
Carrying amount of land | 9,179 | |||
Carrying amount of buildings and improvements | 30,604 | |||
Carrying amount of land and buildings and improvements, Total | 39,783 | |||
Accumulated Depreciation | $ (2,408) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | White Marsh Distribution Center [Member] | Baltimore/Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,714 | |||
Building and Improvements | 8,609 | |||
Carrying amount of land | 4,714 | |||
Carrying amount of buildings and improvements | 8,609 | |||
Carrying amount of land and buildings and improvements, Total | 13,323 | |||
Accumulated Depreciation | $ (51) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Windsor Distribution Center [Member] | Boston Massachusetts | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 15,368 | |||
Building and Improvements | 75,426 | |||
Costs capitalized subsequent to acquisition | 5,828 | |||
Carrying amount of land | 15,368 | |||
Carrying amount of buildings and improvements | 81,254 | |||
Carrying amount of land and buildings and improvements, Total | 96,622 | |||
Accumulated Depreciation | $ (1,221) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Carlisle Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 78,652 | |||
Building and Improvements | 328,514 | |||
Costs capitalized subsequent to acquisition | 6,805 | |||
Carrying amount of land | 78,652 | |||
Carrying amount of buildings and improvements | 335,319 | |||
Carrying amount of land and buildings and improvements, Total | 413,971 | |||
Accumulated Depreciation | $ (26,840) | |||
Date of Construction/ Acquisition | 2012, 2013, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chambersburg Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,188 | |||
Building and Improvements | 17,796 | |||
Costs capitalized subsequent to acquisition | 138 | |||
Carrying amount of land | 4,188 | |||
Carrying amount of buildings and improvements | 17,934 | |||
Carrying amount of land and buildings and improvements, Total | 22,122 | |||
Accumulated Depreciation | $ (1,598) | |||
Date of Construction/ Acquisition | 2,013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Harrisburg Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 30,801 | |||
Building and Improvements | 122,169 | |||
Costs capitalized subsequent to acquisition | 3,358 | |||
Carrying amount of land | 30,801 | |||
Carrying amount of buildings and improvements | 125,527 | |||
Carrying amount of land and buildings and improvements, Total | 156,328 | |||
Accumulated Depreciation | $ (13,480) | |||
Date of Construction/ Acquisition | 2004, 2013, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Harrisburg Industrial Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 782 | |||
Building and Improvements | 6,190 | |||
Costs capitalized subsequent to acquisition | 1,741 | |||
Carrying amount of land | 782 | |||
Carrying amount of buildings and improvements | 7,931 | |||
Carrying amount of land and buildings and improvements, Total | 8,713 | |||
Accumulated Depreciation | $ (3,494) | |||
Date of Construction/ Acquisition | 2,002 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | I-78 Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 13,030 | |||
Building and Improvements | 30,007 | |||
Costs capitalized subsequent to acquisition | 419 | |||
Carrying amount of land | 13,030 | |||
Carrying amount of buildings and improvements | 30,426 | |||
Carrying amount of land and buildings and improvements, Total | 43,456 | |||
Accumulated Depreciation | $ (4,708) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | I-81 Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,822 | |||
Building and Improvements | 21,583 | |||
Costs capitalized subsequent to acquisition | 377 | |||
Carrying amount of land | 1,822 | |||
Carrying amount of buildings and improvements | 21,960 | |||
Carrying amount of land and buildings and improvements, Total | 23,782 | |||
Accumulated Depreciation | $ (3,317) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kraft Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 7,450 | |||
Building and Improvements | 22,457 | |||
Costs capitalized subsequent to acquisition | 20 | |||
Carrying amount of land | 7,450 | |||
Carrying amount of buildings and improvements | 22,477 | |||
Carrying amount of land and buildings and improvements, Total | 29,927 | |||
Accumulated Depreciation | $ (1,027) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Lehigh Valley Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 26,795 | |||
Building and Improvements | 88,519 | |||
Costs capitalized subsequent to acquisition | 24,824 | |||
Carrying amount of land | 26,875 | |||
Carrying amount of buildings and improvements | 113,263 | |||
Carrying amount of land and buildings and improvements, Total | 140,138 | |||
Accumulated Depreciation | $ (12,280) | |||
Date of Construction/ Acquisition | 2004, 2010, 2013, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northport Industrial Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 12,282 | |||
Building and Improvements | 37,910 | |||
Carrying amount of land | 12,282 | |||
Carrying amount of buildings and improvements | 37,910 | |||
Carrying amount of land and buildings and improvements, Total | 50,192 | |||
Accumulated Depreciation | $ (1,751) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Park 33 Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 28,947 | |||
Building and Improvements | 47,081 | |||
Costs capitalized subsequent to acquisition | 41,255 | |||
Carrying amount of land | 31,231 | |||
Carrying amount of buildings and improvements | 86,052 | |||
Carrying amount of land and buildings and improvements, Total | 117,283 | |||
Accumulated Depreciation | $ (9,063) | |||
Date of Construction/ Acquisition | 2007, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | PHL Cargo Center C2 [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Building and Improvements | $ 11,966 | |||
Costs capitalized subsequent to acquisition | 56 | |||
Carrying amount of buildings and improvements | 12,022 | |||
Carrying amount of land and buildings and improvements, Total | 12,022 | |||
Accumulated Depreciation | $ (5,536) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Quakertown Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,966 | |||
Costs capitalized subsequent to acquisition | 27,488 | |||
Carrying amount of land | 6,966 | |||
Carrying amount of buildings and improvements | 27,488 | |||
Carrying amount of land and buildings and improvements, Total | 34,454 | |||
Accumulated Depreciation | $ (6,668) | |||
Date of Construction/ Acquisition | 2,006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Arch Road Logistics Center [Member] | Central Valley California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 9,492 | |||
Building and Improvements | 38,060 | |||
Costs capitalized subsequent to acquisition | 2,310 | |||
Carrying amount of land | 9,492 | |||
Carrying amount of buildings and improvements | 40,370 | |||
Carrying amount of land and buildings and improvements, Total | 49,862 | |||
Accumulated Depreciation | $ (7,210) | |||
Date of Construction/ Acquisition | 2,010 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Central Valley Distribution Center [Member] | Central Valley California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 5,339 | |||
Building and Improvements | 31,007 | |||
Costs capitalized subsequent to acquisition | 832 | |||
Carrying amount of land | 5,339 | |||
Carrying amount of buildings and improvements | 31,839 | |||
Carrying amount of land and buildings and improvements, Total | 37,178 | |||
Accumulated Depreciation | $ (1,504) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Central Valley Industrial Center [Member] | Central Valley California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 14,110 | |||
Building and Improvements | 64,141 | |||
Costs capitalized subsequent to acquisition | 8,861 | |||
Carrying amount of land | 14,560 | |||
Carrying amount of buildings and improvements | 72,552 | |||
Carrying amount of land and buildings and improvements, Total | 87,112 | |||
Accumulated Depreciation | $ (28,553) | |||
Date of Construction/ Acquisition | 1999, 2002, 2005, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chabot Commerce Center [Member] | Central Valley California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 5,222 | |||
Building and Improvements | 13,697 | |||
Costs capitalized subsequent to acquisition | 7,708 | |||
Carrying amount of land | 5,222 | |||
Carrying amount of buildings and improvements | 21,405 | |||
Carrying amount of land and buildings and improvements, Total | 26,627 | |||
Accumulated Depreciation | $ (4,797) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Duck Creek Distribution Center [Member] | Central Valley California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,690 | |||
Building and Improvements | 37,858 | |||
Carrying amount of land | 6,690 | |||
Carrying amount of buildings and improvements | 37,858 | |||
Carrying amount of land and buildings and improvements, Total | 44,548 | |||
Accumulated Depreciation | $ (1,668) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Manteca Distribution Center [Member] | Central Valley California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 9,280 | |||
Building and Improvements | 27,840 | |||
Costs capitalized subsequent to acquisition | 598 | |||
Carrying amount of land | 9,480 | |||
Carrying amount of buildings and improvements | 28,238 | |||
Carrying amount of land and buildings and improvements, Total | 37,718 | |||
Accumulated Depreciation | $ (9,704) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Patterson Pass Business Center [Member] | Central Valley California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 10,004 | |||
Building and Improvements | 27,640 | |||
Costs capitalized subsequent to acquisition | 7,413 | |||
Carrying amount of land | 10,017 | |||
Carrying amount of buildings and improvements | 35,040 | |||
Carrying amount of land and buildings and improvements, Total | 45,057 | |||
Accumulated Depreciation | $ (5,349) | |||
Date of Construction/ Acquisition | 2007, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tracy Distribution Center [Member] | Central Valley California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,056 | |||
Building and Improvements | 11,789 | |||
Costs capitalized subsequent to acquisition | 1,665 | |||
Carrying amount of land | 2,056 | |||
Carrying amount of buildings and improvements | 13,454 | |||
Carrying amount of land and buildings and improvements, Total | 15,510 | |||
Accumulated Depreciation | $ (528) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tracy II Distribution Center [Member] | Central Valley California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 23,905 | |||
Building and Improvements | 32,080 | |||
Costs capitalized subsequent to acquisition | 152,263 | |||
Carrying amount of land | 29,246 | |||
Carrying amount of buildings and improvements | 179,002 | |||
Carrying amount of land and buildings and improvements, Total | 208,248 | |||
Accumulated Depreciation | $ (25,323) | |||
Date of Construction/ Acquisition | 2007, 2009, 2012, 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Charlotte Distribution Center [Member] | Charlotte, North Carolina [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 11 | |||
Land | $ 6,596 | |||
Building and Improvements | 8,206 | |||
Costs capitalized subsequent to acquisition | 29,277 | |||
Carrying amount of land | 8,114 | |||
Carrying amount of buildings and improvements | 35,965 | |||
Carrying amount of land and buildings and improvements, Total | 44,079 | |||
Accumulated Depreciation | $ (16,925) | |||
Date of Construction/ Acquisition | 1995, 1996, 1997, 1998, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northpark Distribution Center [Member] | Charlotte, North Carolina [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,183 | |||
Building and Improvements | 6,707 | |||
Costs capitalized subsequent to acquisition | 3,020 | |||
Carrying amount of land | 1,184 | |||
Carrying amount of buildings and improvements | 9,726 | |||
Carrying amount of land and buildings and improvements, Total | 10,910 | |||
Accumulated Depreciation | $ (6,664) | |||
Date of Construction/ Acquisition | 1994, 1998 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northpark Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 12 | |||
Land | $ 15,015 | |||
Building and Improvements | 37,139 | |||
Costs capitalized subsequent to acquisition | 35,246 | |||
Carrying amount of land | 15,015 | |||
Carrying amount of buildings and improvements | 72,385 | |||
Carrying amount of land and buildings and improvements, Total | 87,400 | |||
Accumulated Depreciation | $ (7,548) | |||
Date of Construction/ Acquisition | 2006, 2008, 2012, 2013, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | West Pointe Business Center [Member] | Charlotte, North Carolina [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 12,138 | |||
Building and Improvements | 39,809 | |||
Costs capitalized subsequent to acquisition | 10,194 | |||
Carrying amount of land | 12,138 | |||
Carrying amount of buildings and improvements | 50,003 | |||
Carrying amount of land and buildings and improvements, Total | 62,141 | |||
Accumulated Depreciation | $ (6,681) | |||
Date of Construction/ Acquisition | 2006, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Addison Business Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,293 | |||
Building and Improvements | 2,907 | |||
Costs capitalized subsequent to acquisition | 515 | |||
Carrying amount of land | 1,293 | |||
Carrying amount of buildings and improvements | 3,422 | |||
Carrying amount of land and buildings and improvements, Total | 4,715 | |||
Accumulated Depreciation | $ (661) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Addison Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,594 | |||
Building and Improvements | 11,779 | |||
Costs capitalized subsequent to acquisition | 2,142 | |||
Carrying amount of land | 2,594 | |||
Carrying amount of buildings and improvements | 13,921 | |||
Carrying amount of land and buildings and improvements, Total | 16,515 | |||
Accumulated Depreciation | $ (3,442) | |||
Date of Construction/ Acquisition | 1997, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Alsip Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 6,311 | |||
Building and Improvements | 18,719 | |||
Costs capitalized subsequent to acquisition | 9,489 | |||
Carrying amount of land | 6,619 | |||
Carrying amount of buildings and improvements | 27,900 | |||
Carrying amount of land and buildings and improvements, Total | 34,519 | |||
Accumulated Depreciation | $ (13,004) | |||
Date of Construction/ Acquisition | 1997, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Alsip Industrial Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,422 | |||
Building and Improvements | 2,336 | |||
Costs capitalized subsequent to acquisition | 47 | |||
Carrying amount of land | 1,422 | |||
Carrying amount of buildings and improvements | 2,383 | |||
Carrying amount of land and buildings and improvements, Total | 3,805 | |||
Accumulated Depreciation | $ (864) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Arlington Heights Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 5,263 | |||
Building and Improvements | 10,361 | |||
Costs capitalized subsequent to acquisition | 2,568 | |||
Carrying amount of land | 5,264 | |||
Carrying amount of buildings and improvements | 12,928 | |||
Carrying amount of land and buildings and improvements, Total | 18,192 | |||
Accumulated Depreciation | $ (2,072) | |||
Date of Construction/ Acquisition | 2006, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Aurora Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 9,921 | |||
Building and Improvements | 53,571 | |||
Costs capitalized subsequent to acquisition | 108 | |||
Carrying amount of land | 9,921 | |||
Carrying amount of buildings and improvements | 53,679 | |||
Carrying amount of land and buildings and improvements, Total | 63,600 | |||
Accumulated Depreciation | $ (1,790) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bedford Park Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,014 | |||
Building and Improvements | 9,271 | |||
Costs capitalized subsequent to acquisition | 293 | |||
Carrying amount of land | 3,014 | |||
Carrying amount of buildings and improvements | 9,564 | |||
Carrying amount of land and buildings and improvements, Total | 12,578 | |||
Accumulated Depreciation | $ (261) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bensenville Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 926 | |||
Building and Improvements | 3,842 | |||
Costs capitalized subsequent to acquisition | 6,370 | |||
Carrying amount of land | 940 | |||
Carrying amount of buildings and improvements | 10,198 | |||
Carrying amount of land and buildings and improvements, Total | 11,138 | |||
Accumulated Depreciation | $ (7,487) | |||
Date of Construction/ Acquisition | 1,997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bensenville Ind Park [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 14 | |||
Land | $ 43,455 | |||
Building and Improvements | 111,007 | |||
Costs capitalized subsequent to acquisition | 7,923 | |||
Carrying amount of land | 43,455 | |||
Carrying amount of buildings and improvements | 118,930 | |||
Carrying amount of land and buildings and improvements, Total | 162,385 | |||
Accumulated Depreciation | $ (19,777) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bloomingdale 100 Business Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 6,563 | |||
Building and Improvements | 26,145 | |||
Costs capitalized subsequent to acquisition | 1,447 | |||
Carrying amount of land | 6,563 | |||
Carrying amount of buildings and improvements | 27,592 | |||
Carrying amount of land and buildings and improvements, Total | 34,155 | |||
Accumulated Depreciation | $ (1,173) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bolingbrook Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 14 | |||
Land | $ 42,742 | |||
Building and Improvements | 169,183 | |||
Costs capitalized subsequent to acquisition | 23,549 | |||
Carrying amount of land | 42,742 | |||
Carrying amount of buildings and improvements | 192,732 | |||
Carrying amount of land and buildings and improvements, Total | 235,474 | |||
Accumulated Depreciation | $ (32,692) | |||
Date of Construction/ Acquisition | 1999, 2006, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bridgeview Dist Ctr [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 1,662 | |||
Building and Improvements | 6,882 | |||
Costs capitalized subsequent to acquisition | 68 | |||
Carrying amount of land | 1,662 | |||
Carrying amount of buildings and improvements | 6,950 | |||
Carrying amount of land and buildings and improvements, Total | 8,612 | |||
Accumulated Depreciation | $ (483) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bridgeview Industrial [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,380 | |||
Building and Improvements | 3,404 | |||
Costs capitalized subsequent to acquisition | 949 | |||
Carrying amount of land | 1,488 | |||
Carrying amount of buildings and improvements | 4,245 | |||
Carrying amount of land and buildings and improvements, Total | 5,733 | |||
Accumulated Depreciation | $ (808) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chicago Industrial Portfolio [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,330 | |||
Building and Improvements | 2,876 | |||
Costs capitalized subsequent to acquisition | 422 | |||
Carrying amount of land | 1,330 | |||
Carrying amount of buildings and improvements | 3,298 | |||
Carrying amount of land and buildings and improvements, Total | 4,628 | |||
Accumulated Depreciation | $ (755) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cicero Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,789 | |||
Building and Improvements | 5,819 | |||
Costs capitalized subsequent to acquisition | 54 | |||
Carrying amount of land | 3,789 | |||
Carrying amount of buildings and improvements | 5,873 | |||
Carrying amount of land and buildings and improvements, Total | 9,662 | |||
Accumulated Depreciation | $ (285) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Des Plaines Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 8,956 | |||
Building and Improvements | 22,446 | |||
Costs capitalized subsequent to acquisition | 7,278 | |||
Carrying amount of land | 8,957 | |||
Carrying amount of buildings and improvements | 29,723 | |||
Carrying amount of land and buildings and improvements, Total | 38,680 | |||
Accumulated Depreciation | $ (13,690) | |||
Date of Construction/ Acquisition | 1995, 1996, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Elgin Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,480 | |||
Building and Improvements | 6,422 | |||
Costs capitalized subsequent to acquisition | 446 | |||
Carrying amount of land | 2,480 | |||
Carrying amount of buildings and improvements | 6,868 | |||
Carrying amount of land and buildings and improvements, Total | 9,348 | |||
Accumulated Depreciation | $ (132) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Elk Grove Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 19 | |||
Land | $ 39,769 | |||
Building and Improvements | 90,757 | |||
Costs capitalized subsequent to acquisition | 50,195 | |||
Carrying amount of land | 39,769 | |||
Carrying amount of buildings and improvements | 140,952 | |||
Carrying amount of land and buildings and improvements, Total | 180,721 | |||
Accumulated Depreciation | $ (50,797) | |||
Date of Construction/ Acquisition | 1995, 1996, 1997, 1999, 2006, 2009, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Elk Grove Du Page [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 21 | |||
Land | $ 14,830 | |||
Building and Improvements | 64,408 | |||
Costs capitalized subsequent to acquisition | 11,952 | |||
Carrying amount of land | 14,830 | |||
Carrying amount of buildings and improvements | 76,360 | |||
Carrying amount of land and buildings and improvements, Total | 91,190 | |||
Accumulated Depreciation | $ (12,881) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Elk Grove Village SG [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 5,856 | |||
Building and Improvements | 11,049 | |||
Costs capitalized subsequent to acquisition | 1,163 | |||
Carrying amount of land | 5,856 | |||
Carrying amount of buildings and improvements | 12,212 | |||
Carrying amount of land and buildings and improvements, Total | 18,068 | |||
Accumulated Depreciation | $ (2,791) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Elmhurst Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,575 | |||
Building and Improvements | 7,306 | |||
Costs capitalized subsequent to acquisition | 1,314 | |||
Carrying amount of land | 2,576 | |||
Carrying amount of buildings and improvements | 8,619 | |||
Carrying amount of land and buildings and improvements, Total | 11,195 | |||
Accumulated Depreciation | $ (3,597) | |||
Date of Construction/ Acquisition | 1997, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Executive Drive [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,371 | |||
Building and Improvements | 6,430 | |||
Costs capitalized subsequent to acquisition | 684 | |||
Carrying amount of land | 1,371 | |||
Carrying amount of buildings and improvements | 7,114 | |||
Carrying amount of land and buildings and improvements, Total | 8,485 | |||
Accumulated Depreciation | $ (1,182) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Franklin Park Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 22,998 | |||
Building and Improvements | 49,906 | |||
Costs capitalized subsequent to acquisition | 23 | |||
Carrying amount of land | 22,998 | |||
Carrying amount of buildings and improvements | 49,929 | |||
Carrying amount of land and buildings and improvements, Total | 72,927 | |||
Accumulated Depreciation | $ (975) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Glendale Heights Distribution Center | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 8,381 | |||
Building and Improvements | 39,047 | |||
Costs capitalized subsequent to acquisition | 5,055 | |||
Carrying amount of land | 8,381 | |||
Carrying amount of buildings and improvements | 44,102 | |||
Carrying amount of land and buildings and improvements, Total | 52,483 | |||
Accumulated Depreciation | $ (15,761) | |||
Date of Construction/ Acquisition | 1999, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Grand Rapids Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 839 | |||
Building and Improvements | 1,516 | |||
Costs capitalized subsequent to acquisition | 7 | |||
Carrying amount of land | 839 | |||
Carrying amount of buildings and improvements | 1,523 | |||
Carrying amount of land and buildings and improvements, Total | 2,362 | |||
Accumulated Depreciation | $ (30) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Gurnee Dist Ctr [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 4,650 | |||
Building and Improvements | 14,958 | |||
Costs capitalized subsequent to acquisition | 338 | |||
Carrying amount of land | 4,650 | |||
Carrying amount of buildings and improvements | 15,296 | |||
Carrying amount of land and buildings and improvements, Total | 19,946 | |||
Accumulated Depreciation | $ (694) | |||
Date of Construction/ Acquisition | 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hintz Building [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 354 | |||
Building and Improvements | 1,970 | |||
Costs capitalized subsequent to acquisition | 127 | |||
Carrying amount of land | 354 | |||
Carrying amount of buildings and improvements | 2,097 | |||
Carrying amount of land and buildings and improvements, Total | 2,451 | |||
Accumulated Depreciation | $ (381) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | I-294 Dist Ctr [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 7,922 | |||
Building and Improvements | 32,743 | |||
Costs capitalized subsequent to acquisition | 223 | |||
Carrying amount of land | 7,922 | |||
Carrying amount of buildings and improvements | 32,966 | |||
Carrying amount of land and buildings and improvements, Total | 40,888 | |||
Accumulated Depreciation | $ (3,158) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | I-55 Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 5,383 | |||
Building and Improvements | 25,504 | |||
Costs capitalized subsequent to acquisition | 35,697 | |||
Carrying amount of land | 11,786 | |||
Carrying amount of buildings and improvements | 54,798 | |||
Carrying amount of land and buildings and improvements, Total | 66,584 | |||
Accumulated Depreciation | $ (16,669) | |||
Date of Construction/ Acquisition | 2,007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Itasca Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,522 | |||
Building and Improvements | 7,119 | |||
Costs capitalized subsequent to acquisition | 1,915 | |||
Carrying amount of land | 1,522 | |||
Carrying amount of buildings and improvements | 9,034 | |||
Carrying amount of land and buildings and improvements, Total | 10,556 | |||
Accumulated Depreciation | $ (2,456) | |||
Date of Construction/ Acquisition | 1996, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Itasca Industrial Portfolio [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,713 | |||
Building and Improvements | 3,812 | |||
Costs capitalized subsequent to acquisition | 246 | |||
Carrying amount of land | 1,713 | |||
Carrying amount of buildings and improvements | 4,058 | |||
Carrying amount of land and buildings and improvements, Total | 5,771 | |||
Accumulated Depreciation | $ (781) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kehoe Industrial [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,975 | |||
Building and Improvements | 7,876 | |||
Costs capitalized subsequent to acquisition | 450 | |||
Carrying amount of land | 2,975 | |||
Carrying amount of buildings and improvements | 8,326 | |||
Carrying amount of land and buildings and improvements, Total | 11,301 | |||
Accumulated Depreciation | $ (710) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kennicott Park Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 811 | |||
Building and Improvements | 2,996 | |||
Costs capitalized subsequent to acquisition | 7 | |||
Carrying amount of land | 811 | |||
Carrying amount of buildings and improvements | 3,003 | |||
Carrying amount of land and buildings and improvements, Total | 3,814 | |||
Accumulated Depreciation | $ (85) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kenosha Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 14,484 | |||
Building and Improvements | 117,728 | |||
Costs capitalized subsequent to acquisition | 23 | |||
Carrying amount of land | 14,484 | |||
Carrying amount of buildings and improvements | 117,751 | |||
Carrying amount of land and buildings and improvements, Total | 132,235 | |||
Accumulated Depreciation | $ (1,952) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Lake Zurich Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,913 | |||
Building and Improvements | 8,107 | |||
Carrying amount of land | 1,913 | |||
Carrying amount of buildings and improvements | 8,107 | |||
Carrying amount of land and buildings and improvements, Total | 10,020 | |||
Accumulated Depreciation | $ (156) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | McCook Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,968 | |||
Building and Improvements | 6,784 | |||
Costs capitalized subsequent to acquisition | 237 | |||
Carrying amount of land | 1,968 | |||
Carrying amount of buildings and improvements | 7,021 | |||
Carrying amount of land and buildings and improvements, Total | 8,989 | |||
Accumulated Depreciation | $ (122) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Melrose Park Distribution Ctr [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 12,201 | |||
Building and Improvements | 37,144 | |||
Costs capitalized subsequent to acquisition | 543 | |||
Carrying amount of land | 12,201 | |||
Carrying amount of buildings and improvements | 37,687 | |||
Carrying amount of land and buildings and improvements, Total | 49,888 | |||
Accumulated Depreciation | $ (2,586) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Minooka Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 18,420 | |||
Building and Improvements | 67,250 | |||
Costs capitalized subsequent to acquisition | 18,225 | |||
Carrying amount of land | 19,404 | |||
Carrying amount of buildings and improvements | 84,491 | |||
Carrying amount of land and buildings and improvements, Total | 103,895 | |||
Accumulated Depreciation | $ (20,027) | |||
Date of Construction/ Acquisition | 2005, 2008, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mitchell Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,236 | |||
Building and Improvements | 7,004 | |||
Costs capitalized subsequent to acquisition | 3,842 | |||
Carrying amount of land | 1,236 | |||
Carrying amount of buildings and improvements | 10,846 | |||
Carrying amount of land and buildings and improvements, Total | 12,082 | |||
Accumulated Depreciation | $ (7,438) | |||
Date of Construction/ Acquisition | 1,996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mount Pleasant Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,876 | |||
Building and Improvements | 8,171 | |||
Costs capitalized subsequent to acquisition | 20 | |||
Carrying amount of land | 2,876 | |||
Carrying amount of buildings and improvements | 8,191 | |||
Carrying amount of land and buildings and improvements, Total | 11,067 | |||
Accumulated Depreciation | $ (152) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | NDP - Chicago [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 461 | |||
Building and Improvements | 1,362 | |||
Costs capitalized subsequent to acquisition | 40 | |||
Carrying amount of land | 461 | |||
Carrying amount of buildings and improvements | 1,402 | |||
Carrying amount of land and buildings and improvements, Total | 1,863 | |||
Accumulated Depreciation | $ (239) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Nicholas Logistics Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,354 | |||
Building and Improvements | 10,799 | |||
Costs capitalized subsequent to acquisition | 52 | |||
Carrying amount of land | 2,354 | |||
Carrying amount of buildings and improvements | 10,851 | |||
Carrying amount of land and buildings and improvements, Total | 13,205 | |||
Accumulated Depreciation | $ (2,238) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northbrook Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,056 | |||
Building and Improvements | 8,227 | |||
Costs capitalized subsequent to acquisition | 3,891 | |||
Carrying amount of land | 2,056 | |||
Carrying amount of buildings and improvements | 12,118 | |||
Carrying amount of land and buildings and improvements, Total | 14,174 | |||
Accumulated Depreciation | $ (2,787) | |||
Date of Construction/ Acquisition | 2,007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northlake Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 5,387 | |||
Building and Improvements | 15,674 | |||
Costs capitalized subsequent to acquisition | 816 | |||
Carrying amount of land | 5,387 | |||
Carrying amount of buildings and improvements | 16,490 | |||
Carrying amount of land and buildings and improvements, Total | 21,877 | |||
Accumulated Depreciation | $ (2,391) | |||
Date of Construction/ Acquisition | 1996, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | OHare Industrial Portfolio [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 3,455 | |||
Building and Improvements | 8,724 | |||
Costs capitalized subsequent to acquisition | 211 | |||
Carrying amount of land | 3,455 | |||
Carrying amount of buildings and improvements | 8,935 | |||
Carrying amount of land and buildings and improvements, Total | 12,390 | |||
Accumulated Depreciation | $ (1,963) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Palatine Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 497 | |||
Building and Improvements | 2,723 | |||
Costs capitalized subsequent to acquisition | 9 | |||
Carrying amount of land | 497 | |||
Carrying amount of buildings and improvements | 2,732 | |||
Carrying amount of land and buildings and improvements, Total | 3,229 | |||
Accumulated Depreciation | $ (80) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pleasant Prairie Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,293 | |||
Building and Improvements | 16,321 | |||
Costs capitalized subsequent to acquisition | 2,352 | |||
Carrying amount of land | 3,293 | |||
Carrying amount of buildings and improvements | 18,673 | |||
Carrying amount of land and buildings and improvements, Total | 21,966 | |||
Accumulated Depreciation | $ (6,044) | |||
Date of Construction/ Acquisition | 1999, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Remington Lakes Distribution [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,382 | |||
Building and Improvements | 11,657 | |||
Costs capitalized subsequent to acquisition | 654 | |||
Carrying amount of land | 2,382 | |||
Carrying amount of buildings and improvements | 12,311 | |||
Carrying amount of land and buildings and improvements, Total | 14,693 | |||
Accumulated Depreciation | $ (1,792) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Romeoville Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 31,257 | |||
Building and Improvements | 121,385 | |||
Costs capitalized subsequent to acquisition | 11,020 | |||
Carrying amount of land | 31,257 | |||
Carrying amount of buildings and improvements | 132,405 | |||
Carrying amount of land and buildings and improvements, Total | 163,662 | |||
Accumulated Depreciation | $ (35,961) | |||
Date of Construction/ Acquisition | 1999, 2005, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | S.C. Johnson & Son [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,267 | |||
Building and Improvements | 15,911 | |||
Costs capitalized subsequent to acquisition | 1,552 | |||
Carrying amount of land | 3,152 | |||
Carrying amount of buildings and improvements | 16,578 | |||
Carrying amount of land and buildings and improvements, Total | 19,730 | |||
Accumulated Depreciation | $ (3,714) | |||
Date of Construction/ Acquisition | 2,008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Shiller Park Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 17 | |||
Land | $ 17,339 | |||
Building and Improvements | 33,001 | |||
Costs capitalized subsequent to acquisition | 485 | |||
Carrying amount of land | 17,339 | |||
Carrying amount of buildings and improvements | 33,486 | |||
Carrying amount of land and buildings and improvements, Total | 50,825 | |||
Accumulated Depreciation | $ (859) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Touhy Cargo Terminal [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,697 | |||
Building and Improvements | 8,909 | |||
Carrying amount of land | 2,697 | |||
Carrying amount of buildings and improvements | 8,909 | |||
Carrying amount of land and buildings and improvements, Total | 11,606 | |||
Accumulated Depreciation | $ (1,240) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tower Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,050 | |||
Building and Improvements | 1,279 | |||
Costs capitalized subsequent to acquisition | 1 | |||
Carrying amount of land | 2,050 | |||
Carrying amount of buildings and improvements | 1,280 | |||
Carrying amount of land and buildings and improvements, Total | 3,330 | |||
Accumulated Depreciation | $ (16) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Waukegan Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 4,368 | |||
Building and Improvements | 17,632 | |||
Costs capitalized subsequent to acquisition | 1,095 | |||
Carrying amount of land | 4,368 | |||
Carrying amount of buildings and improvements | 18,727 | |||
Carrying amount of land and buildings and improvements, Total | 23,095 | |||
Accumulated Depreciation | $ (5,931) | |||
Date of Construction/ Acquisition | 2,007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | West Chicago Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,125 | |||
Building and Improvements | 12,764 | |||
Costs capitalized subsequent to acquisition | 4,052 | |||
Carrying amount of land | 3,125 | |||
Carrying amount of buildings and improvements | 16,816 | |||
Carrying amount of land and buildings and improvements, Total | 19,941 | |||
Accumulated Depreciation | $ (5,491) | |||
Date of Construction/ Acquisition | 2005, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Willowbrook Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 855 | |||
Building and Improvements | 3,134 | |||
Costs capitalized subsequent to acquisition | 2 | |||
Carrying amount of land | 855 | |||
Carrying amount of buildings and improvements | 3,136 | |||
Carrying amount of land and buildings and improvements, Total | 3,991 | |||
Accumulated Depreciation | $ (154) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Windsor Court [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 635 | |||
Building and Improvements | 3,493 | |||
Costs capitalized subsequent to acquisition | 214 | |||
Carrying amount of land | 635 | |||
Carrying amount of buildings and improvements | 3,707 | |||
Carrying amount of land and buildings and improvements, Total | 4,342 | |||
Accumulated Depreciation | $ (721) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Wood Dale Industrial SG [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 4,343 | |||
Building and Improvements | 10,174 | |||
Costs capitalized subsequent to acquisition | 923 | |||
Carrying amount of land | 4,343 | |||
Carrying amount of buildings and improvements | 11,097 | |||
Carrying amount of land and buildings and improvements, Total | 15,440 | |||
Accumulated Depreciation | $ (2,054) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Woodale Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 263 | |||
Building and Improvements | 1,490 | |||
Costs capitalized subsequent to acquisition | 574 | |||
Carrying amount of land | 263 | |||
Carrying amount of buildings and improvements | 2,064 | |||
Carrying amount of land and buildings and improvements, Total | 2,327 | |||
Accumulated Depreciation | $ (1,385) | |||
Date of Construction/ Acquisition | 1,997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Woodridge Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 15 | |||
Land | $ 49,943 | |||
Building and Improvements | 215,504 | |||
Costs capitalized subsequent to acquisition | 23,807 | |||
Carrying amount of land | 53,310 | |||
Carrying amount of buildings and improvements | 235,944 | |||
Carrying amount of land and buildings and improvements, Total | 289,254 | |||
Accumulated Depreciation | $ (74,110) | |||
Date of Construction/ Acquisition | 2005, 2007, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Yohan Industrial [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 4,219 | |||
Building and Improvements | 12,306 | |||
Costs capitalized subsequent to acquisition | 1,291 | |||
Carrying amount of land | 4,219 | |||
Carrying amount of buildings and improvements | 13,597 | |||
Carrying amount of land and buildings and improvements, Total | 17,816 | |||
Accumulated Depreciation | $ (2,344) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Airpark Distribution Center [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 5,851 | |||
Building and Improvements | 21,846 | |||
Costs capitalized subsequent to acquisition | 14,658 | |||
Carrying amount of land | 6,831 | |||
Carrying amount of buildings and improvements | 35,524 | |||
Carrying amount of land and buildings and improvements, Total | 42,355 | |||
Accumulated Depreciation | $ (9,082) | |||
Date of Construction/ Acquisition | 1996, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | DAY Cargo Center [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Building and Improvements | $ 4,749 | |||
Costs capitalized subsequent to acquisition | 601 | |||
Carrying amount of buildings and improvements | 5,350 | |||
Carrying amount of land and buildings and improvements, Total | 5,350 | |||
Accumulated Depreciation | $ (1,931) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Fairfield Commercial Center [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,526 | |||
Building and Improvements | 10,110 | |||
Costs capitalized subsequent to acquisition | 62 | |||
Carrying amount of land | 2,526 | |||
Carrying amount of buildings and improvements | 10,172 | |||
Carrying amount of land and buildings and improvements, Total | 12,698 | |||
Accumulated Depreciation | $ (473) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Monroe Park [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 7,222 | |||
Building and Improvements | 29,606 | |||
Costs capitalized subsequent to acquisition | 478 | |||
Carrying amount of land | 7,222 | |||
Carrying amount of buildings and improvements | 30,084 | |||
Carrying amount of land and buildings and improvements, Total | 37,306 | |||
Accumulated Depreciation | $ (1,366) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mosteller Distribution Center [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 921 | |||
Building and Improvements | 3,888 | |||
Costs capitalized subsequent to acquisition | 94 | |||
Carrying amount of land | 921 | |||
Carrying amount of buildings and improvements | 3,982 | |||
Carrying amount of land and buildings and improvements, Total | 4,903 | |||
Accumulated Depreciation | $ (203) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Park I-275 [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 15,939 | |||
Building and Improvements | 61,886 | |||
Costs capitalized subsequent to acquisition | 3,531 | |||
Carrying amount of land | 15,939 | |||
Carrying amount of buildings and improvements | 65,417 | |||
Carrying amount of land and buildings and improvements, Total | 81,356 | |||
Accumulated Depreciation | $ (6,724) | |||
Date of Construction/ Acquisition | 2008, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sharonville Distribution Center [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,202 | |||
Costs capitalized subsequent to acquisition | 15,122 | |||
Carrying amount of land | 2,424 | |||
Carrying amount of buildings and improvements | 13,900 | |||
Carrying amount of land and buildings and improvements, Total | 16,324 | |||
Accumulated Depreciation | $ (6,931) | |||
Date of Construction/ Acquisition | 1,997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | West Chester Commercial Park I [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 9,466 | |||
Building and Improvements | 38,048 | |||
Costs capitalized subsequent to acquisition | 2,890 | |||
Carrying amount of land | 9,466 | |||
Carrying amount of buildings and improvements | 40,938 | |||
Carrying amount of land and buildings and improvements, Total | 50,404 | |||
Accumulated Depreciation | $ (2,710) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Alum Creek Distribution Center [Member] | Columbus, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 4,862 | |||
Building and Improvements | 37,823 | |||
Costs capitalized subsequent to acquisition | 639 | |||
Carrying amount of land | 4,862 | |||
Carrying amount of buildings and improvements | 38,462 | |||
Carrying amount of land and buildings and improvements, Total | 43,324 | |||
Accumulated Depreciation | $ (1,644) | |||
Date of Construction/ Acquisition | 2012, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Brookham Distribution Center [Member] | Columbus, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 5,964 | |||
Building and Improvements | 23,858 | |||
Costs capitalized subsequent to acquisition | 5,093 | |||
Carrying amount of land | 5,965 | |||
Carrying amount of buildings and improvements | 28,950 | |||
Carrying amount of land and buildings and improvements, Total | 34,915 | |||
Accumulated Depreciation | $ (11,343) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Canal Pointe Distribution Center [Member] | Columbus, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,237 | |||
Building and Improvements | 7,013 | |||
Costs capitalized subsequent to acquisition | 2,199 | |||
Carrying amount of land | 1,280 | |||
Carrying amount of buildings and improvements | 9,169 | |||
Carrying amount of land and buildings and improvements, Total | 10,449 | |||
Accumulated Depreciation | $ (4,968) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Capital Park South Distribution Center [Member] | Columbus, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 10,077 | |||
Building and Improvements | 39,631 | |||
Costs capitalized subsequent to acquisition | 30,610 | |||
Carrying amount of land | 10,470 | |||
Carrying amount of buildings and improvements | 69,848 | |||
Carrying amount of land and buildings and improvements, Total | 80,318 | |||
Accumulated Depreciation | $ (21,246) | |||
Date of Construction/ Acquisition | 1996, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Columbus West Industrial Center [Member] | Columbus, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 427 | |||
Building and Improvements | 2,407 | |||
Costs capitalized subsequent to acquisition | 43 | |||
Carrying amount of land | 427 | |||
Carrying amount of buildings and improvements | 2,450 | |||
Carrying amount of land and buildings and improvements, Total | 2,877 | |||
Accumulated Depreciation | $ (164) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Corporate Park West [Member] | Columbus, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 633 | |||
Building and Improvements | 3,583 | |||
Costs capitalized subsequent to acquisition | 85 | |||
Carrying amount of land | 633 | |||
Carrying amount of buildings and improvements | 3,668 | |||
Carrying amount of land and buildings and improvements, Total | 4,301 | |||
Accumulated Depreciation | $ (175) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Crosswinds Distribution Center [Member] | Columbus, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,058 | |||
Building and Improvements | 17,758 | |||
Costs capitalized subsequent to acquisition | 324 | |||
Carrying amount of land | 3,058 | |||
Carrying amount of buildings and improvements | 18,082 | |||
Carrying amount of land and buildings and improvements, Total | 21,140 | |||
Accumulated Depreciation | $ (888) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Etna Distribution Center [Member] | Columbus, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 5,840 | |||
Building and Improvements | 33,734 | |||
Costs capitalized subsequent to acquisition | 606 | |||
Carrying amount of land | 5,840 | |||
Carrying amount of buildings and improvements | 34,340 | |||
Carrying amount of land and buildings and improvements, Total | 40,180 | |||
Accumulated Depreciation | $ (1,585) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | International Street Commercial Center [Member] | Columbus, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,503 | |||
Building and Improvements | 6,356 | |||
Costs capitalized subsequent to acquisition | 430 | |||
Carrying amount of land | 1,503 | |||
Carrying amount of buildings and improvements | 6,786 | |||
Carrying amount of land and buildings and improvements, Total | 8,289 | |||
Accumulated Depreciation | $ (1,020) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Park Distribution Center [Member] | Columbus, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,343 | |||
Building and Improvements | 15,182 | |||
Costs capitalized subsequent to acquisition | 3,464 | |||
Carrying amount of land | 3,343 | |||
Carrying amount of buildings and improvements | 18,646 | |||
Carrying amount of land and buildings and improvements, Total | 21,989 | |||
Accumulated Depreciation | $ (8,622) | |||
Date of Construction/ Acquisition | 1999, 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Park Distribution Center [Member] | Nashville, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 4 | |||
Land | $ 11,834 | |||
Building and Improvements | 47,336 | |||
Costs capitalized subsequent to acquisition | 1,168 | |||
Carrying amount of land | 11,834 | |||
Carrying amount of buildings and improvements | 48,504 | |||
Carrying amount of land and buildings and improvements, Total | 60,338 | |||
Accumulated Depreciation | $ (3,300) | |||
Date of Construction/ Acquisition | 2,013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Westpointe Distribution Center [Member] | Columbus, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,446 | |||
Building and Improvements | 7,601 | |||
Costs capitalized subsequent to acquisition | 1,553 | |||
Carrying amount of land | 1,446 | |||
Carrying amount of buildings and improvements | 9,154 | |||
Carrying amount of land and buildings and improvements, Total | 10,600 | |||
Accumulated Depreciation | $ (3,881) | |||
Date of Construction/ Acquisition | 2,007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Arlington Corp Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 9,380 | |||
Building and Improvements | 41,744 | |||
Costs capitalized subsequent to acquisition | 211 | |||
Carrying amount of land | 9,380 | |||
Carrying amount of buildings and improvements | 41,955 | |||
Carrying amount of land and buildings and improvements, Total | 51,335 | |||
Accumulated Depreciation | $ (3,062) | |||
Date of Construction/ Acquisition | 2012, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dallas Corporate Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 11 | |||
Land | $ 6,449 | |||
Building and Improvements | 5,441 | |||
Costs capitalized subsequent to acquisition | 35,098 | |||
Carrying amount of land | 6,645 | |||
Carrying amount of buildings and improvements | 40,343 | |||
Carrying amount of land and buildings and improvements, Total | 46,988 | |||
Accumulated Depreciation | $ (19,755) | |||
Date of Construction/ Acquisition | 1996, 1997, 1998, 1999, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dallas Industrial [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 12 | |||
Land | $ 7,180 | |||
Building and Improvements | 26,514 | |||
Costs capitalized subsequent to acquisition | 3,287 | |||
Carrying amount of land | 7,180 | |||
Carrying amount of buildings and improvements | 29,801 | |||
Carrying amount of land and buildings and improvements, Total | 36,981 | |||
Accumulated Depreciation | $ (5,717) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | DFW Cargo Center 1 [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Building and Improvements | $ 35,117 | |||
Costs capitalized subsequent to acquisition | 1,106 | |||
Carrying amount of buildings and improvements | 36,223 | |||
Carrying amount of land and buildings and improvements, Total | 36,223 | |||
Accumulated Depreciation | $ (6,608) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | DFW Cargo Center 2 [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Building and Improvements | $ 27,916 | |||
Costs capitalized subsequent to acquisition | 200 | |||
Carrying amount of buildings and improvements | 28,116 | |||
Carrying amount of land and buildings and improvements, Total | 28,116 | |||
Accumulated Depreciation | $ (4,938) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | DFW Cargo Center East [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Building and Improvements | $ 19,730 | |||
Costs capitalized subsequent to acquisition | 333 | |||
Carrying amount of buildings and improvements | 20,063 | |||
Carrying amount of land and buildings and improvements, Total | 20,063 | |||
Accumulated Depreciation | $ (5,751) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | DFW Logistics Center 6 [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,010 | |||
Building and Improvements | 8,153 | |||
Costs capitalized subsequent to acquisition | 80 | |||
Carrying amount of land | 2,010 | |||
Carrying amount of buildings and improvements | 8,233 | |||
Carrying amount of land and buildings and improvements, Total | 10,243 | |||
Accumulated Depreciation | $ (157) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Flower Mound Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,157 | |||
Building and Improvements | 20,991 | |||
Costs capitalized subsequent to acquisition | 2,502 | |||
Carrying amount of land | 5,157 | |||
Carrying amount of buildings and improvements | 23,493 | |||
Carrying amount of land and buildings and improvements, Total | 28,650 | |||
Accumulated Depreciation | $ (7,223) | |||
Date of Construction/ Acquisition | 2,007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Frankford Trade Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 6,882 | |||
Building and Improvements | 27,530 | |||
Carrying amount of land | 6,882 | |||
Carrying amount of buildings and improvements | 27,530 | |||
Carrying amount of land and buildings and improvements, Total | 34,412 | |||
Accumulated Depreciation | $ (210) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Freeport Corporate Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 15,965 | |||
Building and Improvements | 63,935 | |||
Costs capitalized subsequent to acquisition | 7,948 | |||
Carrying amount of land | 15,872 | |||
Carrying amount of buildings and improvements | 71,976 | |||
Carrying amount of land and buildings and improvements, Total | 87,848 | |||
Accumulated Depreciation | $ (6,992) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Freeport Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 1,393 | |||
Building and Improvements | 5,549 | |||
Costs capitalized subsequent to acquisition | 6,065 | |||
Carrying amount of land | 1,440 | |||
Carrying amount of buildings and improvements | 11,567 | |||
Carrying amount of land and buildings and improvements, Total | 13,007 | |||
Accumulated Depreciation | $ (6,824) | |||
Date of Construction/ Acquisition | 1996, 1997, 1998 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Great Southwest Corporate Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 4,476 | |||
Building and Improvements | 18,358 | |||
Costs capitalized subsequent to acquisition | 418 | |||
Carrying amount of land | 4,476 | |||
Carrying amount of buildings and improvements | 18,776 | |||
Carrying amount of land and buildings and improvements, Total | 23,252 | |||
Accumulated Depreciation | $ (875) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Great Southwest Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 26 | |||
Land | $ 46,214 | |||
Building and Improvements | 201,866 | |||
Costs capitalized subsequent to acquisition | 27,360 | |||
Carrying amount of land | 46,214 | |||
Carrying amount of buildings and improvements | 229,226 | |||
Carrying amount of land and buildings and improvements, Total | 275,440 | |||
Accumulated Depreciation | $ (67,049) | |||
Date of Construction/ Acquisition | 1995, 1996, 1997, 1999, 2000, 2001, 2002, 2005, 2012, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Greater Dallas Industrial Port [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 3,525 | |||
Building and Improvements | 16,375 | |||
Costs capitalized subsequent to acquisition | 1,496 | |||
Carrying amount of land | 3,525 | |||
Carrying amount of buildings and improvements | 17,871 | |||
Carrying amount of land and buildings and improvements, Total | 21,396 | |||
Accumulated Depreciation | $ (3,289) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Heritage Business Park [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 15,423 | |||
Building and Improvements | 93,145 | |||
Costs capitalized subsequent to acquisition | 135 | |||
Carrying amount of land | 15,423 | |||
Carrying amount of buildings and improvements | 93,280 | |||
Carrying amount of land and buildings and improvements, Total | 108,703 | |||
Accumulated Depreciation | $ (1,911) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Lonestar Portfolio [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 4,736 | |||
Building and Improvements | 13,035 | |||
Costs capitalized subsequent to acquisition | 3,462 | |||
Carrying amount of land | 4,736 | |||
Carrying amount of buildings and improvements | 16,497 | |||
Carrying amount of land and buildings and improvements, Total | 21,233 | |||
Accumulated Depreciation | $ (3,345) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mesquite Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 8,355 | |||
Building and Improvements | 34,609 | |||
Costs capitalized subsequent to acquisition | 1,123 | |||
Carrying amount of land | 8,355 | |||
Carrying amount of buildings and improvements | 35,732 | |||
Carrying amount of land and buildings and improvements, Total | 44,087 | |||
Accumulated Depreciation | $ (3,086) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northgate Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 13,001 | |||
Building and Improvements | 62,062 | |||
Costs capitalized subsequent to acquisition | 7,498 | |||
Carrying amount of land | 13,488 | |||
Carrying amount of buildings and improvements | 69,073 | |||
Carrying amount of land and buildings and improvements, Total | 82,561 | |||
Accumulated Depreciation | $ (21,084) | |||
Date of Construction/ Acquisition | 1999, 2005, 2008, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Riverside Drive Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,107 | |||
Building and Improvements | 14,919 | |||
Costs capitalized subsequent to acquisition | 2 | |||
Carrying amount of land | 5,107 | |||
Carrying amount of buildings and improvements | 14,921 | |||
Carrying amount of land and buildings and improvements, Total | 20,028 | |||
Accumulated Depreciation | $ (392) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Royal Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 811 | |||
Building and Improvements | 4,598 | |||
Costs capitalized subsequent to acquisition | 2,747 | |||
Carrying amount of land | 811 | |||
Carrying amount of buildings and improvements | 7,345 | |||
Carrying amount of land and buildings and improvements, Total | 8,156 | |||
Accumulated Depreciation | $ (3,118) | |||
Date of Construction/ Acquisition | 2,001 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Stemmons Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 272 | |||
Building and Improvements | 1,544 | |||
Costs capitalized subsequent to acquisition | 1,015 | |||
Carrying amount of land | 272 | |||
Carrying amount of buildings and improvements | 2,559 | |||
Carrying amount of land and buildings and improvements, Total | 2,831 | |||
Accumulated Depreciation | $ (1,780) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Stemmons Industrial Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 1,653 | |||
Building and Improvements | 10,526 | |||
Costs capitalized subsequent to acquisition | 6,548 | |||
Carrying amount of land | 1,653 | |||
Carrying amount of buildings and improvements | 17,074 | |||
Carrying amount of land and buildings and improvements, Total | 18,727 | |||
Accumulated Depreciation | $ (11,858) | |||
Date of Construction/ Acquisition | 1994, 1995, 1996, 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Trinity Mills Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 735 | |||
Building and Improvements | 3,774 | |||
Costs capitalized subsequent to acquisition | 1,076 | |||
Carrying amount of land | 735 | |||
Carrying amount of buildings and improvements | 4,850 | |||
Carrying amount of land and buildings and improvements, Total | 5,585 | |||
Accumulated Depreciation | $ (2,716) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Valwood Business Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 4,679 | |||
Building and Improvements | 19,195 | |||
Costs capitalized subsequent to acquisition | 1,352 | |||
Carrying amount of land | 4,679 | |||
Carrying amount of buildings and improvements | 20,547 | |||
Carrying amount of land and buildings and improvements, Total | 25,226 | |||
Accumulated Depreciation | $ (5,253) | |||
Date of Construction/ Acquisition | 2001, 2006, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Valwood Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 4,742 | |||
Building and Improvements | 20,629 | |||
Costs capitalized subsequent to acquisition | 1,676 | |||
Carrying amount of land | 4,742 | |||
Carrying amount of buildings and improvements | 22,305 | |||
Carrying amount of land and buildings and improvements, Total | 27,047 | |||
Accumulated Depreciation | $ (4,084) | |||
Date of Construction/ Acquisition | 1999, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Valwood Industrial [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,802 | |||
Building and Improvements | 9,658 | |||
Costs capitalized subsequent to acquisition | 664 | |||
Carrying amount of land | 1,802 | |||
Carrying amount of buildings and improvements | 10,322 | |||
Carrying amount of land and buildings and improvements, Total | 12,124 | |||
Accumulated Depreciation | $ (2,114) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Watersridge Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,939 | |||
Building and Improvements | 11,365 | |||
Costs capitalized subsequent to acquisition | 11 | |||
Carrying amount of land | 1,939 | |||
Carrying amount of buildings and improvements | 11,376 | |||
Carrying amount of land and buildings and improvements, Total | 13,315 | |||
Accumulated Depreciation | $ (237) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Denver Business Center [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 3,142 | |||
Building and Improvements | 13,396 | |||
Costs capitalized subsequent to acquisition | 828 | |||
Carrying amount of land | 3,142 | |||
Carrying amount of buildings and improvements | 14,224 | |||
Carrying amount of land and buildings and improvements, Total | 17,366 | |||
Accumulated Depreciation | $ (1,906) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Havana Distribution Center [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,421 | |||
Building and Improvements | 5,657 | |||
Costs capitalized subsequent to acquisition | 175 | |||
Carrying amount of land | 1,421 | |||
Carrying amount of buildings and improvements | 5,832 | |||
Carrying amount of land and buildings and improvements, Total | 7,253 | |||
Accumulated Depreciation | $ (371) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pagosa Distribution Center [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 398 | |||
Building and Improvements | 2,322 | |||
Costs capitalized subsequent to acquisition | 1,932 | |||
Carrying amount of land | 398 | |||
Carrying amount of buildings and improvements | 4,254 | |||
Carrying amount of land and buildings and improvements, Total | 4,652 | |||
Accumulated Depreciation | $ (3,038) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Peoria Distribution Center [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 4,129 | |||
Building and Improvements | 16,593 | |||
Costs capitalized subsequent to acquisition | 159 | |||
Carrying amount of land | 4,129 | |||
Carrying amount of buildings and improvements | 16,752 | |||
Carrying amount of land and buildings and improvements, Total | 20,881 | |||
Accumulated Depreciation | $ (755) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Stapleton Bus Center North [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 8,930 | |||
Costs capitalized subsequent to acquisition | 33,424 | |||
Carrying amount of land | 7,963 | |||
Carrying amount of buildings and improvements | 34,391 | |||
Carrying amount of land and buildings and improvements, Total | 42,354 | |||
Accumulated Depreciation | $ (581) | |||
Date of Construction/ Acquisition | 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Stapleton Business Center [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 12 | |||
Land | $ 34,634 | |||
Building and Improvements | 139,257 | |||
Costs capitalized subsequent to acquisition | 10,237 | |||
Carrying amount of land | 34,635 | |||
Carrying amount of buildings and improvements | 149,493 | |||
Carrying amount of land and buildings and improvements, Total | 184,128 | |||
Accumulated Depreciation | $ (52,901) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Upland Distribution Center [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 4,064 | |||
Building and Improvements | 19,035 | |||
Costs capitalized subsequent to acquisition | 5,508 | |||
Carrying amount of land | 4,077 | |||
Carrying amount of buildings and improvements | 24,530 | |||
Carrying amount of land and buildings and improvements, Total | 28,607 | |||
Accumulated Depreciation | $ (6,316) | |||
Date of Construction/ Acquisition | 1994, 1995, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Upland Distribution Center II [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,396 | |||
Building and Improvements | 5,349 | |||
Costs capitalized subsequent to acquisition | 2,183 | |||
Carrying amount of land | 1,409 | |||
Carrying amount of buildings and improvements | 7,519 | |||
Carrying amount of land and buildings and improvements, Total | 8,928 | |||
Accumulated Depreciation | $ (3,110) | |||
Date of Construction/ Acquisition | 1993, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Avondale Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,231 | |||
Building and Improvements | 5,044 | |||
Costs capitalized subsequent to acquisition | 145 | |||
Carrying amount of land | 2,231 | |||
Carrying amount of buildings and improvements | 5,189 | |||
Carrying amount of land and buildings and improvements, Total | 7,420 | |||
Accumulated Depreciation | $ (103) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Blalock Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 5,032 | |||
Building and Improvements | 21,983 | |||
Costs capitalized subsequent to acquisition | 3,273 | |||
Carrying amount of land | 5,031 | |||
Carrying amount of buildings and improvements | 25,257 | |||
Carrying amount of land and buildings and improvements, Total | 30,288 | |||
Accumulated Depreciation | $ (5,647) | |||
Date of Construction/ Acquisition | 2002, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cole Creek Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,865 | |||
Building and Improvements | 22,534 | |||
Costs capitalized subsequent to acquisition | 150 | |||
Carrying amount of land | 3,865 | |||
Carrying amount of buildings and improvements | 22,684 | |||
Carrying amount of land and buildings and improvements, Total | 26,549 | |||
Accumulated Depreciation | $ (421) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | IAH Cargo Center 1 [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Building and Improvements | $ 13,267 | |||
Costs capitalized subsequent to acquisition | 492 | |||
Carrying amount of buildings and improvements | 13,759 | |||
Carrying amount of land and buildings and improvements, Total | 13,759 | |||
Accumulated Depreciation | $ (1,349) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Jersey Village Corporate Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 17,971 | |||
Building and Improvements | 73,062 | |||
Costs capitalized subsequent to acquisition | 553 | |||
Carrying amount of land | 17,830 | |||
Carrying amount of buildings and improvements | 73,756 | |||
Carrying amount of land and buildings and improvements, Total | 91,586 | |||
Accumulated Depreciation | $ (7,233) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kempwood Business Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 1,746 | |||
Building and Improvements | 9,894 | |||
Costs capitalized subsequent to acquisition | 3,626 | |||
Carrying amount of land | 1,746 | |||
Carrying amount of buildings and improvements | 13,520 | |||
Carrying amount of land and buildings and improvements, Total | 15,266 | |||
Accumulated Depreciation | $ (7,333) | |||
Date of Construction/ Acquisition | 2,001 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Perimeter Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 676 | |||
Building and Improvements | 4,604 | |||
Costs capitalized subsequent to acquisition | 1,132 | |||
Carrying amount of land | 745 | |||
Carrying amount of buildings and improvements | 5,667 | |||
Carrying amount of land and buildings and improvements, Total | 6,412 | |||
Accumulated Depreciation | $ (3,166) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pine Forest Business Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 11 | |||
Land | $ 6,042 | |||
Building and Improvements | 27,639 | |||
Costs capitalized subsequent to acquisition | 9,156 | |||
Carrying amount of land | 6,042 | |||
Carrying amount of buildings and improvements | 36,795 | |||
Carrying amount of land and buildings and improvements, Total | 42,837 | |||
Accumulated Depreciation | $ (16,967) | |||
Date of Construction/ Acquisition | 1993, 1995, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pine North Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 847 | |||
Building and Improvements | 4,800 | |||
Costs capitalized subsequent to acquisition | 1,297 | |||
Carrying amount of land | 847 | |||
Carrying amount of buildings and improvements | 6,097 | |||
Carrying amount of land and buildings and improvements, Total | 6,944 | |||
Accumulated Depreciation | $ (3,598) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pinemont Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 642 | |||
Building and Improvements | 3,636 | |||
Costs capitalized subsequent to acquisition | 1,073 | |||
Carrying amount of land | 642 | |||
Carrying amount of buildings and improvements | 4,709 | |||
Carrying amount of land and buildings and improvements, Total | 5,351 | |||
Accumulated Depreciation | $ (2,789) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Post Oak Business Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 11 | |||
Land | $ 2,334 | |||
Building and Improvements | 11,655 | |||
Costs capitalized subsequent to acquisition | 9,950 | |||
Carrying amount of land | 2,334 | |||
Carrying amount of buildings and improvements | 21,605 | |||
Carrying amount of land and buildings and improvements, Total | 23,939 | |||
Accumulated Depreciation | $ (15,310) | |||
Date of Construction/ Acquisition | 1993, 1994, 1996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Post Oak Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 1,522 | |||
Building and Improvements | 8,758 | |||
Costs capitalized subsequent to acquisition | 6,256 | |||
Carrying amount of land | 1,522 | |||
Carrying amount of buildings and improvements | 15,014 | |||
Carrying amount of land and buildings and improvements, Total | 16,536 | |||
Accumulated Depreciation | $ (11,318) | |||
Date of Construction/ Acquisition | 1993, 1994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Satsuma Station Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,088 | |||
Building and Improvements | 22,389 | |||
Costs capitalized subsequent to acquisition | 33 | |||
Carrying amount of land | 3,088 | |||
Carrying amount of buildings and improvements | 22,422 | |||
Carrying amount of land and buildings and improvements, Total | 25,510 | |||
Accumulated Depreciation | $ (389) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Loop Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 418 | |||
Building and Improvements | 1,943 | |||
Costs capitalized subsequent to acquisition | 2,258 | |||
Carrying amount of land | 418 | |||
Carrying amount of buildings and improvements | 4,201 | |||
Carrying amount of land and buildings and improvements, Total | 4,619 | |||
Accumulated Depreciation | $ (2,902) | |||
Date of Construction/ Acquisition | 1,994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sugarland Corporate Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,506 | |||
Building and Improvements | 14,067 | |||
Costs capitalized subsequent to acquisition | 107 | |||
Carrying amount of land | 3,506 | |||
Carrying amount of buildings and improvements | 14,174 | |||
Carrying amount of land and buildings and improvements, Total | 17,680 | |||
Accumulated Depreciation | $ (637) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | West by Northwest Industrial Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 11,316 | |||
Building and Improvements | 46,372 | |||
Costs capitalized subsequent to acquisition | 3,944 | |||
Carrying amount of land | 11,456 | |||
Carrying amount of buildings and improvements | 50,176 | |||
Carrying amount of land and buildings and improvements, Total | 61,632 | |||
Accumulated Depreciation | $ (7,242) | |||
Date of Construction/ Acquisition | 1993, 1994, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | White Street Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 469 | |||
Building and Improvements | 2,656 | |||
Costs capitalized subsequent to acquisition | 2,504 | |||
Carrying amount of land | 469 | |||
Carrying amount of buildings and improvements | 5,160 | |||
Carrying amount of land and buildings and improvements, Total | 5,629 | |||
Accumulated Depreciation | $ (3,550) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Wingfoot Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,976 | |||
Building and Improvements | 8,606 | |||
Costs capitalized subsequent to acquisition | 3,462 | |||
Carrying amount of land | 1,976 | |||
Carrying amount of buildings and improvements | 12,068 | |||
Carrying amount of land and buildings and improvements, Total | 14,044 | |||
Accumulated Depreciation | $ (1,726) | |||
Date of Construction/ Acquisition | 2012, 2013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | World Houston Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,529 | |||
Building and Improvements | 6,326 | |||
Costs capitalized subsequent to acquisition | 50 | |||
Carrying amount of land | 1,529 | |||
Carrying amount of buildings and improvements | 6,376 | |||
Carrying amount of land and buildings and improvements, Total | 7,905 | |||
Accumulated Depreciation | $ (718) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Airport Bus Center [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,667 | |||
Building and Improvements | 6,445 | |||
Costs capitalized subsequent to acquisition | 128 | |||
Carrying amount of land | 1,667 | |||
Carrying amount of buildings and improvements | 6,573 | |||
Carrying amount of land and buildings and improvements, Total | 8,240 | |||
Accumulated Depreciation | $ (306) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Airtech Park [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 7,305 | |||
Building and Improvements | 29,001 | |||
Costs capitalized subsequent to acquisition | 54 | |||
Carrying amount of land | 7,305 | |||
Carrying amount of buildings and improvements | 29,055 | |||
Carrying amount of land and buildings and improvements, Total | 36,360 | |||
Accumulated Depreciation | $ (1,345) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Ameriplex Industrial Center [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,080 | |||
Building and Improvements | 31,115 | |||
Costs capitalized subsequent to acquisition | 44 | |||
Carrying amount of land | 3,080 | |||
Carrying amount of buildings and improvements | 31,159 | |||
Carrying amount of land and buildings and improvements, Total | 34,239 | |||
Accumulated Depreciation | $ (467) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Eastside Distribution Center [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 228 | |||
Building and Improvements | 1,187 | |||
Costs capitalized subsequent to acquisition | 2,224 | |||
Carrying amount of land | 299 | |||
Carrying amount of buildings and improvements | 3,340 | |||
Carrying amount of land and buildings and improvements, Total | 3,639 | |||
Accumulated Depreciation | $ (1,985) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | North by Northeast Corporate Center [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,058 | |||
Costs capitalized subsequent to acquisition | 9,121 | |||
Carrying amount of land | 1,059 | |||
Carrying amount of buildings and improvements | 9,120 | |||
Carrying amount of land and buildings and improvements, Total | 10,179 | |||
Accumulated Depreciation | $ (5,312) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | North Plainfield Park Dist Center [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 8,562 | |||
Building and Improvements | 34,778 | |||
Costs capitalized subsequent to acquisition | 18 | |||
Carrying amount of land | 8,562 | |||
Carrying amount of buildings and improvements | 34,796 | |||
Carrying amount of land and buildings and improvements, Total | 43,358 | |||
Accumulated Depreciation | $ (1,597) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Park 100 Industrial Center [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 17 | |||
Land | $ 10,410 | |||
Building and Improvements | 43,048 | |||
Costs capitalized subsequent to acquisition | 22,526 | |||
Carrying amount of land | 10,410 | |||
Carrying amount of buildings and improvements | 65,574 | |||
Carrying amount of land and buildings and improvements, Total | 75,984 | |||
Accumulated Depreciation | $ (25,010) | |||
Date of Construction/ Acquisition | 1995, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Park 267 [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,705 | |||
Building and Improvements | 15,695 | |||
Costs capitalized subsequent to acquisition | 399 | |||
Carrying amount of land | 3,705 | |||
Carrying amount of buildings and improvements | 16,094 | |||
Carrying amount of land and buildings and improvements, Total | 19,799 | |||
Accumulated Depreciation | $ (703) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Shadeland Industrial Center [Member] | Indianapolis, Indiana [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 428 | |||
Building and Improvements | 2,431 | |||
Costs capitalized subsequent to acquisition | 3,480 | |||
Carrying amount of land | 429 | |||
Carrying amount of buildings and improvements | 5,910 | |||
Carrying amount of land and buildings and improvements, Total | 6,339 | |||
Accumulated Depreciation | $ (4,007) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | JAX Cargo Center [Member] | Jacksonville, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Building and Improvements | $ 2,892 | |||
Costs capitalized subsequent to acquisition | 177 | |||
Carrying amount of buildings and improvements | 3,069 | |||
Carrying amount of land and buildings and improvements, Total | 3,069 | |||
Accumulated Depreciation | $ (1,160) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Perimeter West Distribution Center [Member] | Jacksonville, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,127 | |||
Building and Improvements | 5,239 | |||
Costs capitalized subsequent to acquisition | 43 | |||
Carrying amount of land | 1,127 | |||
Carrying amount of buildings and improvements | 5,282 | |||
Carrying amount of land and buildings and improvements, Total | 6,409 | |||
Accumulated Depreciation | $ (126) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | MCI Cargo Center 1 [Member] | Kansas City Kansas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Building and Improvements | $ 2,781 | |||
Costs capitalized subsequent to acquisition | 68 | |||
Carrying amount of buildings and improvements | 2,849 | |||
Carrying amount of land and buildings and improvements, Total | 2,849 | |||
Accumulated Depreciation | $ (1,661) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | MCI Cargo Center 2 [Member] | Kansas City Kansas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Building and Improvements | $ 11,630 | |||
Carrying amount of buildings and improvements | 11,630 | |||
Carrying amount of land and buildings and improvements, Total | 11,630 | |||
Accumulated Depreciation | $ (3,270) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Arrowhead Commerce Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 15 | |||
Land | $ 30,075 | |||
Building and Improvements | 82,214 | |||
Costs capitalized subsequent to acquisition | 869 | |||
Carrying amount of land | 30,075 | |||
Carrying amount of buildings and improvements | 83,083 | |||
Carrying amount of land and buildings and improvements, Total | 113,158 | |||
Accumulated Depreciation | $ (1,709) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Black Mountain Distribution Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,108 | |||
Costs capitalized subsequent to acquisition | 8,038 | |||
Carrying amount of land | 1,206 | |||
Carrying amount of buildings and improvements | 7,940 | |||
Carrying amount of land and buildings and improvements, Total | 9,146 | |||
Accumulated Depreciation | $ (4,218) | |||
Date of Construction/ Acquisition | 1,997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cameron Business Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 3,597 | |||
Building and Improvements | 12,881 | |||
Costs capitalized subsequent to acquisition | 2,298 | |||
Carrying amount of land | 3,597 | |||
Carrying amount of buildings and improvements | 15,179 | |||
Carrying amount of land and buildings and improvements, Total | 18,776 | |||
Accumulated Depreciation | $ (5,862) | |||
Date of Construction/ Acquisition | 1999, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Las Vegas Corporate Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 6 | |||
Land | $ 23,118 | |||
Building and Improvements | 51,157 | |||
Costs capitalized subsequent to acquisition | 1,280 | |||
Carrying amount of land | 13,653 | |||
Carrying amount of buildings and improvements | 61,902 | |||
Carrying amount of land and buildings and improvements, Total | 75,555 | |||
Accumulated Depreciation | $ (1,763) | |||
Date of Construction/ Acquisition | 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Montessouri Distribution Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 1,039 | |||
Building and Improvements | 2,967 | |||
Carrying amount of land | 1,039 | |||
Carrying amount of buildings and improvements | 2,967 | |||
Carrying amount of land and buildings and improvements, Total | 4,006 | |||
Accumulated Depreciation | $ (71) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pama Distribution Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 2,223 | |||
Building and Improvements | 5,695 | |||
Costs capitalized subsequent to acquisition | 26 | |||
Carrying amount of land | 2,223 | |||
Carrying amount of buildings and improvements | 5,721 | |||
Carrying amount of land and buildings and improvements, Total | 7,944 | |||
Accumulated Depreciation | $ (111) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sunrise Industrial Park [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 9 | |||
Land | $ 21,369 | |||
Building and Improvements | 92,503 | |||
Costs capitalized subsequent to acquisition | 3,909 | |||
Carrying amount of land | 21,369 | |||
Carrying amount of buildings and improvements | 96,412 | |||
Carrying amount of land and buildings and improvements, Total | 117,781 | |||
Accumulated Depreciation | $ (8,941) | |||
Date of Construction/ Acquisition | 2011, 2013, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Valley View Distribution Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 2,420 | |||
Building and Improvements | 258 | |||
Carrying amount of land | 2,420 | |||
Carrying amount of buildings and improvements | 258 | |||
Carrying amount of land and buildings and improvements, Total | 2,678 | |||
Accumulated Depreciation | $ (74) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Warm Springs Distribution Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 6 | |||
Land | $ 8,897 | |||
Building and Improvements | 39,055 | |||
Costs capitalized subsequent to acquisition | 96 | |||
Carrying amount of land | 8,897 | |||
Carrying amount of buildings and improvements | 39,151 | |||
Carrying amount of land and buildings and improvements, Total | 48,048 | |||
Accumulated Depreciation | $ (802) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | West One Business Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 4 | |||
Land | $ 2,468 | |||
Building and Improvements | 13,985 | |||
Costs capitalized subsequent to acquisition | 5,529 | |||
Carrying amount of land | 2,468 | |||
Carrying amount of buildings and improvements | 19,514 | |||
Carrying amount of land and buildings and improvements, Total | 21,982 | |||
Accumulated Depreciation | $ (12,450) | |||
Date of Construction/ Acquisition | 1,996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cedar Grove Distribution Center [Member] | Louisville, Kentucky [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 5 | |||
Land | $ 20,697 | |||
Building and Improvements | 105,257 | |||
Costs capitalized subsequent to acquisition | 3,744 | |||
Carrying amount of land | 20,696 | |||
Carrying amount of buildings and improvements | 109,002 | |||
Carrying amount of land and buildings and improvements, Total | 129,698 | |||
Accumulated Depreciation | $ (13,455) | |||
Date of Construction/ Acquisition | 2005, 2008, 2012, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Commerce Crossings Distribution Center [Member] | Louisville, Kentucky [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 1,912 | |||
Building and Improvements | 7,649 | |||
Costs capitalized subsequent to acquisition | 266 | |||
Carrying amount of land | 1,912 | |||
Carrying amount of buildings and improvements | 7,915 | |||
Carrying amount of land and buildings and improvements, Total | 9,827 | |||
Accumulated Depreciation | $ (2,736) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | I-65 Meyer Distribution Center [Member] | Louisville, Kentucky [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 3 | |||
Land | $ 9,557 | |||
Building and Improvements | 32,334 | |||
Costs capitalized subsequent to acquisition | 25,091 | |||
Carrying amount of land | 9,864 | |||
Carrying amount of buildings and improvements | 57,118 | |||
Carrying amount of land and buildings and improvements, Total | 66,982 | |||
Accumulated Depreciation | $ (9,527) | |||
Date of Construction/ Acquisition | 2006, 2012, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | New Cut Road Distribution Center [Member] | Louisville, Kentucky [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 2,711 | |||
Building and Improvements | 11,694 | |||
Costs capitalized subsequent to acquisition | 628 | |||
Carrying amount of land | 2,711 | |||
Carrying amount of buildings and improvements | 12,322 | |||
Carrying amount of land and buildings and improvements, Total | 15,033 | |||
Accumulated Depreciation | $ (1,903) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | River Ridge Distribution Center [Member] | Louisville, Kentucky [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 8,102 | |||
Building and Improvements | 69,329 | |||
Costs capitalized subsequent to acquisition | 19 | |||
Carrying amount of land | 8,102 | |||
Carrying amount of buildings and improvements | 69,348 | |||
Carrying amount of land and buildings and improvements, Total | 77,450 | |||
Accumulated Depreciation | $ (1,168) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Riverport Distribution Center [Member] | Louisville, Kentucky [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 1,515 | |||
Building and Improvements | 8,585 | |||
Costs capitalized subsequent to acquisition | 5,182 | |||
Carrying amount of land | 1,817 | |||
Carrying amount of buildings and improvements | 13,465 | |||
Carrying amount of land and buildings and improvements, Total | 15,282 | |||
Accumulated Depreciation | $ (5,717) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Delp Distribution Center [Member] | Memphis, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 3 | |||
Land | $ 1,068 | |||
Building and Improvements | 10,546 | |||
Costs capitalized subsequent to acquisition | 894 | |||
Carrying amount of land | 1,068 | |||
Carrying amount of buildings and improvements | 11,440 | |||
Carrying amount of land and buildings and improvements, Total | 12,508 | |||
Accumulated Depreciation | $ (7,828) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | DeSoto Distribution Center [Member] | Memphis, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 3 | |||
Land | $ 7,225 | |||
Building and Improvements | 4,136 | |||
Costs capitalized subsequent to acquisition | 35,506 | |||
Carrying amount of land | 6,778 | |||
Carrying amount of buildings and improvements | 40,089 | |||
Carrying amount of land and buildings and improvements, Total | 46,867 | |||
Accumulated Depreciation | $ (7,396) | |||
Date of Construction/ Acquisition | 2007, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Memphis Industrial Park [Member] | Memphis, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 3,252 | |||
Building and Improvements | 14,448 | |||
Costs capitalized subsequent to acquisition | 1,546 | |||
Carrying amount of land | 3,252 | |||
Carrying amount of buildings and improvements | 15,994 | |||
Carrying amount of land and buildings and improvements, Total | 19,246 | |||
Accumulated Depreciation | $ (2,310) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Olive Branch Distribution Center [Member] | Memphis, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 6,719 | |||
Building and Improvements | 31,134 | |||
Costs capitalized subsequent to acquisition | 400 | |||
Carrying amount of land | 6,719 | |||
Carrying amount of buildings and improvements | 31,534 | |||
Carrying amount of land and buildings and improvements, Total | 38,253 | |||
Accumulated Depreciation | $ (5,230) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Willow Lake Distribution Center [Member] | Memphis, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 613 | |||
Building and Improvements | 3,474 | |||
Costs capitalized subsequent to acquisition | 93 | |||
Carrying amount of land | 613 | |||
Carrying amount of buildings and improvements | 3,567 | |||
Carrying amount of land and buildings and improvements, Total | 4,180 | |||
Accumulated Depreciation | $ (2,186) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Centre Pointe Distribution Center [Member] | Nashville, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 3,760 | |||
Building and Improvements | 15,042 | |||
Costs capitalized subsequent to acquisition | 712 | |||
Carrying amount of land | 3,760 | |||
Carrying amount of buildings and improvements | 15,754 | |||
Carrying amount of land and buildings and improvements, Total | 19,514 | |||
Accumulated Depreciation | $ (1,041) | |||
Date of Construction/ Acquisition | 2,013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Elam Farms Park [Member] | Nashville, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 2,097 | |||
Building and Improvements | 8,386 | |||
Costs capitalized subsequent to acquisition | 1,918 | |||
Carrying amount of land | 2,097 | |||
Carrying amount of buildings and improvements | 10,304 | |||
Carrying amount of land and buildings and improvements, Total | 12,401 | |||
Accumulated Depreciation | $ (1,145) | |||
Date of Construction/ Acquisition | 2,013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | I-40 Industrial Center [Member] | Nashville, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 4 | |||
Land | $ 3,075 | |||
Building and Improvements | 15,333 | |||
Costs capitalized subsequent to acquisition | 4,517 | |||
Carrying amount of land | 3,075 | |||
Carrying amount of buildings and improvements | 19,850 | |||
Carrying amount of land and buildings and improvements, Total | 22,925 | |||
Accumulated Depreciation | $ (8,123) | |||
Date of Construction/ Acquisition | 1995, 1996, 1999, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Interchange City Distribution Center [Member] | Nashville, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 11 | |||
Land | $ 11,460 | |||
Building and Improvements | 49,472 | |||
Costs capitalized subsequent to acquisition | 4,398 | |||
Carrying amount of land | 11,460 | |||
Carrying amount of buildings and improvements | 53,870 | |||
Carrying amount of land and buildings and improvements, Total | 65,330 | |||
Accumulated Depreciation | $ (4,537) | |||
Date of Construction/ Acquisition | 1999, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Nashville North Distribution Center [Member] | Nashville, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 4 | |||
Land | $ 6,194 | |||
Building and Improvements | 44,587 | |||
Costs capitalized subsequent to acquisition | 129 | |||
Carrying amount of land | 6,194 | |||
Carrying amount of buildings and improvements | 44,716 | |||
Carrying amount of land and buildings and improvements, Total | 50,910 | |||
Accumulated Depreciation | $ (1,015) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Brunswick Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 870 | |||
Building and Improvements | 4,928 | |||
Costs capitalized subsequent to acquisition | 2,955 | |||
Carrying amount of land | 870 | |||
Carrying amount of buildings and improvements | 7,883 | |||
Carrying amount of land and buildings and improvements, Total | 8,753 | |||
Accumulated Depreciation | $ (5,353) | |||
Date of Construction/ Acquisition | 1,997 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Carteret Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 3 | |||
Land | $ 39,148 | |||
Building and Improvements | 109,078 | |||
Costs capitalized subsequent to acquisition | 75 | |||
Carrying amount of land | 39,148 | |||
Carrying amount of buildings and improvements | 109,153 | |||
Carrying amount of land and buildings and improvements, Total | 148,301 | |||
Accumulated Depreciation | $ (2,353) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | CenterPoint Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 2,839 | |||
Building and Improvements | 12,490 | |||
Costs capitalized subsequent to acquisition | 1,753 | |||
Carrying amount of land | 2,839 | |||
Carrying amount of buildings and improvements | 14,243 | |||
Carrying amount of land and buildings and improvements, Total | 17,082 | |||
Accumulated Depreciation | $ (2,498) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chester Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 548 | |||
Building and Improvements | 5,319 | |||
Costs capitalized subsequent to acquisition | 345 | |||
Carrying amount of land | 548 | |||
Carrying amount of buildings and improvements | 5,664 | |||
Carrying amount of land and buildings and improvements, Total | 6,212 | |||
Accumulated Depreciation | $ (4,364) | |||
Date of Construction/ Acquisition | 2,002 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Clifton Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 8,064 | |||
Building and Improvements | 12,096 | |||
Costs capitalized subsequent to acquisition | 1,333 | |||
Carrying amount of land | 8,064 | |||
Carrying amount of buildings and improvements | 13,429 | |||
Carrying amount of land and buildings and improvements, Total | 21,493 | |||
Accumulated Depreciation | $ (2,565) | |||
Date of Construction/ Acquisition | 2,010 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cranbury Business Park [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 8 | |||
Land | $ 43,056 | |||
Building and Improvements | 91,129 | |||
Costs capitalized subsequent to acquisition | 2,598 | |||
Carrying amount of land | 43,056 | |||
Carrying amount of buildings and improvements | 93,727 | |||
Carrying amount of land and buildings and improvements, Total | 136,783 | |||
Accumulated Depreciation | $ (9,158) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dellamor [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 7 | |||
Land | $ 6,710 | |||
Building and Improvements | 35,478 | |||
Costs capitalized subsequent to acquisition | 2,593 | |||
Carrying amount of land | 6,710 | |||
Carrying amount of buildings and improvements | 38,071 | |||
Carrying amount of land and buildings and improvements, Total | 44,781 | |||
Accumulated Depreciation | $ (7,734) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Docks Corner SG (Phase II) [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 16,232 | |||
Building and Improvements | 19,264 | |||
Costs capitalized subsequent to acquisition | 5,728 | |||
Carrying amount of land | 16,232 | |||
Carrying amount of buildings and improvements | 24,992 | |||
Carrying amount of land and buildings and improvements, Total | 41,224 | |||
Accumulated Depreciation | $ (7,747) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Exit 10 Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 9 | |||
Land | $ 66,230 | |||
Building and Improvements | 207,555 | |||
Costs capitalized subsequent to acquisition | 12,347 | |||
Carrying amount of land | 66,230 | |||
Carrying amount of buildings and improvements | 219,902 | |||
Carrying amount of land and buildings and improvements, Total | 286,132 | |||
Accumulated Depreciation | $ (49,910) | |||
Date of Construction/ Acquisition | 2005, 2010, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Exit 7 Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 35,728 | |||
Building and Improvements | 117,157 | |||
Costs capitalized subsequent to acquisition | 12 | |||
Carrying amount of land | 35,728 | |||
Carrying amount of buildings and improvements | 117,169 | |||
Carrying amount of land and buildings and improvements, Total | 152,897 | |||
Accumulated Depreciation | $ (1,980) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Exit 8A Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 21,164 | |||
Building and Improvements | 85,257 | |||
Costs capitalized subsequent to acquisition | 3,804 | |||
Carrying amount of land | 21,164 | |||
Carrying amount of buildings and improvements | 89,061 | |||
Carrying amount of land and buildings and improvements, Total | 110,225 | |||
Accumulated Depreciation | $ (17,184) | |||
Date of Construction/ Acquisition | 2005, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Franklin Commercial Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 9,304 | |||
Building and Improvements | 23,768 | |||
Costs capitalized subsequent to acquisition | 81 | |||
Carrying amount of land | 9,304 | |||
Carrying amount of buildings and improvements | 23,849 | |||
Carrying amount of land and buildings and improvements, Total | 33,153 | |||
Accumulated Depreciation | $ (3,384) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Gourmet Lane Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 13,099 | |||
Building and Improvements | 25,814 | |||
Carrying amount of land | 13,099 | |||
Carrying amount of buildings and improvements | 25,814 | |||
Carrying amount of land and buildings and improvements, Total | 38,913 | |||
Accumulated Depreciation | $ (153) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Highway 17 55 Madis [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 2,937 | |||
Building and Improvements | 13,477 | |||
Costs capitalized subsequent to acquisition | 1,115 | |||
Carrying amount of land | 2,937 | |||
Carrying amount of buildings and improvements | 14,592 | |||
Carrying amount of land and buildings and improvements, Total | 17,529 | |||
Accumulated Depreciation | $ (2,857) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Interstate Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 3 | |||
Land | $ 30,188 | |||
Building and Improvements | 76,705 | |||
Costs capitalized subsequent to acquisition | 299 | |||
Carrying amount of land | 30,188 | |||
Carrying amount of buildings and improvements | 77,004 | |||
Carrying amount of land and buildings and improvements, Total | 107,192 | |||
Accumulated Depreciation | $ (1,407) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | JFK Cargo Center 75_77 [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Building and Improvements | $ 35,916 | |||
Costs capitalized subsequent to acquisition | 3,773 | |||
Carrying amount of buildings and improvements | 39,689 | |||
Carrying amount of land and buildings and improvements, Total | 39,689 | |||
Accumulated Depreciation | $ (17,488) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kilmer Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 4 | |||
Land | $ 2,526 | |||
Building and Improvements | 14,313 | |||
Costs capitalized subsequent to acquisition | 4,239 | |||
Carrying amount of land | 2,526 | |||
Carrying amount of buildings and improvements | 18,552 | |||
Carrying amount of land and buildings and improvements, Total | 21,078 | |||
Accumulated Depreciation | $ (12,166) | |||
Date of Construction/ Acquisition | 1,996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Liberty Log Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 3,273 | |||
Building and Improvements | 24,029 | |||
Costs capitalized subsequent to acquisition | 245 | |||
Carrying amount of land | 3,273 | |||
Carrying amount of buildings and improvements | 24,274 | |||
Carrying amount of land and buildings and improvements, Total | 27,547 | |||
Accumulated Depreciation | $ (3,114) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Linden Industrial | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 18,652 | |||
Building and Improvements | 35,297 | |||
Costs capitalized subsequent to acquisition | 579 | |||
Carrying amount of land | 18,652 | |||
Carrying amount of buildings and improvements | 35,876 | |||
Carrying amount of land and buildings and improvements, Total | 54,528 | |||
Accumulated Depreciation | $ (1,581) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Lister Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 16,855 | |||
Building and Improvements | 26,004 | |||
Costs capitalized subsequent to acquisition | 158 | |||
Carrying amount of land | 16,855 | |||
Carrying amount of buildings and improvements | 26,162 | |||
Carrying amount of land and buildings and improvements, Total | $ 43,017 | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mahwah Corporate Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 4 | |||
Land | $ 12,695 | |||
Building and Improvements | 27,342 | |||
Costs capitalized subsequent to acquisition | 938 | |||
Carrying amount of land | 12,695 | |||
Carrying amount of buildings and improvements | 28,280 | |||
Carrying amount of land and buildings and improvements, Total | 40,975 | |||
Accumulated Depreciation | $ (4,934) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Maspeth Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 23,784 | |||
Building and Improvements | 8,516 | |||
Carrying amount of land | 23,784 | |||
Carrying amount of buildings and improvements | 8,516 | |||
Carrying amount of land and buildings and improvements, Total | 32,300 | |||
Accumulated Depreciation | $ (49) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meadow Lane [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 1,036 | |||
Building and Improvements | 6,388 | |||
Costs capitalized subsequent to acquisition | 1 | |||
Carrying amount of land | 1,036 | |||
Carrying amount of buildings and improvements | 6,389 | |||
Carrying amount of land and buildings and improvements, Total | 7,425 | |||
Accumulated Depreciation | $ (1,250) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meadowland Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 6 | |||
Land | $ 26,379 | |||
Building and Improvements | 83,224 | |||
Costs capitalized subsequent to acquisition | 5,352 | |||
Carrying amount of land | 26,379 | |||
Carrying amount of buildings and improvements | 88,576 | |||
Carrying amount of land and buildings and improvements, Total | 114,955 | |||
Accumulated Depreciation | $ (22,259) | |||
Date of Construction/ Acquisition | 2005, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meadowland Industrial Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 7 | |||
Land | $ 4,190 | |||
Building and Improvements | 13,469 | |||
Costs capitalized subsequent to acquisition | 20,399 | |||
Carrying amount of land | 4,190 | |||
Carrying amount of buildings and improvements | 33,868 | |||
Carrying amount of land and buildings and improvements, Total | 38,058 | |||
Accumulated Depreciation | $ (20,951) | |||
Date of Construction/ Acquisition | 1996, 1998 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meadowlands ALFII [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 3 | |||
Land | $ 3,972 | |||
Building and Improvements | 18,895 | |||
Costs capitalized subsequent to acquisition | 3,303 | |||
Carrying amount of land | 3,972 | |||
Carrying amount of buildings and improvements | 22,198 | |||
Carrying amount of land and buildings and improvements, Total | 26,170 | |||
Accumulated Depreciation | $ (3,778) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meadowlands Park [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 8 | |||
Land | $ 6,898 | |||
Building and Improvements | 41,471 | |||
Costs capitalized subsequent to acquisition | 1,749 | |||
Carrying amount of land | 6,898 | |||
Carrying amount of buildings and improvements | 43,220 | |||
Carrying amount of land and buildings and improvements, Total | 50,118 | |||
Accumulated Depreciation | $ (8,474) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mooncreek Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 3,319 | |||
Building and Improvements | 13,422 | |||
Costs capitalized subsequent to acquisition | 15 | |||
Carrying amount of land | 3,319 | |||
Carrying amount of buildings and improvements | 13,437 | |||
Carrying amount of land and buildings and improvements, Total | 16,756 | |||
Accumulated Depreciation | $ (2,849) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Murray Hill Parkway [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 2,907 | |||
Building and Improvements | 12,040 | |||
Costs capitalized subsequent to acquisition | 280 | |||
Carrying amount of land | 2,907 | |||
Carrying amount of buildings and improvements | 12,320 | |||
Carrying amount of land and buildings and improvements, Total | 15,227 | |||
Accumulated Depreciation | $ (2,168) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | National Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 2,417 | |||
Building and Improvements | 3,918 | |||
Costs capitalized subsequent to acquisition | 168 | |||
Carrying amount of land | 2,417 | |||
Carrying amount of buildings and improvements | 4,086 | |||
Carrying amount of land and buildings and improvements, Total | 6,503 | |||
Accumulated Depreciation | $ (281) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Newark Airport I and II [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 3 | |||
Land | $ 19,379 | |||
Building and Improvements | 16,940 | |||
Costs capitalized subsequent to acquisition | 649 | |||
Carrying amount of land | 19,379 | |||
Carrying amount of buildings and improvements | 17,589 | |||
Carrying amount of land and buildings and improvements, Total | 36,968 | |||
Accumulated Depreciation | $ (1,536) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Orchard Hill | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 678 | |||
Building and Improvements | 3,756 | |||
Costs capitalized subsequent to acquisition | 21 | |||
Carrying amount of land | 678 | |||
Carrying amount of buildings and improvements | 3,777 | |||
Carrying amount of land and buildings and improvements, Total | 4,455 | |||
Accumulated Depreciation | $ (791) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pennsauken Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 192 | |||
Building and Improvements | 959 | |||
Costs capitalized subsequent to acquisition | 557 | |||
Carrying amount of land | 203 | |||
Carrying amount of buildings and improvements | 1,505 | |||
Carrying amount of land and buildings and improvements, Total | 1,708 | |||
Accumulated Depreciation | $ (889) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Perth Amboy Corporate Park [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 54,701 | |||
Building and Improvements | 86,705 | |||
Costs capitalized subsequent to acquisition | 201 | |||
Carrying amount of land | 54,701 | |||
Carrying amount of buildings and improvements | 86,906 | |||
Carrying amount of land and buildings and improvements, Total | 141,607 | |||
Accumulated Depreciation | $ (712) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Port Reading Business Park [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 10 | |||
Land | $ 211,931 | |||
Building and Improvements | 256,740 | |||
Costs capitalized subsequent to acquisition | 123,590 | |||
Carrying amount of land | 209,055 | |||
Carrying amount of buildings and improvements | 383,206 | |||
Carrying amount of land and buildings and improvements, Total | 592,261 | |||
Accumulated Depreciation | $ (16,514) | |||
Date of Construction/ Acquisition | 2005, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Ports Jersey City Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 34,133 | |||
Costs capitalized subsequent to acquisition | 60,963 | |||
Carrying amount of land | 34,401 | |||
Carrying amount of buildings and improvements | 60,695 | |||
Carrying amount of land and buildings and improvements, Total | 95,096 | |||
Accumulated Depreciation | $ (2,480) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Portview Commerce Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 3 | |||
Land | $ 9,577 | |||
Building and Improvements | 21,581 | |||
Costs capitalized subsequent to acquisition | 19,111 | |||
Carrying amount of land | 9,797 | |||
Carrying amount of buildings and improvements | 40,472 | |||
Carrying amount of land and buildings and improvements, Total | 50,269 | |||
Accumulated Depreciation | $ (4,199) | |||
Date of Construction/ Acquisition | 2011, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Secaucus Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 9,603 | |||
Costs capitalized subsequent to acquisition | 26,889 | |||
Carrying amount of land | 9,603 | |||
Carrying amount of buildings and improvements | 26,889 | |||
Carrying amount of land and buildings and improvements, Total | 36,492 | |||
Accumulated Depreciation | $ (2,258) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Skyland Crossdock [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Building and Improvements | $ 9,831 | |||
Costs capitalized subsequent to acquisition | 1,292 | |||
Carrying amount of buildings and improvements | 11,123 | |||
Carrying amount of land and buildings and improvements, Total | 11,123 | |||
Accumulated Depreciation | $ (2,421) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Jersey Distribution Center [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,912 | |||
Building and Improvements | 17,437 | |||
Costs capitalized subsequent to acquisition | 204 | |||
Carrying amount of land | 6,912 | |||
Carrying amount of buildings and improvements | 17,641 | |||
Carrying amount of land and buildings and improvements, Total | 24,553 | |||
Accumulated Depreciation | $ (1,619) | |||
Date of Construction/ Acquisition | 2,013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Teterboro Meadowlands 15 [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 18,169 | |||
Building and Improvements | 34,604 | |||
Costs capitalized subsequent to acquisition | 46 | |||
Carrying amount of land | 18,169 | |||
Carrying amount of buildings and improvements | 34,650 | |||
Carrying amount of land and buildings and improvements, Total | 52,819 | |||
Accumulated Depreciation | $ (4,308) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Two South Middlesex [Member] | New Jersey/New York [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,389 | |||
Building and Improvements | 8,410 | |||
Costs capitalized subsequent to acquisition | 460 | |||
Carrying amount of land | 4,389 | |||
Carrying amount of buildings and improvements | 8,870 | |||
Carrying amount of land and buildings and improvements, Total | 13,259 | |||
Accumulated Depreciation | $ (1,966) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chesapeake Distribution Center [Member] | Norfolk Virginia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,335 | |||
Building and Improvements | 9,665 | |||
Costs capitalized subsequent to acquisition | 25 | |||
Carrying amount of land | 2,335 | |||
Carrying amount of buildings and improvements | 9,690 | |||
Carrying amount of land and buildings and improvements, Total | 12,025 | |||
Accumulated Depreciation | $ (416) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Beltway Commerce Center [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 17,082 | |||
Building and Improvements | 25,526 | |||
Costs capitalized subsequent to acquisition | 7,111 | |||
Carrying amount of land | 17,082 | |||
Carrying amount of buildings and improvements | 32,637 | |||
Carrying amount of land and buildings and improvements, Total | 49,719 | |||
Accumulated Depreciation | $ (5,621) | |||
Date of Construction/ Acquisition | 2,008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chancellor Distribution Center [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 380 | |||
Building and Improvements | 2,157 | |||
Costs capitalized subsequent to acquisition | 2,596 | |||
Carrying amount of land | 380 | |||
Carrying amount of buildings and improvements | 4,753 | |||
Carrying amount of land and buildings and improvements, Total | 5,133 | |||
Accumulated Depreciation | $ (3,160) | |||
Date of Construction/ Acquisition | 1,994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chancellor Square [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 2,087 | |||
Building and Improvements | 9,708 | |||
Costs capitalized subsequent to acquisition | 2,835 | |||
Carrying amount of land | 2,087 | |||
Carrying amount of buildings and improvements | 12,543 | |||
Carrying amount of land and buildings and improvements, Total | 14,630 | |||
Accumulated Depreciation | $ (2,248) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Consulate Distribution Center [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 6,105 | |||
Building and Improvements | 31,550 | |||
Costs capitalized subsequent to acquisition | 2,580 | |||
Carrying amount of land | 6,105 | |||
Carrying amount of buildings and improvements | 34,130 | |||
Carrying amount of land and buildings and improvements, Total | 40,235 | |||
Accumulated Depreciation | $ (14,919) | |||
Date of Construction/ Acquisition | 1999, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Crowne Pointe Park [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,888 | |||
Building and Improvements | 7,497 | |||
Costs capitalized subsequent to acquisition | 43 | |||
Carrying amount of land | 3,888 | |||
Carrying amount of buildings and improvements | 7,540 | |||
Carrying amount of land and buildings and improvements, Total | 11,428 | |||
Accumulated Depreciation | $ (165) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Davenport Distribution Center [[Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 934 | |||
Building and Improvements | 3,991 | |||
Costs capitalized subsequent to acquisition | 102 | |||
Carrying amount of land | 934 | |||
Carrying amount of buildings and improvements | 4,093 | |||
Carrying amount of land and buildings and improvements, Total | 5,027 | |||
Accumulated Depreciation | $ (602) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Lake Mary Logistics Center [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,374 | |||
Building and Improvements | 5,101 | |||
Costs capitalized subsequent to acquisition | 40 | |||
Carrying amount of land | 1,374 | |||
Carrying amount of buildings and improvements | 5,141 | |||
Carrying amount of land and buildings and improvements, Total | 6,515 | |||
Accumulated Depreciation | $ (104) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Orlando Central Park [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,398 | |||
Building and Improvements | 5,977 | |||
Costs capitalized subsequent to acquisition | 403 | |||
Carrying amount of land | 1,398 | |||
Carrying amount of buildings and improvements | 6,380 | |||
Carrying amount of land and buildings and improvements, Total | 7,778 | |||
Accumulated Depreciation | $ (1,072) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Orlando Corporate Center [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 8,061 | |||
Building and Improvements | 33,030 | |||
Costs capitalized subsequent to acquisition | 1,410 | |||
Carrying amount of land | 8,061 | |||
Carrying amount of buildings and improvements | 34,440 | |||
Carrying amount of land and buildings and improvements, Total | 42,501 | |||
Accumulated Depreciation | $ (1,613) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Presidents Drive [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 6,845 | |||
Building and Improvements | 31,180 | |||
Costs capitalized subsequent to acquisition | 4,138 | |||
Carrying amount of land | 6,845 | |||
Carrying amount of buildings and improvements | 35,318 | |||
Carrying amount of land and buildings and improvements, Total | 42,163 | |||
Accumulated Depreciation | $ (7,072) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sand Lake Service Center [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 3,704 | |||
Building and Improvements | 19,546 | |||
Costs capitalized subsequent to acquisition | 3,603 | |||
Carrying amount of land | 3,704 | |||
Carrying amount of buildings and improvements | 23,149 | |||
Carrying amount of land and buildings and improvements, Total | 26,853 | |||
Accumulated Depreciation | $ (4,599) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | 24th Street Industrial Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 503 | |||
Building and Improvements | 2,852 | |||
Costs capitalized subsequent to acquisition | 1,991 | |||
Carrying amount of land | 561 | |||
Carrying amount of buildings and improvements | 4,785 | |||
Carrying amount of land and buildings and improvements, Total | 5,346 | |||
Accumulated Depreciation | $ (3,622) | |||
Date of Construction/ Acquisition | 1,994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Alameda Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,872 | |||
Building and Improvements | 14,358 | |||
Costs capitalized subsequent to acquisition | 3,033 | |||
Carrying amount of land | 3,872 | |||
Carrying amount of buildings and improvements | 17,391 | |||
Carrying amount of land and buildings and improvements, Total | 21,263 | |||
Accumulated Depreciation | $ (6,229) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Brookridge Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,897 | |||
Building and Improvements | 15,153 | |||
Costs capitalized subsequent to acquisition | 241 | |||
Carrying amount of land | 3,897 | |||
Carrying amount of buildings and improvements | 15,394 | |||
Carrying amount of land and buildings and improvements, Total | 19,291 | |||
Accumulated Depreciation | $ (733) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hohokam 10 Business Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,317 | |||
Building and Improvements | 7,468 | |||
Costs capitalized subsequent to acquisition | 1,376 | |||
Carrying amount of land | 1,318 | |||
Carrying amount of buildings and improvements | 8,843 | |||
Carrying amount of land and buildings and improvements, Total | 10,161 | |||
Accumulated Depreciation | $ (4,971) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kyrene Commons Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 1,093 | |||
Building and Improvements | 5,475 | |||
Costs capitalized subsequent to acquisition | 2,786 | |||
Carrying amount of land | 1,093 | |||
Carrying amount of buildings and improvements | 8,261 | |||
Carrying amount of land and buildings and improvements, Total | 9,354 | |||
Accumulated Depreciation | $ (5,209) | |||
Date of Construction/ Acquisition | 1992, 1998, 1999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Papago Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 4,828 | |||
Building and Improvements | 20,017 | |||
Costs capitalized subsequent to acquisition | 5,007 | |||
Carrying amount of land | 4,829 | |||
Carrying amount of buildings and improvements | 25,023 | |||
Carrying amount of land and buildings and improvements, Total | 29,852 | |||
Accumulated Depreciation | $ (10,709) | |||
Date of Construction/ Acquisition | 1994, 2005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Phoenix Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 4,837 | |||
Building and Improvements | 17,257 | |||
Costs capitalized subsequent to acquisition | 1,009 | |||
Carrying amount of land | 4,837 | |||
Carrying amount of buildings and improvements | 18,266 | |||
Carrying amount of land and buildings and improvements, Total | 23,103 | |||
Accumulated Depreciation | $ (1,005) | |||
Date of Construction/ Acquisition | 2012, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | University Dr Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 683 | |||
Building and Improvements | 2,735 | |||
Costs capitalized subsequent to acquisition | 820 | |||
Carrying amount of land | 683 | |||
Carrying amount of buildings and improvements | 3,555 | |||
Carrying amount of land and buildings and improvements, Total | 4,238 | |||
Accumulated Depreciation | $ (1,156) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Watkins Street Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 242 | |||
Building and Improvements | 1,375 | |||
Costs capitalized subsequent to acquisition | 792 | |||
Carrying amount of land | 243 | |||
Carrying amount of buildings and improvements | 2,166 | |||
Carrying amount of land and buildings and improvements, Total | 2,409 | |||
Accumulated Depreciation | $ (1,410) | |||
Date of Construction/ Acquisition | 1,995 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Wilson Drive Distribution Center [Member] | Phoenix, Arizona [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,273 | |||
Building and Improvements | 5,093 | |||
Costs capitalized subsequent to acquisition | 935 | |||
Carrying amount of land | 1,273 | |||
Carrying amount of buildings and improvements | 6,028 | |||
Carrying amount of land and buildings and improvements, Total | 7,301 | |||
Accumulated Depreciation | $ (2,227) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Clackamas Distribution Center [Member] | Portland, Oregon [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 8,828 | |||
Building and Improvements | 28,192 | |||
Costs capitalized subsequent to acquisition | 299 | |||
Carrying amount of land | 8,828 | |||
Carrying amount of buildings and improvements | 28,491 | |||
Carrying amount of land and buildings and improvements, Total | 37,319 | |||
Accumulated Depreciation | $ (1,858) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | PDX Cargo Center Airtrans [Member] | Portland, Oregon [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Building and Improvements | $ 13,697 | |||
Costs capitalized subsequent to acquisition | 247 | |||
Carrying amount of buildings and improvements | 13,944 | |||
Carrying amount of land and buildings and improvements, Total | 13,944 | |||
Accumulated Depreciation | $ (3,506) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | PDX Corporate Center East [Member] | Portland, Oregon [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 7,126 | |||
Building and Improvements | 21,303 | |||
Costs capitalized subsequent to acquisition | 130 | |||
Carrying amount of land | 7,126 | |||
Carrying amount of buildings and improvements | 21,433 | |||
Carrying amount of land and buildings and improvements, Total | 28,559 | |||
Accumulated Depreciation | $ (947) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | PDX Corporate Center North Phase II [Member] | Portland, Oregon [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 10,293 | |||
Building and Improvements | 25,461 | |||
Costs capitalized subsequent to acquisition | 2,102 | |||
Carrying amount of land | 10,293 | |||
Carrying amount of buildings and improvements | 27,563 | |||
Carrying amount of land and buildings and improvements, Total | 37,856 | |||
Accumulated Depreciation | $ (3,271) | |||
Date of Construction/ Acquisition | 2008, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Portland Northwest Corporate Park [Member] | Portland, Oregon [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 13,666 | |||
Building and Improvements | 40,999 | |||
Costs capitalized subsequent to acquisition | 26 | |||
Carrying amount of land | 13,666 | |||
Carrying amount of buildings and improvements | 41,025 | |||
Carrying amount of land and buildings and improvements, Total | 54,691 | |||
Accumulated Depreciation | $ (489) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Southshore Corporate Center [Member] | Portland, Oregon [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 9,480 | |||
Building and Improvements | 24,173 | |||
Costs capitalized subsequent to acquisition | 10,261 | |||
Carrying amount of land | 8,143 | |||
Carrying amount of buildings and improvements | 35,771 | |||
Carrying amount of land and buildings and improvements, Total | 43,914 | |||
Accumulated Depreciation | $ (4,864) | |||
Date of Construction/ Acquisition | 2006, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Damonte Ranch Distribution Center [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 8,764 | |||
Building and Improvements | 36,766 | |||
Costs capitalized subsequent to acquisition | 956 | |||
Carrying amount of land | 8,764 | |||
Carrying amount of buildings and improvements | 37,722 | |||
Carrying amount of land and buildings and improvements, Total | 46,486 | |||
Accumulated Depreciation | $ (4,746) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Golden Valley Distribution Center [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 940 | |||
Building and Improvements | 13,686 | |||
Costs capitalized subsequent to acquisition | 3,254 | |||
Carrying amount of land | 2,415 | |||
Carrying amount of buildings and improvements | 15,465 | |||
Carrying amount of land and buildings and improvements, Total | 17,880 | |||
Accumulated Depreciation | $ (5,090) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meredith Kleppe Business Center [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 2,988 | |||
Building and Improvements | 10,933 | |||
Costs capitalized subsequent to acquisition | 4,755 | |||
Carrying amount of land | 2,988 | |||
Carrying amount of buildings and improvements | 15,688 | |||
Carrying amount of land and buildings and improvements, Total | 18,676 | |||
Accumulated Depreciation | $ (4,008) | |||
Date of Construction/ Acquisition | 1993, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Packer Way Distribution Center [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 506 | |||
Building and Improvements | 2,879 | |||
Costs capitalized subsequent to acquisition | 2,011 | |||
Carrying amount of land | 506 | |||
Carrying amount of buildings and improvements | 4,890 | |||
Carrying amount of land and buildings and improvements, Total | 5,396 | |||
Accumulated Depreciation | $ (3,658) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Reno Aircenter [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 544 | |||
Building and Improvements | 12,292 | |||
Costs capitalized subsequent to acquisition | 1,645 | |||
Carrying amount of land | 544 | |||
Carrying amount of buildings and improvements | 13,937 | |||
Carrying amount of land and buildings and improvements, Total | 14,481 | |||
Accumulated Depreciation | $ (218) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | RNO Cargo Center 10_11 [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Building and Improvements | $ 4,265 | |||
Costs capitalized subsequent to acquisition | 405 | |||
Carrying amount of buildings and improvements | 4,670 | |||
Carrying amount of land and buildings and improvements, Total | 4,670 | |||
Accumulated Depreciation | $ (1,338) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sage Point Business Park [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,705 | |||
Building and Improvements | 6,821 | |||
Costs capitalized subsequent to acquisition | 95 | |||
Carrying amount of land | 1,705 | |||
Carrying amount of buildings and improvements | 6,916 | |||
Carrying amount of land and buildings and improvements, Total | 8,621 | |||
Accumulated Depreciation | $ (125) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Stead Distribution Center [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,046 | |||
Building and Improvements | 19,330 | |||
Costs capitalized subsequent to acquisition | 280 | |||
Carrying amount of land | 1,046 | |||
Carrying amount of buildings and improvements | 19,610 | |||
Carrying amount of land and buildings and improvements, Total | 20,656 | |||
Accumulated Depreciation | $ (357) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tahoe- Reno Industrial Center [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 4,964 | |||
Building and Improvements | 30,381 | |||
Costs capitalized subsequent to acquisition | 23,957 | |||
Carrying amount of land | 4,964 | |||
Carrying amount of buildings and improvements | 54,338 | |||
Carrying amount of land and buildings and improvements, Total | 59,302 | |||
Accumulated Depreciation | $ (6,337) | |||
Date of Construction/ Acquisition | 2007, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Vista Industrial Park [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 5,923 | |||
Building and Improvements | 26,807 | |||
Costs capitalized subsequent to acquisition | 10,458 | |||
Carrying amount of land | 5,923 | |||
Carrying amount of buildings and improvements | 37,265 | |||
Carrying amount of land and buildings and improvements, Total | 43,188 | |||
Accumulated Depreciation | $ (19,189) | |||
Date of Construction/ Acquisition | 1994, 2001 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Clearfield Industrial Center [Member] | Salt Lake City, Utah [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,485 | |||
Building and Improvements | 14,759 | |||
Carrying amount of land | 3,485 | |||
Carrying amount of buildings and improvements | 14,759 | |||
Carrying amount of land and buildings and improvements, Total | 18,244 | |||
Accumulated Depreciation | $ (991) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Coliseum Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,607 | |||
Building and Improvements | 6,548 | |||
Carrying amount of land | 1,607 | |||
Carrying amount of buildings and improvements | 6,548 | |||
Carrying amount of land and buildings and improvements, Total | 8,155 | |||
Accumulated Depreciation | $ (307) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Director Drive Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,271 | |||
Building and Improvements | 5,455 | |||
Costs capitalized subsequent to acquisition | 277 | |||
Carrying amount of land | 1,271 | |||
Carrying amount of buildings and improvements | 5,732 | |||
Carrying amount of land and buildings and improvements, Total | 7,003 | |||
Accumulated Depreciation | $ (994) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Downtown Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 579 | |||
Building and Improvements | 2,347 | |||
Carrying amount of land | 579 | |||
Carrying amount of buildings and improvements | 2,347 | |||
Carrying amount of land and buildings and improvements, Total | 2,926 | |||
Accumulated Depreciation | $ (112) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Eisenhauer Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 5,042 | |||
Building and Improvements | 21,383 | |||
Costs capitalized subsequent to acquisition | 941 | |||
Carrying amount of land | 5,042 | |||
Carrying amount of buildings and improvements | 22,324 | |||
Carrying amount of land and buildings and improvements, Total | 27,366 | |||
Accumulated Depreciation | $ (2,701) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Interchange East Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,496 | |||
Building and Improvements | 6,535 | |||
Costs capitalized subsequent to acquisition | 234 | |||
Carrying amount of land | 1,496 | |||
Carrying amount of buildings and improvements | 6,769 | |||
Carrying amount of land and buildings and improvements, Total | 8,265 | |||
Accumulated Depreciation | $ (1,485) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Landmark One Distribution Center | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 857 | |||
Building and Improvements | 3,439 | |||
Costs capitalized subsequent to acquisition | 113 | |||
Carrying amount of land | 857 | |||
Carrying amount of buildings and improvements | 3,552 | |||
Carrying amount of land and buildings and improvements, Total | 4,409 | |||
Accumulated Depreciation | $ (160) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Macro Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 2,535 | |||
Building and Improvements | 12,395 | |||
Costs capitalized subsequent to acquisition | 4,498 | |||
Carrying amount of land | 2,535 | |||
Carrying amount of buildings and improvements | 16,893 | |||
Carrying amount of land and buildings and improvements, Total | 19,428 | |||
Accumulated Depreciation | $ (5,611) | |||
Date of Construction/ Acquisition | 2002, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Perrin Creek Corporate Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 9,770 | |||
Building and Improvements | 40,193 | |||
Costs capitalized subsequent to acquisition | 527 | |||
Carrying amount of land | 9,770 | |||
Carrying amount of buildings and improvements | 40,720 | |||
Carrying amount of land and buildings and improvements, Total | 50,490 | |||
Accumulated Depreciation | $ (4,004) | |||
Date of Construction/ Acquisition | 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Rittiman East Industrial Park [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 4,848 | |||
Building and Improvements | 19,223 | |||
Costs capitalized subsequent to acquisition | 3,251 | |||
Carrying amount of land | 4,848 | |||
Carrying amount of buildings and improvements | 22,474 | |||
Carrying amount of land and buildings and improvements, Total | 27,322 | |||
Accumulated Depreciation | $ (7,177) | |||
Date of Construction/ Acquisition | 2,006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Rittiman West Industrial Park [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,230 | |||
Building and Improvements | 4,950 | |||
Costs capitalized subsequent to acquisition | 1,184 | |||
Carrying amount of land | 1,230 | |||
Carrying amount of buildings and improvements | 6,134 | |||
Carrying amount of land and buildings and improvements, Total | 7,364 | |||
Accumulated Depreciation | $ (2,260) | |||
Date of Construction/ Acquisition | 2,006 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | San Antonio Distribution Center I [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 1,203 | |||
Building and Improvements | 4,648 | |||
Costs capitalized subsequent to acquisition | 7,491 | |||
Carrying amount of land | 1,203 | |||
Carrying amount of buildings and improvements | 12,139 | |||
Carrying amount of land and buildings and improvements, Total | 13,342 | |||
Accumulated Depreciation | $ (9,472) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | San Antonio Distribution Center II [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 885 | |||
Costs capitalized subsequent to acquisition | 7,638 | |||
Carrying amount of land | 885 | |||
Carrying amount of buildings and improvements | 7,638 | |||
Carrying amount of land and buildings and improvements, Total | 8,523 | |||
Accumulated Depreciation | $ (4,564) | |||
Date of Construction/ Acquisition | 1,994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | San Antonio Distribution Center III [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 5,079 | |||
Building and Improvements | 22,364 | |||
Costs capitalized subsequent to acquisition | 1,075 | |||
Carrying amount of land | 5,083 | |||
Carrying amount of buildings and improvements | 23,435 | |||
Carrying amount of land and buildings and improvements, Total | 28,518 | |||
Accumulated Depreciation | $ (4,021) | |||
Date of Construction/ Acquisition | 1996, 2012, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tri- County Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 6,888 | |||
Building and Improvements | 27,718 | |||
Costs capitalized subsequent to acquisition | 2,838 | |||
Carrying amount of land | 6,889 | |||
Carrying amount of buildings and improvements | 30,555 | |||
Carrying amount of land and buildings and improvements, Total | 37,444 | |||
Accumulated Depreciation | $ (5,378) | |||
Date of Construction/ Acquisition | 2007, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Acer Distribution Center | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,368 | |||
Building and Improvements | 15,139 | |||
Costs capitalized subsequent to acquisition | 253 | |||
Carrying amount of land | 3,368 | |||
Carrying amount of buildings and improvements | 15,392 | |||
Carrying amount of land and buildings and improvements, Total | 18,760 | |||
Accumulated Depreciation | $ (3,113) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Alvarado Business Center | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 20,739 | |||
Building and Improvements | 62,595 | |||
Costs capitalized subsequent to acquisition | 7,311 | |||
Carrying amount of land | 20,739 | |||
Carrying amount of buildings and improvements | 69,906 | |||
Carrying amount of land and buildings and improvements, Total | 90,645 | |||
Accumulated Depreciation | $ (24,865) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bayshore Distribution Center | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,450 | |||
Building and Improvements | 15,049 | |||
Costs capitalized subsequent to acquisition | 2,697 | |||
Carrying amount of land | 6,450 | |||
Carrying amount of buildings and improvements | 17,746 | |||
Carrying amount of land and buildings and improvements, Total | 24,196 | |||
Accumulated Depreciation | $ (3,747) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bayside Corporate Center | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 4,365 | |||
Costs capitalized subsequent to acquisition | 21,297 | |||
Carrying amount of land | 4,365 | |||
Carrying amount of buildings and improvements | 21,297 | |||
Carrying amount of land and buildings and improvements, Total | 25,662 | |||
Accumulated Depreciation | $ (13,800) | |||
Date of Construction/ Acquisition | 1995, 1996 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bayside Plaza One | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 12 | |||
Land | $ 5,212 | |||
Building and Improvements | 18,008 | |||
Costs capitalized subsequent to acquisition | 8,936 | |||
Carrying amount of land | 5,216 | |||
Carrying amount of buildings and improvements | 26,940 | |||
Carrying amount of land and buildings and improvements, Total | 32,156 | |||
Accumulated Depreciation | $ (18,917) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bayside Plaza Two | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 634 | |||
Costs capitalized subsequent to acquisition | 3,838 | |||
Carrying amount of land | 634 | |||
Carrying amount of buildings and improvements | 3,838 | |||
Carrying amount of land and buildings and improvements, Total | 4,472 | |||
Accumulated Depreciation | $ (2,530) | |||
Date of Construction/ Acquisition | 1,994 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Brennan Distribution | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,912 | |||
Building and Improvements | 7,553 | |||
Costs capitalized subsequent to acquisition | 66 | |||
Carrying amount of land | 1,912 | |||
Carrying amount of buildings and improvements | 7,619 | |||
Carrying amount of land and buildings and improvements, Total | 9,531 | |||
Accumulated Depreciation | $ (1,516) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Component Drive Industrial Port [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 2,829 | |||
Building and Improvements | 13,532 | |||
Costs capitalized subsequent to acquisition | 745 | |||
Carrying amount of land | 2,829 | |||
Carrying amount of buildings and improvements | 14,277 | |||
Carrying amount of land and buildings and improvements, Total | 17,106 | |||
Accumulated Depreciation | $ (2,841) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cypress | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,065 | |||
Building and Improvements | 5,103 | |||
Costs capitalized subsequent to acquisition | 252 | |||
Carrying amount of land | 1,065 | |||
Carrying amount of buildings and improvements | 5,355 | |||
Carrying amount of land and buildings and improvements, Total | 6,420 | |||
Accumulated Depreciation | $ (1,039) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dado Distribution | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,194 | |||
Building and Improvements | 11,079 | |||
Costs capitalized subsequent to acquisition | 276 | |||
Carrying amount of land | 2,194 | |||
Carrying amount of buildings and improvements | 11,355 | |||
Carrying amount of land and buildings and improvements, Total | 13,549 | |||
Accumulated Depreciation | $ (2,397) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Doolittle Distribution Center | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,843 | |||
Building and Improvements | 18,849 | |||
Costs capitalized subsequent to acquisition | 1,138 | |||
Carrying amount of land | 2,843 | |||
Carrying amount of buildings and improvements | 19,987 | |||
Carrying amount of land and buildings and improvements, Total | 22,830 | |||
Accumulated Depreciation | $ (3,447) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dowe Industrial Center | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 5,884 | |||
Building and Improvements | 20,400 | |||
Costs capitalized subsequent to acquisition | 879 | |||
Carrying amount of land | 5,884 | |||
Carrying amount of buildings and improvements | 21,279 | |||
Carrying amount of land and buildings and improvements, Total | 27,163 | |||
Accumulated Depreciation | $ (4,356) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dublin Industrial Portfolio [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,241 | |||
Building and Improvements | 15,951 | |||
Costs capitalized subsequent to acquisition | 1,071 | |||
Carrying amount of land | 3,241 | |||
Carrying amount of buildings and improvements | 17,022 | |||
Carrying amount of land and buildings and improvements, Total | 20,263 | |||
Accumulated Depreciation | $ (2,788) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | East Bay Doolittle [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,015 | |||
Building and Improvements | 15,988 | |||
Costs capitalized subsequent to acquisition | 1,718 | |||
Carrying amount of land | 4,015 | |||
Carrying amount of buildings and improvements | 17,706 | |||
Carrying amount of land and buildings and improvements, Total | 21,721 | |||
Accumulated Depreciation | $ (3,832) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | East Grand Airfreight [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 13,858 | |||
Building and Improvements | 31,627 | |||
Costs capitalized subsequent to acquisition | 1,008 | |||
Carrying amount of land | 13,858 | |||
Carrying amount of buildings and improvements | 32,635 | |||
Carrying amount of land and buildings and improvements, Total | 46,493 | |||
Accumulated Depreciation | $ (2,777) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Edgewater Industrial Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,630 | |||
Building and Improvements | 31,153 | |||
Costs capitalized subsequent to acquisition | 3,321 | |||
Carrying amount of land | 6,630 | |||
Carrying amount of buildings and improvements | 34,474 | |||
Carrying amount of land and buildings and improvements, Total | 41,104 | |||
Accumulated Depreciation | $ (6,864) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Eigenbrodt Way Distribution Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 393 | |||
Building and Improvements | 2,228 | |||
Costs capitalized subsequent to acquisition | 694 | |||
Carrying amount of land | 393 | |||
Carrying amount of buildings and improvements | 2,922 | |||
Carrying amount of land and buildings and improvements, Total | 3,315 | |||
Accumulated Depreciation | $ (2,153) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Gateway Corporate Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 6,736 | |||
Building and Improvements | 24,747 | |||
Costs capitalized subsequent to acquisition | 11,274 | |||
Carrying amount of land | 6,744 | |||
Carrying amount of buildings and improvements | 36,013 | |||
Carrying amount of land and buildings and improvements, Total | 42,757 | |||
Accumulated Depreciation | $ (25,190) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hayward Commerce Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 1,933 | |||
Building and Improvements | 10,955 | |||
Costs capitalized subsequent to acquisition | 3,783 | |||
Carrying amount of land | 1,933 | |||
Carrying amount of buildings and improvements | 14,738 | |||
Carrying amount of land and buildings and improvements, Total | 16,671 | |||
Accumulated Depreciation | $ (10,791) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hayward Commerce Park [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 7,131 | |||
Building and Improvements | 10,519 | |||
Costs capitalized subsequent to acquisition | 687 | |||
Carrying amount of land | 7,131 | |||
Carrying amount of buildings and improvements | 11,206 | |||
Carrying amount of land and buildings and improvements, Total | 18,337 | |||
Accumulated Depreciation | $ (682) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hayward Distribution Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 831 | |||
Building and Improvements | 5,510 | |||
Costs capitalized subsequent to acquisition | 3,442 | |||
Carrying amount of land | 1,038 | |||
Carrying amount of buildings and improvements | 8,745 | |||
Carrying amount of land and buildings and improvements, Total | 9,783 | |||
Accumulated Depreciation | $ (6,727) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hayward Industrial Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 20 | |||
Land | $ 13,535 | |||
Building and Improvements | 48,573 | |||
Costs capitalized subsequent to acquisition | 11,915 | |||
Carrying amount of land | 13,535 | |||
Carrying amount of buildings and improvements | 60,488 | |||
Carrying amount of land and buildings and improvements, Total | 74,023 | |||
Accumulated Depreciation | $ (26,067) | |||
Date of Construction/ Acquisition | 1993, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Junction Industrial Park [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 7,658 | |||
Building and Improvements | 39,106 | |||
Costs capitalized subsequent to acquisition | 1,975 | |||
Carrying amount of land | 7,658 | |||
Carrying amount of buildings and improvements | 41,081 | |||
Carrying amount of land and buildings and improvements, Total | 48,739 | |||
Accumulated Depreciation | $ (6,727) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Lakeside BC [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,969 | |||
Building and Improvements | 11,181 | |||
Costs capitalized subsequent to acquisition | 2,479 | |||
Carrying amount of land | 3,969 | |||
Carrying amount of buildings and improvements | 13,660 | |||
Carrying amount of land and buildings and improvements, Total | 17,629 | |||
Accumulated Depreciation | $ (1,682) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Laurelwood Drive [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 18,709 | |||
Building and Improvements | 34,925 | |||
Costs capitalized subsequent to acquisition | 514 | |||
Carrying amount of land | 18,709 | |||
Carrying amount of buildings and improvements | 35,439 | |||
Carrying amount of land and buildings and improvements, Total | 54,148 | |||
Accumulated Depreciation | $ (2,770) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Lawrence SSF [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,189 | |||
Building and Improvements | 7,498 | |||
Costs capitalized subsequent to acquisition | 298 | |||
Carrying amount of land | 2,189 | |||
Carrying amount of buildings and improvements | 7,796 | |||
Carrying amount of land and buildings and improvements, Total | 9,985 | |||
Accumulated Depreciation | $ (1,471) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Livermore Distribution Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 8,992 | |||
Building and Improvements | 26,976 | |||
Costs capitalized subsequent to acquisition | 2,480 | |||
Carrying amount of land | 8,992 | |||
Carrying amount of buildings and improvements | 29,456 | |||
Carrying amount of land and buildings and improvements, Total | 38,448 | |||
Accumulated Depreciation | $ (10,844) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Martin Scott Industrial Port | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,546 | |||
Building and Improvements | 9,717 | |||
Costs capitalized subsequent to acquisition | 460 | |||
Carrying amount of land | 3,546 | |||
Carrying amount of buildings and improvements | 10,177 | |||
Carrying amount of land and buildings and improvements, Total | 13,723 | |||
Accumulated Depreciation | $ (2,018) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Oakland Industrial Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 8,234 | |||
Building and Improvements | 24,704 | |||
Costs capitalized subsequent to acquisition | 2,569 | |||
Carrying amount of land | 8,235 | |||
Carrying amount of buildings and improvements | 27,272 | |||
Carrying amount of land and buildings and improvements, Total | 35,507 | |||
Accumulated Depreciation | $ (9,553) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Overlook Distribution Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,573 | |||
Building and Improvements | 8,915 | |||
Costs capitalized subsequent to acquisition | 2,576 | |||
Carrying amount of land | 1,573 | |||
Carrying amount of buildings and improvements | 11,491 | |||
Carrying amount of land and buildings and improvements, Total | 13,064 | |||
Accumulated Depreciation | $ (5,404) | |||
Date of Construction/ Acquisition | 1,999 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pacific Bus Ctr [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 6,075 | |||
Building and Improvements | 26,260 | |||
Costs capitalized subsequent to acquisition | 3,934 | |||
Carrying amount of land | 6,075 | |||
Carrying amount of buildings and improvements | 30,194 | |||
Carrying amount of land and buildings and improvements, Total | 36,269 | |||
Accumulated Depreciation | $ (5,599) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pacific Bus Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 5 | |||
Land | $ 20,810 | |||
Building and Improvements | 32,169 | |||
Costs capitalized subsequent to acquisition | 2,356 | |||
Carrying amount of land | 20,810 | |||
Carrying amount of buildings and improvements | 34,525 | |||
Carrying amount of land and buildings and improvements, Total | 55,335 | |||
Accumulated Depreciation | $ (4,788) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pacific Commons Industrial Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 25,784 | |||
Building and Improvements | 77,594 | |||
Costs capitalized subsequent to acquisition | 2,191 | |||
Carrying amount of land | 25,805 | |||
Carrying amount of buildings and improvements | 79,764 | |||
Carrying amount of land and buildings and improvements, Total | 105,569 | |||
Accumulated Depreciation | $ (28,056) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pacific Industrial Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 21,675 | |||
Building and Improvements | 65,083 | |||
Costs capitalized subsequent to acquisition | 4,977 | |||
Carrying amount of land | 21,675 | |||
Carrying amount of buildings and improvements | 70,060 | |||
Carrying amount of land and buildings and improvements, Total | 91,735 | |||
Accumulated Depreciation | $ (24,542) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | San Francisco Industrial Park [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 17,508 | |||
Building and Improvements | 32,516 | |||
Costs capitalized subsequent to acquisition | 25 | |||
Carrying amount of land | 17,508 | |||
Carrying amount of buildings and improvements | 32,541 | |||
Carrying amount of land and buildings and improvements, Total | 50,049 | |||
Accumulated Depreciation | $ (1) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | San Leandro Distribution Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 28,264 | |||
Building and Improvements | 44,507 | |||
Costs capitalized subsequent to acquisition | 3,822 | |||
Carrying amount of land | 28,265 | |||
Carrying amount of buildings and improvements | 48,328 | |||
Carrying amount of land and buildings and improvements, Total | 76,593 | |||
Accumulated Depreciation | $ (9,169) | |||
Date of Construction/ Acquisition | 1993, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Shoreline Business Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 4,328 | |||
Building and Improvements | 16,101 | |||
Costs capitalized subsequent to acquisition | 6,641 | |||
Carrying amount of land | 4,328 | |||
Carrying amount of buildings and improvements | 22,742 | |||
Carrying amount of land and buildings and improvements, Total | 27,070 | |||
Accumulated Depreciation | $ (15,430) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Silicon Valley R and D [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,262 | |||
Building and Improvements | 5,259 | |||
Costs capitalized subsequent to acquisition | 587 | |||
Carrying amount of land | 1,262 | |||
Carrying amount of buildings and improvements | 5,846 | |||
Carrying amount of land and buildings and improvements, Total | 7,108 | |||
Accumulated Depreciation | $ (933) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Bay Brokaw [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 4,014 | |||
Building and Improvements | 23,296 | |||
Costs capitalized subsequent to acquisition | 1,754 | |||
Carrying amount of land | 4,014 | |||
Carrying amount of buildings and improvements | 25,050 | |||
Carrying amount of land and buildings and improvements, Total | 29,064 | |||
Accumulated Depreciation | $ (4,106) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Bay Junction [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,662 | |||
Building and Improvements | 21,120 | |||
Costs capitalized subsequent to acquisition | 1,866 | |||
Carrying amount of land | 3,662 | |||
Carrying amount of buildings and improvements | 22,986 | |||
Carrying amount of land and buildings and improvements, Total | 26,648 | |||
Accumulated Depreciation | $ (3,742) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Bay Lundy [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 6,500 | |||
Building and Improvements | 33,642 | |||
Costs capitalized subsequent to acquisition | 2,577 | |||
Carrying amount of land | 6,500 | |||
Carrying amount of buildings and improvements | 36,219 | |||
Carrying amount of land and buildings and improvements, Total | 42,719 | |||
Accumulated Depreciation | $ (6,328) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Spinnaker Business Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 12 | |||
Land | $ 7,043 | |||
Building and Improvements | 25,220 | |||
Costs capitalized subsequent to acquisition | 12,206 | |||
Carrying amount of land | 7,043 | |||
Carrying amount of buildings and improvements | 37,426 | |||
Carrying amount of land and buildings and improvements, Total | 44,469 | |||
Accumulated Depreciation | $ (25,616) | |||
Date of Construction/ Acquisition | 1,993 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Thornton Business Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 8,802 | |||
Building and Improvements | 27,614 | |||
Costs capitalized subsequent to acquisition | 4,704 | |||
Carrying amount of land | 8,821 | |||
Carrying amount of buildings and improvements | 32,299 | |||
Carrying amount of land and buildings and improvements, Total | 41,120 | |||
Accumulated Depreciation | $ (11,524) | |||
Date of Construction/ Acquisition | 1993, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | TriPoint Bus Park [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 9,057 | |||
Building and Improvements | 23,727 | |||
Costs capitalized subsequent to acquisition | 4,736 | |||
Carrying amount of land | 9,057 | |||
Carrying amount of buildings and improvements | 28,463 | |||
Carrying amount of land and buildings and improvements, Total | 37,520 | |||
Accumulated Depreciation | $ (4,334) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Utah Airfreight [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 10,657 | |||
Building and Improvements | 42,842 | |||
Costs capitalized subsequent to acquisition | 2,133 | |||
Carrying amount of land | 10,657 | |||
Carrying amount of buildings and improvements | 44,975 | |||
Carrying amount of land and buildings and improvements, Total | 55,632 | |||
Accumulated Depreciation | $ (7,443) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Wiegman Road [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 6,658 | |||
Building and Improvements | 21,558 | |||
Costs capitalized subsequent to acquisition | 436 | |||
Carrying amount of land | 6,658 | |||
Carrying amount of buildings and improvements | 21,994 | |||
Carrying amount of land and buildings and improvements, Total | 28,652 | |||
Accumulated Depreciation | $ (2,082) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Yosemite Drive [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 31,304 | |||
Building and Improvements | 65,674 | |||
Costs capitalized subsequent to acquisition | 289 | |||
Carrying amount of land | 31,304 | |||
Carrying amount of buildings and improvements | 65,963 | |||
Carrying amount of land and buildings and improvements, Total | 97,267 | |||
Accumulated Depreciation | $ (2,218) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Zanker-Charcot Industrial [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 4,867 | |||
Building and Improvements | 28,750 | |||
Costs capitalized subsequent to acquisition | 1,474 | |||
Carrying amount of land | 4,867 | |||
Carrying amount of buildings and improvements | 30,224 | |||
Carrying amount of land and buildings and improvements, Total | 35,091 | |||
Accumulated Depreciation | $ (5,014) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Morgan Business Center [Member] | Savannah, Georgia [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,161 | |||
Building and Improvements | 14,680 | |||
Costs capitalized subsequent to acquisition | 1,235 | |||
Carrying amount of land | 2,161 | |||
Carrying amount of buildings and improvements | 15,915 | |||
Carrying amount of land and buildings and improvements, Total | 18,076 | |||
Accumulated Depreciation | $ (2,227) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Auburn Distribution Center [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,608 | |||
Building and Improvements | 5,742 | |||
Carrying amount of land | 2,608 | |||
Carrying amount of buildings and improvements | 5,742 | |||
Carrying amount of land and buildings and improvements, Total | 8,350 | |||
Accumulated Depreciation | $ (40) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | East Valley Warehouse [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 10,472 | |||
Building and Improvements | 57,825 | |||
Costs capitalized subsequent to acquisition | 1,024 | |||
Carrying amount of land | 10,472 | |||
Carrying amount of buildings and improvements | 58,849 | |||
Carrying amount of land and buildings and improvements, Total | 69,321 | |||
Accumulated Depreciation | $ (8,684) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Fife Distribution Center [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,245 | |||
Costs capitalized subsequent to acquisition | 13,734 | |||
Carrying amount of land | 3,588 | |||
Carrying amount of buildings and improvements | 13,391 | |||
Carrying amount of land and buildings and improvements, Total | 16,979 | |||
Accumulated Depreciation | $ (760) | |||
Date of Construction/ Acquisition | 2,013 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Harvest Business Park [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 3,541 | |||
Building and Improvements | 18,827 | |||
Costs capitalized subsequent to acquisition | 956 | |||
Carrying amount of land | 3,541 | |||
Carrying amount of buildings and improvements | 19,783 | |||
Carrying amount of land and buildings and improvements, Total | 23,324 | |||
Accumulated Depreciation | $ (3,243) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Interurban Distribution Center [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 7,233 | |||
Building and Improvements | 13,958 | |||
Costs capitalized subsequent to acquisition | 2 | |||
Carrying amount of land | 7,233 | |||
Carrying amount of buildings and improvements | 13,960 | |||
Carrying amount of land and buildings and improvements, Total | 21,193 | |||
Accumulated Depreciation | $ (588) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kent Centre Corporate Park [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 5,397 | |||
Building and Improvements | 21,599 | |||
Costs capitalized subsequent to acquisition | 1,122 | |||
Carrying amount of land | 5,397 | |||
Carrying amount of buildings and improvements | 22,721 | |||
Carrying amount of land and buildings and improvements, Total | 28,118 | |||
Accumulated Depreciation | $ (3,689) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kent Corporate Center | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 12,616 | |||
Building and Improvements | 8,368 | |||
Costs capitalized subsequent to acquisition | 140 | |||
Carrying amount of land | 12,616 | |||
Carrying amount of buildings and improvements | 8,508 | |||
Carrying amount of land and buildings and improvements, Total | 21,124 | |||
Accumulated Depreciation | $ (205) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kent-Northwest Corporate Park [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 18 | |||
Land | $ 71,768 | |||
Building and Improvements | 139,886 | |||
Costs capitalized subsequent to acquisition | 968 | |||
Carrying amount of land | 71,768 | |||
Carrying amount of buildings and improvements | 140,854 | |||
Carrying amount of land and buildings and improvements, Total | 212,622 | |||
Accumulated Depreciation | $ (3,650) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kingsport Industrial Park [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 7 | |||
Land | $ 16,605 | |||
Building and Improvements | 48,942 | |||
Costs capitalized subsequent to acquisition | 2,565 | |||
Carrying amount of land | 16,800 | |||
Carrying amount of buildings and improvements | 51,312 | |||
Carrying amount of land and buildings and improvements, Total | 68,112 | |||
Accumulated Depreciation | $ (11,160) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Northwest Distribution Center [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 5,114 | |||
Building and Improvements | 24,090 | |||
Costs capitalized subsequent to acquisition | 1,748 | |||
Carrying amount of land | 5,114 | |||
Carrying amount of buildings and improvements | 25,838 | |||
Carrying amount of land and buildings and improvements, Total | 30,952 | |||
Accumulated Depreciation | $ (4,346) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Occidental Distribution Center [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,770 | |||
Building and Improvements | 1,960 | |||
Carrying amount of land | 1,770 | |||
Carrying amount of buildings and improvements | 1,960 | |||
Carrying amount of land and buildings and improvements, Total | 3,730 | |||
Accumulated Depreciation | $ (4) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Portside Distribution Cent [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 19,114 | |||
Building and Improvements | 44,598 | |||
Costs capitalized subsequent to acquisition | 1,622 | |||
Carrying amount of land | 20,514 | |||
Carrying amount of buildings and improvements | 44,820 | |||
Carrying amount of land and buildings and improvements, Total | 65,334 | |||
Accumulated Depreciation | $ (1,147) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Prologis Park SeaTac [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 12,230 | |||
Building and Improvements | 14,170 | |||
Costs capitalized subsequent to acquisition | 3,460 | |||
Carrying amount of land | 12,457 | |||
Carrying amount of buildings and improvements | 17,403 | |||
Carrying amount of land and buildings and improvements, Total | 29,860 | |||
Accumulated Depreciation | $ (3,770) | |||
Date of Construction/ Acquisition | 2,008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Puget Sound Airfreight [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,408 | |||
Building and Improvements | 4,201 | |||
Costs capitalized subsequent to acquisition | 371 | |||
Carrying amount of land | 1,408 | |||
Carrying amount of buildings and improvements | 4,572 | |||
Carrying amount of land and buildings and improvements, Total | 5,980 | |||
Accumulated Depreciation | $ (745) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Renton Northwest Corp. Park [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 5,102 | |||
Building and Improvements | 17,946 | |||
Costs capitalized subsequent to acquisition | 919 | |||
Carrying amount of land | 5,102 | |||
Carrying amount of buildings and improvements | 18,865 | |||
Carrying amount of land and buildings and improvements, Total | 23,967 | |||
Accumulated Depreciation | $ (3,619) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | SEA Cargo Center North [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Building and Improvements | $ 10,279 | |||
Costs capitalized subsequent to acquisition | 63 | |||
Carrying amount of buildings and improvements | 10,342 | |||
Carrying amount of land and buildings and improvements, Total | 10,342 | |||
Accumulated Depreciation | $ (7,262) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sumner Landing [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 10,332 | |||
Building and Improvements | 32,545 | |||
Costs capitalized subsequent to acquisition | 767 | |||
Carrying amount of land | 10,332 | |||
Carrying amount of buildings and improvements | 33,312 | |||
Carrying amount of land and buildings and improvements, Total | 43,644 | |||
Accumulated Depreciation | $ (4,390) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Van Doren's Distribution Center [Member] | Seattle, Washington [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,166 | |||
Building and Improvements | 7,339 | |||
Costs capitalized subsequent to acquisition | 7 | |||
Carrying amount of land | 3,166 | |||
Carrying amount of buildings and improvements | 7,346 | |||
Carrying amount of land and buildings and improvements, Total | 10,512 | |||
Accumulated Depreciation | $ (322) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Airport West Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,253 | |||
Building and Improvements | 3,825 | |||
Costs capitalized subsequent to acquisition | 4,109 | |||
Carrying amount of land | 1,974 | |||
Carrying amount of buildings and improvements | 7,213 | |||
Carrying amount of land and buildings and improvements, Total | 9,187 | |||
Accumulated Depreciation | $ (3,980) | |||
Date of Construction/ Acquisition | 1995, 1998 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Arvida Park of Commerce [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 9,527 | |||
Building and Improvements | 11,743 | |||
Costs capitalized subsequent to acquisition | 34 | |||
Carrying amount of land | 9,527 | |||
Carrying amount of buildings and improvements | 11,777 | |||
Carrying amount of land and buildings and improvements, Total | 21,304 | |||
Accumulated Depreciation | $ (356) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Beacon Centre [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 18 | |||
Land | $ 37,998 | |||
Building and Improvements | 196,004 | |||
Costs capitalized subsequent to acquisition | 12,768 | |||
Carrying amount of land | 37,998 | |||
Carrying amount of buildings and improvements | 208,772 | |||
Carrying amount of land and buildings and improvements, Total | 246,770 | |||
Accumulated Depreciation | $ (32,300) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Beacon Industrial Park [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 23,511 | |||
Building and Improvements | 75,424 | |||
Costs capitalized subsequent to acquisition | 3,742 | |||
Carrying amount of land | 23,511 | |||
Carrying amount of buildings and improvements | 79,166 | |||
Carrying amount of land and buildings and improvements, Total | 102,677 | |||
Accumulated Depreciation | $ (11,547) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Beacon Lakes [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 32,658 | |||
Building and Improvements | 24,691 | |||
Costs capitalized subsequent to acquisition | 37,778 | |||
Carrying amount of land | 32,658 | |||
Carrying amount of buildings and improvements | 62,469 | |||
Carrying amount of land and buildings and improvements, Total | 95,127 | |||
Accumulated Depreciation | $ (1,675) | |||
Date of Construction/ Acquisition | 2012, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Blue Lagoon Business Park [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 9,189 | |||
Building and Improvements | 29,451 | |||
Costs capitalized subsequent to acquisition | 1,636 | |||
Carrying amount of land | 9,189 | |||
Carrying amount of buildings and improvements | 31,087 | |||
Carrying amount of land and buildings and improvements, Total | 40,276 | |||
Accumulated Depreciation | $ (5,205) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | CenterPort Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 8,802 | |||
Building and Improvements | 22,504 | |||
Costs capitalized subsequent to acquisition | 3,445 | |||
Carrying amount of land | 8,922 | |||
Carrying amount of buildings and improvements | 25,829 | |||
Carrying amount of land and buildings and improvements, Total | 34,751 | |||
Accumulated Depreciation | $ (9,564) | |||
Date of Construction/ Acquisition | 1999, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Commercial Logistics Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 7,938 | |||
Building and Improvements | 11,083 | |||
Costs capitalized subsequent to acquisition | 220 | |||
Carrying amount of land | 7,938 | |||
Carrying amount of buildings and improvements | 11,303 | |||
Carrying amount of land and buildings and improvements, Total | 19,241 | |||
Accumulated Depreciation | $ (352) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Congress Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,266 | |||
Building and Improvements | 5,639 | |||
Costs capitalized subsequent to acquisition | 10 | |||
Carrying amount of land | 2,266 | |||
Carrying amount of buildings and improvements | 5,649 | |||
Carrying amount of land and buildings and improvements, Total | 7,915 | |||
Accumulated Depreciation | $ (150) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Copans Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 504 | |||
Building and Improvements | 2,857 | |||
Costs capitalized subsequent to acquisition | 1,483 | |||
Carrying amount of land | 504 | |||
Carrying amount of buildings and improvements | 4,340 | |||
Carrying amount of land and buildings and improvements, Total | 4,844 | |||
Accumulated Depreciation | $ (2,321) | |||
Date of Construction/ Acquisition | 1997, 1998 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Delray Beach Commerce Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,765 | |||
Building and Improvements | 1,236 | |||
Costs capitalized subsequent to acquisition | 75 | |||
Carrying amount of land | 1,765 | |||
Carrying amount of buildings and improvements | 1,311 | |||
Carrying amount of land and buildings and improvements, Total | 3,076 | |||
Accumulated Depreciation | $ (64) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dolphin Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,716 | |||
Building and Improvements | 7,364 | |||
Costs capitalized subsequent to acquisition | 851 | |||
Carrying amount of land | 2,716 | |||
Carrying amount of buildings and improvements | 8,215 | |||
Carrying amount of land and buildings and improvements, Total | 10,931 | |||
Accumulated Depreciation | $ (1,793) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Gateway Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,015 | |||
Building and Improvements | 1,284 | |||
Costs capitalized subsequent to acquisition | 6 | |||
Carrying amount of land | 1,015 | |||
Carrying amount of buildings and improvements | 1,290 | |||
Carrying amount of land and buildings and improvements, Total | 2,305 | |||
Accumulated Depreciation | $ (35) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Hollywood Park Distribution Center | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 13 | |||
Land | $ 16,848 | |||
Building and Improvements | 36,191 | |||
Costs capitalized subsequent to acquisition | 673 | |||
Carrying amount of land | 16,848 | |||
Carrying amount of buildings and improvements | 36,864 | |||
Carrying amount of land and buildings and improvements, Total | 53,712 | |||
Accumulated Depreciation | $ (1,046) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | International Corp Park [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 26,915 | |||
Building and Improvements | 54,436 | |||
Costs capitalized subsequent to acquisition | 2,714 | |||
Carrying amount of land | 26,915 | |||
Carrying amount of buildings and improvements | 57,150 | |||
Carrying amount of land and buildings and improvements, Total | 84,065 | |||
Accumulated Depreciation | $ (4,252) | |||
Date of Construction/ Acquisition | 2010, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Lyons Technology Park [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,988 | |||
Building and Improvements | 3,651 | |||
Costs capitalized subsequent to acquisition | 7 | |||
Carrying amount of land | 1,988 | |||
Carrying amount of buildings and improvements | 3,658 | |||
Carrying amount of land and buildings and improvements, Total | 5,646 | |||
Accumulated Depreciation | $ (102) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Magnolia Park Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,398 | |||
Building and Improvements | 1,613 | |||
Costs capitalized subsequent to acquisition | 30 | |||
Carrying amount of land | 1,398 | |||
Carrying amount of buildings and improvements | 1,643 | |||
Carrying amount of land and buildings and improvements, Total | 3,041 | |||
Accumulated Depreciation | $ (44) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Marlin Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,844 | |||
Building and Improvements | 6,603 | |||
Costs capitalized subsequent to acquisition | 448 | |||
Carrying amount of land | 1,844 | |||
Carrying amount of buildings and improvements | 7,051 | |||
Carrying amount of land and buildings and improvements, Total | 8,895 | |||
Accumulated Depreciation | $ (1,344) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Miami Airport Business Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 11,173 | |||
Building and Improvements | 45,921 | |||
Costs capitalized subsequent to acquisition | 2,180 | |||
Carrying amount of land | 11,173 | |||
Carrying amount of buildings and improvements | 48,101 | |||
Carrying amount of land and buildings and improvements, Total | 59,274 | |||
Accumulated Depreciation | $ (8,522) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | North Andrews Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 11,327 | |||
Building and Improvements | 22,330 | |||
Costs capitalized subsequent to acquisition | 416 | |||
Carrying amount of land | 11,327 | |||
Carrying amount of buildings and improvements | 22,746 | |||
Carrying amount of land and buildings and improvements, Total | 34,073 | |||
Accumulated Depreciation | $ (3,288) | |||
Date of Construction/ Acquisition | 1994, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pompano Beach Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 11,035 | |||
Building and Improvements | 15,136 | |||
Costs capitalized subsequent to acquisition | 3,849 | |||
Carrying amount of land | 11,035 | |||
Carrying amount of buildings and improvements | 18,985 | |||
Carrying amount of land and buildings and improvements, Total | 30,020 | |||
Accumulated Depreciation | $ (3,432) | |||
Date of Construction/ Acquisition | 2,008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pompano Center of Commerce [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 5,171 | |||
Building and Improvements | 13,930 | |||
Costs capitalized subsequent to acquisition | 426 | |||
Carrying amount of land | 5,171 | |||
Carrying amount of buildings and improvements | 14,356 | |||
Carrying amount of land and buildings and improvements, Total | 19,527 | |||
Accumulated Depreciation | $ (2,194) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Port Lauderdale Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 40,927 | |||
Building and Improvements | 73,128 | |||
Costs capitalized subsequent to acquisition | 9,449 | |||
Carrying amount of land | 42,235 | |||
Carrying amount of buildings and improvements | 81,269 | |||
Carrying amount of land and buildings and improvements, Total | 123,504 | |||
Accumulated Depreciation | $ (8,271) | |||
Date of Construction/ Acquisition | 1997, 2012, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Port Lucie West Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,131 | |||
Building and Improvements | 1,412 | |||
Costs capitalized subsequent to acquisition | 41 | |||
Carrying amount of land | 1,131 | |||
Carrying amount of buildings and improvements | 1,453 | |||
Carrying amount of land and buildings and improvements, Total | 2,584 | |||
Accumulated Depreciation | $ (51) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | ProLogis Park I-595 [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,998 | |||
Building and Improvements | 11,326 | |||
Costs capitalized subsequent to acquisition | 1,027 | |||
Carrying amount of land | 1,999 | |||
Carrying amount of buildings and improvements | 12,352 | |||
Carrying amount of land and buildings and improvements, Total | 14,351 | |||
Accumulated Depreciation | $ (5,410) | |||
Date of Construction/ Acquisition | 2,003 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Prospect Park Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 17 | |||
Land | $ 9,896 | |||
Building and Improvements | 16,144 | |||
Costs capitalized subsequent to acquisition | 244 | |||
Carrying amount of land | 9,896 | |||
Carrying amount of buildings and improvements | 16,388 | |||
Carrying amount of land and buildings and improvements, Total | 26,284 | |||
Accumulated Depreciation | $ (535) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sawgrass International Park [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,163 | |||
Building and Improvements | 11,476 | |||
Costs capitalized subsequent to acquisition | 15 | |||
Carrying amount of land | 5,163 | |||
Carrying amount of buildings and improvements | 11,491 | |||
Carrying amount of land and buildings and improvements, Total | 16,654 | |||
Accumulated Depreciation | $ (216) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Seneca Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 16,357 | |||
Building and Improvements | 46,738 | |||
Costs capitalized subsequent to acquisition | 61 | |||
Carrying amount of land | 16,357 | |||
Carrying amount of buildings and improvements | 46,799 | |||
Carrying amount of land and buildings and improvements, Total | 63,156 | |||
Accumulated Depreciation | $ (857) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Dade Commerce Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,791 | |||
Building and Improvements | 147 | |||
Costs capitalized subsequent to acquisition | 1 | |||
Carrying amount of land | 1,791 | |||
Carrying amount of buildings and improvements | 148 | |||
Carrying amount of land and buildings and improvements, Total | 1,939 | |||
Accumulated Depreciation | $ (14) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Sunshine Park Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,822 | |||
Building and Improvements | 4,857 | |||
Costs capitalized subsequent to acquisition | 2 | |||
Carrying amount of land | 2,822 | |||
Carrying amount of buildings and improvements | 4,859 | |||
Carrying amount of land and buildings and improvements, Total | 7,681 | |||
Accumulated Depreciation | $ (140) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tarpon Distribution Center [Member] | South Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,847 | |||
Building and Improvements | 6,451 | |||
Costs capitalized subsequent to acquisition | 249 | |||
Carrying amount of land | 1,847 | |||
Carrying amount of buildings and improvements | 6,700 | |||
Carrying amount of land and buildings and improvements, Total | 8,547 | |||
Accumulated Depreciation | $ (1,484) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Activity Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 10,820 | |||
Building and Improvements | 27,410 | |||
Costs capitalized subsequent to acquisition | 38 | |||
Carrying amount of land | 10,820 | |||
Carrying amount of buildings and improvements | 27,448 | |||
Carrying amount of land and buildings and improvements, Total | 38,268 | |||
Accumulated Depreciation | $ (582) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Anaheim Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 12 | |||
Land | $ 31,086 | |||
Building and Improvements | 57,836 | |||
Costs capitalized subsequent to acquisition | 3,358 | |||
Carrying amount of land | 31,086 | |||
Carrying amount of buildings and improvements | 61,194 | |||
Carrying amount of land and buildings and improvements, Total | 92,280 | |||
Accumulated Depreciation | $ (21,264) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Anaheim Industrial Property [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,096 | |||
Building and Improvements | 10,816 | |||
Costs capitalized subsequent to acquisition | 70 | |||
Carrying amount of land | 5,096 | |||
Carrying amount of buildings and improvements | 10,886 | |||
Carrying amount of land and buildings and improvements, Total | 15,982 | |||
Accumulated Depreciation | $ (1,765) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Arrow Industrial Park [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 4,840 | |||
Building and Improvements | 8,120 | |||
Costs capitalized subsequent to acquisition | 986 | |||
Carrying amount of land | 4,840 | |||
Carrying amount of buildings and improvements | 9,106 | |||
Carrying amount of land and buildings and improvements, Total | 13,946 | |||
Accumulated Depreciation | $ (1,565) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Artesia Industrial [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 26 | |||
Land | $ 163,764 | |||
Building and Improvements | 217,400 | |||
Costs capitalized subsequent to acquisition | 6,123 | |||
Carrying amount of land | 163,764 | |||
Carrying amount of buildings and improvements | 223,523 | |||
Carrying amount of land and buildings and improvements, Total | 387,287 | |||
Accumulated Depreciation | $ (29,381) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bell Ranch Distribution [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 5,539 | |||
Building and Improvements | 23,092 | |||
Costs capitalized subsequent to acquisition | 1,657 | |||
Carrying amount of land | 5,539 | |||
Carrying amount of buildings and improvements | 24,749 | |||
Carrying amount of land and buildings and improvements, Total | 30,288 | |||
Accumulated Depreciation | $ (4,570) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Brea Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,488 | |||
Building and Improvements | 4,062 | |||
Costs capitalized subsequent to acquisition | 395 | |||
Carrying amount of land | 2,488 | |||
Carrying amount of buildings and improvements | 4,457 | |||
Carrying amount of land and buildings and improvements, Total | 6,945 | |||
Accumulated Depreciation | $ (672) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | California Commerce Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 30,127 | |||
Building and Improvements | 52,094 | |||
Costs capitalized subsequent to acquisition | 4,457 | |||
Carrying amount of land | 30,127 | |||
Carrying amount of buildings and improvements | 56,551 | |||
Carrying amount of land and buildings and improvements, Total | 86,678 | |||
Accumulated Depreciation | $ (5,471) | |||
Date of Construction/ Acquisition | 2012, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Carson Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 29,974 | |||
Building and Improvements | 22,483 | |||
Costs capitalized subsequent to acquisition | 17,035 | |||
Carrying amount of land | 29,975 | |||
Carrying amount of buildings and improvements | 39,517 | |||
Carrying amount of land and buildings and improvements, Total | 69,492 | |||
Accumulated Depreciation | $ (2,328) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Carson Industrial [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 844 | |||
Building and Improvements | 2,081 | |||
Costs capitalized subsequent to acquisition | 796 | |||
Carrying amount of land | 844 | |||
Carrying amount of buildings and improvements | 2,877 | |||
Carrying amount of land and buildings and improvements, Total | 3,721 | |||
Accumulated Depreciation | $ (541) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Carson Town Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 11,781 | |||
Building and Improvements | 31,572 | |||
Costs capitalized subsequent to acquisition | 1,071 | |||
Carrying amount of land | 11,781 | |||
Carrying amount of buildings and improvements | 32,643 | |||
Carrying amount of land and buildings and improvements, Total | 44,424 | |||
Accumulated Depreciation | $ (4,824) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | CAT - Kaiser Commercial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,971 | |||
Costs capitalized subsequent to acquisition | 8,816 | |||
Carrying amount of land | 4,972 | |||
Carrying amount of buildings and improvements | 8,815 | |||
Carrying amount of land and buildings and improvements, Total | 13,787 | |||
Accumulated Depreciation | $ (103) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Cedarpointe Industrial Park [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 56,349 | |||
Building and Improvements | 105,792 | |||
Costs capitalized subsequent to acquisition | 715 | |||
Carrying amount of land | 56,349 | |||
Carrying amount of buildings and improvements | 106,507 | |||
Carrying amount of land and buildings and improvements, Total | 162,856 | |||
Accumulated Depreciation | $ (3,970) | |||
Date of Construction/ Acquisition | 2012, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chartwell Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 55,803 | |||
Building and Improvements | 77,135 | |||
Costs capitalized subsequent to acquisition | 2,224 | |||
Carrying amount of land | 55,803 | |||
Carrying amount of buildings and improvements | 79,359 | |||
Carrying amount of land and buildings and improvements, Total | 135,162 | |||
Accumulated Depreciation | $ (4,221) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chatsworth Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 11,713 | |||
Building and Improvements | 17,569 | |||
Costs capitalized subsequent to acquisition | 78 | |||
Carrying amount of land | 11,713 | |||
Carrying amount of buildings and improvements | 17,647 | |||
Carrying amount of land and buildings and improvements, Total | 29,360 | |||
Accumulated Depreciation | $ (442) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Chino Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 850 | |||
Building and Improvements | 1,274 | |||
Costs capitalized subsequent to acquisition | 10 | |||
Carrying amount of land | 850 | |||
Carrying amount of buildings and improvements | 1,284 | |||
Carrying amount of land and buildings and improvements, Total | 2,134 | |||
Accumulated Depreciation | $ (905) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Commerce Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 11,345 | |||
Building and Improvements | 17,653 | |||
Costs capitalized subsequent to acquisition | 2,122 | |||
Carrying amount of land | 11,345 | |||
Carrying amount of buildings and improvements | 19,775 | |||
Carrying amount of land and buildings and improvements, Total | 31,120 | |||
Accumulated Depreciation | $ (2,493) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Crossroads Business Park [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 36,131 | |||
Building and Improvements | 98,030 | |||
Costs capitalized subsequent to acquisition | 135,003 | |||
Carrying amount of land | 89,668 | |||
Carrying amount of buildings and improvements | 179,496 | |||
Carrying amount of land and buildings and improvements, Total | 269,164 | |||
Accumulated Depreciation | $ (39,322) | |||
Date of Construction/ Acquisition | 2005, 2010, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Del Amo Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 7,471 | |||
Building and Improvements | 17,889 | |||
Costs capitalized subsequent to acquisition | 387 | |||
Carrying amount of land | 7,471 | |||
Carrying amount of buildings and improvements | 18,276 | |||
Carrying amount of land and buildings and improvements, Total | 25,747 | |||
Accumulated Depreciation | $ (3,511) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Dominguez North Industrial Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 20,662 | |||
Building and Improvements | 34,382 | |||
Costs capitalized subsequent to acquisition | 4,240 | |||
Carrying amount of land | 20,688 | |||
Carrying amount of buildings and improvements | 38,596 | |||
Carrying amount of land and buildings and improvements, Total | 59,284 | |||
Accumulated Depreciation | $ (7,860) | |||
Date of Construction/ Acquisition | 2007, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Eaves Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 13,914 | |||
Building and Improvements | 31,041 | |||
Costs capitalized subsequent to acquisition | 2,282 | |||
Carrying amount of land | 13,914 | |||
Carrying amount of buildings and improvements | 33,323 | |||
Carrying amount of land and buildings and improvements, Total | 47,237 | |||
Accumulated Depreciation | $ (6,746) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Foothill Business Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 5,254 | |||
Building and Improvements | 8,096 | |||
Costs capitalized subsequent to acquisition | 163 | |||
Carrying amount of land | 5,254 | |||
Carrying amount of buildings and improvements | 8,259 | |||
Carrying amount of land and buildings and improvements, Total | 13,513 | |||
Accumulated Depreciation | $ (1,134) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Ford Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 11 | |||
Land | $ 44,128 | |||
Building and Improvements | 108,125 | |||
Costs capitalized subsequent to acquisition | 3,239 | |||
Carrying amount of land | 44,128 | |||
Carrying amount of buildings and improvements | 111,364 | |||
Carrying amount of land and buildings and improvements, Total | 155,492 | |||
Accumulated Depreciation | $ (17,819) | |||
Date of Construction/ Acquisition | 2011, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Fordyce Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,110 | |||
Building and Improvements | 19,485 | |||
Costs capitalized subsequent to acquisition | 906 | |||
Carrying amount of land | 6,110 | |||
Carrying amount of buildings and improvements | 20,391 | |||
Carrying amount of land and buildings and improvements, Total | 26,501 | |||
Accumulated Depreciation | $ (4,348) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Harris Business Center Alliance II [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 9 | |||
Land | $ 13,134 | |||
Building and Improvements | 66,195 | |||
Costs capitalized subsequent to acquisition | 2,392 | |||
Carrying amount of land | 13,134 | |||
Carrying amount of buildings and improvements | 68,587 | |||
Carrying amount of land and buildings and improvements, Total | 81,721 | |||
Accumulated Depreciation | $ (11,601) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Haven Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 96,975 | |||
Building and Improvements | 73,903 | |||
Costs capitalized subsequent to acquisition | 7,704 | |||
Carrying amount of land | 96,975 | |||
Carrying amount of buildings and improvements | 81,607 | |||
Carrying amount of land and buildings and improvements, Total | 178,582 | |||
Accumulated Depreciation | $ (15,877) | |||
Date of Construction/ Acquisition | 2,008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Huntington Beach Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 14,679 | |||
Building and Improvements | 22,019 | |||
Carrying amount of land | 14,679 | |||
Carrying amount of buildings and improvements | 22,019 | |||
Carrying amount of land and buildings and improvements, Total | 36,698 | |||
Accumulated Depreciation | $ (183) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Industry Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 54,170 | |||
Building and Improvements | 99,434 | |||
Costs capitalized subsequent to acquisition | 6,987 | |||
Carrying amount of land | 54,170 | |||
Carrying amount of buildings and improvements | 106,421 | |||
Carrying amount of land and buildings and improvements, Total | 160,591 | |||
Accumulated Depreciation | $ (35,819) | |||
Date of Construction/ Acquisition | 2005, 2012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Inland Empire Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 43,320 | |||
Building and Improvements | 84,006 | |||
Costs capitalized subsequent to acquisition | 8,212 | |||
Carrying amount of land | 44,100 | |||
Carrying amount of buildings and improvements | 91,438 | |||
Carrying amount of land and buildings and improvements, Total | 135,538 | |||
Accumulated Depreciation | $ (23,714) | |||
Date of Construction/ Acquisition | 2005, 2012, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | International Multifoods [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,700 | |||
Costs capitalized subsequent to acquisition | 10,843 | |||
Carrying amount of land | 4,700 | |||
Carrying amount of buildings and improvements | 10,843 | |||
Carrying amount of land and buildings and improvements, Total | 15,543 | |||
Accumulated Depreciation | $ (1,577) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Jack Northrup Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,280 | |||
Building and Improvements | 9,820 | |||
Carrying amount of land | 4,280 | |||
Carrying amount of buildings and improvements | 9,820 | |||
Carrying amount of land and buildings and improvements, Total | 14,100 | |||
Accumulated Depreciation | $ (189) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Kaiser Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 8 | |||
Land | $ 131,819 | |||
Building and Improvements | 242,618 | |||
Costs capitalized subsequent to acquisition | 20,236 | |||
Carrying amount of land | 136,030 | |||
Carrying amount of buildings and improvements | 258,643 | |||
Carrying amount of land and buildings and improvements, Total | 394,673 | |||
Accumulated Depreciation | $ (84,323) | |||
Date of Construction/ Acquisition | 2005, 2008 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | LAX Cargo Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 3 | |||
Building and Improvements | $ 19,217 | |||
Costs capitalized subsequent to acquisition | 366 | |||
Carrying amount of buildings and improvements | 19,583 | |||
Carrying amount of land and buildings and improvements, Total | 19,583 | |||
Accumulated Depreciation | $ (6,149) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Los Angeles Industrial Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 3,777 | |||
Building and Improvements | 7,015 | |||
Costs capitalized subsequent to acquisition | 378 | |||
Carrying amount of land | 3,777 | |||
Carrying amount of buildings and improvements | 7,393 | |||
Carrying amount of land and buildings and improvements, Total | 11,170 | |||
Accumulated Depreciation | $ (2,701) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Main St Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 13,058 | |||
Building and Improvements | 20,370 | |||
Costs capitalized subsequent to acquisition | 751 | |||
Carrying amount of land | 13,058 | |||
Carrying amount of buildings and improvements | 21,121 | |||
Carrying amount of land and buildings and improvements, Total | 34,179 | |||
Accumulated Depreciation | $ (400) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meridian Park [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 38,270 | |||
Building and Improvements | 70,022 | |||
Costs capitalized subsequent to acquisition | 149 | |||
Carrying amount of land | 38,270 | |||
Carrying amount of buildings and improvements | 70,171 | |||
Carrying amount of land and buildings and improvements, Total | 108,441 | |||
Accumulated Depreciation | $ (7,264) | |||
Date of Construction/ Acquisition | 2008, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mid Counties Industrial Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 19 | |||
Land | $ 62,329 | |||
Building and Improvements | 101,667 | |||
Costs capitalized subsequent to acquisition | 15,800 | |||
Carrying amount of land | 62,329 | |||
Carrying amount of buildings and improvements | 117,467 | |||
Carrying amount of land and buildings and improvements, Total | 179,796 | |||
Accumulated Depreciation | $ (39,490) | |||
Date of Construction/ Acquisition | 2005, 2006, 2010, 2012, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mill Street Dist Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 1,825 | |||
Building and Improvements | 4,306 | |||
Carrying amount of land | 1,825 | |||
Carrying amount of buildings and improvements | 4,306 | |||
Carrying amount of land and buildings and improvements, Total | 6,131 | |||
Accumulated Depreciation | $ (199) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mill Street Specl Dist Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 15,691 | |||
Building and Improvements | 36,550 | |||
Costs capitalized subsequent to acquisition | 138 | |||
Carrying amount of land | 15,691 | |||
Carrying amount of buildings and improvements | 36,688 | |||
Carrying amount of land and buildings and improvements, Total | 52,379 | |||
Accumulated Depreciation | $ (1,638) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Milliken Dist Ctr [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 18,831 | |||
Building and Improvements | 30,811 | |||
Costs capitalized subsequent to acquisition | 233 | |||
Carrying amount of land | 18,831 | |||
Carrying amount of buildings and improvements | 31,044 | |||
Carrying amount of land and buildings and improvements, Total | 49,875 | |||
Accumulated Depreciation | $ (4,672) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Ndp Los Angeles | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 5 | |||
Land | $ 14,855 | |||
Building and Improvements | 41,115 | |||
Costs capitalized subsequent to acquisition | 2,642 | |||
Carrying amount of land | 14,855 | |||
Carrying amount of buildings and improvements | 43,757 | |||
Carrying amount of land and buildings and improvements, Total | 58,612 | |||
Accumulated Depreciation | $ (8,685) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Normandie Industrial | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 12,297 | |||
Building and Improvements | 14,957 | |||
Costs capitalized subsequent to acquisition | 1,686 | |||
Carrying amount of land | 12,297 | |||
Carrying amount of buildings and improvements | 16,643 | |||
Carrying amount of land and buildings and improvements, Total | 28,940 | |||
Accumulated Depreciation | $ (3,522) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | North County Dist Ctr | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 4 | |||
Land | $ 75,581 | |||
Building and Improvements | 101,342 | |||
Costs capitalized subsequent to acquisition | 5,986 | |||
Carrying amount of land | 75,581 | |||
Carrying amount of buildings and improvements | 107,328 | |||
Carrying amount of land and buildings and improvements, Total | 182,909 | |||
Accumulated Depreciation | $ (12,937) | |||
Date of Construction/ Acquisition | 2011, 2012, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Ontario Distribution Center | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 18,823 | |||
Building and Improvements | 29,524 | |||
Costs capitalized subsequent to acquisition | 482 | |||
Carrying amount of land | 18,823 | |||
Carrying amount of buildings and improvements | 30,006 | |||
Carrying amount of land and buildings and improvements, Total | 48,829 | |||
Accumulated Depreciation | $ (4,220) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Orange Industrial Center | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 4,156 | |||
Building and Improvements | 7,836 | |||
Costs capitalized subsequent to acquisition | 349 | |||
Carrying amount of land | 4,157 | |||
Carrying amount of buildings and improvements | 8,184 | |||
Carrying amount of land and buildings and improvements, Total | 12,341 | |||
Accumulated Depreciation | $ (2,866) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pomona Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 22,361 | |||
Building and Improvements | 27,898 | |||
Costs capitalized subsequent to acquisition | 14 | |||
Carrying amount of land | 22,361 | |||
Carrying amount of buildings and improvements | 27,912 | |||
Carrying amount of land and buildings and improvements, Total | 50,273 | |||
Accumulated Depreciation | $ (966) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Prologis Park Ontario | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 25,499 | |||
Building and Improvements | 47,366 | |||
Costs capitalized subsequent to acquisition | 876 | |||
Carrying amount of land | 25,499 | |||
Carrying amount of buildings and improvements | 48,242 | |||
Carrying amount of land and buildings and improvements, Total | 73,741 | |||
Accumulated Depreciation | $ (14,170) | |||
Date of Construction/ Acquisition | 2,007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Rancho Cucamonga Distribution Center | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 6 | |||
Land | $ 58,710 | |||
Building and Improvements | 113,273 | |||
Costs capitalized subsequent to acquisition | 3,638 | |||
Carrying amount of land | 58,711 | |||
Carrying amount of buildings and improvements | 116,910 | |||
Carrying amount of land and buildings and improvements, Total | 175,621 | |||
Accumulated Depreciation | $ (30,925) | |||
Date of Construction/ Acquisition | 2005, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Redlands Commercial Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 20,583 | |||
Building and Improvements | 30,881 | |||
Costs capitalized subsequent to acquisition | 13 | |||
Carrying amount of land | 20,583 | |||
Carrying amount of buildings and improvements | 30,894 | |||
Carrying amount of land and buildings and improvements, Total | 51,477 | |||
Accumulated Depreciation | $ (1,396) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Redlands Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 9 | |||
Land | $ 98,682 | |||
Building and Improvements | 120,920 | |||
Costs capitalized subsequent to acquisition | 104,484 | |||
Carrying amount of land | 102,416 | |||
Carrying amount of buildings and improvements | 221,670 | |||
Carrying amount of land and buildings and improvements, Total | 324,086 | |||
Accumulated Depreciation | $ (24,816) | |||
Date of Construction/ Acquisition | 2006, 2007, 2012, 2013, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Redondo Beach Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 7,455 | |||
Building and Improvements | 11,223 | |||
Carrying amount of land | 7,455 | |||
Carrying amount of buildings and improvements | 11,223 | |||
Carrying amount of land and buildings and improvements, Total | 18,678 | |||
Accumulated Depreciation | $ (358) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Rialto Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 5 | |||
Land | $ 86,270 | |||
Building and Improvements | 200,602 | |||
Costs capitalized subsequent to acquisition | 33,375 | |||
Carrying amount of land | 88,505 | |||
Carrying amount of buildings and improvements | 231,742 | |||
Carrying amount of land and buildings and improvements, Total | 320,247 | |||
Accumulated Depreciation | $ (22,690) | |||
Date of Construction/ Acquisition | 2012, 2014, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Riverbluff Distribution Center | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 42,964 | |||
Costs capitalized subsequent to acquisition | 33,014 | |||
Carrying amount of land | 42,964 | |||
Carrying amount of buildings and improvements | 33,014 | |||
Carrying amount of land and buildings and improvements, Total | 75,978 | |||
Accumulated Depreciation | $ (7,242) | |||
Date of Construction/ Acquisition | 2,009 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Santa Ana Distribution Center | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 3 | |||
Land | $ 27,070 | |||
Building and Improvements | 32,168 | |||
Costs capitalized subsequent to acquisition | 989 | |||
Carrying amount of land | 27,070 | |||
Carrying amount of buildings and improvements | 33,157 | |||
Carrying amount of land and buildings and improvements, Total | 60,227 | |||
Accumulated Depreciation | $ (3,599) | |||
Date of Construction/ Acquisition | 2005, 2015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Santa Fe Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 12,163 | |||
Building and Improvements | 9,927 | |||
Carrying amount of land | 12,163 | |||
Carrying amount of buildings and improvements | 9,927 | |||
Carrying amount of land and buildings and improvements, Total | 22,090 | |||
Accumulated Depreciation | $ (254) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Slover Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 4 | |||
Land | $ 40,335 | |||
Building and Improvements | 45,492 | |||
Costs capitalized subsequent to acquisition | 25 | |||
Carrying amount of land | 40,335 | |||
Carrying amount of buildings and improvements | 45,517 | |||
Carrying amount of land and buildings and improvements, Total | 85,852 | |||
Accumulated Depreciation | $ (889) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Bay Distribution Center | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 4 | |||
Land | $ 14,478 | |||
Building and Improvements | 27,511 | |||
Costs capitalized subsequent to acquisition | 6,757 | |||
Carrying amount of land | 15,280 | |||
Carrying amount of buildings and improvements | 33,466 | |||
Carrying amount of land and buildings and improvements, Total | 48,746 | |||
Accumulated Depreciation | $ (11,278) | |||
Date of Construction/ Acquisition | 2005, 2007 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | South Bay Transport [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 15,928 | |||
Building and Improvements | 23,891 | |||
Carrying amount of land | 15,928 | |||
Carrying amount of buildings and improvements | 23,891 | |||
Carrying amount of land and buildings and improvements, Total | 39,819 | |||
Accumulated Depreciation | $ (25) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Starboard Distribution Ctr | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 18,763 | |||
Building and Improvements | 53,824 | |||
Costs capitalized subsequent to acquisition | 332 | |||
Carrying amount of land | 18,763 | |||
Carrying amount of buildings and improvements | 54,156 | |||
Carrying amount of land and buildings and improvements, Total | 72,919 | |||
Accumulated Depreciation | $ (8,816) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Terra Francesco | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 11,196 | |||
Costs capitalized subsequent to acquisition | 15,591 | |||
Carrying amount of land | 11,196 | |||
Carrying amount of buildings and improvements | 15,591 | |||
Carrying amount of land and buildings and improvements, Total | 26,787 | |||
Accumulated Depreciation | $ (343) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Torrance Distribution Center | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 25,730 | |||
Building and Improvements | 40,414 | |||
Costs capitalized subsequent to acquisition | 349 | |||
Carrying amount of land | 25,730 | |||
Carrying amount of buildings and improvements | 40,763 | |||
Carrying amount of land and buildings and improvements, Total | 66,493 | |||
Accumulated Depreciation | $ (5,719) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Transpark Inland Empire Distribution Center | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 28,936 | |||
Building and Improvements | 42,167 | |||
Costs capitalized subsequent to acquisition | 262 | |||
Carrying amount of land | 28,936 | |||
Carrying amount of buildings and improvements | 42,429 | |||
Carrying amount of land and buildings and improvements, Total | 71,365 | |||
Accumulated Depreciation | $ (1,805) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Van Nuys Airport Industrial | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 4 | |||
Land | $ 23,455 | |||
Building and Improvements | 39,916 | |||
Costs capitalized subsequent to acquisition | 2,642 | |||
Carrying amount of land | 23,455 | |||
Carrying amount of buildings and improvements | 42,558 | |||
Carrying amount of land and buildings and improvements, Total | 66,013 | |||
Accumulated Depreciation | $ (6,626) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Vernon Distribution Center | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 15 | |||
Land | $ 25,439 | |||
Building and Improvements | 47,250 | |||
Costs capitalized subsequent to acquisition | 4,092 | |||
Carrying amount of land | 25,441 | |||
Carrying amount of buildings and improvements | 51,340 | |||
Carrying amount of land and buildings and improvements, Total | 76,781 | |||
Accumulated Depreciation | $ (18,696) | |||
Date of Construction/ Acquisition | 2,005 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Vernon Industrial | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 3,626 | |||
Building and Improvements | 3,319 | |||
Costs capitalized subsequent to acquisition | 692 | |||
Carrying amount of land | 4,121 | |||
Carrying amount of buildings and improvements | 3,516 | |||
Carrying amount of land and buildings and improvements, Total | 7,637 | |||
Accumulated Depreciation | $ (2,672) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Vista Distribution Center | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 4,150 | |||
Building and Improvements | 6,225 | |||
Costs capitalized subsequent to acquisition | 3,514 | |||
Carrying amount of land | 4,150 | |||
Carrying amount of buildings and improvements | 9,739 | |||
Carrying amount of land and buildings and improvements, Total | 13,889 | |||
Accumulated Depreciation | $ (2,406) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Walnut Drive | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 2,665 | |||
Building and Improvements | 7,397 | |||
Costs capitalized subsequent to acquisition | 217 | |||
Carrying amount of land | 2,665 | |||
Carrying amount of buildings and improvements | 7,614 | |||
Carrying amount of land and buildings and improvements, Total | 10,279 | |||
Accumulated Depreciation | $ (1,256) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Watson Industrial Center Afdii | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 6,944 | |||
Building and Improvements | 11,193 | |||
Costs capitalized subsequent to acquisition | 371 | |||
Carrying amount of land | 6,944 | |||
Carrying amount of buildings and improvements | 11,564 | |||
Carrying amount of land and buildings and improvements, Total | 18,508 | |||
Accumulated Depreciation | $ (1,900) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Wilmington Avenue Warehouse | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 11,172 | |||
Building and Improvements | 34,723 | |||
Costs capitalized subsequent to acquisition | 2,423 | |||
Carrying amount of land | 11,172 | |||
Carrying amount of buildings and improvements | 37,146 | |||
Carrying amount of land and buildings and improvements, Total | 48,318 | |||
Accumulated Depreciation | $ (6,101) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Workman Mill Distribution Center [Member] | Southern California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 32,467 | |||
Building and Improvements | 56,672 | |||
Carrying amount of land | 32,467 | |||
Carrying amount of buildings and improvements | 56,672 | |||
Carrying amount of land and buildings and improvements, Total | 89,139 | |||
Accumulated Depreciation | $ (952) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Corporate Center Tampa [Member] | Tampa, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 6 | |||
Land | $ 4,458 | |||
Building and Improvements | 19,166 | |||
Costs capitalized subsequent to acquisition | 322 | |||
Carrying amount of land | 4,458 | |||
Carrying amount of buildings and improvements | 19,488 | |||
Carrying amount of land and buildings and improvements, Total | 23,946 | |||
Accumulated Depreciation | $ (502) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tampa West Distribution Center [Member] | Tampa, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 432 | |||
Building and Improvements | 2,582 | |||
Carrying amount of land | 432 | |||
Carrying amount of buildings and improvements | 2,582 | |||
Carrying amount of land and buildings and improvements, Total | 3,014 | |||
Accumulated Depreciation | $ (100) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Airport Rd Distribution Center [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 21,761 | |||
Building and Improvements | 61,219 | |||
Costs capitalized subsequent to acquisition | 2,048 | |||
Carrying amount of land | 22,743 | |||
Carrying amount of buildings and improvements | 62,285 | |||
Carrying amount of land and buildings and improvements, Total | 85,028 | |||
Accumulated Depreciation | $ (8,397) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Annagem Dist Center | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 2,935 | |||
Building and Improvements | 10,040 | |||
Costs capitalized subsequent to acquisition | 731 | |||
Carrying amount of land | 3,068 | |||
Carrying amount of buildings and improvements | 10,638 | |||
Carrying amount of land and buildings and improvements, Total | 13,706 | |||
Accumulated Depreciation | $ (1,498) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Annagem Distribution Centre II [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 1,652 | |||
Building and Improvements | 4,235 | |||
Costs capitalized subsequent to acquisition | 728 | |||
Carrying amount of land | 1,727 | |||
Carrying amount of buildings and improvements | 4,888 | |||
Carrying amount of land and buildings and improvements, Total | 6,615 | |||
Accumulated Depreciation | $ (757) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Bolton Distribution Center [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 6,651 | |||
Costs capitalized subsequent to acquisition | 20,753 | |||
Carrying amount of land | 6,952 | |||
Carrying amount of buildings and improvements | 20,452 | |||
Carrying amount of land and buildings and improvements, Total | 27,404 | |||
Accumulated Depreciation | $ (3,159) | |||
Date of Construction/ Acquisition | 2,009 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Keele Distribution Center [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 1,034 | |||
Building and Improvements | 4,148 | |||
Costs capitalized subsequent to acquisition | 490 | |||
Carrying amount of land | 1,081 | |||
Carrying amount of buildings and improvements | 4,591 | |||
Carrying amount of land and buildings and improvements, Total | 5,672 | |||
Accumulated Depreciation | $ (928) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Meadowvale Distribution Center [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 30,184 | |||
Costs capitalized subsequent to acquisition | 45,247 | |||
Carrying amount of land | 30,748 | |||
Carrying amount of buildings and improvements | 44,683 | |||
Carrying amount of land and buildings and improvements, Total | 75,431 | |||
Accumulated Depreciation | $ (752) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Millcreek Distribution Center [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 7,200 | |||
Building and Improvements | 27,387 | |||
Costs capitalized subsequent to acquisition | 578 | |||
Carrying amount of land | 7,525 | |||
Carrying amount of buildings and improvements | 27,640 | |||
Carrying amount of land and buildings and improvements, Total | 35,165 | |||
Accumulated Depreciation | $ (3,899) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Milton 401 Business Park [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 5,617 | |||
Building and Improvements | 18,401 | |||
Costs capitalized subsequent to acquisition | 2,954 | |||
Carrying amount of land | 5,870 | |||
Carrying amount of buildings and improvements | 21,102 | |||
Carrying amount of land and buildings and improvements, Total | 26,972 | |||
Accumulated Depreciation | $ (3,478) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Milton 402 Business Park [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 9,213 | |||
Building and Improvements | 31,586 | |||
Costs capitalized subsequent to acquisition | 1,838 | |||
Carrying amount of land | 9,524 | |||
Carrying amount of buildings and improvements | 33,113 | |||
Carrying amount of land and buildings and improvements, Total | 42,637 | |||
Accumulated Depreciation | $ (3,033) | |||
Date of Construction/ Acquisition | 2011, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Milton Crossings Business Park [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 16,405 | |||
Building and Improvements | 39,931 | |||
Costs capitalized subsequent to acquisition | 4,202 | |||
Carrying amount of land | 17,145 | |||
Carrying amount of buildings and improvements | 43,393 | |||
Carrying amount of land and buildings and improvements, Total | 60,538 | |||
Accumulated Depreciation | $ (5,867) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Mississauga Gateway Center [Member] | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 6 | |||
Land | $ 45,243 | |||
Building and Improvements | 104,681 | |||
Costs capitalized subsequent to acquisition | 31 | |||
Carrying amount of land | 45,474 | |||
Carrying amount of buildings and improvements | 104,481 | |||
Carrying amount of land and buildings and improvements, Total | 149,955 | |||
Accumulated Depreciation | $ (5,669) | |||
Date of Construction/ Acquisition | 2008, 2014 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Pearson Logistic Center | Toronto [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 10,466 | |||
Building and Improvements | 37,515 | |||
Costs capitalized subsequent to acquisition | 1,377 | |||
Carrying amount of land | 10,938 | |||
Carrying amount of buildings and improvements | 38,420 | |||
Carrying amount of land and buildings and improvements, Total | 49,358 | |||
Accumulated Depreciation | $ (5,180) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Tapscott Distribution Center [Member] | Toronto [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 4,431 | |||
Costs capitalized subsequent to acquisition | 6,582 | |||
Carrying amount of land | 2,948 | |||
Carrying amount of buildings and improvements | 8,065 | |||
Carrying amount of land and buildings and improvements, Total | $ 11,013 | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | North American Markets [Member] | Parque Opcion [Member] | Guadalajara | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 730 | |||
Building and Improvements | 2,287 | |||
Costs capitalized subsequent to acquisition | 2,132 | |||
Carrying amount of land | 730 | |||
Carrying amount of buildings and improvements | 4,419 | |||
Carrying amount of land and buildings and improvements, Total | 5,149 | |||
Accumulated Depreciation | $ (656) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 32 | |||
Land | $ 97,012 | |||
Building and Improvements | 207,351 | |||
Costs capitalized subsequent to acquisition | 103,230 | |||
Carrying amount of land | 104,687 | |||
Carrying amount of buildings and improvements | 302,906 | |||
Carrying amount of land and buildings and improvements, Total | 407,593 | |||
Accumulated Depreciation | $ (49,213) | |||
Industrial Operating Properties [Member] | European Markets | Austria | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 3,331 | |||
Costs capitalized subsequent to acquisition | 5,616 | |||
Carrying amount of land | 3,667 | |||
Carrying amount of buildings and improvements | 5,280 | |||
Carrying amount of land and buildings and improvements, Total | 8,947 | |||
Accumulated Depreciation | $ (661) | |||
Industrial Operating Properties [Member] | European Markets | Belgium [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 12,260 | |||
Building and Improvements | 16,570 | |||
Costs capitalized subsequent to acquisition | 84 | |||
Carrying amount of land | 12,260 | |||
Carrying amount of buildings and improvements | 16,654 | |||
Carrying amount of land and buildings and improvements, Total | 28,914 | |||
Accumulated Depreciation | $ (2,408) | |||
Industrial Operating Properties [Member] | European Markets | Czech Republic [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 4,755 | |||
Building and Improvements | 12,156 | |||
Costs capitalized subsequent to acquisition | 18,679 | |||
Carrying amount of land | 4,755 | |||
Carrying amount of buildings and improvements | 30,835 | |||
Carrying amount of land and buildings and improvements, Total | 35,590 | |||
Accumulated Depreciation | $ (3,923) | |||
Industrial Operating Properties [Member] | European Markets | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 5 | |||
Land | $ 8,526 | |||
Building and Improvements | 19,253 | |||
Costs capitalized subsequent to acquisition | 19,440 | |||
Carrying amount of land | 8,480 | |||
Carrying amount of buildings and improvements | 38,739 | |||
Carrying amount of land and buildings and improvements, Total | 47,219 | |||
Accumulated Depreciation | $ (5,729) | |||
Industrial Operating Properties [Member] | European Markets | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 5 | |||
Land | $ 13,457 | |||
Building and Improvements | 19,100 | |||
Costs capitalized subsequent to acquisition | 316 | |||
Carrying amount of land | 13,457 | |||
Carrying amount of buildings and improvements | 19,416 | |||
Carrying amount of land and buildings and improvements, Total | 32,873 | |||
Accumulated Depreciation | $ (4,160) | |||
Industrial Operating Properties [Member] | European Markets | Italy [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 4 | |||
Land | $ 20,355 | |||
Building and Improvements | 47,359 | |||
Costs capitalized subsequent to acquisition | 1,516 | |||
Carrying amount of land | 20,355 | |||
Carrying amount of buildings and improvements | 48,875 | |||
Carrying amount of land and buildings and improvements, Total | 69,230 | |||
Accumulated Depreciation | $ (8,920) | |||
Industrial Operating Properties [Member] | European Markets | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 7 | |||
Land | $ 7,157 | |||
Building and Improvements | 26,485 | |||
Costs capitalized subsequent to acquisition | 18,916 | |||
Carrying amount of land | 8,351 | |||
Carrying amount of buildings and improvements | 44,207 | |||
Carrying amount of land and buildings and improvements, Total | 52,558 | |||
Accumulated Depreciation | $ (7,759) | |||
Industrial Operating Properties [Member] | European Markets | Slovakia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 2,174 | |||
Costs capitalized subsequent to acquisition | 11,869 | |||
Carrying amount of land | 2,174 | |||
Carrying amount of buildings and improvements | 11,869 | |||
Carrying amount of land and buildings and improvements, Total | 14,043 | |||
Accumulated Depreciation | $ (1,948) | |||
Industrial Operating Properties [Member] | European Markets | Spain [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 4 | |||
Building and Improvements | $ 35,219 | |||
Costs capitalized subsequent to acquisition | 901 | |||
Carrying amount of buildings and improvements | 36,120 | |||
Carrying amount of land and buildings and improvements, Total | 36,120 | |||
Accumulated Depreciation | $ (6,699) | |||
Industrial Operating Properties [Member] | European Markets | Sweden [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 9,025 | |||
Building and Improvements | 19,731 | |||
Costs capitalized subsequent to acquisition | 2,195 | |||
Carrying amount of land | 9,025 | |||
Carrying amount of buildings and improvements | 21,926 | |||
Carrying amount of land and buildings and improvements, Total | 30,951 | |||
Accumulated Depreciation | $ (5,248) | |||
Industrial Operating Properties [Member] | European Markets | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 15,972 | |||
Building and Improvements | 11,478 | |||
Costs capitalized subsequent to acquisition | 23,698 | |||
Carrying amount of land | 22,163 | |||
Carrying amount of buildings and improvements | 28,985 | |||
Carrying amount of land and buildings and improvements, Total | 51,148 | |||
Accumulated Depreciation | $ (1,758) | |||
Industrial Operating Properties [Member] | European Markets | Boom Distribution Center [Member] | Belgium [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 12,260 | |||
Building and Improvements | 16,570 | |||
Costs capitalized subsequent to acquisition | 84 | |||
Carrying amount of land | 12,260 | |||
Carrying amount of buildings and improvements | 16,654 | |||
Carrying amount of land and buildings and improvements, Total | 28,914 | |||
Accumulated Depreciation | $ (2,408) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Himberg Distribution Center [Member] | Austria | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 3,331 | |||
Costs capitalized subsequent to acquisition | 5,616 | |||
Carrying amount of land | 3,667 | |||
Carrying amount of buildings and improvements | 5,280 | |||
Carrying amount of land and buildings and improvements, Total | 8,947 | |||
Accumulated Depreciation | $ (661) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Prague Rudna Distribution Center | Czech Republic [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 2,333 | |||
Building and Improvements | 12,156 | |||
Costs capitalized subsequent to acquisition | 2,868 | |||
Carrying amount of land | 2,333 | |||
Carrying amount of buildings and improvements | 15,024 | |||
Carrying amount of land and buildings and improvements, Total | 17,357 | |||
Accumulated Depreciation | $ (225) | |||
Date of Construction/ Acquisition | 2,015 | |||
Industrial Operating Properties [Member] | European Markets | Uzice Distribution Center [Member] | Czech Republic [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 2,422 | |||
Costs capitalized subsequent to acquisition | 15,811 | |||
Carrying amount of land | 2,422 | |||
Carrying amount of buildings and improvements | 15,811 | |||
Carrying amount of land and buildings and improvements, Total | 18,233 | |||
Accumulated Depreciation | $ (3,698) | |||
Date of Construction/ Acquisition | 2,007 | |||
Industrial Operating Properties [Member] | European Markets | Bonneuil Distribution Center | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Costs capitalized subsequent to acquisition | $ 14,501 | |||
Carrying amount of buildings and improvements | 14,501 | |||
Carrying amount of land and buildings and improvements, Total | 14,501 | |||
Accumulated Depreciation | $ (1,102) | |||
Date of Construction/ Acquisition | 2,012 | |||
Industrial Operating Properties [Member] | European Markets | Lgr Genevill One Sas | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 2,006 | |||
Building and Improvements | 2,176 | |||
Costs capitalized subsequent to acquisition | 733 | |||
Carrying amount of land | 2,006 | |||
Carrying amount of buildings and improvements | 2,909 | |||
Carrying amount of land and buildings and improvements, Total | 4,915 | |||
Accumulated Depreciation | $ (377) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Lgr Genevill Two Sas | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 1,542 | |||
Building and Improvements | 3,196 | |||
Costs capitalized subsequent to acquisition | 37 | |||
Carrying amount of land | 1,542 | |||
Carrying amount of buildings and improvements | 3,233 | |||
Carrying amount of land and buildings and improvements, Total | 4,775 | |||
Accumulated Depreciation | $ (405) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Moissy Ii Distribution Center | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 4,978 | |||
Costs capitalized subsequent to acquisition | 4,004 | |||
Carrying amount of land | 4,932 | |||
Carrying amount of buildings and improvements | 4,050 | |||
Carrying amount of land and buildings and improvements, Total | 8,982 | |||
Accumulated Depreciation | $ (1,469) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | European Markets | Port of Rouen [Member] | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Building and Improvements | $ 13,881 | |||
Costs capitalized subsequent to acquisition | 165 | |||
Carrying amount of buildings and improvements | 14,046 | |||
Carrying amount of land and buildings and improvements, Total | 14,046 | |||
Accumulated Depreciation | $ (2,376) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Hausbruch Industrial Center 4-B [Member] | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 7,438 | |||
Building and Improvements | 4,837 | |||
Costs capitalized subsequent to acquisition | 219 | |||
Carrying amount of land | 7,438 | |||
Carrying amount of buildings and improvements | 5,056 | |||
Carrying amount of land and buildings and improvements, Total | 12,494 | |||
Accumulated Depreciation | $ (1,800) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Hausbruch Industrial Center 5-650 [Member] | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 2,677 | |||
Building and Improvements | 413 | |||
Costs capitalized subsequent to acquisition | 300 | |||
Carrying amount of land | 2,677 | |||
Carrying amount of buildings and improvements | 713 | |||
Carrying amount of land and buildings and improvements, Total | 3,390 | |||
Accumulated Depreciation | $ (158) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Kolleda Distribution Center [Member] | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 231 | |||
Building and Improvements | 3,564 | |||
Costs capitalized subsequent to acquisition | (285) | |||
Carrying amount of land | 231 | |||
Carrying amount of buildings and improvements | 3,279 | |||
Carrying amount of land and buildings and improvements, Total | 3,510 | |||
Accumulated Depreciation | $ (543) | |||
Date of Construction/ Acquisition | 2,008 | |||
Industrial Operating Properties [Member] | European Markets | Lauenau Distribution Center [Member] | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 2,496 | |||
Building and Improvements | 5,557 | |||
Costs capitalized subsequent to acquisition | 298 | |||
Carrying amount of land | 2,496 | |||
Carrying amount of buildings and improvements | 5,855 | |||
Carrying amount of land and buildings and improvements, Total | 8,351 | |||
Accumulated Depreciation | $ (943) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Meerane Distribution Center [Member] | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 615 | |||
Building and Improvements | 4,729 | |||
Costs capitalized subsequent to acquisition | (216) | |||
Carrying amount of land | 615 | |||
Carrying amount of buildings and improvements | 4,513 | |||
Carrying amount of land and buildings and improvements, Total | 5,128 | |||
Accumulated Depreciation | $ (716) | |||
Date of Construction/ Acquisition | 2,008 | |||
Industrial Operating Properties [Member] | European Markets | Arena Po Distribution Center [Member] | Italy [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 7,420 | |||
Building and Improvements | 20,085 | |||
Costs capitalized subsequent to acquisition | 467 | |||
Carrying amount of land | 7,420 | |||
Carrying amount of buildings and improvements | 20,552 | |||
Carrying amount of land and buildings and improvements, Total | 27,972 | |||
Accumulated Depreciation | $ (4,519) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Castel San Giovanni Distribution Center [Member] | Italy [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 3,084 | |||
Building and Improvements | 9,416 | |||
Costs capitalized subsequent to acquisition | 228 | |||
Carrying amount of land | 3,084 | |||
Carrying amount of buildings and improvements | 9,644 | |||
Carrying amount of land and buildings and improvements, Total | 12,728 | |||
Accumulated Depreciation | $ (1,622) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Siziano Logis Park [Member] | Italy [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 9,851 | |||
Building and Improvements | 17,858 | |||
Costs capitalized subsequent to acquisition | 821 | |||
Carrying amount of land | 9,851 | |||
Carrying amount of buildings and improvements | 18,679 | |||
Carrying amount of land and buildings and improvements, Total | 28,530 | |||
Accumulated Depreciation | $ (2,779) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Nadarzyn Distribution Center [Member] | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 2,252 | |||
Costs capitalized subsequent to acquisition | 7,081 | |||
Carrying amount of land | 2,249 | |||
Carrying amount of buildings and improvements | 7,084 | |||
Carrying amount of land and buildings and improvements, Total | 9,333 | |||
Accumulated Depreciation | $ (1,265) | |||
Date of Construction/ Acquisition | 2,009 | |||
Industrial Operating Properties [Member] | European Markets | Piotrkow II Distribution Center [Member] | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 1,464 | |||
Costs capitalized subsequent to acquisition | 5,008 | |||
Carrying amount of land | 1,441 | |||
Carrying amount of buildings and improvements | 5,031 | |||
Carrying amount of land and buildings and improvements, Total | 6,472 | |||
Accumulated Depreciation | $ (1,028) | |||
Date of Construction/ Acquisition | 2,009 | |||
Industrial Operating Properties [Member] | European Markets | Sochaczew Distribution Center | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 119 | |||
Building and Improvements | 10,578 | |||
Costs capitalized subsequent to acquisition | 1,827 | |||
Carrying amount of land | 772 | |||
Carrying amount of buildings and improvements | 11,752 | |||
Carrying amount of land and buildings and improvements, Total | 12,524 | |||
Accumulated Depreciation | $ (2,558) | |||
Date of Construction/ Acquisition | 2,008 | |||
Industrial Operating Properties [Member] | European Markets | Szczecin Distribution Center [Member] | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 278 | |||
Costs capitalized subsequent to acquisition | 4,032 | |||
Carrying amount of land | 281 | |||
Carrying amount of buildings and improvements | 4,029 | |||
Carrying amount of land and buildings and improvements, Total | 4,310 | |||
Accumulated Depreciation | $ (126) | |||
Date of Construction/ Acquisition | 2,014 | |||
Industrial Operating Properties [Member] | European Markets | Teresin Distribution Center [Member] | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 2 | |||
Land | $ 3,044 | |||
Building and Improvements | 15,907 | |||
Costs capitalized subsequent to acquisition | 968 | |||
Carrying amount of land | 3,608 | |||
Carrying amount of buildings and improvements | 16,311 | |||
Carrying amount of land and buildings and improvements, Total | 19,919 | |||
Accumulated Depreciation | $ (2,782) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Sered Distribution Center [Member] | Slovakia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 2,174 | |||
Costs capitalized subsequent to acquisition | 11,869 | |||
Carrying amount of land | 2,174 | |||
Carrying amount of buildings and improvements | 11,869 | |||
Carrying amount of land and buildings and improvements, Total | 14,043 | |||
Accumulated Depreciation | $ (1,948) | |||
Date of Construction/ Acquisition | 2,009 | |||
Industrial Operating Properties [Member] | European Markets | Barajas MAD Logistics [Member] | Spain [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 4 | |||
Building and Improvements | $ 35,219 | |||
Costs capitalized subsequent to acquisition | 901 | |||
Carrying amount of buildings and improvements | 36,120 | |||
Carrying amount of land and buildings and improvements, Total | 36,120 | |||
Accumulated Depreciation | $ (6,699) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Orebro Distribution Center [Member] | Sweden [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Buildings | 1 | |||
Land | $ 9,025 | |||
Building and Improvements | 19,731 | |||
Costs capitalized subsequent to acquisition | 2,195 | |||
Carrying amount of land | 9,025 | |||
Carrying amount of buildings and improvements | 21,926 | |||
Carrying amount of land and buildings and improvements, Total | 30,951 | |||
Accumulated Depreciation | $ (5,248) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | European Markets | Midpoint Park [Member] | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 15,972 | |||
Building and Improvements | 11,478 | |||
Costs capitalized subsequent to acquisition | 23,698 | |||
Carrying amount of land | 22,163 | |||
Carrying amount of buildings and improvements | 28,985 | |||
Carrying amount of land and buildings and improvements, Total | 51,148 | |||
Accumulated Depreciation | $ (1,758) | |||
Date of Construction/ Acquisition | 2,008 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 17 | |||
Land | $ 50,004 | |||
Building and Improvements | 235,139 | |||
Costs capitalized subsequent to acquisition | 99,541 | |||
Carrying amount of land | 55,793 | |||
Carrying amount of buildings and improvements | 328,891 | |||
Carrying amount of land and buildings and improvements, Total | 384,684 | |||
Accumulated Depreciation | $ (60,769) | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | China [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 14,659 | |||
Building and Improvements | 46,084 | |||
Costs capitalized subsequent to acquisition | 13,467 | |||
Carrying amount of land | 12,984 | |||
Carrying amount of buildings and improvements | 61,226 | |||
Carrying amount of land and buildings and improvements, Total | 74,210 | |||
Accumulated Depreciation | $ (9,684) | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 35,345 | |||
Building and Improvements | 60,396 | |||
Costs capitalized subsequent to acquisition | 83,599 | |||
Carrying amount of land | 42,809 | |||
Carrying amount of buildings and improvements | 136,531 | |||
Carrying amount of land and buildings and improvements, Total | 179,340 | |||
Accumulated Depreciation | $ (23,627) | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Singapore [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Building and Improvements | $ 128,659 | |||
Costs capitalized subsequent to acquisition | 2,475 | |||
Carrying amount of buildings and improvements | 131,134 | |||
Carrying amount of land and buildings and improvements, Total | 131,134 | |||
Accumulated Depreciation | $ (27,458) | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Dalian Industrial Park DC [Member] | China [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,392 | |||
Building and Improvements | 13,704 | |||
Costs capitalized subsequent to acquisition | 86 | |||
Carrying amount of land | 2,247 | |||
Carrying amount of buildings and improvements | 13,935 | |||
Carrying amount of land and buildings and improvements, Total | 16,182 | |||
Accumulated Depreciation | $ (1,780) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Fengxian Logistics Center [Member] | China [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Building and Improvements | $ 12,978 | |||
Costs capitalized subsequent to acquisition | 910 | |||
Carrying amount of buildings and improvements | 13,888 | |||
Carrying amount of land and buildings and improvements, Total | 13,888 | |||
Accumulated Depreciation | $ (4,368) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Jiaxing Distribution Center [Member] | China [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 4 | |||
Land | $ 10,793 | |||
Building and Improvements | 10,464 | |||
Costs capitalized subsequent to acquisition | 12,437 | |||
Carrying amount of land | 9,358 | |||
Carrying amount of buildings and improvements | 24,336 | |||
Carrying amount of land and buildings and improvements, Total | 33,694 | |||
Accumulated Depreciation | $ (2,215) | |||
Date of Construction/ Acquisition | 2011, 2013 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Tianjin Bonded Lp | China [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,474 | |||
Building and Improvements | 8,938 | |||
Costs capitalized subsequent to acquisition | 34 | |||
Carrying amount of land | 1,379 | |||
Carrying amount of buildings and improvements | 9,067 | |||
Carrying amount of land and buildings and improvements, Total | 10,446 | |||
Accumulated Depreciation | $ (1,321) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | ProLogis Park Aichi Distribution Center [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 18,310 | |||
Costs capitalized subsequent to acquisition | 73,995 | |||
Carrying amount of land | 24,533 | |||
Carrying amount of buildings and improvements | 67,772 | |||
Carrying amount of land and buildings and improvements, Total | 92,305 | |||
Accumulated Depreciation | $ (12,235) | |||
Date of Construction/ Acquisition | 2,007 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | ProLogis Park Narita III [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 17,035 | |||
Building and Improvements | 60,396 | |||
Costs capitalized subsequent to acquisition | 9,604 | |||
Carrying amount of land | 18,276 | |||
Carrying amount of buildings and improvements | 68,759 | |||
Carrying amount of land and buildings and improvements, Total | 87,035 | |||
Accumulated Depreciation | $ (11,392) | |||
Date of Construction/ Acquisition | 2,008 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Airport Logistics Center 3 [Member] | Singapore [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Building and Improvements | $ 24,038 | |||
Costs capitalized subsequent to acquisition | 168 | |||
Carrying amount of buildings and improvements | 24,206 | |||
Carrying amount of land and buildings and improvements, Total | 24,206 | |||
Accumulated Depreciation | $ (4,946) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Changi South Distribution Center 1 [Member] | Singapore [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Building and Improvements | $ 39,173 | |||
Costs capitalized subsequent to acquisition | 107 | |||
Carrying amount of buildings and improvements | 39,280 | |||
Carrying amount of land and buildings and improvements, Total | 39,280 | |||
Accumulated Depreciation | $ (7,366) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Changi-North DC 1 [Member] | Singapore [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Building and Improvements | $ 12,961 | |||
Costs capitalized subsequent to acquisition | 1,748 | |||
Carrying amount of buildings and improvements | 14,709 | |||
Carrying amount of land and buildings and improvements, Total | 14,709 | |||
Accumulated Depreciation | $ (2,596) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Singapore Airport Logistic Center 2 [Member] | Singapore [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Building and Improvements | $ 34,807 | |||
Costs capitalized subsequent to acquisition | 198 | |||
Carrying amount of buildings and improvements | 35,005 | |||
Carrying amount of land and buildings and improvements, Total | 35,005 | |||
Accumulated Depreciation | $ (7,180) | |||
Date of Construction/ Acquisition | 2,011 | |||
Industrial Operating Properties [Member] | Asian Markets [Member] | Tuas Distribution Center [Member] | Singapore [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Building and Improvements | $ 17,680 | |||
Costs capitalized subsequent to acquisition | 254 | |||
Carrying amount of buildings and improvements | 17,934 | |||
Carrying amount of land and buildings and improvements, Total | 17,934 | |||
Accumulated Depreciation | $ (5,370) | |||
Date of Construction/ Acquisition | 2,011 | |||
Properties Under Development [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1,963 | |||
Land | $ 6,436,545 | |||
Building and Improvements | 15,151,297 | |||
Costs capitalized subsequent to acquisition | 4,020,806 | |||
Carrying amount of land | 6,538,470 | |||
Carrying amount of buildings and improvements | 19,070,178 | |||
Carrying amount of land and buildings and improvements, Total | 25,608,648 | |||
Accumulated Depreciation | $ (3,207,855) | |||
Properties Under Development [Member] | Total Development Portfolio [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 91 | |||
Land | $ 664,418 | |||
Costs capitalized subsequent to acquisition | 1,208,485 | |||
Carrying amount of land | 664,418 | |||
Carrying amount of buildings and improvements | 1,208,485 | |||
Carrying amount of land and buildings and improvements, Total | $ 1,872,903 | |||
Properties Under Development [Member] | Hungary [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 253 | |||
Carrying amount of land | 253 | |||
Carrying amount of land and buildings and improvements, Total | $ 253 | |||
Properties Under Development [Member] | Hayward Distribution Center [Member] | San Francisco Bay Area, California [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 11,031 | |||
Costs capitalized subsequent to acquisition | 41 | |||
Carrying amount of land | 11,031 | |||
Carrying amount of buildings and improvements | 41 | |||
Carrying amount of land and buildings and improvements, Total | $ 11,072 | |||
Properties Under Development [Member] | Elizabeth Seaport I I | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 37,325 | |||
Costs capitalized subsequent to acquisition | 81 | |||
Carrying amount of land | 37,325 | |||
Carrying amount of buildings and improvements | 81 | |||
Carrying amount of land and buildings and improvements, Total | $ 37,406 | |||
Properties Under Development [Member] | Hegyeshalom Distribution Center | Hungary [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 253 | |||
Carrying amount of land | 253 | |||
Carrying amount of land and buildings and improvements, Total | $ 253 | |||
Properties Under Development [Member] | Fokker Logistics Center | Netherlands [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 15,512 | |||
Costs capitalized subsequent to acquisition | 55 | |||
Carrying amount of land | 15,512 | |||
Carrying amount of buildings and improvements | 55 | |||
Carrying amount of land and buildings and improvements, Total | $ 15,567 | |||
Properties Under Development [Member] | Chorzow Distribution Center | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,758 | |||
Carrying amount of land | 3,758 | |||
Carrying amount of land and buildings and improvements, Total | $ 3,758 | |||
Properties Under Development [Member] | Stockly Park Distribution Center [Member] | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 28,344 | |||
Costs capitalized subsequent to acquisition | 12 | |||
Carrying amount of land | 28,344 | |||
Carrying amount of buildings and improvements | 12 | |||
Carrying amount of land and buildings and improvements, Total | $ 28,356 | |||
Properties Under Development [Member] | North American Markets [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 51 | |||
Land | $ 310,331 | |||
Costs capitalized subsequent to acquisition | 593,033 | |||
Carrying amount of land | 310,331 | |||
Carrying amount of buildings and improvements | 593,033 | |||
Carrying amount of land and buildings and improvements, Total | $ 903,364 | |||
Properties Under Development [Member] | North American Markets [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 9,675 | |||
Costs capitalized subsequent to acquisition | 13,943 | |||
Carrying amount of land | 9,675 | |||
Carrying amount of buildings and improvements | 13,943 | |||
Carrying amount of land and buildings and improvements, Total | $ 23,618 | |||
Properties Under Development [Member] | North American Markets [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 8 | |||
Land | $ 33,967 | |||
Costs capitalized subsequent to acquisition | 30,190 | |||
Carrying amount of land | 33,967 | |||
Carrying amount of buildings and improvements | 30,190 | |||
Carrying amount of land and buildings and improvements, Total | $ 64,157 | |||
Properties Under Development [Member] | North American Markets [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 19,755 | |||
Costs capitalized subsequent to acquisition | 57,939 | |||
Carrying amount of land | 19,755 | |||
Carrying amount of buildings and improvements | 57,939 | |||
Carrying amount of land and buildings and improvements, Total | $ 77,694 | |||
Properties Under Development [Member] | North American Markets [Member] | Charlotte, North Carolina [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 694 | |||
Costs capitalized subsequent to acquisition | 9,462 | |||
Carrying amount of land | 694 | |||
Carrying amount of buildings and improvements | 9,462 | |||
Carrying amount of land and buildings and improvements, Total | $ 10,156 | |||
Properties Under Development [Member] | North American Markets [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,726 | |||
Costs capitalized subsequent to acquisition | 8,063 | |||
Carrying amount of land | 1,726 | |||
Carrying amount of buildings and improvements | 8,063 | |||
Carrying amount of land and buildings and improvements, Total | $ 9,789 | |||
Properties Under Development [Member] | North American Markets [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,676 | |||
Costs capitalized subsequent to acquisition | 16,531 | |||
Carrying amount of land | 2,676 | |||
Carrying amount of buildings and improvements | 16,531 | |||
Carrying amount of land and buildings and improvements, Total | $ 19,207 | |||
Properties Under Development [Member] | North American Markets [Member] | Columbus, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,642 | |||
Costs capitalized subsequent to acquisition | 17,432 | |||
Carrying amount of land | 3,642 | |||
Carrying amount of buildings and improvements | 17,432 | |||
Carrying amount of land and buildings and improvements, Total | $ 21,074 | |||
Properties Under Development [Member] | North American Markets [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 36,872 | |||
Costs capitalized subsequent to acquisition | 107,587 | |||
Carrying amount of land | 36,872 | |||
Carrying amount of buildings and improvements | 107,587 | |||
Carrying amount of land and buildings and improvements, Total | $ 144,459 | |||
Properties Under Development [Member] | North American Markets [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,493 | |||
Costs capitalized subsequent to acquisition | 10,599 | |||
Carrying amount of land | 2,493 | |||
Carrying amount of buildings and improvements | 10,599 | |||
Carrying amount of land and buildings and improvements, Total | $ 13,092 | |||
Properties Under Development [Member] | North American Markets [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,246 | |||
Costs capitalized subsequent to acquisition | 9,723 | |||
Carrying amount of land | 1,246 | |||
Carrying amount of buildings and improvements | 9,723 | |||
Carrying amount of land and buildings and improvements, Total | $ 10,969 | |||
Properties Under Development [Member] | North American Markets [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 10,157 | |||
Costs capitalized subsequent to acquisition | 6,700 | |||
Carrying amount of land | 10,157 | |||
Carrying amount of buildings and improvements | 6,700 | |||
Carrying amount of land and buildings and improvements, Total | $ 16,857 | |||
Properties Under Development [Member] | North American Markets [Member] | Nashville, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,746 | |||
Costs capitalized subsequent to acquisition | 8,900 | |||
Carrying amount of land | 3,746 | |||
Carrying amount of buildings and improvements | 8,900 | |||
Carrying amount of land and buildings and improvements, Total | $ 12,646 | |||
Properties Under Development [Member] | North American Markets [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 7,012 | |||
Costs capitalized subsequent to acquisition | 7,549 | |||
Carrying amount of land | 7,012 | |||
Carrying amount of buildings and improvements | 7,549 | |||
Carrying amount of land and buildings and improvements, Total | $ 14,561 | |||
Properties Under Development [Member] | North American Markets [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,740 | |||
Costs capitalized subsequent to acquisition | 31,067 | |||
Carrying amount of land | 1,740 | |||
Carrying amount of buildings and improvements | 31,067 | |||
Carrying amount of land and buildings and improvements, Total | $ 32,807 | |||
Properties Under Development [Member] | North American Markets [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,173 | |||
Costs capitalized subsequent to acquisition | 6,736 | |||
Carrying amount of land | 2,173 | |||
Carrying amount of buildings and improvements | 6,736 | |||
Carrying amount of land and buildings and improvements, Total | $ 8,909 | |||
Properties Under Development [Member] | North American Markets [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 40,450 | |||
Costs capitalized subsequent to acquisition | 44,006 | |||
Carrying amount of land | 40,450 | |||
Carrying amount of buildings and improvements | 44,006 | |||
Carrying amount of land and buildings and improvements, Total | $ 84,456 | |||
Properties Under Development [Member] | North American Markets [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 57,795 | |||
Costs capitalized subsequent to acquisition | 117,174 | |||
Carrying amount of land | 57,795 | |||
Carrying amount of buildings and improvements | 117,174 | |||
Carrying amount of land and buildings and improvements, Total | $ 174,969 | |||
Properties Under Development [Member] | North American Markets [Member] | Central Valley, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 6,577 | |||
Costs capitalized subsequent to acquisition | 45,756 | |||
Carrying amount of land | 6,577 | |||
Carrying amount of buildings and improvements | 45,756 | |||
Carrying amount of land and buildings and improvements, Total | $ 52,333 | |||
Properties Under Development [Member] | North American Markets [Member] | New Jersey [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 67,935 | |||
Costs capitalized subsequent to acquisition | 43,676 | |||
Carrying amount of land | 67,935 | |||
Carrying amount of buildings and improvements | 43,676 | |||
Carrying amount of land and buildings and improvements, Total | $ 111,611 | |||
Properties Under Development [Member] | North American Markets [Member] | Carlisle Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 14,030 | |||
Costs capitalized subsequent to acquisition | 36,256 | |||
Carrying amount of land | 14,030 | |||
Carrying amount of buildings and improvements | 36,256 | |||
Carrying amount of land and buildings and improvements, Total | $ 50,286 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | North American Markets [Member] | Lehigh Valley Distribution Center [Member] | Central & Eastern, Pennsylvania [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,725 | |||
Costs capitalized subsequent to acquisition | 21,683 | |||
Carrying amount of land | 5,725 | |||
Carrying amount of buildings and improvements | 21,683 | |||
Carrying amount of land and buildings and improvements, Total | $ 27,408 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | North American Markets [Member] | Patterson Pass Business Center [Member] | Central Valley, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 6,577 | |||
Costs capitalized subsequent to acquisition | 45,756 | |||
Carrying amount of land | 6,577 | |||
Carrying amount of buildings and improvements | 45,756 | |||
Carrying amount of land and buildings and improvements, Total | $ 52,333 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | North American Markets [Member] | West Pointe Business Center [Member] | Charlotte, North Carolina [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 694 | |||
Costs capitalized subsequent to acquisition | 9,462 | |||
Carrying amount of land | 694 | |||
Carrying amount of buildings and improvements | 9,462 | |||
Carrying amount of land and buildings and improvements, Total | $ 10,156 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | North American Markets [Member] | Glendale Heights Distribution Center | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 345 | |||
Costs capitalized subsequent to acquisition | 4,552 | |||
Carrying amount of land | 345 | |||
Carrying amount of buildings and improvements | 4,552 | |||
Carrying amount of land and buildings and improvements, Total | $ 4,897 | |||
Properties Under Development [Member] | North American Markets [Member] | Woodridge Distribution Center [Member] | Chicago, Illinois [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,381 | |||
Costs capitalized subsequent to acquisition | 3,511 | |||
Carrying amount of land | 1,381 | |||
Carrying amount of buildings and improvements | 3,511 | |||
Carrying amount of land and buildings and improvements, Total | $ 4,892 | |||
Properties Under Development [Member] | North American Markets [Member] | Etna Distribution Center [Member] | Columbus, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,642 | |||
Costs capitalized subsequent to acquisition | 17,432 | |||
Carrying amount of land | 3,642 | |||
Carrying amount of buildings and improvements | 17,432 | |||
Carrying amount of land and buildings and improvements, Total | $ 21,074 | |||
Properties Under Development [Member] | North American Markets [Member] | Heritage Business Park [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 4,731 | |||
Costs capitalized subsequent to acquisition | 25,563 | |||
Carrying amount of land | 4,731 | |||
Carrying amount of buildings and improvements | 25,563 | |||
Carrying amount of land and buildings and improvements, Total | $ 30,294 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | North American Markets [Member] | Black Mountain Distribution Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,686 | |||
Costs capitalized subsequent to acquisition | 5,951 | |||
Carrying amount of land | 3,686 | |||
Carrying amount of buildings and improvements | 5,951 | |||
Carrying amount of land and buildings and improvements, Total | $ 9,637 | |||
Properties Under Development [Member] | North American Markets [Member] | Sunrise Industrial Park [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 130 | |||
Costs capitalized subsequent to acquisition | 297 | |||
Carrying amount of land | 130 | |||
Carrying amount of buildings and improvements | 297 | |||
Carrying amount of land and buildings and improvements, Total | $ 427 | |||
Properties Under Development [Member] | North American Markets [Member] | Beltway Commerce Center [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,753 | |||
Costs capitalized subsequent to acquisition | 6,447 | |||
Carrying amount of land | 1,753 | |||
Carrying amount of buildings and improvements | 6,447 | |||
Carrying amount of land and buildings and improvements, Total | $ 8,200 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | North American Markets [Member] | Tahoe- Reno Industrial Center [Member] | Reno, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,740 | |||
Costs capitalized subsequent to acquisition | 31,067 | |||
Carrying amount of land | 1,740 | |||
Carrying amount of buildings and improvements | 31,067 | |||
Carrying amount of land and buildings and improvements, Total | $ 32,807 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | North American Markets [Member] | Redlands Distribution Center [Member] | Southern California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 57,795 | |||
Costs capitalized subsequent to acquisition | 117,174 | |||
Carrying amount of land | 57,795 | |||
Carrying amount of buildings and improvements | 117,174 | |||
Carrying amount of land and buildings and improvements, Total | $ 174,969 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | North American Markets [Member] | Milton 402 Business Park [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 9,675 | |||
Costs capitalized subsequent to acquisition | 13,943 | |||
Carrying amount of land | 9,675 | |||
Carrying amount of buildings and improvements | 13,943 | |||
Carrying amount of land and buildings and improvements, Total | $ 23,618 | |||
Properties Under Development [Member] | North American Markets [Member] | Gateway International Distribution Center [Member] | Cincinnati, Ohio [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,676 | |||
Costs capitalized subsequent to acquisition | 16,531 | |||
Carrying amount of land | 2,676 | |||
Carrying amount of buildings and improvements | 16,531 | |||
Carrying amount of land and buildings and improvements, Total | $ 19,207 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | North American Markets [Member] | Dallas Corporate Center North Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 6,014 | |||
Costs capitalized subsequent to acquisition | 18,298 | |||
Carrying amount of land | 6,014 | |||
Carrying amount of buildings and improvements | 18,298 | |||
Carrying amount of land and buildings and improvements, Total | $ 24,312 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | North American Markets [Member] | Gold Spike Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,629 | |||
Costs capitalized subsequent to acquisition | 17,696 | |||
Carrying amount of land | 3,629 | |||
Carrying amount of buildings and improvements | 17,696 | |||
Carrying amount of land and buildings and improvements, Total | $ 21,325 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | North American Markets [Member] | Mountain Creek [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 13,181 | |||
Costs capitalized subsequent to acquisition | 33,805 | |||
Carrying amount of land | 13,181 | |||
Carrying amount of buildings and improvements | 33,805 | |||
Carrying amount of land and buildings and improvements, Total | $ 46,986 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | North American Markets [Member] | Park 121 Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,888 | |||
Costs capitalized subsequent to acquisition | 11,952 | |||
Carrying amount of land | 6,888 | |||
Carrying amount of buildings and improvements | 11,952 | |||
Carrying amount of land and buildings and improvements, Total | $ 18,840 | |||
Properties Under Development [Member] | North American Markets [Member] | ST Micro Distribution Center [Member] | Dallas/Fort Worth, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 2,429 | |||
Costs capitalized subsequent to acquisition | 273 | |||
Carrying amount of land | 2,429 | |||
Carrying amount of buildings and improvements | 273 | |||
Carrying amount of land and buildings and improvements, Total | $ 2,702 | |||
Properties Under Development [Member] | North American Markets [Member] | Stapleton Business Center North [Member] | Denver, Colorado [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,493 | |||
Costs capitalized subsequent to acquisition | 10,599 | |||
Carrying amount of land | 2,493 | |||
Carrying amount of buildings and improvements | 10,599 | |||
Carrying amount of land and buildings and improvements, Total | $ 13,092 | |||
Properties Under Development [Member] | North American Markets [Member] | Greens Parkway Distribution Center [Member] | Houston, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,246 | |||
Costs capitalized subsequent to acquisition | 9,723 | |||
Carrying amount of land | 1,246 | |||
Carrying amount of buildings and improvements | 9,723 | |||
Carrying amount of land and buildings and improvements, Total | $ 10,969 | |||
Properties Under Development [Member] | North American Markets [Member] | Las Vegas Beltway Distribution Center [Member] | Las Vegas, Nevada [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,341 | |||
Costs capitalized subsequent to acquisition | 452 | |||
Carrying amount of land | 6,341 | |||
Carrying amount of buildings and improvements | 452 | |||
Carrying amount of land and buildings and improvements, Total | $ 6,793 | |||
Properties Under Development [Member] | North American Markets [Member] | Center Pointe Distribution Center [Member] | Nashville, Tennessee [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 3,746 | |||
Costs capitalized subsequent to acquisition | 8,900 | |||
Carrying amount of land | 3,746 | |||
Carrying amount of buildings and improvements | 8,900 | |||
Carrying amount of land and buildings and improvements, Total | $ 12,646 | |||
Properties Under Development [Member] | North American Markets [Member] | Edison Distribution Center [Member] | New Jersey [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 30,610 | |||
Costs capitalized subsequent to acquisition | 43,595 | |||
Carrying amount of land | 30,610 | |||
Carrying amount of buildings and improvements | 43,595 | |||
Carrying amount of land and buildings and improvements, Total | $ 74,205 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | North American Markets [Member] | Orlando Airport Park [Member] | Orlando, Florida [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,259 | |||
Costs capitalized subsequent to acquisition | 1,102 | |||
Carrying amount of land | 5,259 | |||
Carrying amount of buildings and improvements | 1,102 | |||
Carrying amount of land and buildings and improvements, Total | $ 6,361 | |||
Properties Under Development [Member] | North American Markets [Member] | Cornerstone Distribution Center [Member] | San Antonio, Texas [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 2,173 | |||
Costs capitalized subsequent to acquisition | 6,736 | |||
Carrying amount of land | 2,173 | |||
Carrying amount of buildings and improvements | 6,736 | |||
Carrying amount of land and buildings and improvements, Total | $ 8,909 | |||
Properties Under Development [Member] | North American Markets [Member] | Boyce Distribution Center [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 21,719 | |||
Costs capitalized subsequent to acquisition | 24,450 | |||
Carrying amount of land | 21,719 | |||
Carrying amount of buildings and improvements | 24,450 | |||
Carrying amount of land and buildings and improvements, Total | $ 46,169 | |||
Properties Under Development [Member] | North American Markets [Member] | Pinole Point [Member] | San Francisco Bay Area, California [Member] | United States [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 7,700 | |||
Costs capitalized subsequent to acquisition | 19,515 | |||
Carrying amount of land | 7,700 | |||
Carrying amount of buildings and improvements | 19,515 | |||
Carrying amount of land and buildings and improvements, Total | $ 27,215 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | North American Markets [Member] | Centro Industrial Center [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 2,828 | |||
Costs capitalized subsequent to acquisition | 8,779 | |||
Carrying amount of land | 2,828 | |||
Carrying amount of buildings and improvements | 8,779 | |||
Carrying amount of land and buildings and improvements, Total | $ 11,607 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | North American Markets [Member] | El Puente Industrial Center [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 778 | |||
Costs capitalized subsequent to acquisition | 4,194 | |||
Carrying amount of land | 778 | |||
Carrying amount of buildings and improvements | 4,194 | |||
Carrying amount of land and buildings and improvements, Total | $ 4,972 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | North American Markets [Member] | PDX Corporate Center North South [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 14,602 | |||
Costs capitalized subsequent to acquisition | 13,701 | |||
Carrying amount of land | 14,602 | |||
Carrying amount of buildings and improvements | 13,701 | |||
Carrying amount of land and buildings and improvements, Total | $ 28,303 | |||
Properties Under Development [Member] | North American Markets [Member] | San Jose Distribution Center [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 12,699 | |||
Costs capitalized subsequent to acquisition | 392 | |||
Carrying amount of land | 12,699 | |||
Carrying amount of buildings and improvements | 392 | |||
Carrying amount of land and buildings and improvements, Total | $ 13,091 | |||
Properties Under Development [Member] | North American Markets [Member] | Toluca Distribution Center [Member] | Mexico [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,060 | |||
Costs capitalized subsequent to acquisition | 3,124 | |||
Carrying amount of land | 3,060 | |||
Carrying amount of buildings and improvements | 3,124 | |||
Carrying amount of land and buildings and improvements, Total | $ 6,184 | |||
Properties Under Development [Member] | European Markets | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 30 | |||
Land | $ 168,441 | |||
Costs capitalized subsequent to acquisition | 185,519 | |||
Carrying amount of land | 168,441 | |||
Carrying amount of buildings and improvements | 185,519 | |||
Carrying amount of land and buildings and improvements, Total | $ 353,960 | |||
Properties Under Development [Member] | European Markets | Czech Republic [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 9,660 | |||
Costs capitalized subsequent to acquisition | 18,084 | |||
Carrying amount of land | 9,660 | |||
Carrying amount of buildings and improvements | 18,084 | |||
Carrying amount of land and buildings and improvements, Total | $ 27,744 | |||
Properties Under Development [Member] | European Markets | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 5 | |||
Land | $ 10,639 | |||
Costs capitalized subsequent to acquisition | 32,186 | |||
Carrying amount of land | 10,639 | |||
Carrying amount of buildings and improvements | 32,186 | |||
Carrying amount of land and buildings and improvements, Total | $ 42,825 | |||
Properties Under Development [Member] | European Markets | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 31,865 | |||
Costs capitalized subsequent to acquisition | 67,583 | |||
Carrying amount of land | 31,865 | |||
Carrying amount of buildings and improvements | 67,583 | |||
Carrying amount of land and buildings and improvements, Total | $ 99,448 | |||
Properties Under Development [Member] | European Markets | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 6,281 | |||
Costs capitalized subsequent to acquisition | 14,032 | |||
Carrying amount of land | 6,281 | |||
Carrying amount of buildings and improvements | 14,032 | |||
Carrying amount of land and buildings and improvements, Total | $ 20,313 | |||
Properties Under Development [Member] | European Markets | Slovakia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,785 | |||
Costs capitalized subsequent to acquisition | 2,066 | |||
Carrying amount of land | 1,785 | |||
Carrying amount of buildings and improvements | 2,066 | |||
Carrying amount of land and buildings and improvements, Total | $ 3,851 | |||
Properties Under Development [Member] | European Markets | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 13 | |||
Land | $ 86,207 | |||
Costs capitalized subsequent to acquisition | 27,393 | |||
Carrying amount of land | 86,207 | |||
Carrying amount of buildings and improvements | 27,393 | |||
Carrying amount of land and buildings and improvements, Total | $ 113,600 | |||
Properties Under Development [Member] | European Markets | Netherlands [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 3 | |||
Land | $ 21,751 | |||
Costs capitalized subsequent to acquisition | 24,175 | |||
Carrying amount of land | 21,751 | |||
Carrying amount of buildings and improvements | 24,175 | |||
Carrying amount of land and buildings and improvements, Total | $ 45,926 | |||
Properties Under Development [Member] | European Markets | Moissy Ii Distribution Center | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,950 | |||
Costs capitalized subsequent to acquisition | 14,801 | |||
Carrying amount of land | 4,950 | |||
Carrying amount of buildings and improvements | 14,801 | |||
Carrying amount of land and buildings and improvements, Total | $ 19,751 | |||
Properties Under Development [Member] | European Markets | Szczecin Distribution Center [Member] | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 677 | |||
Costs capitalized subsequent to acquisition | 8,787 | |||
Carrying amount of land | 677 | |||
Carrying amount of buildings and improvements | 8,787 | |||
Carrying amount of land and buildings and improvements, Total | $ 9,464 | |||
Properties Under Development [Member] | European Markets | Prague Airport Distribution Center [Member] | Czech Republic [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 4,523 | |||
Costs capitalized subsequent to acquisition | 9,708 | |||
Carrying amount of land | 4,523 | |||
Carrying amount of buildings and improvements | 9,708 | |||
Carrying amount of land and buildings and improvements, Total | $ 14,231 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | European Markets | Prague-Jirny Distribution Center [Member] | Czech Republic [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,137 | |||
Costs capitalized subsequent to acquisition | 8,376 | |||
Carrying amount of land | 5,137 | |||
Carrying amount of buildings and improvements | 8,376 | |||
Carrying amount of land and buildings and improvements, Total | $ 13,513 | |||
Properties Under Development [Member] | European Markets | Isle D Abeau Distribution Center | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 3,853 | |||
Carrying amount of land | 3,853 | |||
Carrying amount of land and buildings and improvements, Total | $ 3,853 | |||
Properties Under Development [Member] | European Markets | Le Havre Distribution Center | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 1,836 | |||
Costs capitalized subsequent to acquisition | 17,385 | |||
Carrying amount of land | 1,836 | |||
Carrying amount of buildings and improvements | 17,385 | |||
Carrying amount of land and buildings and improvements, Total | $ 19,221 | |||
Properties Under Development [Member] | European Markets | Presles Distribution Center [Member] | France [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Properties Under Development [Member] | European Markets | Bergheim Distribution Center [Member] | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,101 | |||
Costs capitalized subsequent to acquisition | 6,956 | |||
Carrying amount of land | 5,101 | |||
Carrying amount of buildings and improvements | 6,956 | |||
Carrying amount of land and buildings and improvements, Total | $ 12,057 | |||
Properties Under Development [Member] | European Markets | Munich East Distribution Center [Member] | Germany [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 26,764 | |||
Costs capitalized subsequent to acquisition | 60,627 | |||
Carrying amount of land | 26,764 | |||
Carrying amount of buildings and improvements | 60,627 | |||
Carrying amount of land and buildings and improvements, Total | $ 87,391 | |||
Properties Under Development [Member] | European Markets | Eindhoven Distribution Center [Member] | Netherlands [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Costs capitalized subsequent to acquisition | $ 9,346 | |||
Carrying amount of buildings and improvements | 9,346 | |||
Carrying amount of land and buildings and improvements, Total | $ 9,346 | |||
Properties Under Development [Member] | European Markets | Venlo Distribution Center [Member] | Netherlands [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 6,239 | |||
Costs capitalized subsequent to acquisition | 14,774 | |||
Carrying amount of land | 6,239 | |||
Carrying amount of buildings and improvements | 14,774 | |||
Carrying amount of land and buildings and improvements, Total | $ 21,013 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | European Markets | Wroclaw V Distribution Center [Member] | Poland [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,846 | |||
Costs capitalized subsequent to acquisition | 5,245 | |||
Carrying amount of land | 1,846 | |||
Carrying amount of buildings and improvements | 5,245 | |||
Carrying amount of land and buildings and improvements, Total | $ 7,091 | |||
Properties Under Development [Member] | European Markets | Bratislava Distribution Center [Member] | Slovakia [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 1,785 | |||
Costs capitalized subsequent to acquisition | 2,066 | |||
Carrying amount of land | 1,785 | |||
Carrying amount of buildings and improvements | 2,066 | |||
Carrying amount of land and buildings and improvements, Total | $ 3,851 | |||
Properties Under Development [Member] | European Markets | Birmingham International Gateway Distribution Center [Member] | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 6 | |||
Land | $ 18,971 | |||
Costs capitalized subsequent to acquisition | 3,690 | |||
Carrying amount of land | 18,971 | |||
Carrying amount of buildings and improvements | 3,690 | |||
Carrying amount of land and buildings and improvements, Total | $ 22,661 | |||
Properties Under Development [Member] | European Markets | Boscombe Road Distribution Center [Member] | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 17,929 | |||
Costs capitalized subsequent to acquisition | 9,930 | |||
Carrying amount of land | 17,929 | |||
Carrying amount of buildings and improvements | 9,930 | |||
Carrying amount of land and buildings and improvements, Total | $ 27,859 | |||
Properties Under Development [Member] | European Markets | Daventry Phase II Distribution Center [Member] | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 6,574 | |||
Costs capitalized subsequent to acquisition | 5,673 | |||
Carrying amount of land | 6,574 | |||
Carrying amount of buildings and improvements | 5,673 | |||
Carrying amount of land and buildings and improvements, Total | $ 12,247 | |||
Properties Under Development [Member] | European Markets | Park Ryton Distribution Center [Member] | United Kingdom [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 14,389 | |||
Costs capitalized subsequent to acquisition | 8,088 | |||
Carrying amount of land | 14,389 | |||
Carrying amount of buildings and improvements | 8,088 | |||
Carrying amount of land and buildings and improvements, Total | $ 22,477 | |||
Properties Under Development [Member] | Asian Markets [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 185,646 | |||
Costs capitalized subsequent to acquisition | 429,933 | |||
Carrying amount of land | 185,646 | |||
Carrying amount of buildings and improvements | 429,933 | |||
Carrying amount of land and buildings and improvements, Total | $ 615,579 | |||
Properties Under Development [Member] | Asian Markets [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 10 | |||
Land | $ 185,646 | |||
Costs capitalized subsequent to acquisition | 429,933 | |||
Carrying amount of land | 185,646 | |||
Carrying amount of buildings and improvements | 429,933 | |||
Carrying amount of land and buildings and improvements, Total | $ 615,579 | |||
Properties Under Development [Member] | Asian Markets [Member] | Chiba New Town Distribution Center [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 30,543 | |||
Costs capitalized subsequent to acquisition | 81,966 | |||
Carrying amount of land | 30,543 | |||
Carrying amount of buildings and improvements | 81,966 | |||
Carrying amount of land and buildings and improvements, Total | $ 112,509 | |||
Properties Under Development [Member] | Asian Markets [Member] | Hisayama Distribution Center [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 5,034 | |||
Costs capitalized subsequent to acquisition | 20,292 | |||
Carrying amount of land | 5,034 | |||
Carrying amount of buildings and improvements | 20,292 | |||
Carrying amount of land and buildings and improvements, Total | $ 25,326 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | Asian Markets [Member] | Ibaraki Distribution Center [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 41,824 | |||
Costs capitalized subsequent to acquisition | 61,737 | |||
Carrying amount of land | 41,824 | |||
Carrying amount of buildings and improvements | 61,737 | |||
Carrying amount of land and buildings and improvements, Total | $ 103,561 | |||
Properties Under Development [Member] | Asian Markets [Member] | Kobe Distribution Center [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 17,155 | |||
Costs capitalized subsequent to acquisition | 13,806 | |||
Carrying amount of land | 17,155 | |||
Carrying amount of buildings and improvements | 13,806 | |||
Carrying amount of land and buildings and improvements, Total | $ 30,961 | |||
Properties Under Development [Member] | Asian Markets [Member] | Koga Distribution Center [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 2 | |||
Land | $ 6,746 | |||
Costs capitalized subsequent to acquisition | 7,581 | |||
Carrying amount of land | 6,746 | |||
Carrying amount of buildings and improvements | 7,581 | |||
Carrying amount of land and buildings and improvements, Total | $ 14,327 | |||
Properties Under Development [Member] | Asian Markets [Member] | Narashino IV Distribution Center [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 19,050 | |||
Costs capitalized subsequent to acquisition | 50,988 | |||
Carrying amount of land | 19,050 | |||
Carrying amount of buildings and improvements | 50,988 | |||
Carrying amount of land and buildings and improvements, Total | $ 70,038 | |||
Properties Under Development [Member] | Asian Markets [Member] | Narita 1 [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 9,208 | |||
Costs capitalized subsequent to acquisition | 22,645 | |||
Carrying amount of land | 9,208 | |||
Carrying amount of buildings and improvements | 22,645 | |||
Carrying amount of land and buildings and improvements, Total | $ 31,853 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | Asian Markets [Member] | Osaka 5 [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 35,195 | |||
Costs capitalized subsequent to acquisition | 78,288 | |||
Carrying amount of land | 35,195 | |||
Carrying amount of buildings and improvements | 78,288 | |||
Carrying amount of land and buildings and improvements, Total | $ 113,483 | |||
Date of Construction/ Acquisition | 2,015 | |||
Properties Under Development [Member] | Asian Markets [Member] | Yoshimi Distribution Center [Member] | Japan [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Number of buildings | Property | 1 | |||
Land | $ 20,891 | |||
Costs capitalized subsequent to acquisition | 92,630 | |||
Carrying amount of land | 20,891 | |||
Carrying amount of buildings and improvements | 92,630 | |||
Carrying amount of land and buildings and improvements, Total | $ 113,521 | |||
Date of Construction/ Acquisition | 2,015 |
Real Estate and Accumulated 116
Real Estate and Accumulated Depreciation (Parenthetical) (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2015 | Dec. 31, 2014 | |
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||||
Total per Schedule III | $ 25,608,648 | $ 20,109,432 | $ 18,822,081 | $ 25,608,648 | $ 20,109,432 |
Land | 1,359,794 | ||||
Other real estate investments | 552,926 | ||||
Total per consolidated balance sheet | 27,521,368 | 22,190,145 | |||
Aggregate cost for Federal tax purposes | 16,900,000 | ||||
Total accumulated depreciation per Schedule III | 3,207,855 | 2,748,835 | 2,540,267 | 3,207,855 | 2,748,835 |
Accumulated depreciation on other real estate investments | 66,429 | ||||
Less accumulated depreciation | 3,274,284 | $ 2,790,781 | |||
Amount secured of mortgage notes | 5,800,000 | ||||
Mortgage notes | 3,000,000 | ||||
Assessment bonds | $ 15,200 | ||||
Assessment bonds, aggregate undepreciated cost | 843,800 | ||||
Real estate assets: | |||||
Balance at beginning of year | 20,109,432 | 18,822,081 | 23,559,891 | ||
Acquisitions of operating properties, improvements to operating properties development activity, transfers of land to CIP and net effect of changes in foreign exchange rates and other | 7,191,335 | 3,595,836 | 2,050,810 | ||
Basis of operating properties disposed of | (1,719,632) | (2,713,300) | (6,857,994) | ||
Change in the development portfolio balance, including the acquisition of properties | 398,923 | 452,963 | 69,374 | ||
Assets transferred to held-for-sale | (371,410) | (48,148) | 0 | ||
Balance at end year | 25,608,648 | 20,109,432 | 18,822,081 | ||
Accumulated depreciation: | |||||
Balance at beginning of year | 2,748,835 | 2,540,267 | 2,460,642 | ||
Depreciation expense | 617,258 | 490,298 | 505,691 | ||
Balances retired upon disposition of operating properties and net effect of changes in foreign exchange rates and other | (153,621) | (277,516) | (426,066) | ||
Assets transferred to held-for-sale | (4,617) | (4,214) | 0 | ||
Balance at end of year | $ 3,207,855 | $ 2,748,835 | $ 2,540,267 | ||
Standard Tenant Improvements [Member] | |||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||||
Useful lives for real estate assets | 10 years | ||||
Land improvements on developed buildings [Member] | |||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||||
Useful lives for real estate assets | 25 years | ||||
Acquired Industrial Properties [Member] | |||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||||
Useful lives for real estate assets | 30 years | ||||
Properties Developed [Member] | |||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||||
Useful lives for real estate assets | 40 years | ||||
Minimum [Member] | Capital Improvements [Member] | |||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||||
Useful lives for real estate assets | 5 years | ||||
Maximum [Member] | Capital Improvements [Member] | |||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||||
Useful lives for real estate assets | 7 years |