Prologis' U.S. Logistics Fund Celebrates Two Decades of Achievement
Prologis Celebrates Two Decades of the U.S. Logistics Fund
Prologis, Inc. (NYSE: PLD), a global leader in logistics real estate, proudly commemorates the 20th anniversary of its U.S. Logistics Fund (USLF). With an impressive assets under management (AUM) totaling $24 billion, USLF has consistently demonstrated exceptional performance since its inception in 2004. The fund plays a pivotal role in advancing the growth and modernization of logistics investments across the United States.
Hamid R. Moghadam, co-founder and CEO of Prologis, expressed gratitude towards USLF investors, stating, "We have been privileged to serve and partner with our USLF investors over the past two decades. USLF not only offers the highest-quality logistics real estate portfolio available but is also actively investing in opportunities that enhance asset value, driving customer preference and loyalty."
Key Performance Highlights of the U.S. Logistics Fund
Over the years, USLF has achieved remarkable performance milestones:
Strong Record of Outperformance
Since its launch, USLF has consistently delivered above-average returns, establishing itself as a standout player in logistics real estate. This performance is particularly impressive due to the fund’s low leverage, which minimizes dependence on borrowing. Additionally, USLF's top-tier debt ratings have allowed the fund to secure favorable financing terms, further boosting returns across various market cycles.
Consistent High Occupancy Rates
The past decade has seen USLF maintain an impressive average operating occupancy rate of 96.8%. This figure outperforms the broader market by 160 basis points, driven by the superior quality of assets and locations, alongside Prologis' customer-focused strategy.
Robust Investor Confidence
USLF has successfully attracted capital from a diverse group of 127 institutional investors across 15 different countries. This broad investment indicates strong trust in the fund's potential for growth and enduring value. Since its establishment, USLF has also provided remarkable liquidity to investors, fulfilling 100% of redemption requests amounting to over $2.9 billion.
Strategic Growth and Expansion
The fund's carefully focused investment strategy has been crucial to its success, allowing it to grow from 4.5 million square feet in eight markets in 2004 to over 125 million square feet in 28 markets today. With assets located in some of the most desirable urban logistics hubs, USLF is well-positioned to capitalize on the rising demand for high-value logistics centers, especially fueled by the growth of e-commerce.
Looking Ahead to the Future
As the U.S. Logistics Fund enters its third decade, it is set for continued growth and innovation. Prologis remains committed to delivering value to investors amidst a rapidly evolving logistics landscape. The company is making substantial investments in proprietary research, data analytics, renewable energy, and mobility, ensuring USLF offers a future-ready logistics real estate portfolio.
Karsten Kallevig, global head of Strategic Capital at Prologis, shared his enthusiasm for the fund's future, stating, "We take a customer-centric approach to every part of our business, including our private investment funds. With USLF, we have curated a portfolio of modern logistics properties that is unrivaled in the industry, and while we are proud of USLF's accomplishments, we are even more excited about the future with our investors."
About Prologis Strategic Capital
Prologis' Strategic Capital division is a critical aspect of the company's operations, boasting $87 billion in assets under management. This division is designed to provide institutional investors with unique opportunities for investment. Each of the company’s 10 strategic funds focuses on generating industry-leading, risk-adjusted returns while offering an exceptional investor experience. Prologis is actively invested in all its Strategic Capital funds, with co-investment levels ranging from 15% to 55%.
ABOUT PROLOGIS
Prologis, Inc. stands at the forefront of logistics real estate, specializing in high-barrier, high-growth markets. With assets expected to comprise approximately 1.2 billion square feet across 19 countries, Prologis leases modern logistics facilities to a diverse array of around 6,700 customers, predominantly in business-to-business and retail sectors.
Frequently Asked Questions
What is the U.S. Logistics Fund?
The U.S. Logistics Fund is a private investment fund by Prologis that focuses on logistics real estate, celebrating its 20th anniversary.
What has been the performance of the U.S. Logistics Fund?
Since its inception, the U.S. Logistics Fund has consistently outperformed the market with high occupancy rates and strong returns.
What is Prologis' investment strategy?
Prologis employs a customer-centric investment strategy, focusing on modern logistics properties in key urban markets with an eye on future opportunities.
Who are the investors in the U.S. Logistics Fund?
The fund has attracted a diverse pool of 127 institutional investors from 15 countries, reflecting strong confidence in its growth prospects.
What does the future hold for the U.S. Logistics Fund?
Prologis is committed to innovation and is focusing on enhancing asset value through various investments, setting the stage for continued success.
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