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Prologis’ Moghadam: $25B in ‘Unabated’ Investment Activity Achieved Despite 2020’s Disruption
San Francisco-based Prologis, Inc. reported year-end 2020 investment activity totaled $25 billion on an owned and managed basis. The logistics giant also notes that since 2011, when the ProLogis – AMB merger was completed, to year-end 2020, Prologis has completed investment transactions totaling more than $131.4 billion in 30 global markets.
Prologis’ Hamid R. Moghadam says, “Despite the disruption and uncertainty of this past year, investment activity across our global platform continued unabated, reflecting the strong demand for high-quality logistics real estate in the best locations around the world.”
The company also promoted long-time employee Dan Letter to global head of Capital Deployment. Letter’s newly created senior role is expected to bolster Prologis’ growing global capital deployment efforts.
He will report to Prologis chief investment officer Eugene F. Reilly. Letter will hold responsibility for the company’s Investment Committee process, capital deployment forecasting, deployment pipeline management and multi-market portfolio acquisitions and dispositions.
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