Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2011

Real Estate and Accumulated Depreciation, Initial Cost [Abstract]

Real Estate and Accumulated Depreciation

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2011

(In thousands of U.S. dollars, as applicable)


				Initial Costs to Prologis				Costs Capitalized Subsequent To Acquisition		Gross Amounts At Which Carried as of December 31, 2011						Accumulated Depreciation (c)		Date of Construction/ Acquisition
Description	No. of Bldgs.		Encum- brances	Land		Building & Improvements		Costs Capitalized Subsequent To Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)		Date of Construction/ Acquisition

Industrial Operating Properties (d)
Americas Markets:
United States:
Atlanta, Georgia
Atlanta NE Distribution Center		8	(d)	$	5,582	$	3,047	$	28,251	$	6,276	$	30,604	$	36,880	$	(15,183)	1996,1997
Atlanta South Business Park		9	-		5,353		28,895		357		5,353		29,252		34,605		(848)	2011
Atlanta West Distribution Center		6	(d)		6,386		22,513		10,088		6,386		32,601		38,987		(10,918)	1994,2006
Berkeley Lake Distribution Center		1	(d)		2,046		8,712		458		2,046		9,170		11,216		(1,352)	2006
Braselton Business Park		1	(d)		3,771		15,258		193		3,771		15,451		19,222		(2,065)	2008
Buford Distribution Center		1	-		1,487		-		5,466		1,487		5,466		6,953		(650)	2007
Cedars Distribution Center		1	-		1,366		7,739		3,081		1,692		10,494		12,186		(4,888)	1999
Douglas Hill Distribution Center		4	-		11,599		46,826		2,410		11,677		49,158		60,835		(10,487)	2005
Hartsfield East DC		1	-		697		6,466		-		697		6,466		7,163		(165)	2011
Horizon Distribution Center		1	-		2,846		11,385		210		2,846		11,595		14,441		(1,771)	2006
LaGrange Distribution Center		1	-		174		986		777		174		1,763		1,937		(1,196)	1994
Midland Distribution Center		1	(d)		1,919		7,679		1,454		1,919		9,133		11,052		(1,698)	2006
Northeast Industrial Center		3	(e)		782		4,744		2,604		782		7,348		8,130		(4,670)	1996
Northmont Industrial Center		1	-		566		3,209		1,335		566		4,544		5,110		(2,905)	1994
Peachtree Corners Business Center		5	(e)		1,519		7,253		2,862		1,519		10,115		11,634		(4,615)	1994,2006
Piedmont Ct. Distribution Center		2	(e)		885		5,013		3,260		885		8,273		9,158		(4,757)	1997
Riverside Distribution Center (ATL)		3	(e)		2,533		13,336		3,618		2,556		16,931		19,487		(7,803)	1999
South Royal Atlanta Distribution Center		1	-		356		2,018		507		356		2,525		2,881		(851)	2002
Southfield-KRDC Industrial SG		8	-		5,033		28,725		141		5,033		28,866		33,899		(959)	2011
Southside Distribution Center		1	-		1,186		2,859		336		1,186		3,195		4,381		(96)	2011
Suwanee Creek Dist Ctr		1	-		462		1,871		6		462		1,877		2,339		(116)	2010
Tradeport Distribution Center		3	(d)		1,464		4,563		7,242		1,479		11,790		13,269		(6,847)	1994,1996
Weaver Distribution Center		2	-		935		5,182		2,133		935		7,315		8,250		(4,539)	1995
Westfork Industrial Center		2	(d)		579		3,910		49		579		3,959		4,538		(2,272)	1995
Total Atlanta, Georgia		67			59,526		242,189		76,838		60,662		317,891		378,553		(91,651)
Austin, Texas
MET 4-12 LTD		1	-		4,300		20,456		544		4,300		21,000		25,300		(735)	2011
MET PHASE 1 95 LTD		4	-		5,593		17,211		691		5,593		17,902		23,495		(591)	2011
Montopolis Distribution Center		1	-		580		3,384		2,443		580		5,827		6,407		(3,372)	1994
Walnut Creek Corporate Center		3	-		461		4,089		182		515		4,217		4,732		(2,568)	1994
Total Austin, Texas		9			10,934		45,140		3,860		10,988		48,946		59,934		(7,266)
Boston, Massachusetts
Boston Industrial		12	-		19,951		43,657		332		19,951		43,989		63,940		(1,841)	2011
Cabot Business Park		10	-		16,429		43,265		896		16,429		44,161		60,590		(1,595)	2011
Cabot Business Park SGP		3	-		6,380		19,563		737		6,380		20,300		26,680		(723)	2011
Patriot Dist. Center		1	(d)		5,812		21,397		18		5,812		21,415		27,227		(771)	2011
Total Boston, Massachusetts		26			48,572		127,882		1,983		48,572		129,865		178,437		(4,930)
Central & Eastern, Pennsylvania Harrisburg Distribution Center		1	-		2,231		12,572		717		2,231		13,289		15,520		(3,622)	2004
Harrisburg Industrial Center		1	-		782		6,190		890		782		7,080		7,862		(1,925)	2002
I-78 Dist. Center		1	-		13,030		30,007		131		13,030		30,138		43,168		(897)	2011
I-81 Distribution		1	-		1,822		21,583		161		1,822		21,744		23,566		(591)	2011
Lehigh Valley Distribution Center		3	-		2,356		9,552		2,884		2,356		12,436		14,792		(2,564)	2004,2010
Park 33 Distribution Center		1	-		13,411		-		39,627		15,698		37,340		53,038		(2,953)	2007
Quakertown Distribution Center		1	-		6,966		-		27,690		6,966		27,690		34,656		(4,100)	2006
Total Central & Eastern, Pennsylvania		9			40,598		79,904		72,100		42,885		149,717		192,602		(16,652)
Central Valley, CA Arch Road Logistics Center		2	-		9,492		38,060		619		9,492		38,679		48,171		(1,866)	2010
Central Valley Industrial Center		4	(d)(e)		11,418		48,726		6,313		11,868		54,589		66,457		(19,416)	1999,2002,2005
Manteca Distribution Center		1	-		9,280		27,840		273		9,480		27,913		37,393		(6,154)	2005
Patterson Pass Business Center		3	-		1,862		4,886		9,010		1,886		13,872		15,758		(4,806)	1993,2007
Tracy II Distribution Center		3	-		6,783		20,385		75,595		12,124		90,639		102,763		(8,080)	2007,2009
Total Central Valley, CA		13			38,835		139,897		91,810		44,850		225,692		270,542		(40,322)
Charlotte, North Carolina Charlotte Distribution Center		9	(d)		4,578		-		27,388		6,096		25,870		31,966		(13,570)	1995,1996,1997,1998
Northpark Distribution Center		2	(d)		1,183		6,707		2,657		1,184		9,363		10,547		(5,436)	1994,1998
West Pointe Business Center		1	-		2,416		-		9,512		2,416		9,512		11,928		(1,408)	2006
Wilson Business Park Distribution Center		1	-		968		5,598		37		968		5,635		6,603		(996)	2007
Total Charlotte, North Carolina		13			9,145		12,305		39,594		10,664		50,380		61,044		(21,410)


				Initial Costs to Prologis				Costs Capitalized Subsequent To Acquisition		Gross Amounts At Which Carried as of December 31, 2011						Accumulated Depreciation (c)		Date of Construction/ Acquisition
Description	No. of Bldgs.		Encum- brances	Land		Building & Improvements		Costs Capitalized Subsequent To Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)		Date of Construction/ Acquisition
Chicago, Illinois Addison Business Center		1	-		1,293		2,907		-		1,293		2,907		4,200		(93)	2011
Addison Distribution Center		1	(e)		640		3,661		1,159		640		4,820		5,460		(2,490)	1997
Alsip Distribution Center		2	-		2,093		11,859		10,796		2,549		22,199		24,748		(12,926)	1997,1999
Alsip Industrial		1	-		1,422		2,335		-		1,422		2,335		3,757		(136)	2011
Arlington Heights Distribution Center		1	-		831		3,326		1,076		831		4,402		5,233		(830)	2006
Bensenville Distribution Center		1	-		926		3,842		5,964		940		9,792		10,732		(6,341)	1997
Bensenville Ind Park		13	-		37,681		92,909		272		37,681		93,181		130,862		(3,226)	2011
Bolingbrook Distribution Center		5	(d)		15,110		68,440		2,807		15,110		71,247		86,357		(20,481)	1999,2006
Bridgeview Industrial		1	-		1,380		3,404		1		1,380		3,405		4,785		(124)	2011
Chicago Industrial Portfolio		1	-		1,330		2,876		80		1,330		2,956		4,286		(111)	2011
Chicago Ridge Freight Terminal		1	-		1,789		6,187		207		1,789		6,394		8,183		(172)	2011
Des Plaines Distribution Center		3	(d)(e)		2,158		12,232		5,722		2,159		17,953		20,112		(10,735)	1995,1996
District Industrial		1	-		993		1,365		-		993		1,365		2,358		(58)	2011
Elk Grove Distribution Center		23	(d)(e)		31,138		82,034		43,665		31,138		125,699		156,837		(39,757)	1995,1996,1997,1999,2006,2009
Elk Grove Village SG		9	-		9,580		18,750		485		9,580		19,235		28,815		(754)	2011
Elmhurst Distribution Center		1	-		713		4,043		1,076		713		5,119		5,832		(2,861)	1997
Executive Drive		1	-		1,371		6,430		89		1,371		6,519		7,890		(192)	2011
Glendale Heights Distribution Center		3	(d)		3,903		22,119		8,010		3,903		30,129		34,032		(11,469)	1999
Glenview Distribution Center		2	-		1,156		6,550		1,855		1,156		8,405		9,561		(4,395)	1996,1999
Golf Distribution		1	(d)		5,372		17,080		6		5,372		17,086		22,458		(640)	2011
Hamilton Parkway		1	-		1,986		6,014		-		1,986		6,014		8,000		(168)	2011
Hintz Building		1	-		354		1,970		8		354		1,978		2,332		(63)	2011
I-55 Distribution Center		2	(d)		5,383		25,504		33,826		11,786		52,927		64,713		(7,101)	2007
Itasca Distribution Center		2	-		604		3,382		1,517		604		4,899		5,503		(2,556)	1996,1997
Itasca Industrial Portfolio		4	-		5,942		13,574		12		5,942		13,586		19,528		(483)	2011
Kehoe Industrial		1	-		1,394		3,247		64		1,394		3,311		4,705		(92)	2011
Lombard Distribution Center		1	(e)		1,170		6,630		840		1,170		7,470		8,640		(3,260)	1999
Melrose Park Distribution Ctr.		1	-		2,657		9,292		-		2,657		9,292		11,949		(374)	2011
Minooka Distribution Center		2	(d)		12,240		41,745		16,864		13,223		57,626		70,849		(10,943)	2005,2008
Mitchell Distribution Center		1	-		1,236		7,004		3,729		1,236		10,733		11,969		(5,619)	1996
NDP - Chicago		1	-		461		1,362		-		461		1,362		1,823		(43)	2011
Nicholas Logistics Center		1	-		2,354		10,799		-		2,354		10,799		13,153		(378)	2011
Northbrook Distribution Center		1	(e)		2,056		8,227		350		2,056		8,577		10,633		(1,474)	2007
Northlake Distribution Center		1	(e)		372		2,105		717		372		2,822		3,194		(1,747)	1996
OHare Industrial Portfolio		10	-		6,941		16,888		-		6,941		16,888		23,829		(667)	2011
Pleasant Prairie Distribution Center		1	-		1,314		7,450		2,453		1,315		9,902		11,217		(4,561)	1999
Poplar Gateway Truck Terminal		1	-		2,321		4,699		433		2,321		5,132		7,453		(148)	2011
Port OHare		2	(d)		4,819		5,547		18		4,819		5,565		10,384		(229)	2011
Remington Lakes Dist		1	-		2,382		11,657		476		2,382		12,133		14,515		(305)	2011
Rochelle Distribution Center		1	-		4,457		20,100		11,049		5,254		30,352		35,606		(2,266)	2008
Romeoville Distribution Center		5	(d)		23,325		94,197		1,395		23,325		95,592		118,917		(21,994)	1999,2005
S.C. Johnson & Son		1	-		2,267		15,911		1,531		3,152		16,557		19,709		(1,638)	2008
Sivert Distribution		1	-		1,497		1,470		-		1,497		1,470		2,967		(61)	2011
Touhy Cargo Terminal		1	(d)		2,697		8,909		-		2,697		8,909		11,606		(241)	2011
Waukegan Distribution Center		2	(d)		4,368		17,632		699		4,368		18,331		22,699		(3,298)	2007
West Chicago Distribution Center		1	-		3,125		12,499		423		3,125		12,922		16,047		(2,861)	2005
Windsor Court		1	-		635		3,493		-		635		3,493		4,128		(111)	2011
Wood Dale Industrial SG		5	-		4,343		10,174		45		4,343		10,219		14,562		(342)	2011
Woodale Distribution Center		1	-		263		1,490		450		263		1,940		2,203		(1,126)	1997
Woodridge Distribution Center		14	(d)		46,575		197,289		14,613		49,942		208,535		258,477		(44,014)	2005,2007
Yohan Industrial		3	(d)		4,219		12,306		242		4,219		12,548		16,767		(377)	2011

Total Chicago, Illinois		143			274,636		954,915		175,024		287,543		1,117,032		1,404,575		(236,331)


				Initial Costs to Prologis				Costs Capitalized Subsequent To Acquisition		Gross Amounts At Which Carried as of December 31, 2011						Accumulated Depreciation (c)		Date of Construction/ Acquisition
Description	No. of Bldgs.		Encum- brances	Land		Building & Improvements		Costs Capitalized Subsequent To Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)		Date of Construction/ Acquisition
Cincinnati, Ohio
Airpark Distribution Center		2	(d)		1,128		-		11,983		1,716		11,395		13,111		(5,507)	1996
Capital Distribution Center II		5	(d)		1,953		11,067		5,868		1,953		16,935		18,888		(10,069)	1994
Constitution Distribution Center		1	-		1,465		8,301		778		1,465		9,079		10,544		(4,091)	1999
Empire Distribution Center		3	(d)		529		2,995		2,535		529		5,530		6,059		(3,485)	1995
Fairfield Business Center		1	-		348		1,971		606		381		2,544		2,925		(791)	2004
Park I-275		1	-		3,863		12,014		2,381		3,863		14,395		18,258		(1,030)	2008
Sharonville Distribution Center		3	(d)		1,761		-		13,507		2,424		12,844		15,268		(4,937)	1997,1998

Total Cincinnati, Ohio		16			11,047		36,348		37,658		12,331		72,722		85,053		(29,910)

Columbus, Ohio
Brookham Distribution Center		2	-		5,964		23,858		3,916		5,965		27,773		33,738		(6,663)	2005
Canal Pointe Distribution Center		1	-		1,237		7,013		1,296		1,281		8,265		9,546		(3,502)	1999
Capital Park South Distribution Center		3	(d)		1,588		-		25,913		1,981		25,520		27,501		(12,176)	1996
Charter Street Distribution Center		1	(d)		1,245		7,055		501		1,245		7,556		8,801		(3,279)	1999
Corporate Park West		2	(d)		679		3,847		2,089		679		5,936		6,615		(3,489)	1996
Etna Distribution Center		1	-		1,669		-		19,614		1,669		19,614		21,283		(1,985)	2007
Fisher Distribution Center		1	-		1,197		6,785		2,849		1,197		9,634		10,831		(6,054)	1995
Foreign Trade Center I		4	(d)(e)		4,696		26,999		6,637		5,161		33,171		38,332		(14,717)	1999
New World Distribution Center		1	-		207		1,173		2,393		207		3,566		3,773		(2,262)	1994
South Park Distribution Center		2	(d)		3,343		15,182		2,595		3,343		17,777		21,120		(5,458)	1999,2005
Westbelt Business Center		3	-		1,777		7,168		748		1,777		7,916		9,693		(1,461)	2006
Westpointe Distribution Center		2	(d)		1,446		7,601		767		1,446		8,368		9,814		(2,019)	2007
Wingate Distribution Center		1	-		152		859		578		152		1,437		1,589		(813)	1994

Total Columbus, Ohio		24			25,200		107,540		69,896		26,103		176,533		202,636		(63,878)

Dallas/Fort Worth, Texas
Addison Technology Center		1	-		858		3,995		-		858		3,995		4,853		(138)	2011
Alliance Distribution Center		1	-		3,653		14,613		3		3,653		14,616		18,269		(3,197)	2005
Carter Industrial Center		1	-		334		-		2,351		334		2,351		2,685		(1,185)	1996
Centerport Distribution Center		1	-		1,250		7,082		1,174		1,250		8,256		9,506		(3,509)	1999
Dallas Corporate Center		10	(d)		5,161		-		32,113		5,357		31,917		37,274		(15,145)	1996,1997,1998,1999
Dallas Industrial		12	-		7,180		26,514		179		7,180		26,693		33,873		(912)	2011
Flower Mound Distribution Center		1	-		5,157		20,991		2,433		5,157		23,424		28,581		(3,548)	2007
Freeport Distribution Center		4	(d)		1,393		5,549		5,233		1,440		10,735		12,175		(5,387)	1996,1997,1998
Great Southwest Distribution Center		27	(d)		32,910		143,797		23,164		32,910		166,961		199,871		(53,439)	1995,1996,1997,1999,2000, 2001,2002,2005
Greater Dallas Industrial Port		3	-		3,525		16,375		38		3,525		16,413		19,938		(533)	2011
Lancaster Distribution Center		2	-		5,350		14,362		24,320		5,350		38,682		44,032		(3,527)	2007,2008
Lincoln Industrial Center		1	-		738		1,600		5		738		1,605		2,343		(80)	2011
Lonestar Portfolio		5	-		6,427		18,110		236		6,427		18,346		24,773		(717)	2011
Northfield Dist. Center		8	-		10,106		54,061		743		10,106		54,804		64,910		(1,495)	2011
Northgate Distribution Center		7	(d)		14,791		67,405		8,370		15,632		74,934		90,566		(18,029)	1999,2005,2008
Redbird Distribution Center		1	(e)		195		1,465		182		196		1,646		1,842		(1,099)	1994
Richardson Tech Center SGP		2	-		1,462		4,557		92		1,462		4,649		6,111		(177)	2011
Royal Distribution Center		1	-		811		4,598		911		811		5,509		6,320		(2,027)	2001
Stemmons Distribution Center		1	-		272		1,544		821		272		2,365		2,637		(1,385)	1995
Stemmons Industrial Center		11	(e)		1,819		11,705		5,222		1,819		16,927		18,746		(10,324)	1994,1995,1996,1999
Trinity Mills Distribution Center		4	(d)		3,181		18,090		3,950		3,181		22,040		25,221		(10,051)	1996,1999,2001
Valwood Business Center		4	(e)		3,662		16,846		1,328		3,662		18,174		21,836		(5,060)	2001,2006
Valwood Distribution Center		1	(e)		850		4,890		869		850		5,759		6,609		(2,285)	1999
Valwood Industrial		2	-		1,802		9,658		138		1,802		9,796		11,598		(336)	2011
West North Carrier Parkway		1	-		1,756		4,849		3		1,756		4,852		6,608		(254)	2011

Total Dallas/Fort Worth, Texas		112			114,643		472,656		113,878		115,728		585,449		701,177		(143,839)

Denver, Colorado
Denver Business Center		1	-		329		2,217		28		347		2,227		2,574		(785)	2002
Pagosa Distribution Center		1	(d)		406		2,322		1,206		406		3,528		3,934		(2,338)	1993
Stapleton Business Center		12	(d)		34,634		139,257		5,027		34,635		144,283		178,918		(32,259)	2005
Upland Distribution Center		3	(e)		385		4,421		4,178		398		8,586		8,984		(4,305)	1994,1995
Upland Distribution Center II		3	-		1,295		5,159		5,573		1,328		10,699		12,027		(6,825)	1993

Total Denver, Colorado		20			37,049		153,376		16,012		37,114		169,323		206,437		(46,512)


				Initial Costs to Prologis				Costs Capitalized Subsequent To Acquisition		Gross Amounts At Which Carried as of December 31, 2011						Accumulated Depreciation (c)		Date of Construction/ Acquisition
Description	No. of Bldgs.		Encum- brances	Land		Building & Improvements		Costs Capitalized Subsequent To Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)		Date of Construction/ Acquisition
El Paso, Texas
Billy the Kid Distribution Center		1	-		273		1,547		1,629		273		3,176		3,449		(1,930)	1994
Northwestern Corporate Center		5	(e)		981		-		20,853		1,986		19,848		21,834		(9,584)	1992,1993,1994,1997
Vista Del Sol Industrial Center II		2	(e)		366		-		7,788		796		7,358		8,154		(3,390)	1997,1998

Total El Paso, Texas		8			1,620		1,547		30,270		3,055		30,382		33,437		(14,904)

Houston, Texas
Blalock Distribution Center		2	-		595		3,370		1,259		595		4,629		5,224		(1,602)	2002
Crosstimbers Distribution Center		1	-		359		2,035		1,146		359		3,181		3,540		(1,939)	1994
Kempwood Business Center		4	(e)		1,746		9,894		2,593		1,746		12,487		14,233		(5,240)	2001
Northpark Distribution Center		3	(d)		3,873		16,568		2,683		3,873		19,251		23,124		(2,253)	2006,2008
Perimeter Distribution Center		2	-		813		4,604		1,459		813		6,063		6,876		(2,852)	1999
Pine Forest Business Center		9	-		2,665		14,132		7,021		2,665		21,153		23,818		(12,043)	1993,1995
Pine North Distribution Center		2	-		847		4,800		968		847		5,768		6,615		(2,727)	1999
Pinemont Distribution Center		2	-		642		3,636		781		642		4,417		5,059		(2,089)	1999
Post Oak Business Center		15	-		3,005		15,378		9,958		3,005		25,336		28,341		(15,411)	1993,1994,1996
Post Oak Distribution Center		7	-		2,039		12,017		6,792		2,039		18,809		20,848		(12,495)	1993,1994
South Loop Distribution Center		4	-		932		4,969		4,737		934		9,704		10,638		(6,123)	1994
Southland Distribution Center		1	-		1,209		6,849		1,812		1,209		8,661		9,870		(2,344)	2002
West by Northwest Industrial Center		3	-		468		2,149		4,301		664		6,254		6,918		(3,793)	1993,1994
White Street Distribution Center		1	-		469		2,656		1,719		469		4,375		4,844		(2,553)	1995

Total Houston, Texas		56			19,662		103,057		47,229		19,860		150,088		169,948		(73,464)

Indianapolis, Indiana
Eastside Distribution Center		1	-		228		1,187		1,457		299		2,573		2,872		(1,389)	1995
North by Northeast Corporate Center		1	-		1,058		-		8,175		1,059		8,174		9,233		(3,755)	1995
Park 100 Industrial Center		6	(d)		2,797		9,631		12,843		2,797		22,474		25,271		(12,903)	1995
Shadeland Industrial Center		3	-		428		2,431		2,390		429		4,820		5,249		(3,169)	1995

Total Indianapolis, Indiana		11			4,511		13,249		24,865		4,584		38,041		42,625		(21,216)

Las Vegas, Nevada
Black Mountain Distribution Center		2	-		1,108		-		7,393		1,206		7,295		8,501		(3,420)	1997
Cameron Business Center		1	-		1,634		9,255		596		1,634		9,851		11,485		(4,254)	1999
Sunrise Ind Park		1	-		1,400		5,600		3		1,401		5,602		7,003		(50)	2011
West One Business Center		4	-		2,468		13,985		3,956		2,468		17,941		20,409		(9,036)	1996

Total Las Vegas, Nevada		8			6,610		28,840		11,948		6,709		40,689		47,398		(16,760)

Louisville, Kentucky
Airpark Commerce Center		3	-		1,361		7,418		6,170		1,361		13,588		14,949		(8,374)	1998
Cedar Grove Distribution Center		2	-		6,025		30,404		811		6,025		31,215		37,240		(5,252)	2005,2008
Commerce Crossings Distribution Center		1	-		1,912		7,649		92		1,912		7,741		9,653		(1,708)	2005
I-65 Meyer Dist. Center		1	-		4,258		-		23,938		4,565		23,631		28,196		(3,308)	2006
Riverport Distribution Center		1	-		1,515		8,585		2,596		1,515		11,181		12,696		(4,794)	1999

Total Louisville, Kentucky		8			15,071		54,056		33,607		15,378		87,356		102,734		(23,436)

Memphis, Tennessee
Airport Distribution Center		5	-		1,363		5,150		5,727		1,374		10,866		12,240		(6,626)	1995,1996,1999
Centerpointe Distribution Center		1	-		1,401		9,019		1,158		1,401		10,177		11,578		(4,120)	2001
Delp Distribution Center		4	-		1,746		13,980		(1,291)		1,746		12,689		14,435		(8,040)	1995,1999
DeSoto Distribution Center		1	-		4,761		-		26,792		4,761		26,792		31,553		(2,874)	2007
Fred Jones Distribution Center		1	-		125		707		396		125		1,103		1,228		(680)	1994
Memphis Distribution Center		1	-		480		2,722		449		481		3,170		3,651		(1,141)	2002
Olive Branch Distribution Center		1	-		2,892		16,389		2,859		2,892		19,248		22,140		(9,178)	1999
Raines Distribution Center		1	-		1,635		4,262		9,638		1,635		13,900		15,535		(8,247)	1998
Southpark Distribution Center		1	-		859		4,866		1,701		859		6,567		7,426		(1,578)	2003
Willow Lake Distribution Center		1	-		613		3,474		(71)		613		3,403		4,016		(1,753)	1999

Total Memphis, Tennessee		17			15,875		60,569		47,358		15,887		107,915		123,802		(44,237)

Minneapolis, Minnesota
Corporate Square Industrial		1	-		1,105		3,096		13		1,105		3,109		4,214		(129)	2011
Minneapolis Distribution Port		3	-		7,650		22,411		70		7,650		22,481		30,131		(816)	2011
Minneapolis Industrial Port IV		1	-		1,678		4,301		-		1,678		4,301		5,979		(159)	2011
Twin Cities		1	-		3,687		8,921		229		3,687		9,150		12,837		(461)	2011

Total Minneapolis, Minnesota		6			14,120		38,729		312		14,120		39,041		53,161		(1,565)


				Initial Costs to Prologis				Costs Capitalized Subsequent To Acquisition		Gross Amounts At Which Carried as of December 31, 2011						Accumulated Depreciation (c)		Date of Construction/ Acquisition
Description	No. of Bldgs.		Encum- brances	Land		Building & Improvements		Costs Capitalized Subsequent To Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)		Date of Construction/ Acquisition
Nashville, Tennessee
Bakertown Distribution Center		2	-		463		2,626		900		463		3,526		3,989		(2,015)	1995
I-40 Industrial Center		4	-		1,711		9,698		1,622		1,712		11,319		13,031		(5,949)	1995,1996,1999
Interchange City Distribution Center		1	(e)		143		864		4,443		657		4,793		5,450		(2,579)	1998
Space Park South Distribution Center		15	-		3,499		19,830		11,310		3,499		31,140		34,639		(19,280)	1994

Total Nashville, Tennessee		22			5,816		33,018		18,275		6,331		50,778		57,109		(29,823)

New Jersey /New York City
Bellmawr Distribution Center		1	-		211		1,197		384		211		1,581		1,792		(880)	1999
Brunswick Distribution Center		2	(e)		870		4,928		2,073		870		7,001		7,871		(4,362)	1997
Chester Distribution Center		1	-		548		5,319		300		548		5,619		6,167		(3,629)	2002
Clifton Dist Ctr		1	-		8,064		12,096		156		8,064		12,252		20,316		(776)	2010
Dellamor		7	(d)		6,710		35,478		17		6,710		35,495		42,205		(1,251)	2011
Docks Corner SG (Phase II)		1	-		16,232		19,264		404		16,232		19,668		35,900		(1,091)	2011
Exit 10 Distribution Center		7	(d)		24,152		130,270		3,378		24,152		133,648		157,800		(28,571)	2005,2010
Exit 8A Distribution Center		1	-		7,626		44,103		474		7,787		44,416		52,203		(9,707)	2005
Fairfalls Portfolio		28	(d)		20,388		88,294		1,224		20,388		89,518		109,906		(3,051)	2011
Franklin Comm Ctr		1	-		9,304		23,768		58		9,304		23,826		33,130		(666)	2011
Highway 17 55 Madis		1	-		2,937		13,477		16		2,937		13,493		16,430		(460)	2011
JFK Air Cargo		11	-		8,175		45,058		593		8,175		45,651		53,826		(1,467)	2011
JFK Airport Park		1	-		3,233		9,423		-		3,233		9,423		12,656		(380)	2011
Kilmer Distribution Center		4	(d)		2,526		14,313		3,000		2,526		17,313		19,839		(9,783)	1996
Liberty Log Ctr		1	-		3,273		24,029		11		3,273		24,040		27,313		(590)	2011
Linden Industrial		1	-		1,321		7,523		48		1,321		7,571		8,892		(225)	2011
Mahwah Corporate Center		4	-		12,695		27,342		-		12,695		27,342		40,037		(905)	2011
Meadow Lane		1	-		1,036		6,388		-		1,036		6,388		7,424		(212)	2011
Meadowland Distribution Center		4	(d)		10,271		57,480		2,420		10,271		59,900		70,171		(13,220)	2005
Meadowland Industrial Center		7	(d)		4,190		13,469		16,544		4,190		30,013		34,203		(16,824)	1996,1998
Meadowlands ALFII		3	(d)		3,972		18,895		-		3,972		18,895		22,867		(581)	2011
Meadowlands Cross Dock		1	-		1,607		5,049		-		1,607		5,049		6,656		(172)	2011
Meadowlands Park		8	-		6,898		41,471		209		6,898		41,680		48,578		(1,375)	2011
Mooncreek Distribution Center		1	-		3,319		13,422		11		3,319		13,433		16,752		(483)	2011
Mt. Laurel Distribution Center		2	-		588		2,885		1,469		592		4,350		4,942		(2,171)	1999
Murray Hill Parkway		2	-		2,907		12,040		53		2,907		12,093		15,000		(378)	2011
Newark Airport I and II		2	-		2,757		8,748		-		2,757		8,748		11,505		(270)	2011
Orchard Hill		1	(d)		678		3,756		-		678		3,756		4,434		(132)	2011
Pennsauken Distribution Center		2	-		192		959		417		203		1,365		1,568		(654)	1999
Porete Avenue Warehouse		1	-		5,386		21,869		-		5,386		21,869		27,255		(611)	2011
Port Reading Business Park		1	(d)		3,370		-		24,453		3,370		24,453		27,823		(4,890)	2005
Portview Commerce Center		2	(d)		2,644		21,581		1,835		2,644		23,416		26,060		(747)	2011
Skyland Crossdock		1	-		-		9,831		217		-		10,048		10,048		(316)	2011
Teterboro Meadowlands 15		1	(d)		5,837		23,214		-		5,837		23,214		29,051		(715)	2011
Tri-Port Distribution Ctr		1	-		9,200		1,523		-		9,200		1,523		10,723		(132)	2011
Two South Middlesex		1	-		4,389		8,409		-		4,389		8,409		12,798		(330)	2011

Total New Jersey /New York City		115			197,506		776,871		59,764		197,682		836,459		1,034,141		(112,007)

On Tarmac
BWI Cargo Center E		1	-		-		10,725		-		-		10,725		10,725		(820)	2011
DAY Cargo Center		5	-		-		4,749		32		-		4,781		4,781		(254)	2011
DFW Cargo Center 1		1	-		-		35,117		-		-		35,117		35,117		(1,061)	2011
DFW Cargo Center 2		1	-		-		27,916		14		-		27,930		27,930		(820)	2011
DFW Cargo Center East		3	-		-		19,730		-		-		19,730		19,730		(863)	2011
IAD Cargo Center 5		1	-		-		43,060		20		-		43,080		43,080		(4,417)	2011
JAX Cargo Center		1	-		-		2,892		-		-		2,892		2,892		(166)	2011
JFK Cargo Center 75_77		2	-		-		35,916		733		-		36,649		36,649		(5,762)	2011
LAX Cargo Center		3	-		-		19,217		-		-		19,217		19,217		(917)	2011
MCI Cargo Center 1		1	-		-		2,781		3		-		2,784		2,784		(231)	2011
MCI Cargo Center 2		1	(d)		-		13,096		-		-		13,096		13,096		(561)	2011
PDX Cargo Center Airtrans		2	-		-		13,697		-		-		13,697		13,697		(540)	2011
PHL Cargo Center C2		1	-		-		11,966		25		-		11,991		11,991		(789)	2011
RNO Cargo Center 10_11		2	-		-		4,265		-		-		4,265		4,265		(196)	2011
SEA Cargo Center North		2	(d)		-		14,170		14		-		14,184		14,184		(1,373)	2011
SEA Cargo Center South		1	-		-		2,745		10		-		2,755		2,755		(484)	2011
Sea Cargo Ctr North 6		1	-		-		3,344		-		-		3,344		3,344		(92)	2011

Total On Tarmac		29			-		265,386		851		-		266,237		266,237		(19,346)


				Initial Costs to Prologis				Costs Capitalized Subsequent To Acquisition		Gross Amounts At Which Carried as of December 31, 2011						Accumulated Depreciation (c)		Date of Construction/ Acquisition
Description	No. of Bldgs.		Encum- brances	Land		Building & Improvements		Costs Capitalized Subsequent To Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)		Date of Construction/ Acquisition
Orlando, Florida
Beltway Commerce Center		3	(e)		17,082		25,526		3,619		17,082		29,145		46,227		(1,932)	2008
Chancellor Distribution Center		1	-		380		2,157		2,000		380		4,157		4,537		(2,320)	1994
Chancellor Square		3	-		2,087		9,708		48		2,087		9,756		11,843		(294)	2011
Consulate Distribution Center		3	(e)		4,148		23,617		1,457		4,148		25,074		29,222		(11,288)	1999
LaQuinta Distribution Center		1	-		354		2,006		1,947		354		3,953		4,307		(2,616)	1994
Presidents Drive		6	-		6,845		31,180		151		6,845		31,331		38,176		(1,054)	2011
Sand Lake Service Center		6	-		3,704		19,546		465		3,704		20,011		23,715		(619)	2011

Total Orlando, Florida		23			34,600		113,740		9,687		34,600		123,427		158,027		(20,123)

Phoenix, Arizona
24th Street Industrial Center		2	-		503		2,852		1,730		561		4,524		5,085		(3,002)	1994
Alameda Distribution Center		2	-		3,872		14,358		2,240		3,872		16,598		20,470		(3,757)	2005
Hohokam 10 Business Center		1	(e)		1,317		7,468		925		1,318		8,392		9,710		(3,580)	1999
I-10 West Business Center		3	-		263		1,525		1,058		263		2,583		2,846		(1,625)	1993
Kyrene Commons Distribution Center		3	(e)		1,093		5,475		2,036		1,093		7,511		8,604		(4,095)	1992,1998,1999
Papago Distribution Center		3	-		4,828		20,017		4,027		4,829		24,043		28,872		(6,486)	1994,2005
Riverside Dist Ctr (PHX)		1	-		1,783		7,130		-		1,783		7,130		8,913		(153)	2011
Roosevelt Distribution Center		1	-		1,766		7,065		116		1,766		7,181		8,947		(1,580)	2005
Tolleson Distribution Center		1	-		1,990		7,960		110		1,990		8,070		10,060		(117)	2011
University Dr Distribution Center		1	-		683		2,735		184		683		2,919		3,602		(674)	2005
Watkins Street Distribution Center		1	-		242		1,375		471		243		1,845		2,088		(1,133)	1995
Wilson Drive Distribution Center		1	-		1,273		5,093		856		1,273		5,949		7,222		(1,232)	2005

Total Phoenix, Arizona		20			19,613		83,053		13,753		19,674		96,745		116,419		(27,434)

Portland, Oregon
Columbia Distribution Center		2	-		550		3,121		1,176		551		4,296		4,847		(2,758)	1994
PDX Corporate Center North Phase II		1	(d)(f)		5,051		9,895		1,673		5,051		11,568		16,619		(1,059)	2008
Southshore Corporate Center		5	(d)(f)		13,061		52,299		(1,873)		13,273		50,214		63,487		(11,480)	2005,2006
Wilsonville Corporate Center		3	(d)		1,570		-		7,698		1,588		7,680		9,268		(4,188)	1995

Total Portland, Oregon		11			20,232		65,315		8,674		20,463		73,758		94,221		(19,485)

Reno, Nevada
Golden Valley Distribution Center		1	(d)		940		13,686		2,100		2,415		14,311		16,726		(3,115)	2005
Meredith Kleppe Business Center		1	-		526		753		3,585		526		4,338		4,864		(2,607)	1993
Packer Way Distribution Center		2	-		506		2,879		1,623		506		4,502		5,008		(3,039)	1993
Tahoe-Reno Industrial Center		1	-		3,281		-		23,533		3,281		23,533		26,814		(2,626)	2007
Vista Industrial Park		6	(d)(e)		5,923		26,807		8,559		5,923		35,366		41,289		(13,697)	1994,2001

Total Reno, Nevada		11			11,176		44,125		39,400		12,651		82,050		94,701		(25,084)

San Antonio, Texas
City Park East Distribution Center		4	-		1,334		9,645		1,672		1,334		11,317		12,651		(2,126)	2003,2008
Coliseum Distribution Center		1	-		428		-		5,105		465		5,068		5,533		(3,276)	1994
Macro Distribution Center		3	(e)		1,705		9,024		2,698		1,705		11,722		13,427		(3,113)	2002
Rittiman East Industrial Park		5	-		5,902		23,746		1,153		5,902		24,899		30,801		(4,762)	2006
Rittiman West Industrial Park		2	-		1,230		4,950		708		1,230		5,658		6,888		(1,145)	2006
San Antonio Distribution Center I		6	-		1,203		4,648		6,753		1,203		11,401		12,604		(7,371)	1993
San Antonio Distribution Center II		3	-		885		-		6,778		885		6,778		7,663		(3,715)	1994
San Antonio Distribution Center III		1	-		383		3,220		99		387		3,315		3,702		(2,045)	1996
Tri-County Distribution Center		2	(d)		3,183		12,743		530		3,184		13,272		16,456		(1,993)	2007
Valley Industrial Center		1	-		363		-		4,826		363		4,826		5,189		(2,111)	1997
Woodlake Distribution Center		2	-		248		1,405		1,237		248		2,642		2,890		(1,901)	1994

Total San Antonio, Texas		30			16,864		69,381		31,559		16,906		100,898		117,804		(33,558)

San Francisco Bay Area, California
Acer Distribution Center		1	(d)		3,368		15,139		133		3,368		15,272		18,640		(517)	2011
Albrae Business Center		1	(d)		2,771		7,536		-		2,771		7,536		10,307		(278)	2011
Alvarado Business Center		10	(d)		20,739		62,595		3,319		20,739		65,914		86,653		(14,791)	2005
Arques Business Pk		2	-		4,895		12,848		11		4,895		12,859		17,754		(402)	2011
Bayshore Distribution Center		1	-		6,450		15,049		400		6,450		15,449		21,899		(157)	2011
Bayside Corporate Center		7	(e)		4,365		-		19,899		4,365		19,899		24,264		(11,152)	1995,1996
Bayside Plaza I		12	-		5,212		18,008		6,225		5,216		24,229		29,445		(14,417)	1993
Bayside Plaza II		2	-		634		-		3,347		634		3,347		3,981		(2,163)	1994
Brennan Distribution		1	(d)		1,912		7,553		7		1,912		7,560		9,472		(270)	2011
Chabot Commerce Ctr		2	-		5,222		13,697		2,866		5,222		16,563		21,785		(565)	2011


				Initial Costs to Prologis				Costs Capitalized Subsequent To Acquisition			Gross Amounts At Which Carried as of December 31, 2011						Accumulated Depreciation (c)			Date of Construction/ Acquisition
Description	No. of Bldgs.		Encum- brances	Land		Building & Improvements		Costs Capitalized Subsequent To Acquisition			Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)			Date of Construction/ Acquisition
Component Drive Ind Port		3	-		2,829		13,532		92			2,829		13,624		16,453		(456	)	2011
Cypress		1	-		1,065		5,103		13			1,065		5,116		6,181		(170	)	2011
Dado Distribution		1	-		2,194		11,079		141			2,194		11,220		13,414		(386	)	2011
Doolittle Distribution Center		1	-		2,843		18,849		198			2,843		19,047		21,890		(551	)	2011
Dowe Industrial Center		2	(d)		5,884		20,400		78			5,884		20,478		26,362		(717	)	2011
Dublin Ind Portfolio		1	-		3,241		15,951		-			3,241		15,951		19,192		(472	)	2011
East Bay Doolittle		1	-		4,015		15,988		-			4,015		15,988		20,003		(577	)	2011
East Grand Airfreight		2	(d)		3,977		11,730		19			3,977		11,749		15,726		(355	)	2011
Edgewater Industrial Center		1	-		6,630		31,153		99			6,630		31,252		37,882		(1,082	)	2011
Eigenbrodt Way Distribution Center		1	(d)		393		2,228		584			393		2,812		3,205		(1,738	)	1993
Gateway Corporate Center		10	-		6,736		24,747		7,286			6,744		32,025		38,769		(19,711	)	1993
Hayward Commerce Center		4	-		1,933		10,955		2,893			1,933		13,848		15,781		(8,412	)	1993
Hayward Distribution Center		4	(d)		1,693		10,466		5,806			2,114		15,851		17,965		(10,128	)	1993
Hayward Ind-Hathaway		2	-		6,177		8,271		(8	)		6,177		8,263		14,440		(631	)	2011
Hayward Industrial Center		13	(d)		4,481		25,393		7,384			4,481		32,777		37,258		(19,974	)	1993
Junction Industrial Park		4	-		7,658		39,106		616			7,658		39,722		47,380		(1,143	)	2011
Lakeside BC		2	-		7,280		25,133		323			7,280		25,456		32,736		(676	)	2011
Laurelwood Drive		2	-		3,941		13,161		16			3,941		13,177		17,118		(391	)	2011
Lawrence SSF		1	-		2,189		7,498		13			2,189		7,511		9,700		(249	)	2011
Livermore Distribution Center		4	-		8,992		26,976		1,680			8,992		28,656		37,648		(6,689	)	2005
Manzanita R and D		1	-		1,420		3,454		-			1,420		3,454		4,874		(105	)	2011
Martin-Scott Ind Port		2	-		3,546		9,717		-			3,546		9,717		13,263		(95	)	2011
Moffett Distribution		7	(d)		16,889		30,590		50			16,889		30,640		47,529		(1,022	)	2011
Moffett Park-Bordeaux R and D		4	-		6,663		19,552		26			6,663		19,578		26,241		(659	)	2011
Moffett Park R and D Portfolio		10	-		19,466		50,781		567			19,466		51,348		70,814		(1,851	)	2011
North First Dist Ctr		1	-		1,656		3,864		-			1,656		3,864		5,520		(45	)	2011
Oakland Industrial Center		3	(d)		8,234		24,704		1,907			8,235		26,610		34,845		(5,816	)	2005
Overlook Distribution Center		1	(e)		1,573		8,915		120			1,573		9,035		10,608		(3,917	)	1999
Pacific Business Center		2	-		6,075		26,260		122			6,075		26,382		32,457		(785	)	2011
Pacific Commons Industrial Center		6	(d)(f)		27,568		82,855		1,933			27,591		84,765		112,356		(18,790	)	2005
Pacific Industrial Center		6	(d)		21,676		65,083		2,134			21,675		67,218		88,893		(15,098	)	2005
San Leandro Distribution Center		3	(d)		1,387		7,862		2,306			1,387		10,168		11,555		(6,318	)	1993
Shoreline Business Center		8	-		4,328		16,101		3,733			4,328		19,834		24,162		(11,545	)	1993
Silicon Valley R and D		4	-		6,059		21,762		198			6,059		21,960		28,019		(682	)	2011
South Bay Brokaw		3	-		4,014		23,296		371			4,014		23,667		27,681		(696	)	2011
South Bay Junction		2	-		3,662		21,120		74			3,662		21,194		24,856		(637	)	2011
South Bay Lundy		2	-		6,500		33,642		563			6,500		34,205		40,705		(1,006	)	2011
Spinnaker Business Center		12	-		7,043		25,220		7,555			7,043		32,775		39,818		(19,483	)	1993
Thornton Business Center		4	-		2,047		11,706		2,913			2,066		14,600		16,666		(8,326	)	1993
TriPoint Bus Park		4	-		9,057		23,727		2,606			9,057		26,333		35,390		(701	)	2011
Utah Airfreight		1	(d)		10,657		42,842		39			10,657		42,881		53,538		(1,294	)	2011
Wiegman Road		1	-		2,285		12,531		-			2,285		12,531		14,816		(333	)	2011
Willow Park Ind - Ph 1		7	-		6,628		18,118		149			6,628		18,267		24,895		(692	)	2011
Willow Park Ind - Ph 2 and 3		4	-		15,086		27,044		304			15,086		27,348		42,434		(1,008	)	2011
Willow Park Ind - Ph 4 5 7 8		8	-		12,131		65,486		1,457			12,131		66,943		79,074		(2,015	)	2011
Willow Park Ind - Ph 6		2	-		3,696		20,929		632			3,696		21,561		25,257		(713	)	2011
Yosemite Drive		1	-		2,439		12,068		157			2,439		12,225		14,664		(350	)	2011
Zanker-Charcot Industrial		5	-		4,867		28,750		111			4,867		28,861		33,728		(845	)	2011
Total San Francisco Bay Area, California		213			356,371		1,228,123		93,467			356,846		1,321,115		1,677,961		(224,047	)
Savannah, Georgia
Morgan Bus Ctr		1	-		2,161		14,680		6			2,161		14,686		16,847		(389	)	2011
Total Savannah, Georgia		1			2,161		14,680		6			2,161		14,686		16,847		(389	)
Seattle, Washington
East Valley Warehouse		1	-		10,472		57,825		-			10,472		57,825		68,297		(1,575	)	2011
Harvest Business Park		3	(f)		3,541		18,827		35			3,541		18,862		22,403		(551	)	2011
Kent Centre Corporate Park		4	(f)		5,397		21,599		(152	)		5,397		21,447		26,844		(642	)	2011
Kingsport Industrial Park		7	-		16,605		48,942		393			16,605		49,335		65,940		(1,822	)	2011
NDP -Seattle		1	(f)		1,936		3,901		50			1,936		3,951		5,887		(128	)	2011
Northwest Distribution Center		3	(f)		5,114		24,090		249			5,114		24,339		29,453		(707	)	2011
ProLogis Park SeaTac		2	(d)		12,230		14,170		3,336			12,457		17,279		29,736		(1,420	)	2008
Puget Sound Airfreight		1	-		1,408		4,201		36			1,408		4,237		5,645		(133	)	2011
Renton Northwest Corp. Park		4	(d)		5,102		17,946		110			5,102		18,056		23,158		(612	)	2011
Sumner Landing		1	-		10,332		32,545		-			10,332		32,545		42,877		(848	)	2011
Total Seattle, Washington		27			72,137		244,046		4,057			72,364		247,876		320,240		(8,438	)


				Initial Costs to Prologis				Costs Capitalized Subsequent To Acquisition		Gross Amounts At Which Carried as of December 31, 2011						Accumulated Depreciation (c)		Date of Construction/ Acquisition
Description	No. of Bldgs.		Encum- brances	Land		Building & Improvements		Costs Capitalized Subsequent To Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)		Date of Construction/ Acquisition
South Florida
Airport West Distribution Center		2	(d)(e)		1,253		3,825		3,628		1,974		6,732		8,706		(3,066)	1995,1998
Beacon Centre		18	-		37,998		196,004		943		37,998		196,947		234,945		(5,508)	2011
Beacon Industrial Park		8	(d)		20,139		68,093		384		20,139		68,477		88,616		(1,961)	2011
Blue Lagoon Business Park		2	(d)		9,189		29,451		781		9,189		30,232		39,421		(904)	2011
Boca Distribution Center		1	-		1,474		5,918		772		1,474		6,690		8,164		(1,215)	2006
CenterPort Distribution Center		3	-		2,083		11,806		1,377		2,202		13,064		15,266		(5,833)	1999
Cobia Distribution Center		2	(d)		4,632		13,903		4		4,632		13,907		18,539		(456)	2011
Copans Distribution Center		2	-		504		2,857		1,015		504		3,872		4,376		(1,725)	1997,1998
Dade Distribution Center		1	-		2,589		14,669		301		2,589		14,970		17,559		(3,395)	2005
Dolphin Distribution Center		1	(d)		2,716		7,364		599		2,716		7,963		10,679		(266)	2011
International Corp Park		2	-		10,596		15,898		343		10,596		16,241		26,837		(1,011)	2010
Marlin Distribution Center		1	-		1,844		6,603		3		1,844		6,606		8,450		(229)	2011
Miami Airport Business Center		6	-		11,173		45,921		986		11,173		46,907		58,080		(1,431)	2011
North Andrews Distribution Center		1	-		698		3,956		198		698		4,154		4,852		(2,371)	1994
Pompano Beach Distribution Center		3	-		11,035		15,136		3,176		11,035		18,312		29,347		(1,284)	2008
Pompano Center of Commer		5	-		5,171		13,930		115		5,171		14,045		19,216		(406)	2011
Port Lauderdale Distribution Center		2	(d)		896		-		8,988		2,205		7,679		9,884		(3,216)	1997
ProLogis Park I-595		2	(d)		1,998		11,326		604		1,999		11,929		13,928		(3,683)	2003
Sawgrass Distribution Center		2	-		10,016		-		14,740		10,016		14,740		24,756		(786)	2009
Tarpon Distribution Center		1	(d)		1,847		6,451		60		1,847		6,511		8,358		(240)	2011
Total South Florida		65			137,851		473,111		39,017		140,001		509,978		649,979		(38,986)
Southern California
Anaheim Industrial Center		13	(d)		32,275		59,983		2,074		32,275		62,057		94,332		(13,673)	2005
Anaheim Industrial Property		1	-		5,096		10,816		-		5,096		10,816		15,912		(338)	2011
Artesia Industrial		21	-		72,538		151,404		507		72,538		151,911		224,449		(5,097)	2011
Bell Ranch Distribution		4	-		5,539		23,092		167		5,539		23,259		28,798		(724)	2011
Carob Distribution Center		1	-		3,316		4,974		-		3,316		4,974		8,290		(91)	2011
Carson Industrial		12	-		13,608		32,802		117		13,608		32,919		46,527		(1,115)	2011
Carson Town Center		2	-		11,781		31,572		35		11,781		31,607		43,388		(909)	2011
Chartwell Distribution Center		1	-		6,417		16,964		-		6,417		16,964		23,381		(529)	2011
Crossroads Business Park		7	(d)		21,393		82,655		96,885		74,914		126,019		200,933		(22,904)	2005,2010
Del Amo Industrial Center		1	-		7,471		17,889		156		7,471		18,045		25,516		(624)	2011
Dominguez North Industrial Center		2	(d)		7,340		13,739		248		7,366		13,961		21,327		(2,448)	2007
Eaves Distribution Center		3	(d)		13,914		31,041		37		13,914		31,078		44,992		(1,129)	2011
Ford Distribution Cntr		7	-		29,895		81,433		51		29,895		81,484		111,379		(2,947)	2011
Fordyce Distribution Center		1	(d)		6,110		19,485		16		6,110		19,501		25,611		(707)	2011
Fullerton Industrial Center		1	-		3,831		7,115		201		3,831		7,316		11,147		(1,638)	2005
Harris Bus Ctr Alliance II		9	(d)		13,134		66,195		419		13,134		66,614		79,748		(2,014)	2011
Haven Distribution Center		4	(d)		96,975		73,903		7,227		96,975		81,130		178,105		(7,015)	2008
Industry Distribution Center		7	(d)(f)		50,268		93,355		3,207		50,268		96,562		146,830		(21,428)	2005
Inland Empire Distribution Center		4	(d)		31,581		56,330		6,756		32,360		62,307		94,667		(14,323)	2005
International Multifoods		1	-		4,700		8,036		305		4,700		8,341		13,041		(270)	2011
Kaiser Distribution Center		8	(d)(f)		130,680		242,618		15,519		136,030		252,787		388,817		(53,062)	2005,2008
Los Angeles Industrial Center		2	-		3,777		7,015		326		3,777		7,341		11,118		(1,670)	2005
Meridian Park		1	-		12,931		24,268		85		12,931		24,353		37,284		(3,385)	2008
Mid Counties Industrial Center		15	(d)		49,607		87,344		11,617		49,607		98,961		148,568		(22,703)	2005,2006,2010
NDP - Los Angeles		5	-		14,855		41,115		210		14,855		41,325		56,180		(1,449)	2011
Normandie Industrial		1	-		12,297		14,957		301		12,297		15,258		27,555		(614)	2011
North County Dist Ctr		1	-		7,344		11,016		11		7,344		11,027		18,371		(132)	2011
Orange Industrial Center		2	-		5,930		11,014		433		5,930		11,447		17,377		(2,468)	2005
ProLogis Park Ontario		2	(d)		25,499		47,366		501		25,499		47,867		73,366		(8,133)	2007
Rancho Cucamonga Distribution Center		4	(d)(f)		46,471		86,305		324		46,472		86,628		133,100		(19,195)	2005
Redlands Distribution Center		2	(d)		21,543		43,423		28,322		22,810		70,478		93,288		(9,116)	2006,2007
Riverbluff Distribution Center		1	(d)		42,964		-		32,798		42,964		32,798		75,762		(3,223)	2009
Santa Ana Distribution Center		2	-		4,318		8,019		646		4,318		8,665		12,983		(1,852)	2005
South Bay Distribution Center		4	(d)		14,478		27,511		2,909		15,280		29,618		44,898		(6,495)	2005,2007
Spinnaker Logistics		1	(d)		13,483		23,042		526		13,483		23,568		37,051		(754)	2011
Stadium BP		1	-		7,628		1,284		-		7,628		1,284		8,912		(140)	2011
Starboard Distribution Ctr		1	-		18,763		53,824		-		18,763		53,824		72,587		(1,639)	2011
Sunset Dist. Center		3	(d)		9,614		21,168		(54)		9,614		21,114		30,728		(764)	2011
Triton Distribution Center		1	(d)		11,336		9,211		-		11,336		9,211		20,547		(372)	2011
Van Nuys Airport Industrial		4	-		23,455		39,916		168		23,455		40,084		63,539		(1,215)	2011
Vernon Distribution Center		15	-		25,439		47,250		2,670		25,441		49,918		75,359		(11,423)	2005


				Initial Costs to Prologis				Costs Capitalized Subsequent To Acquisition		Gross Amounts At Which Carried as of December 31, 2011						Accumulated Depreciation (c)		Date of Construction/ Acquisition
Description	No. of Bldgs.		Encum- brances	Land		Building & Improvements		Costs Capitalized Subsequent To Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)		Date of Construction/ Acquisition
Vernon Industrial		2	-		3,626		3,319		147		3,626		3,466		7,092		(383)	2011
Vista Rialto Distrib Ctr		1	-		5,885		25,991		-		5,885		25,991		31,876		(663)	2011
Walnut Drive		1	-		2,665		7,397		-		2,665		7,397		10,062		(227)	2011
Watson Industrial Center AFdII		1	(d)		6,944		11,193		-		6,944		11,193		18,137		(370)	2011
Wilmington Avenue Warehouse		2	-		11,172		34,723		6		11,173		34,728		45,901		(1,043)	2011

Total Southern California		185			969,886		1,813,072		215,873		1,031,635		1,967,196		2,998,831		(252,413)

St. Louis, Missouri
Earth City Industrial Center		5	-		2,225		12,819		5,239		2,226		18,057		20,283		(9,754)	1997,1998
Westport Distribution Center		1	-		365		1,247		2,263		365		3,510		3,875		(1,697)	1997

Total St. Louis, Missouri		6			2,590		14,066		7,502		2,591		21,567		24,158		(11,451)

Tampa, Florida
Adamo Distribution Center		1	-		105		1,446		-		105		1,446		1,551		(904)	1995
Madison Distribution Center		1	-		-		5,313		(946)		3,188		1,179		4,367		(297)	2007
Sabal Park Distribution Center		6	(d)		1,933		-		18,920		2,269		18,584		20,853		(8,352)	1996,1997,1998
Tampa East Distribution Center		2	-		368		2,703		472		368		3,175		3,543		(1,907)	1994
Tampa West Distribution Center		1	-		578		4,051		336		578		4,387		4,965		(2,668)	1994

Total Tampa, Florida		11			2,984		13,513		18,782		6,508		28,771		35,279		(14,128)

Baltimore/Washington
1901 Park 100 Drive		1	-		2,409		7,227		899		2,409		8,126		10,535		(1,676)	2006
Airport Commons Distribution Center		2	(d)		2,320		-		9,048		2,360		9,008		11,368		(3,729)	1997
Ardmore Distribution Center		3	-		1,431		8,110		1,957		1,431		10,067		11,498		(6,136)	1994
Ardmore Industrial Center		2	-		984		5,581		1,444		985		7,024		8,009		(4,401)	1994
Beltway Distribution		1	-		9,211		33,922		167		9,211		34,089		43,300		(1,027)	2011
Corcorde Industrial Center		4	(d)		1,538		8,717		3,577		1,538		12,294		13,832		(7,446)	1995
Corridor Industrial		1	-		1,921		7,224		-		1,921		7,224		9,145		(224)	2011
Crysen Industrial		1	-		2,285		6,267		125		2,285		6,392		8,677		(209)	2011
DeSoto Business Park		6	-		2,709		12,892		8,099		2,710		20,990		23,700		(9,709)	1996,2007
Gateway Distribution Center		2	-		193		-		4,613		831		3,975		4,806		(1,612)	1998
Granite Hill Dist. Center		2	-		2,959		9,344		-		2,959		9,344		12,303		(338)	2011
Greenwood Industrial		3	-		6,828		24,253		198		6,828		24,451		31,279		(765)	2011
Meadowridge Distribution Center		1	(d)		1,757		-		6,364		1,902		6,219		8,121		(2,449)	1998
Meadowridge Industrial		3	-		4,845		20,576		301		4,845		20,877		25,722		(571)	2011
Patuxent Range Road		2	-		2,281		9,638		191		2,281		9,829		12,110		(296)	2011
Preston Court		1	-		2,326		10,146		-		2,326		10,146		12,472		(309)	2011

Total Baltimore/Washington		35			45,997		163,897		36,983		46,822		200,055		246,877		(40,897)

Mexico:
Agua Fria Ind. Park		3	(d)		2,945		24,560		-		2,945		24,560		27,505		(336)	2011
Arrayanes IP (REIT)		1	-		7,044		3,775		-		7,044		3,775		10,819		(100)	2011
Bermudez Industrial Center		2	-		1,155		4,619		3,979		1,158		8,595		9,753		(1,807)	2007
Bosques Industrial Park		1	(d)		1,983		6,256		-		1,983		6,256		8,239		(174)	2011
Carrizal Ind Park		3	(d)		2,778		37,311		-		2,778		37,311		40,089		(288)	2011
Cedros-Tepotzotlan Distribution Center		2	(d)		11,990		6,719		15,675		12,799		21,585		34,384		(3,387)	2006,2007
Centro Industrial Center		3	-		8,274		-		14,081		8,274		14,081		22,355		(1,074)	2009
Del Norte Industrial Center II		2	-		1,523		5,729		757		1,512		6,497		8,009		(471)	2008
El Puente Industrial Center		2	-		1,906		5,823		1,822		1,889		7,662		9,551		(897)	2008
El Salto Distribution Center		2	(d)		4,473		6,159		2,449		4,449		8,632		13,081		(595)	2008
Los Altos Ind Park		2	(d)		1,731		26,300		-		1,731		26,300		28,031		(201)	2011
Mezquite III prefund		1	(d)		906		16,915		-		906		16,915		17,821		(128)	2011
Monterrey Airport		3	(d)		9,263		12,878		16,331		9,218		29,254		38,472		(2,091)	2007,2008
Monterrey Industrial Park		8	(d)		12,079		32,861		2,965		12,409		35,496		47,905		(344)	1997,2011
Nor-T Distribution Center		4	-		7,247		32,135		3,148		5,898		36,632		42,530		(6,885)	2006
Ojo de Agua Ind Ctr		1	(d)		1,826		11,447		-		1,826		11,447		13,273		(95)	2011
Pacifico Distr Ctr		4	-		2,886		15,431		-		2,886		15,431		18,317		(399)	2011
Palma 1 Dist. Ctr.		1	-		1,972		4,888		-		1,972		4,888		6,860		(140)	2011
Parque Opcion		1	-		1,244		1,919		-		1,244		1,919		3,163		(71)	2011
Pharr Bridge Industrial Center		2	-		3,947		3,683		13,244		4,011		16,863		20,874		(1,384)	2008,2009
Piracanto Ind Park		4	-		11,646		36,470		-		11,646		36,470		48,116		(1,164)	2011
ProLogis Park Alamar		3	-		20,540		17,081		(1,290)		20,536		15,795		36,331		(1,418)	2008
Puente Grande Distribution Center		2	(d)		14,975		6,813		12,021		14,889		18,920		33,809		(2,043)	2008,2009


				Initial Costs to Prologis				Costs Capitalized Subsequent To Acquisition		Gross Amounts At Which Carried as of December 31, 2011						Accumulated Depreciation (c)		Date of Construction /Acquisition
Description	No. of Bldgs.		Encum- brances	Land		Building & Improvements		Costs Capitalized Subsequent To Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)		Date of Construction /Acquisition
Ramon Rivera Lara Industrial Center		1	-		444		-		4,040		2,269		2,215		4,484		(792)	2000
Toluca Distribution Center		1	(d)		7,953		-		16,521		7,952		16,522		24,474		(1,082)	2009
Tres Rios		2	-		5,333		14,600		-		5,333		14,600		19,933		(397)	2011

Total Mexico		61			148,063		334,372		105,743		149,557		438,621		588,178		(27,763)

Canada
Airport Rd. Dist Ctr		1	-		30,563		91,030		1,463		30,917		92,139		123,056		(2,332)	2011
Annagem Dist. Center		1	-		4,123		14,613		242		4,170		14,808		18,978		(389)	2011
Annagem Distrib Centre II		1	-		2,321		5,569		132		2,347		5,675		8,022		(178)	2011
Bolton Distribution Center		1	-		9,324		-		27,799		9,450		27,673		37,123		(1,297)	2009
Keele Distribution Center		1	-		1,450		5,704		209		1,469		5,894		7,363		(53)	2011
Millcreek Distribution Ctr		2	-		10,112		39,005		832		10,229		39,720		49,949		(1,025)	2011
Milton 401 Bus. Park		1	-		7,889		27,510		157		7,980		27,576		35,556		(679)	2011
Milton 402 Bus Park		1	-		7,340		23,472		612		7,425		23,999		31,424		(600)	2011
Milton Crossings Bus Pk		2	-		23,040		57,180		2,110		23,307		59,023		82,330		(1,579)	2011
Mississauga Gateway Center		1	-		2,350		6,839		1,467		2,381		8,275		10,656		(850)	2008
Pearson Logist. Ctr		2	-		14,699		52,673		994		14,869		53,497		68,366		(1,370)	2011

Total Canada		14			113,211		323,595		36,017		114,544		358,279		472,823		(10,352)

Subtotal Americas Markets:		1,445			2,904,712		8,745,563		1,633,652		3,008,369		10,275,558		13,283,927		(1,814,007)

European Markets
Austria
Himberg DC		1	-		4,000		-		6,192		4,025		6,167		10,192		(160)	2011

Total Austria		1			4,000		-		6,192		4,025		6,167		10,192		(160)

Belgium
Boom Distribution Ct		1	-		14,722		24,355		-		14,722		24,355		39,077		(696)	2011
Liege Park		1	(d)		490		19,616		-		490		19,616		20,106		(710)	2011
Tongeren Dist Ctr		1	(d)		843		15,153		-		843		15,153		15,996		(525)	2011
Vilvoorde Dist Ctr		1	(d)		4,654		10,960		-		4,654		10,960		15,614		(725)	2011
Willebroek Distribution Center		2	(d)		8,629		19,679		42		8,629		19,721		28,350		(1,398)	2011

Belgium		6			29,338		89,763		42		29,338		89,805		119,143		(4,054)

Czech Republic
Ostrava Distribution Center		2	-		7,944		57,146		(2,791)		9,552		52,747		62,299		(4,122)	2008
Prague East Dist Ctr		9	(d)		22,544		72,186		364		22,544		72,550		95,094		(3,735)	2011
Prague West		3	(d)		5,700		23,468		433		5,700		23,901		29,601		(935)	2011
Stenovice Distribution Center		3	-		4,196		32,225		13,262		4,658		45,025		49,683		(3,189)	2008,2009
Uzice Distribution Center		3	-		8,147		-		57,633		8,147		57,633		65,780		(5,719)	2007,2009

Total Czech Republic		20			48,531		185,025		68,901		50,601		251,856		302,457		(17,700)

France
Anger Dist Ctr		1	-		948		21,929		34		948		21,963		22,911		(803)	2011
Arras Dist Ctr		1	-		1,268		22,462		31		1,268		22,493		23,761		(833)	2011
Aulnay Dist Ctr		2	(d)		7,740		42,083		109		7,740		42,192		49,932		(1,448)	2011
Avignon Distribution Center		1	-		2,990		23,937		(2,210)		2,990		21,727		24,717		(1,694)	2008
Belfort Dist Ctr		1	(d)		2,451		19,986		73		2,451		20,059		22,510		(887)	2011
Blois Dist Ctr		1	-		4,837		34,643		-		4,837		34,643		39,480		(2,127)	2011
Cavaillon Dist Ctr		1	(d)		1,307		17,829		171		1,307		18,000		19,307		(701)	2011
Clesud Grans Miramas Distribution Center		6	(d)		10,919		99,725		468		10,919		100,193		111,112		(4,334)	2011
Evry Dist Ctr		5	(d)		20,065		127,254		1,337		20,065		128,591		148,656		(5,457)	2011
FM Portfolio Acquisition		3	-		24,617		83,131		338		24,617		83,469		108,086		(3,135)	2011
Isle dAbeau C		1	-		3,717		15,804		-		3,717		15,804		19,521		(438)	2011
Isle d’Abeau DC		1	-		3,750		28,384		-		3,750		28,384		32,134		(618)	2011
Isle d’Abeau Distribution Center		14	(d)		42,172		201,217		31,397		42,172		232,614		274,786		(13,907)	2006,2011
Le Havre DC		1	-		6,170		14,903		43		6,170		14,946		21,116		(387)	2011
Le Havre Distribution Center		8	(d)		14,654		99,576		16,750		14,654		116,326		130,980		(5,870)	2009,2011
LGR Genevill. 1 SAS		1	-		2,409		4,252		-		2,409		4,252		6,661		(109)	2011
LGR Genevill. 2 SAS		1	-		1,852		4,590		12		1,852		4,602		6,454		(111)	2011
Lille Dist Ctr		4	(d)		9,311		64,833		222		9,311		65,055		74,366		(2,609)	2011
Lognes Dist Ctr		1	-		3,007		10,622		16		3,007		10,638		13,645		(538)	2011
Macon Distribution Center		1	-		2,052		-		25,224		2,990		24,286		27,276		(2,877)	2006
Metz Dist Ctr		1	(d)		2,196		7,973		14		2,196		7,987		10,183		(267)	2011
Mitry Mory Distribution Center		3	-		11,975		82,372		90		11,975		82,462		94,437		(3,463)	2011


				Initial Costs to Prologis				Costs Capitalized Subsequent To Acquisition		Gross Amounts At Which Carried as of December 31, 2011						Accumulated Depreciation (c)			Date of Construction/ Acquisition
Description	No. of Bldgs.		Encum- brances	Land		Building & Improvements		Costs Capitalized Subsequent To Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)			Date of Construction/ Acquisition
Moissy Cramayel Distribution Center		2	-		5,039		6,122		18,557		5,070		24,648		29,718		(583)		2009,2011
Orleans Dist Ctr		7	(d)		20,542		131,005		908		20,542		131,913		152,455		(5,611)		2011
Plessis Dist Ctr		2	-		5,132		31,277		286		5,132		31,563		36,695		(1,075)		2011
Port of Rouen		1	-		-		25,029		-		-		25,029		25,029		(686)		2011
Rennes Distribution Center		1	-		562		-		12,091		562		12,091		12,653		(682)		2009
Savigny le Temple Dist Ctr		1	(d)		1,844		29,411		10		1,843		29,422		31,265		(1,006)		2011
Strasbourg Distribution Center		2	-		-		30,240		(3,213)		-		27,027		27,027		(2,130)		2008
Vatry Dist Ctr		2	-		2,588		39,146		149		2,589		39,294		41,883		(1,258)		2011
Vemars Distribution Center		4	-		12,769		-		48,751		12,769		48,751		61,520		(2,253)		2009
Villebon DC 1 Hldg SAS		1	-		1,368		5,727		-		1,368		5,727		7,095		(142)		2011

Total France		82			230,251		1,325,462		151,658		231,220		1,476,151		1,707,371		(68,039)

Germany
Alzenau Distribution Center		2	(d)		7,941		21,832		(1,544)		7,941		20,288		28,229		(1,142)		2008,2011
Augsburg Distribution Center		2	-		8,418		-		19,597		8,418		19,597		28,015		(991)		2009
Bingen Dist Ctr		1	(d)		5,467		12,820		12		5,467		12,832		18,299		(894)		2011
Cologne Eifeltor Distribution Center		4	-		15,542		41,754		(548)		15,620		41,128		56,748		(2,188)		2008,2011
Dradenau Dist Ctr		2	-		4,811		43,163		94		4,811		43,257		48,068		(2,691)		2011
Düsseldorf DC		1	-		5,040		8,627		3,833		5,040		12,460		17,500		(290)		2011
Gernsheim Dist Ctr		1	(d)		4,784		7,794		55		4,784		7,849		12,633		(473)		2011
Hannover Airport Dist Ctr		1	-		3,430		-		8,212		3,431		8,211		11,642		(235)		2010
Hausbruch Ind Ctr 4- B		1	-		8,932		7,426		-		8,932		7,426		16,358		(445)		2011
Hausbruch Ind Ctr 5- 650		1	-		3,215		851		-		3,215		851		4,066		(56)		2011
Heilbronn Distribution Center		3	-		12,547		-		38,307		12,547		38,307		50,854		(2,465)		2009
Herford Distribution Center		2	-		2,409		-		11,506		2,409		11,506		13,915		(604)		2009
Kolleda Distribution Center		1	-		277		4,279		(342)		277		3,937		4,214		(288)		2008
Krefeld Park		1	(d)		1,752		8,589		27		1,752		8,616		10,368		(373)		2011
Lauenau Dist Ctr		1	-		2,998		6,582		21		2,998		6,603		9,601		(289)		2011
Leipzig DC		2	-		4,297		-		8,751		4,311		8,737		13,048		(366)		2010,2011
Malsfeld Dist Ctr		1	(d)		2,406		10,615		-		2,406		10,615		13,021		(597)		2011
Martinszehnten Dist Ctr		1	-		5,190		7,560		110		5,190		7,670		12,860		(496)		2011
Meerane Distribution Center		1	-		738		5,680		(297)		738		5,383		6,121		(352)		2008
Muggensturm		2	(d)		3,805		15,249		20		3,805		15,269		19,074		(666)		2011
Munich Distribution Center		2	(d)		10,626		23,802		-		10,626		23,802		34,428		(1,377)		2011
Neustadt Dist Ctr		1	-		4,582		10,007		42		4,582		10,049		14,631		(482)		2011
Saarwellingen Dist Ctr		2	(d)		4,084		8,737		13		4,084		8,750		12,834		(440)		2011

Total Germany		36			123,291		245,367		87,869		123,384		333,143		456,527		(18,200)

Hungary
Batta Distribution Center		2	-		4,076		15,731		5,070		5,942		18,935		24,877		(1,270)		2008,2010
Budaors Dist Ctr		1	-		3,007		15,814		76		3,007		15,890		18,897		(833)		2011
Budapest Park		3	(d)		2,231		26,425		160		2,231		26,585		28,816		(1,100)		2011
Budapest Park Phase II		1	-		946		21,085		(4,428)		4,278		13,325		17,603		(1,453)		2008
Budapest- Sziget Dist. Center		1	-		2,746		9,442		(795)		2,787		8,606		11,393		(568)		2008
Harbor Park Dist Ctr		10	-		5,622		60,967		142		5,622		61,109		66,731		(3,081)		2011
Hegyeshalom Distribution Center		1	-		959		-		11,305		1,052		11,212		12,264		(1,107)		2007

Total Hungary		19			19,587		149,464		11,530		24,919		155,662		180,581		(9,412)

Italy
Arena Po Dist Ctr		2	-		8,911		23,813		66		8,911		23,879		32,790		(968)		2011
Bologna Distribution Center		1	(d)		7,702		30,955		35		7,702		30,990		38,692		(1,312)		2011
Castel San Giovanni Dist Ctr		1	-		3,703		11,151		28		3,703		11,179		14,882		(714)		2011
Cortemaggiore Dist Ctr		1	-		6,538		23,595		63		6,538		23,658		30,196		(905)		2011
Lodi Distribution Center		7	(d)		35,080		107,059		5,081		39,040		108,180		147,220		(10,498)		2005,2006,2011
Milan West Dist Ctr		1	(d)		4,412		16,938		42		4,412		16,980		21,392		(599)		2011
Piacenza Dist Ctr		4	(d)		14,268		44,670		829		14,268		45,499		59,767		(1,664)		2011
Romentino Distribution Center		4	(d)		12,107		28,774		30,466		12,107		59,240		71,347		(5,372)		2006,2011
Siziano Logis Park		1	-		11,829		26,409		-		11,829		26,409		38,238		(748)		2011
Turin Distribution Center		1	-		3,640		15,015		46		3,640		15,061		18,701		(767)		2011

Total Italy		23			108,190		328,379		36,656		112,150		361,075		473,225		(23,547	)

Netherlands
Bleiswijk DC		1	-		26,497		17,135		-		26,497		17,135		43,632		(634	)	2011
DistriPark Maasvlakte		3	-		-		27,339		239		-		27,578		27,578		(1,287	)	2011
Eemhaven Ind Park		4	-		-		44,900		-		-		44,900		44,900		(1,714	)	2011
Lijnden DC		1	-		7,567		6,009		-		7,567		6,009		13,576		(196	)	2011


				Initial Costs to Prologis				Costs Capitalized Subsequent To Acquisition		Gross Amounts At Which Carried as of December 31, 2011						Accumulated Depreciation (c)		Date of Construction/ Acquisition
Description	No. of Bldgs.		Encum- brances	Land		Building & Improvements		Costs Capitalized Subsequent To Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)		Date of Construction/ Acquisition
Moerdijk Dist Ctr		3	(d)		11,521		29,938		82		11,521		30,020		41,541		(1,304)	2011
Schiphol Dist Ctr		4	(d)		18,957		62,317		136		18,957		62,453		81,410		(2,058)	2011
Tilburg Dist Ctr		2	(d)		8,825		47,004		120		8,825		47,124		55,949		(1,622)	2011
Trade Port West Dist Ctr		3	(d)		13,315		28,352		359		13,315		28,711		42,026		(1,279)	2011
Veghel Dist Ctr		1	(d)		3,608		13,391		29		3,608		13,420		17,028		(476)	2011
Total Netherlands		22			90,290		276,385		965		90,290		277,350		367,640		(10,570)
Poland
Bedzin Distribution Center		3	(d)		6,356		23,558		8,704		6,356		32,262		38,618		(1,509)	2009,2011
Blonie II Distribution Center		2	-		6,676		-		22,757		6,677		22,756		29,433		(1,483)	2009
Blonie Ind Park		4	(d)		6,929		32,935		380		6,929		33,315		40,244		(1,324)	2011
Chorzow Distribution Center		2	-		15,353		-		47,031		15,354		47,030		62,384		(2,430)	2009
Nadarzyn Distribution Center		1	-		2,704		-		8,051		2,704		8,051		10,755		(471)	2009
Piotrkow Distribution Center		5	(d)		10,413		49,136		(326)		11,895		47,328		59,223		(2,461)	2008,2011
Piotrkow II Distribution Center		1	-		1,758		-		5,896		1,758		5,896		7,654		(356)	2009
Poznan II Distribution Center		3	(d)		5,800		16,676		8,087		5,800		24,763		30,563		(1,717)	2007,2011
Poznan Park		4	(d)		5,099		17,926		71		5,099		17,997		23,096		(856)	2011
ProLogis Park Rawa		1	-		2,883		-		10,742		2,883		10,742		13,625		(621)	2009
Sochaczew Distribution Center.		2	-		143		12,704		1,905		801		13,951		14,752		(1,173)	2008
Sosnowiec Dist Ctr		2	-		1,614		26,218		118		1,614		26,336		27,950		(1,437)	2011
Szczecin Distribution Center		1	-		3,231		21,213		148		3,231		21,361		24,592		(1,362)	2008
Teresin Dist Ctr		4	(d)		7,844		37,948		1,005		7,844		38,953		46,797		(1,824)	2011
Warsaw Ind Ctr		4	(d)		8,295		33,503		433		8,295		33,936		42,231		(1,133)	2011
Wroclaw Distribution Center		4	(d)		9,306		52,203		(1,258)		11,513		48,738		60,251		(3,955)	2008,2011
Wroclaw III Distribution Center		2	-		6,476		-		31,917		6,476		31,917		38,393		(2,020)	2009
Total Poland		45			100,880		324,020		145,661		105,229		465,332		570,561		(26,132)
Romania
Bucharest Distribution Center		4	-		7,545		32,984		12,133		9,431		43,231		52,662		(4,494)	2007,2008
Total Romania		4			7,545		32,984		12,133		9,431		43,231		52,662		(4,494)
Slovakia
Sered Distribution Center		1	-		2,611		-		14,045		2,611		14,045		16,656		(861)	2009
Total Slovakia		1			2,611		-		14,045		2,611		14,045		16,656		(861)
Spain
Alcala Dist Ctr		5	(d)		33,064		84,745		253		33,064		84,998		118,062		(4,386)	2011
Barajas MAD Logistics		4	-		-		54,025		341		-		54,366		54,366		(1,632)	2011
Coslada Dist Ctr		1	-		5,609		8,524		15		5,609		8,539		14,148		(375)	2011
Massalaves Distribution Center		1	-		2,797		-		8,845		2,796		8,846		11,642		(515)	2009
Penedes Dist Ctr		1	-		7,609		12,607		34		7,609		12,641		20,250		(843)	2011
Sallent Distribution Center		1	-		9,248		-		6,315		9,248		6,315		15,563		(355)	2009
Sant Boi Park		5	-		80,642		86,776		87		80,642		86,863		167,505		(3,755)	2011
Tarancon Distribution Center		1	-		3,664		18,206		(292)		3,664		17,914		21,578		(1,218)	2008
Valls Dist Ctr		1	-		6,537		17,761		215		6,537		17,976		24,513		(665)	2011
Zaragoza Distribution Center		1	-		22,890		-		35,032		22,890		35,032		57,922		(1,759)	2010
Total Spain		21			172,060		282,644		50,845		172,059		333,490		505,549		(15,503)
Sweden
Gothenburg Distribution Center		1	-		10,825		25,722		-		10,825		25,722		36,547		(1,333)	2011
Jonkoping Distribution Center		1	-		2,377		-		62,731		2,535		62,573		65,108		(3,274)	2009
Norrkoping Dist Ctr		2	-		16,836		40,765		-		16,836		40,765		57,601		(1,766)	2011
Orebro Dist Ctr		1	-		10,838		23,325		272		10,838		23,597		34,435		(970)	2011
Total Sweden		5			40,876		89,812		63,003		41,034		152,657		193,691		(7,343)
United Kingdom
Bermuda Park Dist Ctr		1	(d)		4,934		23,207		259		4,934		23,466		28,400		(1,254)	2011
Bromford Gate Dist Ctr		5	(d)		12,550		23,140		1		12,550		23,141		35,691		(786)	2011
Central Park Rugby Dist Ctr		1	-		8,785		7,432		45		8,785		7,477		16,262		(386)	2011
Coventry Distribution Center		3	(d)		11,102		55,208		562		11,102		55,770		66,872		(2,440)	2011
Crewe Distribution Center		1	-		11,591		19,238		2,960		11,597		22,192		33,789		(1,497)	2008
Dagenham		1	-		11,016		11,022		-		11,016		11,022		22,038		(378)	2011
Daventry Phase II Dist Ctr		2	(d)		4,388		22,552		263		4,388		22,815		27,203		(951)	2011
Dirft Dist Ctr		1	-		10,232		-		8,715		10,231		8,716		18,947		(235)	2011
Drayton Fields Dist Ctr		3	(d)		5,785		29,624		340		5,785		29,964		35,749		(1,101)	2011
Fort Dunlop Dist Ctr		1	-		5,962		6,465		59		5,961		6,525		12,486		(475)	2011
Grange Park		1	-		2,054		10,937		9		2,054		10,946		13,000		(494)	2011


						Initial Costs to Prologis				Costs Capitalized Subsequent To Acquisition			Gross Amounts At Which Carried as of December 31, 2011						Accumulated Depreciation (c)			Date of Construction/ Acquisition
Description	No. of Bldgs.		Encum- brances			Land		Building & Improvements		Costs Capitalized Subsequent To Acquisition			Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)			Date of Construction/ Acquisition
Hayes Distribution Center		1		-			5,819		-		17,540			18,300		5,059		23,359		(914	)	2007
Marston Gate Dist Ctr		6		(d	)		59,299		57,002		1,656			59,299		58,658		117,957		(2,870	)	2011
Middlewhich Dist Ctr		1		(d	)		2,060		10,977		49			2,060		11,026		13,086		(485	)	2011
Midpoint Park		2		-			29,477		30,396		(5,158	)		29,534		25,181		54,715		(1,819	)	2008
New Parks Leicester		1		(d	)		4,549		11,846		27			4,549		11,873		16,422		(411	)	2011
North Kettering Bus Pk		2		(d	)		11,988		23,557		8,841			11,988		32,398		44,386		(2,085	)	2007,2011
Pineham Distribution Center		2		-			18,549		30,061		7,213			22,448		33,375		55,823		(2,747	)	2008
Stafford Distribution Center		1		-			7,605		-		15,138			7,606		15,137		22,743		(1,766	)	2007
Wakefield Bldg		1		-			1,340		7,217		111			1,340		7,328		8,668		(239	)	2011
Wembley Dist Ctr		1		-			14,119		6,407		-			14,119		6,407		20,526		(313	)	2011
Total United Kingdom		38					243,204		386,288		58,630			259,646		428,476		688,122		(23,646	)
Subtotal European Markets:		323					1,220,654		3,715,593		708,130			1,255,937		4,388,440		5,644,377		(229,661	)
Asian Markets

China
Dalian Ind. Park DC		1		-			2,574		14,213		55			2,608		14,234		16,842		(352	)	2011
Fengxian Logistics C		3		-			-		13,425		21			-		13,446		13,446		(653	)	2011
Jiaxing Distri Ctr		1		-			2,664		10,863		-			2,664		10,863		13,527		(280	)	2011
Tianjin Bonded LP		2		-			1,569		9,262		23			1,569		9,285		10,854		(250	)	2011

Total China		7					6,807		47,763		99			6,841		47,828		54,669		(1,535	)


Japan
Ebina Distribution Center		1		(d	)		68,072		-		41,077			68,073		41,076		109,149		(2,580	)	2010
Fukuoka Manami DC 2		1		-			16,014		50,643		100			16,114		50,643		66,757		(1,412	)	2011
Iwanuma I Land		1		-			6,844		41,017		7,782			7,346		48,297		55,643		(3,169	)	2008
Kasugai DC 1		1		-			66,266		90,809		415			66,681		90,809		157,490		(2,526	)	2011
Kitanagoya Distribution Center		1		-			30,220		-		74,555			33,614		71,161		104,775		(3,434	)	2009
Nanko Naka DC 1		1		-			14,554		58,480		91			14,645		58,480		73,125		(1,475	)	2011
ProLogis Park Aichi Distribution Center		1		-			28,288		-		113,012			38,140		103,160		141,300		(10,731	)	2007
ProLogis Park Ichikawa		1		(d	)		97,986		177,815		39,315			106,199		208,917		315,116		(14,902	)	2008
ProLogis Park Maishima III		1		(d	)		26,959		105,713		14,374			29,078		117,968		147,046		(9,458	)	2008
ProLogis Park Maishima IV		1		(d	)		32,439		108,531		-			32,439		108,531		140,970		(3,072	)	2010
ProLogis Park Narita III		1		-			26,319		93,308		15,101			28,412		106,316		134,728		(7,713	)	2008
ProLogis Park Osaka II		1		(d	)		32,868		-		216,541			44,315		205,094		249,409		(20,937	)	2007
Sendai Tagajo DC		1		-			19,897		42,126		4,131			20,022		46,132		66,154		(1,387	)	2011
Shinkiba Dist Crtr 1		1		(d	)		58,227		108,709		365			58,592		108,709		167,301		(2,989	)	2011
Shiohama Distr Ctr 1		1		-			26,624		32,135		167			26,791		32,135		58,926		(1,149	)	2011
Tsurumi Dist Ctr 1		1		(d	)		33,714		136,216		211			33,926		136,215		170,141		(3,427	)	2011
Zama Distribution Center		1		(d	)		64,166		-		207,216			71,372		200,010		271,382		(10,358	)	2009

Total Japan		17					649,457		1,045,502		734,453			695,759		1,733,653		2,429,412		(100,719	)


Singapore
Airport Logistics Center 3		1		(d	)		-		26,128		59			-		26,187		26,187		(873	)	2011
Changi South Distr Ctr 1		1		-			-		42,579		97			-		42,676		42,676		(1,331	)	2011
Changi- North DC1		1		(d	)		-		14,088		32			-		14,120		14,120		(445	)	2011
Singapore Airport Logist Ctr 2		1		-			-		37,833		86			-		37,919		37,919		(1,267	)	2011
Tuas Distribution Center		1		-			-		19,217		44			-		19,261		19,261		(875	)	2011
Total Singapore		5					-		139,845		318			-		140,163		140,163		(4,791	)

Subtotal Asian Markets		29					656,264		1,233,110		734,870			702,600		1,921,644		2,624,244		(107,045	)

Total Industrial Operating Properties		1,797					4,781,630		13,694,266		3,076,652			4,966,906		16,585,642		21,552,548		(2,150,713	)


Properties Under Development
Americas Markets:
Houston, Texas
Northpark Distribution Center		1		(d	)		1,221		-		2,894			1,221		2,894		4,115				2011

Total Houston, Texas		1					1,221		-		2,894			1,221		2,894		4,115


New Jersey
Portview Commerce Center		1		(d	)		10,277		-		8,172			10,277		8,172		18,449				2011
Secaucus Dist Ctr		2					7,458		-		19,235			7,457		19,236		26,693				2011

Total New Jersey		3					17,735		-		27,407			17,734		27,408		45,142


				Initial Costs to Prologis				Costs Capitalized Subsequent To Acquisition		Gross Amounts At Which Carried as of December 31, 2011						Accumulated Depreciation (c)		Date of Construction/ Acquisition
Description	No. of Bldgs.		Encum- brances	Land		Building & Improvements		Costs Capitalized Subsequent To Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)		Date of Construction/ Acquisition

South Florida
Beacon Lakes		1			3,265		-		191		3,265		191		3,456				2011

Total South Florida		1			3,265		-		191		3,265		191		3,456


Southern California
Carson Dist Ctr		1			15,638		-		15,675		15,638		15,675		31,313				2011
Terra Francesco		1			10,488		-		5,037		10,488		5,037		15,525				2011

Total Southern California		2			26,126		-		20,712		26,126		20,712		46,838


Baltimore/Washington
Gateway Bus Ctr		2			4,319		-		3,221		4,319		3,221		7,540				2011

Total Washington D.C./Baltimore, Maryland		2			4,319		-		3,221		4,319		3,221		7,540


Mexico
Los Altos Ind Park		1	(d)		6,541		-		2,972		6,541		2,972		9,513				2011
Tres Rios		2	-		7,632		-		10,544		7,632		10,544		18,176				2011
Agua Fria Ind. Park		2	(d)		2,205		-		4,514		2,205		4,514		6,719				2011

Total Mexico		5			16,378		-		18,030		16,378		18,030		34,408

Subtotal Americas Markets		14			69,044		-		72,455		69,043		72,456		141,499


Eurpean Markets:
Czech Republic
Prague-Jirny Dist. Ctr		1			5,989		-		11,583		5,989		11,583		17,572				2011

Total Czech Republic		1			5,989		-		11,583		5,989		11,583		17,572

France
Bonneuil Distribution Center		1			8,495		-		-		8,495		-		8,495				2011
Moissy Cramayel Distribution Center		1	-		4,140		-		15,705		4,140		15,705		19,845				2011

Total France		2			12,635		-		15,705		12,635		15,705		28,340

Germany
Augsburg Distribution Center		1	-		1,793		-		-		1,793		-		1,793				2011
Cologne Eifeltor Distribution Center		1	-		2,581		-		-		2,581		-		2,581				2011
Hamburg Hausbruch DC		1			13,623		-		10,117		13,623		10,117		23,740				2011
Munich Distribution Center		1	(d)		5,967		-		500		5,967		500		6,467				2011

Total Germany		4			23,964		-		10,617		23,964		10,617		34,581

Poland
Janki Distribution Center		1			864		-		4,442		864		4,442		5,306				2011
Wroclaw V DC		1			3,500		-		10,663		3,500		10,663		14,163				2011

Total Poland		2			4,364		-		15,105		4,364		15,105		19,469

United Kingdom
Pineham Distribution Center		1	-		16,146		-		21,570		16,146		21,570		37,716				2011
Total United Kingdom		1			16,146		-		21,570		16,146		21,570		37,716

Subtotal European Markets		10			63,098		-		74,580		63,098		74,580		137,678

Asian Markets
Japan
Kawajima Park		1			53,136		-		211,902		53,136		211,902		265,038				2011
Nishiyodogawa DC		1			27,850		-		77,002		27,850		77,002		104,852				2011
Takatsuki Distribution Center		1			22,725		-		22,400		22,725		22,400		45,125				2011
Tosu II Land		1			6,988		-		2,920		6,989		2,919		9,908				2011
Tosu lV		1			10,749		-		26,395		10,749		26,395		37,144				2011
Zama Distribution Center		1	(d)		67,293		-		51,994		67,293		51,994		119,287				2011

Total Japan		6			188,741		-		392,613		188,742		392,612		581,354				2011

Subtotal Asian Markets		6			188,741		-		392,613		188,742		392,612		581,354





Total Properties underdevelopment		30			320,883		-		539,648		320,883		539,648		860,531

GRAND TOTAL		1,827		$	5,102,513	$	13,694,266	$	3,616,300	$	5,287,789	$	17,125,290	$	22,413,079	$	(2,150,713)

Schedule III – Footnotes

(a)	Reconciliation of real estate assets per Schedule III to our Consolidated Balance Sheet as of December 31, 2011 (in thousands):


Total per schedule III	$	22,413,079
Land		1,984,233
Other real estate investments		390,255

Total per consolidated balance sheet	$	24,787,567	(g	)

(b)	The aggregate cost for Federal tax purposes at December 31, 2011 of our real estate assets was approximately $18,377,663,000.

(c)	Real estate assets (excluding land balances) are depreciated over their estimated useful lives. These useful lives are generally 5 to 7 years for capital improvements, 10 years for standard tenant improvements, 30 years for acquired industrial properties and 40 years for properties we develop.

Reconciliation of accumulated depreciation per Schedule III to our Consolidated Balance Sheets as of December 31, 2011 (in thousands):


Total accumulated depreciation per Schedule III	$	2,150,713
Accumulated depreciation on other investments		7,194

Total per consolidated balance sheet	$	2,157,907

(d)	Properties with an aggregate undepreciated cost of $7.1 billion secure $3.2 billion of mortgage notes. See Note 9 to our Consolidated Financial Statements in Item 8.

(e)	Properties with an aggregate undepreciated cost of $277.0 million serve as collateral for a loan of the Prologis American Industrial Fund II. See Note 7 to our Consolidated Financial Statements in Item 8.

(f)	Assessment bonds of $18.6 million are secured by assessments (similar to property taxes) on various underlying real estate properties with an aggregate undepreciated cost of $743.8 million. See Note 9 to our Consolidated Financial Statements in Item 8.

(g)	A summary of activity for our real estate assets and accumulated depreciation for the years ended December 31 (in thousands):


	2011		2010		2009
Real estate assets:
Balance at beginning of year	$	11,080,161	$	12,010,668	$	12,498,513
Acquisitions of operating properties, transfers of development completions from CIP and improvements to operating properties		12,617,846		631,860		1,840,879
Basis of operating properties disposed of		(873,844)		(1,410,511)		(1,145,256)
Change in properties under development balance		-		174,235		(990,217)
Impairment of real estate properties (1)		(21,237)		(400)		(193,251)
Assets transferred to held-for-sale		(389,847)		(325,691)		-

Balance at end of year	$	22,413,079	$	11,080,161	$	12,010,668
Accumulated Depreciation:
Balance at beginning of year	$	1,589,251	$	1,663,233	$	1,581,672
Depreciation expense		746,490		298,164		275,689
Balances retired upon disposition of operating properties		(148,606)		(337,845)		(194,128)
Assets transferred to held-for-sale		(29,228)		(34,301)		0

Balance at end of year	$	2,157,907	$	1,589,251	$	1,663,233

(1)	The impairment charges we recognized in 2011, 2010, and 2009 were primarily due to our change of intent to no longer hold these assets for long-term investment. See Note 16 to our Consolidated Financial Statements in Item 8 for more information related to our impairment charges.

- Definition

The entire disclosure for real estate and accumulated depreciation. This may include a schedule that describes the property and lists the initial cost of land, buildings and improvements, improvements and carrying costs capitalized after acquisition, and the total carrying cost for land, buildings and improvements for each property and in aggregate. The schedule also lists the accumulated depreciation for each property and in aggregate, the date each property was constructed and acquired, the useful life used to calculate depreciation and any encumbrances on the properties. The entity provides a reconciliation of the carrying amount of real estate from the beginning of the period to the end of the period. Any real estate investments that have been written down or reserved against are described, including the basis of the write-down. A material amount of intercompany profit in the total carrying amount of real estate is disclosed. The aggregate cost of all real estate investments for federal income tax purposes is also disclosed.

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