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Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Detail) $ in Thousands, ft² in Millions | 3 Months Ended |
--- | --- | ---
Mar. 31, 2019 USD ($) ft² Property Venture | Mar. 31, 2018 USD ($) | Dec. 31, 2018 USD ($) ft² Property Venture
Schedule Of Equity Method Investments [Line Items] |  |  |  |  |
Our earnings from unconsolidated co-investment ventures, net |  | $ 56,666 |  | $ 62,656 |
Unconsolidated Co-Investment Ventures [Member] |  |  |  |  |
Schedule Of Equity Method Investments [Line Items] |  |  |  |  |
Ventures | Venture |  | 8 |  |  | 8
Number of buildings | Property |  | 1,591 |  |  | 1,569
Square feet | ft² |  | 350 |  |  | 340
Total assets |  | $ 30,901,000 |  |  | $ 29,557,000
Third-party debt |  | 8,693,000 |  |  | 8,148,000
Total liabilities |  | 10,627,000 |  |  | 9,833,000
Our investment balance | [1] | 5,272,000 |  |  | $ 5,408,000
Total revenues |  | 637,000 |  | 617,000 |
Net earnings |  | 171,000 |  | 162,000 |
Our earnings from unconsolidated co-investment ventures, net |  | $ 53,000 |  | 55,000 |
Unconsolidated Co-Investment Ventures [Member] | U.S. [Member] |  |  |  |  |
Schedule Of Equity Method Investments [Line Items] |  |  |  |  |
Ventures | Venture |  | 1 |  |  | 1
Number of buildings | Property |  | 566 |  |  | 566
Square feet | ft² |  | 91 |  |  | 91
Total assets |  | $ 7,376,000 |  |  | $ 7,303,000
Third-party debt |  | 2,090,000 |  |  | 2,094,000
Total liabilities |  | 2,411,000 |  |  | 2,350,000
Our investment balance | [1] | 1,441,000 |  |  | $ 1,457,000
Total revenues |  | 179,000 |  | 168,000 |
Net earnings |  | 29,000 |  | 13,000 |
Our earnings from unconsolidated co-investment ventures, net |  | $ 9,000 |  | 5,000 |
Unconsolidated Co-Investment Ventures [Member] | Other Americas [Member] |  |  |  |  |
Schedule Of Equity Method Investments [Line Items] |  |  |  |  |
Ventures | Venture |  | 2 | [2] |  | 2
Number of buildings | Property |  | 215 | [2] |  | 209
Square feet | ft² |  | 45 | [2] |  | 39
Total assets |  | $ 2,791,000 | [2] |  | $ 2,137,000
Third-party debt |  | 775,000 | [2] |  | 838,000
Total liabilities |  | 816,000 | [2] |  | 862,000
Our investment balance | [1] | 669,000 | [2] |  | $ 554,000
Total revenues |  | 67,000 |  | 53,000 |
Net earnings |  | 34,000 |  | 14,000 |
Our earnings from unconsolidated co-investment ventures, net |  | $ 13,000 |  | 6,000 |
Unconsolidated Co-Investment Ventures [Member] | Europe [Member] |  |  |  |  |
Schedule Of Equity Method Investments [Line Items] |  |  |  |  |
Ventures | Venture |  | 3 |  |  | 3
Number of buildings | Property |  | 679 |  |  | 669
Square feet | ft² |  | 161 |  |  | 159
Total assets |  | $ 13,615,000 |  |  | $ 13,028,000
Third-party debt |  | 2,993,000 |  |  | 2,548,000
Total liabilities |  | 4,226,000 |  |  | 3,615,000
Our investment balance | [1] | 2,574,000 |  |  | $ 2,784,000
Total revenues |  | 271,000 |  | 288,000 |
Net earnings |  | 71,000 |  | 93,000 |
Our earnings from unconsolidated co-investment ventures, net |  | $ 25,000 |  | 37,000 |
Unconsolidated Co-Investment Ventures [Member] | Asia [Member] |  |  |  |  |
Schedule Of Equity Method Investments [Line Items] |  |  |  |  |
Ventures | Venture |  | 2 |  |  | 2
Number of buildings | Property |  | 131 |  |  | 125
Square feet | ft² |  | 53 |  |  | 51
Total assets |  | $ 7,119,000 |  |  | $ 7,089,000
Third-party debt |  | 2,835,000 |  |  | 2,668,000
Total liabilities |  | 3,174,000 |  |  | 3,006,000
Our investment balance | [1] | 588,000 |  |  | $ 613,000
Total revenues |  | 120,000 |  | 108,000 |
Net earnings |  | 37,000 |  | 42,000 |
Our earnings from unconsolidated co-investment ventures, net |  | $ 6,000 |  | $ 7,000 |
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] |  |  |  |  |
Schedule Of Equity Method Investments [Line Items] |  |  |  |  |
Our weighted average ownership | [3],[4] | 27.00% |  |  | 28.30%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | U.S. [Member] |  |  |  |  |
Schedule Of Equity Method Investments [Line Items] |  |  |  |  |
Our weighted average ownership | [3],[4] | 27.20% |  |  | 27.40%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Other Americas [Member] |  |  |  |  |
Schedule Of Equity Method Investments [Line Items] |  |  |  |  |
Our weighted average ownership | [3],[4] | 38.50% | [2] |  | 44.40%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Europe [Member] |  |  |  |  |
Schedule Of Equity Method Investments [Line Items] |  |  |  |  |
Our weighted average ownership | [3],[4] | 30.60% |  |  | 33.20%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Asia [Member] |  |  |  |  |
Schedule Of Equity Method Investments [Line Items] |  |  |  |  |
Our weighted average ownership | [3],[4] | 15.10% |  |  | 15.10%
[1] | Prologis’ investment balance is presented at our adjusted basis derived from the ventures’ U.S. GAAP information. The difference between our ownership interest of a venture’s equity and our investment balance at March 31, 2019 and December 31, 2018, results principally from four types of transactions: (i) deferred gains from the contribution of property to a venture prior to January 1, 2018 ($627.4 million and $635.9 million, respectively); (ii) recording additional costs associated with our investment in the venture ($88.4 million and $94.4 million, respectively); (iii) receivables, principally for fees and promotes ($100.9 million and $166.7 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc. ($122.0 million for both periods).
[2] | PBLV and our other Brazilian joint ventures are combined and accounted for as one venture for the purpose of this table.
[3] | In February 2019, we redeemed a portion of our investment in Prologis European Logistics Fund (“PELF”) for €278.2 million ($313.3 million). At March 31, 2019 our ownership in PELF was 24.3%.
[4] | Represents our weighted average ownership interest in all unconsolidated co-investment ventures based on each entity’s contribution of total assets, before depreciation, net of other liabilities.

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