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Unconsolidated Entities (Tables) | 3 Months Ended
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Mar. 31, 2021
Schedule Of Equity Method Investments [Line Items] |
Summary of Investments in and Advances to our Unconsolidated Entities | The following table summarizes our investments in and advances to unconsolidated entities (in thousands):
|  | March 31, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
Unconsolidated co-investment ventures |  | $ | 6,594,263 |  |  | $ | 6,685,567 |
Other ventures |  |  | 920,577 |  |  |  | 916,447 |
Total |  | $ | 7,514,840 |  |  | $ | 7,602,014 |
Unconsolidated Co-Investment Ventures [Member] |
Schedule Of Equity Method Investments [Line Items] |
Summary of Investments in and Advances to our Unconsolidated Entities | The following table summarizes the key property information, financial position and operating information of our unconsolidated co-investment ventures (not our proportionate share) and the amounts we recognized in the Consolidated Financial Statements related to these ventures (dollars and square feet in millions):
| U.S. |  |  | Other Americas (1) |  |  | Europe |  |  | Asia |  |  | Total |
As of: | Mar 31, 2021 |  |  | Dec 31, 2020 |  |  | Mar 31, 2021 |  |  | Dec 31, 2020 |  |  | Mar 31, 2021 |  |  | Dec 31, 2020 |  |  | Mar 31, 2021 |  |  | Dec 31, 2020 |  |  | Mar 31, 2021 |  |  | Dec 31, 2020 |
Key property information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ventures |  | 1 |  |  |  | 1 |  |  |  | 2 |  |  |  | 2 |  |  |  | 3 |  |  |  | 3 |  |  |  | 3 |  |  |  | 3 |  |  |  | 9 |  |  |  | 9 |
Operating properties |  | 710 |  |  |  | 706 |  |  |  | 230 |  |  |  | 229 |  |  |  | 778 |  |  |  | 768 |  |  |  | 179 |  |  |  | 167 |  |  |  | 1,897 |  |  |  | 1,870 |
Square feet |  | 118 |  |  |  | 117 |  |  |  | 51 |  |  |  | 51 |  |  |  | 187 |  |  |  | 185 |  |  |  | 72 |  |  |  | 67 |  |  |  | 428 |  |  |  | 420 |
Financial position: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets ($) |  | 10,937 |  |  |  | 10,840 |  |  |  | 2,987 |  |  |  | 3,023 |  |  |  | 17,106 |  |  |  | 16,918 |  |  |  | 10,222 |  |  |  | 10,209 |  |  |  | 41,252 |  |  |  | 40,990 |
Third-party debt ($) |  | 3,169 |  |  |  | 3,129 |  |  |  | 824 |  |  |  | 854 |  |  |  | 4,110 |  |  |  | 4,002 |  |  |  | 3,920 |  |  |  | 3,831 |  |  |  | 12,023 |  |  |  | 11,816 |
Total liabilities ($) |  | 3,760 |  |  |  | 3,722 |  |  |  | 864 |  |  |  | 898 |  |  |  | 5,768 |  |  |  | 5,607 |  |  |  | 4,428 |  |  |  | 4,389 |  |  |  | 14,820 |  |  |  | 14,616 |
Our investment balance ($) (2) |  | 1,892 |  |  |  | 1,886 |  |  |  | 810 |  |  |  | 811 |  |  |  | 3,065 |  |  |  | 3,152 |  |  |  | 827 |  |  |  | 837 |  |  |  | 6,594 |  |  |  | 6,686 |
Our weighted average ownership (3) |  | 25.4 | % |  |  | 25.6 | % |  |  | 40.8 | % |  |  | 40.8 | % |  |  | 29.4 | % |  |  | 30.0 | % |  |  | 15.2 | % |  |  | 15.2 | % |  |  | 25.8 | % |  |  | 26.1 | %
| U.S. |  |  | Other Americas (1) |  |  | Europe |  |  | Asia |  |  | Total |
Operating Information: | Mar 31, 2021 |  |  | Mar 31, 2020 |  |  | Mar 31, 2021 |  |  | Mar 31, 2020 |  |  | Mar 31, 2021 |  |  | Mar 31, 2020 |  |  | Mar 31, 2021 |  |  | Mar 31, 2020 |  |  | Mar 31, 2021 |  |  | Mar 31, 2020 |
For the three months ended: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues ($) |  | 254 |  |  |  | 233 |  |  |  | 75 |  |  |  | 68 |  |  |  | 338 |  |  |  | 290 |  |  |  | 159 |  |  |  | 138 |  |  |  | 826 |  |  |  | 729 |
Net earnings ($) |  | 49 |  |  |  | 34 |  |  |  | 30 |  |  |  | 23 |  |  |  | 87 |  |  |  | 78 |  |  |  | 35 |  |  |  | 26 |  |  |  | 201 |  |  |  | 161 |
Our earnings from unconsolidated co-investment ventures, net ($) |  | 13 |  |  |  | 9 |  |  |  | 12 |  |  |  | 9 |  |  |  | 28 |  |  |  | 25 |  |  |  | 6 |  |  |  | 4 |  |  |  | 59 |  |  |  | 47 |
(1) | PBLV and our other Brazilian joint ventures are combined as one venture for the purpose of this table.
(2) | 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, 2021 and December 31, 2020, resulted principally from four types of transactions: (i) deferred gains from the contribution of property to a venture prior to January 1, 2018; (ii) recording additional costs associated with our investment in the venture; (iii) receivables, principally for fees and promotes ($143.7 million and $165.6 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc.
(3) | 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.
Summary of Strategic Capital Revenues Recognized in Consolidated Statements of Income Related to Co-Investment Ventures | The following table summarizes the Strategic Capital Revenues we recognized in the Consolidated Statements of Income related to our unconsolidated co-investment ventures (in thousands):
|  | Three Months Ended March 31, |
|  | 2021 |  |  | 2020 |
Recurring fees |  | $ | 91,037 |  |  | $ | 74,687 |
Transactional fees |  |  | 20,878 |  |  |  | 19,960 |
Promote revenue |  |  | 1,615 |  |  |  | 591 |
Total strategic capital revenues from unconsolidated co-investment ventures (1) |  | $ | 113,530 |  |  | $ | 95,238 |
(1) | These amounts exclude strategic capital revenues from other ventures.

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