IPT: Prologis closes on $4B US logistics purchase

Prologis, Inc., the global leader in logistics real estate, has completed the acquisition of the real estate assets of Industrial Property Trust Inc. (IPT) for approximately $4 billion in cash, including the assumption and repayment of debt. Under the terms of the merger agreement, Prologis acquired IPT through its two...The post Prologis closes on $4B US logistics purchase appeared first on Real Estate Weekly.