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Prologis (NYSE:PLD): Closing price $38.04
Prologis said that it will be the sole sponsor of Nippon Prologis REIT, which is a Japanese real estate investment trust. The firm will retain at least a 15 percent ownership interest in NPR and contribute 12 of its Class-A properties in Japan, which will comprise the initial portfolio. The appraised value of the assets is about $2 billion. The portfolio, with its weighted average age of 3.4 years, totals 9.6 million square feet, and is mostly located in the world markets of Tokyo and Osaka. Shares closed down 0.47 percent on the day at $38.04, having been traded in a 52-week range of $29.09 to $38.28.
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