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USD ($)

USD ($) / shares

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margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:8pt;font-weight:bold;margin-left:0px;"&gt;1.          &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:8pt;font-weight:bold;"&gt;Description of Business&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:8pt;margin-left:0px;"&gt;ProLogis, collectively with our consolidated su&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:8pt;"&gt;bsidiaries (&amp;#8220;we&amp;#8221;, &amp;#8220;our&amp;#8221;, &amp;#8220;us&amp;#8221;, &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:8pt;"&gt;the &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:8pt;"&gt;&amp;#8220;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:8pt;"&gt;Company&amp;#8221; or &amp;#8220;ProLogis&amp;#8221;), is a publicly held real estate investment trust (&amp;#8220;REIT&amp;#8221;) that owns, operates and develops (directly and through our unconsolidated investees) primarily industrial properties in North America, Europe and Asia. Our current business strategy includes two reportable business segments: direct owned and investment management. Our direct owned segment represents the direct long-term ownership of industrial properties. Our investment management segment represents the long-term investment management of property funds and other unconsolidated investees, and the properties they own. See Note &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:8pt;"&gt;20&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:8pt;"&gt; for further discussion of our business segments.&lt;/font&gt;&lt;/p&gt;</NonNumbericText><NonNumericTextHeader>1.          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 -Publisher AICPA
 -Name Statement of Position (SOP)
 -Number 94-6
 -Paragraph 10

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