Related Party Transactions

12 Months Ended

Dec. 31, 2012

Related Party Transactions

19. Related Party Transactions

In 2012 and 2010, Irving F. Lyons, III, member of the Board, Trustee of ProLogis prior to the Merger and former Chief Investment Officer, converted limited partnership units in the limited partnerships, in which we own a majority interest and consolidate, into 45,600 and 22,431 shares of our common stock, respectively. As of December 31, 2012, Mr. Lyons owned 27,752 of the outstanding partnership units. See Note 13 for more information regarding these limited partnerships in the Americas.

Also see Note 6 for a discussion of transactions between us and the unconsolidated entities in which we invest.