Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2015

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Real Estate and Accumulated Depreciation

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2015

(In thousands of U.S. dollars, as applicable)

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2015
Description	No. of Bldgs.	Encum- brances	Land		Building & Improvements		Subsequent to Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)			Date of Construction/ Acquisition
Industrial Operating Properties (d)
North American Markets
United States:
Atlanta, Georgia
Atlanta Airport Distribution Center	4	(d)		4,759		13,591		958		4,759		14,549		19,308		(696	)	2014, 2015
Atlanta NE at Sugarloaf	1			620		2,499		37		620		2,536		3,156		(115	)	2014
Atlanta NE Distribution Center	8	(d)		5,582		3,047		30,949		6,276		33,302		39,578		(19,045	)	1996, 1997
Atlanta South Business Park	9			5,353		28,895		3,526		5,353		32,421		37,774		(5,398	)	2011
Atlanta West Distribution Center	9	(d)		14,335		48,290		10,362		14,335		58,652		72,987		(13,248	)	1994, 2006, 2012, 2015
Berkeley Lake Distribution Center	1	(d)		2,046		8,712		1,204		2,046		9,916		11,962		(2,331	)	2006
Breckenridge Distribution Center	1	(d)		1,645		6,627		32		1,645		6,659		8,304		(303	)	2014
Buford Distribution Center	2			2,659		8,847		5,984		2,659		14,831		17,490		(1,628	)	2007, 2015
Carter-Pacific Business Center	3	(d)		1,484		5,965		148		1,484		6,113		7,597		(381	)	2014
Cobb Place Distribution Center	2			2,970		12,702		342		2,970		13,044		16,014		(1,914	)	2012
Douglas Hill Distribution Center	4			11,599		46,826		4,383		11,677		51,131		62,808		(17,388	)	2005
Hartsfield East Distribution Center	1			697		6,466		327		697		6,793		7,490		(910	)	2011
Horizon Distribution Center	2	(d)		7,364		36,015		1,545		7,364		37,560		44,924		(3,582	)	2006, 2015
Midland Distribution Center	1			1,919		7,679		1,521		1,919		9,200		11,119		(3,031	)	2006
Northeast Industrial Center	2			2,821		12,176		1,687		2,821		13,863		16,684		(2,206	)	2012
Northmont Industrial Center	1			566		3,209		1,709		566		4,918		5,484		(3,430	)	1994
Olympic Industrial Center	2	(d)		2,156		8,941		72		2,156		9,013		11,169		(592	)	2014
Park I-75 South	2	(d)		11,393		18,808		35,394		11,406		54,189		65,595		(2,969	)	2013, 2015
Park I-85	4			6,391		11,585		25,946		6,391		37,531		43,922		(243	)	2015
Peachtree Corners Business Center	5	(d)		5,750		20,670		3,376		5,750		24,046		29,796		(5,473	)	1994, 2015
Piedmont Ct. Distribution Center	2			885		5,013		4,181		885		9,194		10,079		(6,085	)	1997
Riverside Distribution Center (ATL)	4			3,306		16,600		4,422		3,329		20,999		24,328		(10,463	)	1999, 2014
Royal 85 Industrial Center	3			3,306		16,859		224		3,306		17,083		20,389		(407	)	2015
Savannah Logistics Center	2	(d)		5,114		46,844		3		5,114		46,847		51,961		(1,019	)	2015
Southfield-KRDC Industrial SG	1			1,551		8,621		491		1,551		9,112		10,663		(2,200	)	2011
Southside Distribution Center	1			1,186		2,859		589		1,186		3,448		4,634		(768	)	2011
Suwanee Creek Distribution Center	2			1,045		4,201		263		1,045		4,464		5,509		(612	)	2010, 2013
Tradeport Distribution Center	3	(d)		1,464		4,563		9,595		1,479		14,143		15,622		(8,348	)	1994, 1996
Weaver Distribution Center	2			935		5,182		2,439		935		7,621		8,556		(5,488	)	1995
Westfork Industrial Center	5	(d)		6,795		23,292		556		6,796		23,847		30,643		(3,440	)	1995, 2015
Westgate Industrial Center	1			1,277		5,620		234		1,277		5,854		7,131		(1,035	)	2012
Atlanta, Georgia	90			118,973		451,204		152,499		119,797		602,879		722,676		(124,748	)
Austin, Texas
Corridor Park Corporate Center	4	(d)		4,579		18,358		504		4,579		18,862		23,441		(816	)	2014
MET 4-12  LTD	1			4,300		20,456		294		4,300		20,750		25,050		(3,425	)	2011
MET PHASE 1 95  LTD	4			5,593		17,211		1,415		5,593		18,626		24,219		(3,222	)	2011
Montopolis Distribution Center	1			580		3,384		2,607		580		5,991		6,571		(4,570	)	1994
Riverside Distribution Center (AUS)	1			1,849		7,195		-		1,849		7,195		9,044		(166	)	2015
Southpark Corporate Center	3			1,470		5,834		4		1,470		5,838		7,308		(258	)	2014
Walnut Creek Corporate Center	17	(d)		11,152		46,510		1,299		11,206		47,755		58,961		(5,247	)	1994, 2014
Austin, Texas	31			29,523		118,948		6,123		29,577		125,017		154,594		(17,704	)
Baltimore/Washington DC
1901 Park 100 Drive	1	(d)		2,409		7,227		1,178		2,409		8,405		10,814		(2,961	)	2006
Airport Commons Distribution Center	2	(d)		2,320		-		10,573		2,360		10,533		12,893		(5,064	)	1997
Beltway Distribution	1			9,211		33,922		508		9,211		34,430		43,641		(5,765	)	2011
BWI Cargo Center E	1			-		10,725		115		-		10,840		10,840		(5,887	)	2011
Corcorde Industrial Center	4	(d)		1,538		8,717		5,038		1,538		13,755		15,293		(9,380	)	1995
Corridor Industrial Center	1			1,921		7,224		23		1,921		7,247		9,168		(1,249	)	2011
Crysen Industrial Center	1			2,285		6,267		488		2,285		6,755		9,040		(1,307	)	2011
Gateway Business Center	10			30,263		25,117		38,117		30,612		62,885		93,497		(2,921	)	2012, 2014
Gateway Distribution Center	3			2,523		5,715		4,862		3,163		9,937		13,100		(2,886	)	1998, 2012
Granite Hill Distribution Center	2			2,959		9,344		74		2,959		9,418		12,377		(1,991	)	2011
Greenwood Industrial	3			6,828		24,253		2,451		6,828		26,704		33,532		(4,360	)	2011
Hampton Central Distribution Center	3	(d)		8,928		26,787		788		8,928		27,575		36,503		(1,192	)	2014
IAD Cargo Center 5	1			-		43,060		75		-		43,135		43,135		(32,308	)	2011
Meadowridge Distribution Center	3	(d)		7,827		18,076		8,140		7,972		26,071		34,043		(3,967	)	1998, 2014
Meadowridge Industrial	3			4,845		20,576		4,161		4,845		24,737		29,582		(3,782	)	2011
Patuxent Range Road	2			2,281		9,638		1,589		2,281		11,227		13,508		(1,974	)	2011
Preston Court	1			2,326		10,146		331		2,326		10,477		12,803		(1,772	)	2011
ProLogis Park - Dulles	7	(d)		16,703		35,291		613		16,703		35,904		52,607		(3,513	)	2012, 2014
Troy Hill Distribution Center	3	(d)		9,179		30,415		189		9,179		30,604		39,783		(2,408	)	2012, 2014
White Marsh Distribution Center	1	(d)		4,714		8,609		-		4,714		8,609		13,323		(51	)	2015
Baltimore/Washington DC	53			119,060		341,109		79,313		120,234		419,248		539,482		(94,738	)

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2015

(In thousands of U.S. dollars, as applicable)

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2015
Description	No. of Bldgs.	Encum- brances	Land		Building & Improvements		Subsequent to Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)			Date of Construction/ Acquisition
Boston, Massachusetts
Windsor Distribution Center	1			15,368		75,426		5,828		15,368		81,254		96,622		(1,221	)	2015
Boston, Massachusetts	1			15,368		75,426		5,828		15,368		81,254		96,622		(1,221	)
Central and Eastern Pennsylvania
Carlisle Distribution Center	8			78,652		328,514		6,805		78,652		335,319		413,971		(26,840	)	2012, 2013, 2015
Chambersburg Distribution Center	1			4,188		17,796		138		4,188		17,934		22,122		(1,598	)	2013
Harrisburg Distribution Center	6			30,801		122,169		3,358		30,801		125,527		156,328		(13,480	)	2004, 2013, 2015
Harrisburg Industrial Center	1			782		6,190		1,741		782		7,931		8,713		(3,494	)	2002
I-78 Distribution Center	1			13,030		30,007		419		13,030		30,426		43,456		(4,708	)	2011
I-81 Distribution Center	1			1,822		21,583		377		1,822		21,960		23,782		(3,317	)	2011
Kraft Distribution Center	1	(d)		7,450		22,457		20		7,450		22,477		29,927		(1,027	)	2014
Lehigh Valley Distribution Center	8	(d)		26,795		88,519		24,824		26,875		113,263		140,138		(12,280	)	2004, 2010, 2013, 2014
Northport Industrial Center	1	(d)		12,282		37,910		-		12,282		37,910		50,192		(1,751	)	2014
Park 33 Distribution Center	2			28,947		47,081		41,255		31,231		86,052		117,283		(9,063	)	2007, 2014
PHL Cargo Center C2	1			-		11,966		56		-		12,022		12,022		(5,536	)	2011
Quakertown Distribution Center	1			6,966		-		27,488		6,966		27,488		34,454		(6,668	)	2006
Central and Eastern Pennsylvania	32			211,715		734,192		106,481		214,079		838,309		1,052,388		(89,762	)
Central Valley, California
Arch Road Logistics Center	2	(d)		9,492		38,060		2,310		9,492		40,370		49,862		(7,210	)	2010
Central Valley Distribution Center	3	(d)		5,339		31,007		832		5,339		31,839		37,178		(1,504	)	2014
Central Valley Industrial Center	5	(d)		14,110		64,141		8,861		14,560		72,552		87,112		(28,553	)	1999, 2002, 2005, 2014
Chabot Commerce Center	2			5,222		13,697		7,708		5,222		21,405		26,627		(4,797	)	2011
Duck Creek Distribution Center	1			6,690		37,858		-		6,690		37,858		44,548		(1,668	)	2014
Manteca Distribution Center	1			9,280		27,840		598		9,480		28,238		37,718		(9,704	)	2005
Patterson Pass Business Center	4			10,004		27,640		7,413		10,017		35,040		45,057		(5,349	)	2007, 2012, 2014
Tracy Distribution Center	1	(d)		2,056		11,789		1,665		2,056		13,454		15,510		(528	)	2014
Tracy II Distribution Center	5			23,905		32,080		152,263		29,246		179,002		208,248		(25,323	)	2007, 2009, 2012, 2013
Central Valley California	24			86,098		284,112		181,650		92,102		459,758		551,860		(84,636	)
Charlotte, North Carolina
Charlotte Distribution Center	11	(d)		6,596		8,206		29,277		8,114		35,965		44,079		(16,925	)	1995, 1996, 1997, 1998, 2014
Northpark Distribution Center	2	(d)		1,183		6,707		3,020		1,184		9,726		10,910		(6,664	)	1994, 1998
West Pointe Business Center	5	(d)		12,138		39,809		10,194		12,138		50,003		62,141		(6,681	)	2006, 2012, 2014
Charlotte, North Carolina	18			19,917		54,722		42,491		21,436		95,694		117,130		(30,270	)
Chicago, Illinois
Addison Business Center	1			1,293		2,907		515		1,293		3,422		4,715		(661	)	2011
Addison Distribution Center	2			2,594		11,779		2,142		2,594		13,921		16,515		(3,442	)	1997, 2015
Alsip Distribution Center	2			6,311		18,719		9,489		6,619		27,900		34,519		(13,004	)	1997, 2015
Alsip Industrial Center	1			1,422		2,336		47		1,422		2,383		3,805		(864	)	2011
Arlington Heights Distribution Center	2			5,263		10,361		2,568		5,264		12,928		18,192		(2,072	)	2006, 2015
Aurora Distribution Center	6			9,921		53,571		108		9,921		53,679		63,600		(1,790	)	2015
Bedford Park Distribution Center	2	(d)		3,014		9,271		293		3,014		9,564		12,578		(261	)	2015
Bensenville Distribution Center	1			926		3,842		6,370		940		10,198		11,138		(7,487	)	1997
Bensenville Industrial Park	14	(d)		43,455		111,007		7,923		43,455		118,930		162,385		(19,777	)	2011, 2015
Bloomingdale 100 Business Center	4	(d)		6,563		26,145		1,447		6,563		27,592		34,155		(1,173	)	2014
Bolingbrook Distribution Center	14	(d)		42,742		169,183		23,549		42,742		192,732		235,474		(32,692	)	1999, 2006, 2014, 2015
Bridgeview Distribution Center	4	(d)		1,662		6,882		68		1,662		6,950		8,612		(483	)	2014
Bridgeview Industrial Center	1			1,380		3,404		949		1,488		4,245		5,733		(808	)	2011
Chicago Industrial Center Portfolio	1			1,330		2,876		422		1,330		3,298		4,628		(755	)	2011
Cicero Distribution Center	1			3,789		5,819		54		3,789		5,873		9,662		(285	)	2015
Des Plaines Distribution Center	5			8,956		22,446		7,278		8,957		29,723		38,680		(13,690	)	1995, 1996, 2015
Elgin Distribution Center	1			2,480		6,422		446		2,480		6,868		9,348		(132	)	2015
Elk Grove Distribution Center	19	(d)		39,769		90,757		50,195		39,769		140,952		180,721		(50,797	)	1995, 1996, 1997, 1999, 2006, 2009, 2015
Elk Grove Du Page	21	(d)		14,830		64,408		11,952		14,830		76,360		91,190		(12,881	)	2012
Elk Grove Village SG	5			5,856		11,049		1,163		5,856		12,212		18,068		(2,791	)	2011
Elmhurst Distribution Center	2			2,575		7,306		1,314		2,576		8,619		11,195		(3,597	)	1997, 2015
Executive Drive	1			1,371		6,430		684		1,371		7,114		8,485		(1,182	)	2011
Franklin Park Distribution Center	3			22,998		49,906		23		22,998		49,929		72,927		(975	)	2015
Glendale Heights Distribution Center	5	(d)		8,381		39,047		5,055		8,381		44,102		52,483		(15,761	)	1999, 2015
Grand Rapids Distribution Center	1	(d)		839		1,516		7		839		1,523		2,362		(30	)	2015
Gurnee Distribution Center	4			4,650		14,958		338		4,650		15,296		19,946		(694	)	2014, 2015
Hintz Building	1			354		1,970		127		354		2,097		2,451		(381	)	2011
I-294 Distribution Center	3	(d)		7,922		32,743		223		7,922		32,966		40,888		(3,158	)	2012, 2014
I-55 Distribution Center	2	(d)		5,383		25,504		35,697		11,786		54,798		66,584		(16,669	)	2007
Itasca Distribution Center	2	(d)		1,522		7,119		1,915		1,522		9,034		10,556		(2,456	)	1996, 2014
Itasca Industrial Center Portfolio	2			1,713		3,812		246		1,713		4,058		5,771		(781	)	2011
Kehoe Industrial Center	2			2,975		7,876		450		2,975		8,326		11,301		(710	)	2011, 2015
Kennicott Park Distribution Center	1			811		2,996		7		811		3,003		3,814		(85	)	2015

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2015

(In thousands of U.S. dollars, as applicable)

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2015
Description	No. of Bldgs.	Encum- brances	Land		Building & Improvements		Subsequent to Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)			Date of Construction/ Acquisition
Kenosha Distribution Center	2			14,484		117,728		23		14,484		117,751		132,235		(1,952	)	2015
Lake Zurich Distribution Center	1			1,913		8,107		-		1,913		8,107		10,020		(156	)	2015
McCook Distribution Center	1			1,968		6,784		237		1,968		7,021		8,989		(122	)	2015
Melrose Park Distribution Ctr.	3			12,201		37,144		543		12,201		37,687		49,888		(2,586	)	2011, 2015
Minooka Distribution Center	3	(d)		18,420		67,250		18,225		19,404		84,491		103,895		(20,027	)	2005, 2008, 2014
Mitchell Distribution Center	1			1,236		7,004		3,842		1,236		10,846		12,082		(7,438	)	1996
Mount Pleasant Distribution Center	1			2,876		8,171		20		2,876		8,191		11,067		(152	)	2015
NDP - Chicago	1			461		1,362		40		461		1,402		1,863		(239	)	2011
Nicholas Logistics Center	1			2,354		10,799		52		2,354		10,851		13,205		(2,238	)	2011
Northbrook Distribution Center	1			2,056		8,227		3,891		2,056		12,118		14,174		(2,787	)	2007
Northlake Distribution Center	2			5,387		15,674		816		5,387		16,490		21,877		(2,391	)	1996, 2015
OHare Industrial Center Portfolio	5			3,455		8,724		211		3,455		8,935		12,390		(1,963	)	2011
Palatine Distribution Center	1			497		2,723		9		497		2,732		3,229		(80	)	2015
Pleasant Prairie Distribution Center	2			3,293		16,321		2,352		3,293		18,673		21,966		(6,044	)	1999, 2015
Remington Lakes Distribution	1			2,382		11,657		654		2,382		12,311		14,693		(1,792	)	2011
Romeoville Distribution Center	8	(d)		31,257		121,385		11,020		31,257		132,405		163,662		(35,961	)	1999, 2005, 2015
S.C. Johnson & Son	1			2,267		15,911		1,552		3,152		16,578		19,730		(3,714	)	2008
Shiller Park Distribution Center	17			17,339		33,001		485		17,339		33,486		50,825		(859	)	2015
Touhy Cargo Terminal	1			2,697		8,909		-		2,697		8,909		11,606		(1,240	)	2011
Tower Distribution Center	1			2,050		1,279		1		2,050		1,280		3,330		(16	)	2015
Waukegan Distribution Center	2			4,368		17,632		1,095		4,368		18,727		23,095		(5,931	)	2007
West Chicago Distribution Center	2			3,125		12,764		4,052		3,125		16,816		19,941		(5,491	)	2005, 2015
Willowbrook Distribution Center	1	(d)		855		3,134		2		855		3,136		3,991		(154	)	2015
Windsor Court	1			635		3,493		214		635		3,707		4,342		(721	)	2011
Wood Dale Industrial SG	5			4,343		10,174		923		4,343		11,097		15,440		(2,054	)	2011
Woodale Distribution Center	1			263		1,490		574		263		2,064		2,327		(1,385	)	1997
Woodridge Distribution Center	15	(d)		49,943		215,504		23,807		53,310		235,944		289,254		(74,110	)	2005, 2007, 2015
Yohan Industrial	3			4,219		12,306		1,291		4,219		13,597		17,816		(2,344	)	2011
Chicago, Illinois	220			461,394		1,619,024		248,995		473,466		1,855,947		2,329,413		(396,271	)
Cincinnati, Ohio
Airpark Distribution Center	4	(d)		5,851		21,846		14,658		6,831		35,524		42,355		(9,082	)	1996, 2012, 2014
DAY Cargo Center	5			-		4,749		601		-		5,350		5,350		(1,931	)	2011
Fairfield Commercial Center	1	(d)		2,526		10,110		62		2,526		10,172		12,698		(473	)	2014
Monroe Park	1	(d)		7,222		29,606		478		7,222		30,084		37,306		(1,366	)	2014
Mosteller Distribution Center	1	(d)		921		3,888		94		921		3,982		4,903		(203	)	2014
Park I-275	4	(d)		15,939		61,886		3,531		15,939		65,417		81,356		(6,724	)	2008, 2012, 2014
Sharonville Distribution Center	2	(d)		1,202		-		15,122		2,424		13,900		16,324		(6,931	)	1997
West Chester Commercial Park I	5			9,466		38,048		2,890		9,466		40,938		50,404		(2,710	)	2012, 2014
Cincinnati, Ohio	23			43,127		170,133		37,436		45,329		205,367		250,696		(29,420	)
Columbus, Ohio
Alum Creek Distribution Center	4	(d)		4,862		37,823		639		4,862		38,462		43,324		(1,644	)	2012, 2015
Brookham Distribution Center	2			5,964		23,858		5,093		5,965		28,950		34,915		(11,343	)	2005
Canal Pointe Distribution Center	1			1,237		7,013		2,199		1,280		9,169		10,449		(4,968	)	1999
Capital Park South Distribution Center	8	(d)		10,077		39,631		30,610		10,470		69,848		80,318		(21,246	)	1996, 2012, 2014
Columbus West Industrial Center	1			427		2,407		43		427		2,450		2,877		(164	)	2014
Corporate Park West	1	(d)		633		3,583		85		633		3,668		4,301		(175	)	2014
Crosswinds Distribution Center	1			3,058		17,758		324		3,058		18,082		21,140		(888	)	2014
Etna Distribution Center	2	(d)		5,840		33,734		606		5,840		34,340		40,180		(1,585	)	2014
International Street Commercial Center	2			1,503		6,356		430		1,503		6,786		8,289		(1,020	)	2012
South Park Distribution Center	2	(d)		3,343		15,182		3,464		3,343		18,646		21,989		(8,622	)	1999, 2005
Westpointe Distribution Center	2			1,446		7,601		1,553		1,446		9,154		10,600		(3,881	)	2007
Columbus, Ohio	26			38,390		194,946		45,046		38,827		239,555		278,382		(55,536	)
Dallas/Fort Worth, Texas
Arlington Corp Center	4	(d)		9,380		41,744		211		9,380		41,955		51,335		(3,062	)	2012, 2014, 2015
Dallas Corporate Center	11	(d)		6,449		5,441		35,098		6,645		40,343		46,988		(19,755	)	1996, 1997, 1998, 1999, 2012
Dallas Industrial	12			7,180		26,514		3,287		7,180		29,801		36,981		(5,717	)	2011
DFW Cargo Center 1	1			-		35,117		1,106		-		36,223		36,223		(6,608	)	2011
DFW Cargo Center 2	1			-		27,916		200		-		28,116		28,116		(4,938	)	2011
DFW Cargo Center East	3			-		19,730		333		-		20,063		20,063		(5,751	)	2011
DFW Logistics Center 6	1			2,010		8,153		80		2,010		8,233		10,243		(157	)	2015
Flower Mound Distribution Center	1	(d)		5,157		20,991		2,502		5,157		23,493		28,650		(7,223	)	2007
Frankford Trade Center	4			6,882		27,530		-		6,882		27,530		34,412		(210	)	2015
Freeport Corporate Center	6	(d)		15,965		63,935		7,948		15,872		71,976		87,848		(6,992	)	2012, 2014
Freeport Distribution Center	4			1,393		5,549		6,065		1,440		11,567		13,007		(6,824	)	1996, 1997, 1998
Great Southwest Corporate Center	3			4,476		18,358		418		4,476		18,776		23,252		(875	)	2014
Great Southwest Distribution Center	26	(d)		46,214		201,866		27,360		46,214		229,226		275,440		(67,049	)	1995, 1996, 1997, 1999, 2000, 2001, 2002, 2005, 2012, 2014, 2015
Greater Dallas Industrial Port	3			3,525		16,375		1,496		3,525		17,871		21,396		(3,289	)	2011
Heritage Business Park	7	(d)		15,423		93,145		135		15,423		93,280		108,703		(1,911	)	2015
Lonestar Portfolio	3			4,736		13,035		3,462		4,736		16,497		21,233		(3,345	)	2011

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2015

(In thousands of U.S. dollars, as applicable)

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2015
Description	No. of Bldgs.	Encum- brances	Land		Building & Improvements		Subsequent to Acquisition		Land		Building & Improvements		Total ( a,b )		Accumulated Depreciation ( c )			Date of Construction/ Acquisition
Mesquite Distribution Center	2	(d)		8,355		34,609		1,123		8,355		35,732		44,087		(3,086	)	2012, 2014
Northgate Distribution Center	10	(d)		13,001		62,062		7,498		13,488		69,073		82,561		(21,084	)	1999, 2005, 2008, 2012, 2014
Riverside Drive Distribution Center	1	(d)		5,107		14,919		2		5,107		14,921		20,028		(392	)	2015
Royal Distribution Center	1			811		4,598		2,747		811		7,345		8,156		(3,118	)	2001
Stemmons Distribution Center	1			272		1,544		1,015		272		2,559		2,831		(1,780	)	1995
Stemmons Industrial Center	8			1,653		10,526		6,548		1,653		17,074		18,727		(11,858	)	1994, 1995, 1996, 1999
Trinity Mills Distribution Center	1	(d)		735		3,774		1,076		735		4,850		5,585		(2,716	)	1999
Valwood Business Center	5	(d)		4,679		19,195		1,352		4,679		20,547		25,226		(5,253	)	2001, 2006, 2014
Valwood Distribution Center	5	(d)		4,742		20,629		1,676		4,742		22,305		27,047		(4,084	)	1999, 2014
Valwood Industrial	2			1,802		9,658		664		1,802		10,322		12,124		(2,114	)	2011
Watersridge Distribution Center	1	(d)		1,939		11,365		11		1,939		11,376		13,315		(237	)	2015
Dallas/Fort Worth Texas	127			171,886		818,278		113,413		172,523		931,054		1,103,577		(199,428	)
Denver, Colorado
Denver Business Center	3			3,142		13,396		828		3,142		14,224		17,366		(1,906	)	2012
Havana Distribution Center	1	(d)		1,421		5,657		175		1,421		5,832		7,253		(371	)	2014
Pagosa Distribution Center	1	(d)		398		2,322		1,932		398		4,254		4,652		(3,038	)	1993
Peoria Distribution Center	2	(d)		4,129		16,593		159		4,129		16,752		20,881		(755	)	2014
Stapleton Bus Center North	2			8,930		-		33,424		7,963		34,391		42,354		(581	)	2014, 2015
Stapleton Business Center	12	(d)		34,634		139,257		10,237		34,635		149,493		184,128		(52,901	)	2005
Upland Distribution Center	6	(d)		4,064		19,035		5,508		4,077		24,530		28,607		(6,316	)	1994, 1995, 2014
Upland Distribution Center II	2	(d)		1,396		5,349		2,183		1,409		7,519		8,928		(3,110	)	1993, 2014
Denver, Colorado	29			58,114		201,609		54,446		57,174		256,995		314,169		(68,978	)
Houston, Texas
Avondale Distribution Center	1			2,231		5,044		145		2,231		5,189		7,420		(103	)	2015
Blalock Distribution Center	3	(d)		5,032		21,983		3,273		5,031		25,257		30,288		(5,647	)	2002, 2012
Cole Creek Distribution Center	1			3,865		22,534		150		3,865		22,684		26,549		(421	)	2015
IAH Cargo Center 1	1			-		13,267		492		-		13,759		13,759		(1,349	)	2012
Jersey Village Corporate Center	4	(d)		17,971		73,062		553		17,830		73,756		91,586		(7,233	)	2012, 2014
Kempwood Business Center	4			1,746		9,894		3,626		1,746		13,520		15,266		(7,333	)	2001
Northpark Distribution Center	12	(d)		15,015		37,139		35,246		15,015		72,385		87,400		(7,548	)	2006, 2008, 2012, 2013, 2014
Perimeter Distribution Center	2			676		4,604		1,132		745		5,667		6,412		(3,166	)	1999
Pine Forest Business Center	11	(d)		6,042		27,639		9,156		6,042		36,795		42,837		(16,967	)	1993, 1995, 2014
Pine North Distribution Center	2			847		4,800		1,297		847		6,097		6,944		(3,598	)	1999
Pinemont Distribution Center	2			642		3,636		1,073		642		4,709		5,351		(2,789	)	1999
Post Oak Business Center	11			2,334		11,655		9,950		2,334		21,605		23,939		(15,310	)	1993, 1994, 1996
Post Oak Distribution Center	5			1,522		8,758		6,256		1,522		15,014		16,536		(11,318	)	1993, 1994
Satsuma Station Distribution Center	1	(d)		3,088		22,389		33		3,088		22,422		25,510		(389	)	2015
South Loop Distribution Center	2			418		1,943		2,258		418		4,201		4,619		(2,902	)	1994
Sugarland Corporate Center	2	(d)		3,506		14,067		107		3,506		14,174		17,680		(637	)	2014
West by Northwest Industrial Center	9	(d)		11,316		46,372		3,944		11,456		50,176		61,632		(7,242	)	1993, 1994, 2012, 2014
White Street Distribution Center	1			469		2,656		2,504		469		5,160		5,629		(3,550	)	1995
Wingfoot Distribution Center	2			1,976		8,606		3,462		1,976		12,068		14,044		(1,726	)	2012, 2013
World Houston Distribution Center	1			1,529		6,326		50		1,529		6,376		7,905		(718	)	2012
Houston, Texas	77			80,225		346,374		84,707		80,292		431,014		511,306		(99,946	)
Indianapolis, Indiana
Airport Bus Center	2	(d)		1,667		6,445		128		1,667		6,573		8,240		(306	)	2014
Airtech Park	1	(d)		7,305		29,001		54		7,305		29,055		36,360		(1,345	)	2014
Ameriplex Industrial Center	1			3,080		31,115		44		3,080		31,159		34,239		(467	)	2015
Eastside Distribution Center	1			228		1,187		2,224		299		3,340		3,639		(1,985	)	1995
North by Northeast Corporate Center	1			1,058		-		9,121		1,059		9,120		10,179		(5,312	)	1995
North Plainfield Park Distribution Center	1	(d)		8,562		34,778		18		8,562		34,796		43,358		(1,597	)	2014
Park 100 Industrial Center	17	(d)		10,410		43,048		22,526		10,410		65,574		75,984		(25,010	)	1995, 2012
Park 267	1			3,705		15,695		399		3,705		16,094		19,799		(703	)	2014
Shadeland Industrial Center	3			428		2,431		3,480		429		5,910		6,339		(4,007	)	1995
Indianapolis, Indiana	28			36,443		163,700		37,994		36,516		201,621		238,137		(40,732	)
Jacksonville, Florida
JAX Cargo Center	1			-		2,892		177		-		3,069		3,069		(1,160	)	2011
Perimeter West Distribution Center	1			1,127		5,239		43		1,127		5,282		6,409		(126	)	2015
Jacksonville, Florida	2			1,127		8,131		220		1,127		8,351		9,478		(1,286	)
Kansas City, Kansas
MCI Cargo Center 1	1			-		2,781		68		-		2,849		2,849		(1,661	)	2011
MCI Cargo Center 2	1			-		11,630		-		-		11,630		11,630		(3,270	)	2011
Kansas City, Kansas	2			-		14,411		68		-		14,479		14,479		(4,931	)
Las Vegas, Nevada
Arrowhead Commerce Center	15	(d)		30,075		82,214		869		30,075		83,083		113,158		(1,709	)	2015
Black Mountain Distribution Center	2			1,108		-		8,038		1,206		7,940		9,146		(4,218	)	1997

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2015

(In thousands of U.S. dollars, as applicable)

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2015
Description	No. of Bldgs.	Encum- brances	Land		Building & Improvements		Subsequent to Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)			Date of Construction/ Acquisition
Cameron Business Center	2			3,597		12,881		2,298		3,597		15,179		18,776		(5,862	)	1999, 2015
Las Vegas Corporate Center	6	(d)		23,118		51,157		1,280		13,653		61,902		75,555		(1,763	)	2014, 2015
Montessouri Distribution Center	1			1,039		2,967		-		1,039		2,967		4,006		(71	)	2015
Pama Distribution Center	1	(d)		2,223		5,695		26		2,223		5,721		7,944		(111	)	2015
Sunrise Industrial Park	9			21,369		92,503		3,909		21,369		96,412		117,781		(8,941	)	2011, 2013, 2014
Valley View Distribution Center	1			2,420		258		-		2,420		258		2,678		(74	)	2015
Warm Springs Distribution Center	6	(d)		8,897		39,055		96		8,897		39,151		48,048		(802	)	2015
West One Business Center	4			2,468		13,985		5,529		2,468		19,514		21,982		(12,450	)	1996
Las Vegas, Nevada	47			96,314		300,715		22,045		86,947		332,127		419,074		(36,001	)
Louisville, Kentucky
Cedar Grove Distribution Center	5			20,697		105,257		3,744		20,696		109,002		129,698		(13,455	)	2005, 2008, 2012, 2015
Commerce Crossings Distribution Center	1			1,912		7,649		266		1,912		7,915		9,827		(2,736	)	2005
I-65 Meyer Distribution Center	3			9,557		32,334		25,091		9,864		57,118		66,982		(9,527	)	2006, 2012, 2015
New Cut Road Distribution Center	1			2,711		11,694		628		2,711		12,322		15,033		(1,903	)	2012
River Ridge Distribution Center	1			8,102		69,329		19		8,102		69,348		77,450		(1,168	)	2015
Riverport Distribution Center	1			1,515		8,585		5,182		1,817		13,465		15,282		(5,717	)	1999
Louisville, Kentucky	12			44,494		234,848		34,930		45,102		269,170		314,272		(34,506	)
Memphis, Tennessee
Delp Distribution Center	3			1,068		10,546		894		1,068		11,440		12,508		(7,828	)	1995
DeSoto Distribution Center	3	(d)		7,225		4,136		35,506		6,778		40,089		46,867		(7,396	)	2007, 2014
Memphis Industrial Park	2			3,252		14,448		1,546		3,252		15,994		19,246		(2,310	)	2012
Olive Branch Distribution Center	1			6,719		31,134		400		6,719		31,534		38,253		(5,230	)	2012
Willow Lake Distribution Center	1			613		3,474		93		613		3,567		4,180		(2,186	)	1999
Memphis, Tennessee	10			18,877		63,738		38,439		18,430		102,624		121,054		(24,950	)
Nashville, Tennessee
CentrePointe Distribution Center	2	(d)		3,760		15,042		712		3,760		15,754		19,514		(1,041	)	2013
Elam Farms Park	1			2,097		8,386		1,918		2,097		10,304		12,401		(1,145	)	2013
I-40 Industrial Center	4			3,075		15,333		4,517		3,075		19,850		22,925		(8,123	)	1995, 1996, 1999, 2012
Interchange City Distribution Center	11	(d)		11,460		49,472		4,398		11,460		53,870		65,330		(4,537	)	1999, 2012, 2014
Nashville North Distribution Center	4	(d)		6,194		44,587		129		6,194		44,716		50,910		(1,015	)	2015
Southpark Distribution Center	4	(d)		11,834		47,336		1,168		11,834		48,504		60,338		(3,300	)	2013
Nashville, Tennessee	26			38,420		180,156		12,842		38,420		192,998		231,418		(19,161	)
New Jersey/New York
Brunswick Distribution Center	2			870		4,928		2,955		870		7,883		8,753		(5,353	)	1997
Carteret Distribution Center	3			39,148		109,078		75		39,148		109,153		148,301		(2,353	)	2015
CenterPoint Distribution Center	1			2,839		12,490		1,753		2,839		14,243		17,082		(2,498	)	2012
Chester Distribution Center	1			548		5,319		345		548		5,664		6,212		(4,364	)	2002
Clifton Distribution Center	1			8,064		12,096		1,333		8,064		13,429		21,493		(2,565	)	2010
Cranbury Business Park	8	(d)		43,056		91,129		2,598		43,056		93,727		136,783		(9,158	)	2012, 2014
Dellamor	7			6,710		35,478		2,593		6,710		38,071		44,781		(7,734	)	2011
Docks Corner SG (Phase II)	1			16,232		19,264		5,728		16,232		24,992		41,224		(7,747	)	2011
Exit 10 Distribution Center	9	(d)		66,230		207,555		12,347		66,230		219,902		286,132		(49,910	)	2005, 2010, 2015
Exit 7 Distribution Center	2	(d)		35,728		117,157		12		35,728		117,169		152,897		(1,980	)	2015
Exit 8A Distribution Center	2	(d)		21,164		85,257		3,804		21,164		89,061		110,225		(17,184	)	2005, 2014
Franklin Commercial Center	1			9,304		23,768		81		9,304		23,849		33,153		(3,384	)	2011
Gourmet Lane Distribution Center	1			13,099		25,814		-		13,099		25,814		38,913		(153	)	2015
Highway 17  55 Madis	1			2,937		13,477		1,115		2,937		14,592		17,529		(2,857	)	2011
Interstate Distribution Center	3	(d)		30,188		76,705		299		30,188		77,004		107,192		(1,407	)	2015
JFK Cargo Center 75_77	2			-		35,916		3,773		-		39,689		39,689		(17,488	)	2011
Kilmer Distribution Center	4	(d)		2,526		14,313		4,239		2,526		18,552		21,078		(12,166	)	1996
Liberty Log Center	1			3,273		24,029		245		3,273		24,274		27,547		(3,114	)	2011
Linden Industrial	2	(d)		18,652		35,297		579		18,652		35,876		54,528		(1,581	)	2011, 2015
Lister Distribution Center	1			16,855		26,004		158		16,855		26,162		43,017		-		2015
Mahwah Corporate Center	4			12,695		27,342		938		12,695		28,280		40,975		(4,934	)	2011
Maspeth Distribution Center	1	(d)		23,784		8,516		-		23,784		8,516		32,300		(49	)	2015
Meadow Lane	1			1,036		6,388		1		1,036		6,389		7,425		(1,250	)	2011
Meadowland Distribution Center	6	(d)		26,379		83,224		5,352		26,379		88,576		114,955		(22,259	)	2005, 2015
Meadowland Industrial Center	7	(d)		4,190		13,469		20,399		4,190		33,868		38,058		(20,951	)	1996, 1998
Meadowlands ALFII	3			3,972		18,895		3,303		3,972		22,198		26,170		(3,778	)	2011
Meadowlands Park	8			6,898		41,471		1,749		6,898		43,220		50,118		(8,474	)	2011
Mooncreek Distribution Center	1			3,319		13,422		15		3,319		13,437		16,756		(2,849	)	2011
Murray Hill Parkway	2			2,907		12,040		280		2,907		12,320		15,227		(2,168	)	2011
National Distribution Center	2	(d)		2,417		3,918		168		2,417		4,086		6,503		(281	)	2014
Newark Airport I  and  II	3			19,379		16,940		649		19,379		17,589		36,968		(1,536	)	2011, 2015
Orchard Hill	1			678		3,756		21		678		3,777		4,455		(791	)	2011
Pennsauken Distribution Center	2			192		959		557		203		1,505		1,708		(889	)	1999
Perth Amboy Corporate Park	2	(d)		54,701		86,705		201		54,701		86,906		141,607		(712	)	2015
Port Reading Business Park	10	(d)		211,931		256,740		123,590		209,055		383,206		592,261		(16,514	)	2005, 2014, 2015
Ports Jersey City Distribution Center	1			34,133		-		60,963		34,401		60,695		95,096		(2,480	)	2014
Portview Commerce Center	3	(d)		9,577		21,581		19,111		9,797		40,472		50,269		(4,199	)	2011, 2012
Secaucus Distribution Center	2	(d)		9,603		-		26,889		9,603		26,889		36,492		(2,258	)	2012
Skyland Crossdock	1			-		9,831		1,292		-		11,123		11,123		(2,421	)	2011

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2015

(In thousands of U.S. dollars, as applicable)

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2015
Description	No. of Bldgs.	Encum- brances	Land		Building & Improvements		Subsequent to Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)			Date of Construction/ Acquisition
South Jersey Distribution Center	1			6,912		17,437		204		6,912		17,641		24,553		(1,619	)	2013
Teterboro Meadowlands 15	2			18,169		34,604		46		18,169		34,650		52,819		(4,308	)	2011, 2015
Two South Middlesex	1			4,389		8,410		460		4,389		8,870		13,259		(1,966	)	2011
New Jersey/New York	117			794,684		1,660,722		310,220		792,307		1,973,319		2,765,626		(259,682	)
Norfolk, Virginia
Chesapeake Distribution Center	1			2,335		9,665		25		2,335		9,690		12,025		(416	)	2014
Norfolk, Virginia	1			2,335		9,665		25		2,335		9,690		12,025		(416	)
Orlando, Florida
Beltway Commerce Center	3			17,082		25,526		7,111		17,082		32,637		49,719		(5,621	)	2008
Chancellor Distribution Center	1			380		2,157		2,596		380		4,753		5,133		(3,160	)	1994
Chancellor Square	3			2,087		9,708		2,835		2,087		12,543		14,630		(2,248	)	2011
Consulate Distribution Center	5			6,105		31,550		2,580		6,105		34,130		40,235		(14,919	)	1999, 2014
Crowne Pointe Park	1			3,888		7,497		43		3,888		7,540		11,428		(165	)	2015
Davenport Distribution  Center	1			934		3,991		102		934		4,093		5,027		(602	)	2012
Lake Mary Logistics Center	1			1,374		5,101		40		1,374		5,141		6,515		(104	)	2015
Orlando Central Park	1			1,398		5,977		403		1,398		6,380		7,778		(1,072	)	2012
Orlando Corporate Center	6	(d)		8,061		33,030		1,410		8,061		34,440		42,501		(1,613	)	2014
Presidents Drive	6			6,845		31,180		4,138		6,845		35,318		42,163		(7,072	)	2011
Sand Lake Service Center	6			3,704		19,546		3,603		3,704		23,149		26,853		(4,599	)	2011
Orlando, Florida	34			51,858		175,263		24,861		51,858		200,124		251,982		(41,175	)
Phoenix, Arizona
24th Street Industrial Center	2			503		2,852		1,991		561		4,785		5,346		(3,622	)	1994
Alameda Distribution Center	2			3,872		14,358		3,033		3,872		17,391		21,263		(6,229	)	2005
Brookridge Distribution Center	1	(d)		3,897		15,153		241		3,897		15,394		19,291		(733	)	2014
Hohokam 10 Business Center	1			1,317		7,468		1,376		1,318		8,843		10,161		(4,971	)	1999
Kyrene Commons Distribution Center	3			1,093		5,475		2,786		1,093		8,261		9,354		(5,209	)	1992, 1998, 1999
Papago Distribution Center	3			4,828		20,017		5,007		4,829		25,023		29,852		(10,709	)	1994, 2005
Phoenix Distribution Center	2			4,837		17,257		1,009		4,837		18,266		23,103		(1,005	)	2012, 2015
University Dr Distribution Center	1			683		2,735		820		683		3,555		4,238		(1,156	)	2005
Watkins Street Distribution Center	1			242		1,375		792		243		2,166		2,409		(1,410	)	1995
Wilson Drive Distribution Center	1			1,273		5,093		935		1,273		6,028		7,301		(2,227	)	2005
Phoenix, Arizona	17			22,545		91,783		17,990		22,606		109,712		132,318		(37,271	)
Portland, Oregon
Clackamas Distribution Center	5	(d)		8,828		28,192		299		8,828		28,491		37,319		(1,858	)	2012, 2014
PDX Cargo Center Airtrans	2			-		13,697		247		-		13,944		13,944		(3,506	)	2011
PDX Corporate Center East	4	(d)(e)		7,126		21,303		130		7,126		21,433		28,559		(947	)	2014
PDX Corporate Center North Phase II	4	(d)(e)		10,293		25,461		2,102		10,293		27,563		37,856		(3,271	)	2008, 2014
Portland Northwest Corporate Park	10			13,666		40,999		26		13,666		41,025		54,691		(489	)	2015
Southshore Corporate Center	3	(d)(e)		9,480		24,173		10,261		8,143		35,771		43,914		(4,864	)	2006, 2014, 2015
Portland, Oregon	28			49,393		153,825		13,065		48,056		168,227		216,283		(14,935	)
Reno, Nevada
Damonte Ranch Distribution Center	3	(d)		8,764		36,766		956		8,764		37,722		46,486		(4,746	)	2012, 2014
Golden Valley Distribution Center	1			940		13,686		3,254		2,415		15,465		17,880		(5,090	)	2005
Meredith Kleppe Business Center	5			2,988		10,933		4,755		2,988		15,688		18,676		(4,008	)	1993, 2014
Packer Way Distribution Center	2			506		2,879		2,011		506		4,890		5,396		(3,658	)	1993
Reno Aircenter	1			544		12,292		1,645		544		13,937		14,481		(218	)	2015
RNO Cargo Center 10_11	2			-		4,265		405		-		4,670		4,670		(1,338	)	2011
Sage Point Business Park	1			1,705		6,821		95		1,705		6,916		8,621		(125	)	2015
Stead Distribution Center	1	(d)		1,046		19,330		280		1,046		19,610		20,656		(357	)	2015
Tahoe-Reno Industrial Center	2	(d)		4,964		30,381		23,957		4,964		54,338		59,302		(6,337	)	2007, 2015
Vista Industrial Park	6	(d)		5,923		26,807		10,458		5,923		37,265		43,188		(19,189	)	1994, 2001
Reno, Nevada	24			27,380		164,160		47,816		28,855		210,501		239,356		(45,066	)
Salt Lake City, Utah
Clearfield Industrial Center	1			3,485		14,759		-		3,485		14,759		18,244		(991	)	2014
Salt Lake City, Utah	1			3,485		14,759		-		3,485		14,759		18,244		(991	)
San Antonio, Texas
Coliseum Distribution Center	2	(d)		1,607		6,548		-		1,607		6,548		8,155		(307	)	2014
Director Drive Distribution Center	2			1,271		5,455		277		1,271		5,732		7,003		(994	)	2012
Downtown Distribution Center	1			579		2,347		-		579		2,347		2,926		(112	)	2014
Eisenhauer Distribution Center	5	(d)		5,042		21,383		941		5,042		22,324		27,366		(2,701	)	2012, 2014
Interchange East Distribution Center	1			1,496		6,535		234		1,496		6,769		8,265		(1,485	)	2012
Landmark One Distribution Center	1	(d)		857		3,439		113		857		3,552		4,409		(160	)	2014
Macro Distribution Center	4	(d)		2,535		12,395		4,498		2,535		16,893		19,428		(5,611	)	2002, 2014
Perrin Creek Corporate Center	10	(d)		9,770		40,193		527		9,770		40,720		50,490		(4,004	)	2012, 2014
Rittiman East Industrial Park	2			4,848		19,223		3,251		4,848		22,474		27,322		(7,177	)	2006
Rittiman West Industrial Park	2			1,230		4,950		1,184		1,230		6,134		7,364		(2,260	)	2006

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2015

(In thousands of U.S. dollars, as applicable)

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2015
Description	No. of Bldgs.	Encum- brances	Land		Building & Improvements		Subsequent to Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)			Date of Construction/ Acquisition
San Antonio Distribution Center I	6			1,203		4,648		7,491		1,203		12,139		13,342		(9,472	)	1993
San Antonio Distribution Center II	3			885		-		7,638		885		7,638		8,523		(4,564	)	1994
San Antonio Distribution Center III	6	(d)		5,079		22,364		1,075		5,083		23,435		28,518		(4,021	)	1996, 2012, 2014
Tri-County Distribution Center	4	(d)		6,888		27,718		2,838		6,889		30,555		37,444		(5,378	)	2007, 2014
San Antonio, Texas	49			43,290		177,198		30,067		43,295		207,260		250,555		(48,246	)
San Francisco Bay Area, California
Acer Distribution Center	1	(d)		3,368		15,139		253		3,368		15,392		18,760		(3,113	)	2011
Alvarado Business Center	10	(d)		20,739		62,595		7,311		20,739		69,906		90,645		(24,865	)	2005
Bayshore Distribution Center	1			6,450		15,049		2,697		6,450		17,746		24,196		(3,747	)	2011
Bayside Corporate Center	7			4,365		-		21,297		4,365		21,297		25,662		(13,800	)	1995, 1996
Bayside Plaza I	12			5,212		18,008		8,936		5,216		26,940		32,156		(18,917	)	1993
Bayside Plaza II	2			634		-		3,838		634		3,838		4,472		(2,530	)	1994
Brennan Distribution	1			1,912		7,553		66		1,912		7,619		9,531		(1,516	)	2011
Component Drive Industrial Port	3			2,829		13,532		745		2,829		14,277		17,106		(2,841	)	2011
Cypress	1			1,065		5,103		252		1,065		5,355		6,420		(1,039	)	2011
Dado Distribution	1			2,194		11,079		276		2,194		11,355		13,549		(2,397	)	2011
Doolittle Distribution Center	1			2,843		18,849		1,138		2,843		19,987		22,830		(3,447	)	2011
Dowe Industrial Center	2	(d)		5,884		20,400		879		5,884		21,279		27,163		(4,356	)	2011
Dublin Industrial Portfolio	1			3,241		15,951		1,071		3,241		17,022		20,263		(2,788	)	2011
East Bay Doolittle	1			4,015		15,988		1,718		4,015		17,706		21,721		(3,832	)	2011
East Grand Airfreight	8			13,858		31,627		1,008		13,858		32,635		46,493		(2,777	)	2011, 2015
Edgewater Industrial Center	1			6,630		31,153		3,321		6,630		34,474		41,104		(6,864	)	2011
Eigenbrodt Way Distribution Center	1			393		2,228		694		393		2,922		3,315		(2,153	)	1993
Gateway Corporate Center	10			6,736		24,747		11,274		6,744		36,013		42,757		(25,190	)	1993
Hayward Commerce Center	4			1,933		10,955		3,783		1,933		14,738		16,671		(10,791	)	1993
Hayward Commerce Park	2	(d)		7,131		10,519		687		7,131		11,206		18,337		(682	)	2014
Hayward Distribution Center	2			831		5,510		3,442		1,038		8,745		9,783		(6,727	)	1993
Hayward Industrial Center	20			13,535		48,573		11,915		13,535		60,488		74,023		(26,067	)	1993, 2015
Junction Industrial Park	4			7,658		39,106		1,975		7,658		41,081		48,739		(6,727	)	2011
Lakeside BC	1			3,969		11,181		2,479		3,969		13,660		17,629		(1,682	)	2011
Laurelwood Drive	3			18,709		34,925		514		18,709		35,439		54,148		(2,770	)	2011, 2015
Lawrence SSF	1			2,189		7,498		298		2,189		7,796		9,985		(1,471	)	2011
Livermore Distribution Center	4			8,992		26,976		2,480		8,992		29,456		38,448		(10,844	)	2005
Martin-Scott Industrial Port	2			3,546		9,717		460		3,546		10,177		13,723		(2,018	)	2011
Oakland Industrial Center	3	(d)		8,234		24,704		2,569		8,235		27,272		35,507		(9,553	)	2005
Overlook Distribution Center	1			1,573		8,915		2,576		1,573		11,491		13,064		(5,404	)	1999
Pacific Business Center	2			6,075		26,260		3,934		6,075		30,194		36,269		(5,599	)	2011
Pacific Commons Industrial Center	5	(d)(e)		25,784		77,594		2,191		25,805		79,764		105,569		(28,056	)	2005
Pacific Industrial Center	6	(d)		21,675		65,083		4,977		21,675		70,060		91,735		(24,542	)	2005
San Francisco Industrial Park	4			17,508		32,516		25		17,508		32,541		50,049		(1	)	2015
San Leandro Distribution Center	9			28,264		44,507		3,822		28,265		48,328		76,593		(9,169	)	1993, 2015
Shoreline Business Center	8			4,328		16,101		6,641		4,328		22,742		27,070		(15,430	)	1993
Silicon Valley R and D	1			1,262		5,259		587		1,262		5,846		7,108		(933	)	2011
South Bay Brokaw	3			4,014		23,296		1,754		4,014		25,050		29,064		(4,106	)	2011
South Bay Junction	2			3,662		21,120		1,866		3,662		22,986		26,648		(3,742	)	2011
South Bay Lundy	2			6,500		33,642		2,577		6,500		36,219		42,719		(6,328	)	2011
Spinnaker Business Center	12			7,043		25,220		12,206		7,043		37,426		44,469		(25,616	)	1993
Thornton Business Center	7			8,802		27,614		4,704		8,821		32,299		41,120		(11,524	)	1993, 2015
TriPoint Bus Park	4			9,057		23,727		4,736		9,057		28,463		37,520		(4,334	)	2011
Utah Airfreight	1			10,657		42,842		2,133		10,657		44,975		55,632		(7,443	)	2011
Wiegman Road	2			6,658		21,558		436		6,658		21,994		28,652		(2,082	)	2011, 2015
Yosemite Drive	10			31,304		65,674		289		31,304		65,963		97,267		(2,218	)	2011, 2015
Zanker-Charcot Industrial	5			4,867		28,750		1,474		4,867		30,224		35,091		(5,014	)	2011
San Francisco Bay Area California	194			368,128		1,128,343		154,304		368,389		1,282,386		1,650,775		(367,045	)
Savannah, Georgia
Morgan Business Center	1			2,161		14,680		1,235		2,161		15,915		18,076		(2,227	)	2011
Savannah, Georgia	1			2,161		14,680		1,235		2,161		15,915		18,076		(2,227	)
Seattle, Washington
Auburn Distribution Center	1			2,608		5,742		-		2,608		5,742		8,350		(40	)	2015
East Valley Warehouse	1	(d)(e)		10,472		57,825		1,024		10,472		58,849		69,321		(8,684	)	2011
Fife Distribution Center	1			3,245		-		13,734		3,588		13,391		16,979		(760	)	2013
Harvest Business Park	3			3,541		18,827		956		3,541		19,783		23,324		(3,243	)	2011
Interurban Distribution Center	1	(d)		7,233		13,958		2		7,233		13,960		21,193		(588	)	2015
Kent Centre Corporate Park	4			5,397		21,599		1,122		5,397		22,721		28,118		(3,689	)	2011
Kent Corporate Center	1			12,616		8,368		140		12,616		8,508		21,124		(205	)	2015
Kent-Northwest Corporate Park	18			71,768		139,886		968		71,768		140,854		212,622		(3,650	)	2015
Kingsport Industrial Park	7			16,605		48,942		2,565		16,800		51,312		68,112		(11,160	)	2011
Northwest Distribution Center	3			5,114		24,090		1,748		5,114		25,838		30,952		(4,346	)	2011
Occidental Distribution Center	1			1,770		1,960		-		1,770		1,960		3,730		(4	)	2015
Portside Distribution Cent	2			19,114		44,598		1,622		20,514		44,820		65,334		(1,147	)	2015
ProLogis Park SeaTac	2	(d)		12,230		14,170		3,460		12,457		17,403		29,860		(3,770	)	2008
Puget Sound Airfreight	1			1,408		4,201		371		1,408		4,572		5,980		(745	)	2011
Renton Northwest Corp. Park	4			5,102		17,946		919		5,102		18,865		23,967		(3,619	)	2011

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2015

(In thousands of U.S. dollars, as applicable)

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2015
Description	No. of Bldgs.	Encum- brances	Land		Building & Improvements		Subsequent to Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)			Date of Construction/ Acquisition
SEA Cargo Center North	1			-		10,279		63		-		10,342		10,342		(7,262	)	2011
Sumner Landing	1	(e)		10,332		32,545		767		10,332		33,312		43,644		(4,390	)	2011
Van Doren's Distribution Center	1	(e)		3,166		7,339		7		3,166		7,346		10,512		(322	)	2014
Seattle, Washington	53			191,721		472,275		29,468		193,886		499,578		693,464		(57,624	)
South Florida
Airport West Distribution Center	2	(d)		1,253		3,825		4,109		1,974		7,213		9,187		(3,980	)	1995, 1998
Arvida Park of Commerce	3			9,527		11,743		34		9,527		11,777		21,304		(356	)	2015
Beacon Centre	18			37,998		196,004		12,768		37,998		208,772		246,770		(32,300	)	2011
Beacon Industrial Park	9	(d)		23,511		75,424		3,742		23,511		79,166		102,677		(11,547	)	2011, 2015
Beacon Lakes	5			32,658		24,691		37,778		32,658		62,469		95,127		(1,675	)	2012, 2014, 2015
Blue Lagoon Business Park	2	(d)		9,189		29,451		1,636		9,189		31,087		40,276		(5,205	)	2011
CenterPort Distribution Center	5	(d)		8,802		22,504		3,445		8,922		25,829		34,751		(9,564	)	1999, 2012
Commercial Logistics Center	1			7,938		11,083		220		7,938		11,303		19,241		(352	)	2015
Congress Distribution Center	1	(d)		2,266		5,639		10		2,266		5,649		7,915		(150	)	2015
Copans Distribution Center	2			504		2,857		1,483		504		4,340		4,844		(2,321	)	1997, 1998
Delray Beach Commerce Center	1			1,765		1,236		75		1,765		1,311		3,076		(64	)	2015
Dolphin Distribution Center	1			2,716		7,364		851		2,716		8,215		10,931		(1,793	)	2011
Gateway Center	1	(d)		1,015		1,284		6		1,015		1,290		2,305		(35	)	2015
Hollywood Park Distribution Center	13			16,848		36,191		673		16,848		36,864		53,712		(1,046	)	2015
International Corp Park	5			26,915		54,436		2,714		26,915		57,150		84,065		(4,252	)	2010, 2015
Lyons Technology Park	1	(d)		1,988		3,651		7		1,988		3,658		5,646		(102	)	2015
Magnolia Park Distribution Center	1	(d)		1,398		1,613		30		1,398		1,643		3,041		(44	)	2015
Marlin Distribution Center	1			1,844		6,603		448		1,844		7,051		8,895		(1,344	)	2011
Miami Airport Business Center	6			11,173		45,921		2,180		11,173		48,101		59,274		(8,522	)	2011
North Andrews Distribution Center	2	(d)		11,327		22,330		416		11,327		22,746		34,073		(3,288	)	1994, 2015
Pompano Beach Distribution Center	3			11,035		15,136		3,849		11,035		18,985		30,020		(3,432	)	2008
Pompano Center of Commerce	5			5,171		13,930		426		5,171		14,356		19,527		(2,194	)	2011
Port Lauderdale Distribution Center	9	(d)		40,927		73,128		9,449		42,235		81,269		123,504		(8,271	)	1997, 2012, 2014, 2015
Port Lucie West Distribution Center	2	(d)		1,131		1,412		41		1,131		1,453		2,584		(51	)	2015
ProLogis Park I-595	2	(d)		1,998		11,326		1,027		1,999		12,352		14,351		(5,410	)	2003
Prospect Park Distribution Center	17			9,896		16,144		244		9,896		16,388		26,284		(535	)	2015
Sawgrass International Park	1			5,163		11,476		15		5,163		11,491		16,654		(216	)	2015
Seneca Distribution Center	3			16,357		46,738		61		16,357		46,799		63,156		(857	)	2015
South Dade Commerce Center	1	(d)		1,791		147		1		1,791		148		1,939		(14	)	2015
Sunshine Park Distribution Center	1			2,822		4,857		2		2,822		4,859		7,681		(140	)	2015
Tarpon Distribution Center	1			1,847		6,451		249		1,847		6,700		8,547		(1,484	)	2011
South Florida	125			308,773		764,595		87,989		310,923		850,434		1,161,357		(110,544	)
Southern California
Activity Distribution Center	4			10,820		27,410		38		10,820		27,448		38,268		(582	)	2015
Anaheim Industrial Center	12			31,086		57,836		3,358		31,086		61,194		92,280		(21,264	)	2005
Anaheim Industrial Property	1			5,096		10,816		70		5,096		10,886		15,982		(1,765	)	2011
Arrow Industrial Park	2			4,840		8,120		986		4,840		9,106		13,946		(1,565	)	2012
Artesia Industrial	26	(d)		163,764		217,400		6,123		163,764		223,523		387,287		(29,381	)	2011, 2015
Bell Ranch Distribution	4			5,539		23,092		1,657		5,539		24,749		30,288		(4,570	)	2011
Brea Industrial Center	1			2,488		4,062		395		2,488		4,457		6,945		(672	)	2012
California Commerce Center	6	(d)		30,127		52,094		4,457		30,127		56,551		86,678		(5,471	)	2012, 2014, 2015
Carson Distribution Center	2	(d)		29,974		22,483		17,035		29,975		39,517		69,492		(2,328	)	2011, 2015
Carson Industrial	1			844		2,081		796		844		2,877		3,721		(541	)	2011
Carson Town Center	2			11,781		31,572		1,071		11,781		32,643		44,424		(4,824	)	2011
CAT - Kaiser Commercial Center	1			4,971		-		8,816		4,972		8,815		13,787		(103	)	2015
Cedarpointe Industrial Park	9	(d)		56,349		105,792		715		56,349		106,507		162,856		(3,970	)	2012, 2015
Chartwell Distribution Center	3			55,803		77,135		2,224		55,803		79,359		135,162		(4,221	)	2011, 2015
Chatsworth Distribution Center	2			11,713		17,569		78		11,713		17,647		29,360		(442	)	2015
Chino Industrial Center	4			850		1,274		10		850		1,284		2,134		(905	)	2012
Commerce Industrial Center	1			11,345		17,653		2,122		11,345		19,775		31,120		(2,493	)	2012
Crossroads Business Park	9	(d)		36,131		98,030		135,003		89,668		179,496		269,164		(39,322	)	2005, 2010, 2014
Del Amo Industrial Center	1			7,471		17,889		387		7,471		18,276		25,747		(3,511	)	2011
Dominguez North Industrial Center	6	(d)		20,662		34,382		4,240		20,688		38,596		59,284		(7,860	)	2007, 2012
Eaves Distribution Center	3			13,914		31,041		2,282		13,914		33,323		47,237		(6,746	)	2011
Foothill Business Center	3			5,254		8,096		163		5,254		8,259		13,513		(1,134	)	2012
Ford Distribution Center	11			44,128		108,125		3,239		44,128		111,364		155,492		(17,819	)	2011, 2015
Fordyce Distribution Center	1			6,110		19,485		906		6,110		20,391		26,501		(4,348	)	2011
Harris Business Center Alliance II	9			13,134		66,195		2,392		13,134		68,587		81,721		(11,601	)	2011
Haven Distribution Center	4	(d)		96,975		73,903		7,704		96,975		81,607		178,582		(15,877	)	2008
Huntington Beach Distribution Center	1			14,679		22,019		-		14,679		22,019		36,698		(183	)	2015
Industry Distribution Center	8	(d)(e)		54,170		99,434		6,987		54,170		106,421		160,591		(35,819	)	2005, 2012
Inland Empire Distribution Center	6	(d)		43,320		84,006		8,212		44,100		91,438		135,538		(23,714	)	2005, 2012, 2015
International Multifoods	1			4,700		-		10,843		4,700		10,843		15,543		(1,577	)	2011
Jack Northrup Distribution Center	1			4,280		9,820		-		4,280		9,820		14,100		(189	)	2015

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2015

(In thousands of U.S. dollars, as applicable)

				Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2015
Description	No. of Bldgs.		Encum- brances	Land		Building & Improvements		Subsequent to Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)			Date of Construction/ Acquisition
Kaiser Distribution Center	8		(d)(e)		131,819		242,618		20,236		136,030		258,643		394,673		(84,323	)	2005, 2008
LAX Cargo Center	3				-		19,217		366		-		19,583		19,583		(6,149	)	2011
Los Angeles Industrial Center	2				3,777		7,015		378		3,777		7,393		11,170		(2,701	)	2005
Main St Distribution Center	1				13,058		20,370		751		13,058		21,121		34,179		(400	)	2015
Meridian Park	2				38,270		70,022		149		38,270		70,171		108,441		(7,264	)	2008, 2015
Mid Counties Industrial Center	19		(d)		62,329		101,667		15,800		62,329		117,467		179,796		(39,490	)	2005, 2006, 2010, 2012, 2015
Mill Street Distribution Center	1		(d)		1,825		4,306		-		1,825		4,306		6,131		(199	)	2014
Mill Street Spec Distribution Center	1		(d)		15,691		36,550		138		15,691		36,688		52,379		(1,638	)	2014
Milliken Distribution Center	1				18,831		30,811		233		18,831		31,044		49,875		(4,672	)	2012
NDP - Los Angeles	5				14,855		41,115		2,642		14,855		43,757		58,612		(8,685	)	2011
Normandie Industrial	1				12,297		14,957		1,686		12,297		16,643		28,940		(3,522	)	2011
North County Distribution Center	4				75,581		101,342		5,986		75,581		107,328		182,909		(12,937	)	2011, 2012, 2015
Ontario Distribution Center	1				18,823		29,524		482		18,823		30,006		48,829		(4,220	)	2012
Orange Industrial Center	1				4,156		7,836		349		4,157		8,184		12,341		(2,866	)	2005
Pacific Business Center	5				20,810		32,169		2,356		20,810		34,525		55,335		(4,788	)	2012
Pomona Distribution Center	1		(d)		22,361		27,898		14		22,361		27,912		50,273		(966	)	2015
ProLogis Park Ontario	2		(d)		25,499		47,366		876		25,499		48,242		73,741		(14,170	)	2007
Rancho Cucamonga Distribution Center	6		(d)(e)		58,710		113,273		3,638		58,711		116,910		175,621		(30,925	)	2005, 2015
Redlands Commercial Center	1		(d)		20,583		30,881		13		20,583		30,894		51,477		(1,396	)	2014
Redlands Distribution Center	9		(d)		98,682		120,920		104,484		102,416		221,670		324,086		(24,816	)	2006, 2007, 2012, 2013, 2014, 2015
Redondo Beach Distribution Center	1				7,455		11,223		-		7,455		11,223		18,678		(358	)	2015
Rialto Distribution Center	5		(d)		86,270		200,602		33,375		88,505		231,742		320,247		(22,690	)	2012, 2014, 2015
Riverbluff Distribution Center	1		(d)		42,964		-		33,014		42,964		33,014		75,978		(7,242	)	2009
Santa Ana Distribution Center	3				27,070		32,168		989		27,070		33,157		60,227		(3,599	)	2005, 2015
Santa Fe Distribution Center	1				12,163		9,927		-		12,163		9,927		22,090		(254	)	2015
Slover Distribution Center	4		(d)		40,335		45,492		25		40,335		45,517		85,852		(889	)	2015
South Bay Distribution Center	4		(d)		14,478		27,511		6,757		15,280		33,466		48,746		(11,278	)	2005, 2007
South Bay Transport	1				15,928		23,891		-		15,928		23,891		39,819		(25	)	2015
Starboard Distribution Center	1				18,763		53,824		332		18,763		54,156		72,919		(8,816	)	2011
Terra Francesco	1				11,196		-		15,591		11,196		15,591		26,787		(343	)	2012
Torrance Distribution Center	1				25,730		40,414		349		25,730		40,763		66,493		(5,719	)	2012
Transpark Inland Empire Distribution Center	1		(d)		28,936		42,167		262		28,936		42,429		71,365		(1,805	)	2014
Van Nuys Airport Industrial	4				23,455		39,916		2,642		23,455		42,558		66,013		(6,626	)	2011
Vernon Distribution Center	15				25,439		47,250		4,092		25,441		51,340		76,781		(18,696	)	2005
Vernon Industrial	2				3,626		3,319		692		4,121		3,516		7,637		(2,672	)	2011
Vista Distribution Center	1				4,150		6,225		3,514		4,150		9,739		13,889		(2,406	)	2012
Walnut Drive	1				2,665		7,397		217		2,665		7,614		10,279		(1,256	)	2011
Watson Industrial Center AFdII	1				6,944		11,193		371		6,944		11,564		18,508		(1,900	)	2011
Wilmington Avenue Warehouse	2				11,172		34,723		2,423		11,172		37,146		48,318		(6,101	)	2011
Workman Mill Distribution Center	1				32,467		56,672		-		32,467		56,672		89,139		(952	)	2015
Southern California	270				1,901,481		3,142,585		497,531		1,967,307		3,574,290		5,541,597		(614,551	)
Tampa, Florida
Corporate Center Tampa	6				4,458		19,166		322		4,458		19,488		23,946		(502	)	2015
Tampa West Distribution Center	1				432		2,582		-		432		2,582		3,014		(100	)	2015
Tampa, Florida	7				4,890		21,748		322		4,890		22,070		26,960		(602	)
Subtotal United States:		1,799			5,461,589		14,367,377		2,519,859		5,547,099		16,801,726		22,348,825		(3,054,600	)
Canada:
Toronto
Airport Rd. Distribution Center	1		(d)		21,761		61,219		2,048		22,743		62,285		85,028		(8,397	)	2011
Annagem Distribution Center	1				2,935		10,040		731		3,068		10,638		13,706		(1,498	)	2011
Annagem Distribution Center II	1				1,652		4,235		728		1,727		4,888		6,615		(757	)	2011
Bolton Distribution Center	1		(d)		6,651		-		20,753		6,952		20,452		27,404		(3,159	)	2009
Keele Distribution Center	1				1,034		4,148		490		1,081		4,591		5,672		(928	)	2011
Meadowvale Distribution Center	2		(d)		30,184		-		45,247		30,748		44,683		75,431		(752	)	2014
Millcreek Distribution Center	2				7,200		27,387		578		7,525		27,640		35,165		(3,899	)	2011
Milton 401 Business Park	1				5,617		18,401		2,954		5,870		21,102		26,972		(3,478	)	2011
Milton 402 Business Park	2		(d)		9,213		31,586		1,838		9,524		33,113		42,637		(3,033	)	2011, 2014
Milton Crossings Business Park	2				16,405		39,931		4,202		17,145		43,393		60,538		(5,867	)	2011
Mississauga Gateway Center	6		(d)		45,243		104,681		31		45,474		104,481		149,955		(5,669	)	2008, 2014
Pearson Logistic Center	2		(d)		10,466		37,515		1,377		10,938		38,420		49,358		(5,180	)	2011
Tapscott Dist Ctr	1				4,431		-		6,582		2,948		8,065		11,013		-		2015
Toronto	23				162,792		339,143		87,559		165,743		423,751		589,494		(42,617	)
Subtotal Canada:	23				162,792		339,143		87,559		165,743		423,751		589,494		(42,617	)
Mexico:
Guadalajara
Parque Opcion	1				730		2,287		2,132		730		4,419		5,149		(656	)	2011
Guadalajara	1				730		2,287		2,132		730		4,419		5,149		(656	)
Subtotal Mexico:	1				730		2,287		2,132		730		4,419		5,149		(656	)
Subtotal North American Markets:	1823				5,625,111		14,708,807		2,609,550		5,713,572		17,229,896		22,943,468		(3,097,873	)

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2015

(In thousands of U.S. dollars, as applicable)

			Initial Cost to Prologis				Costs Capitalized			Gross Amounts at Which Carried at December 31, 2015
Description	No. of Bldgs.	Encum- brances	Land		Building & Improvements		Subsequent to Acquisition			Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)			Date of Construction/ Acquisition
European Markets
Austria
Himberg DC	1			3,331		-		5,616			3,667		5,280		8,947		(661	)	2011
Austria	1			3,331		-		5,616			3,667		5,280		8,947		(661	)
Belgium
Boom Distribution Center	1			12,260		16,570		84			12,260		16,654		28,914		(2,408	)	2011
Belgium	1			12,260		16,570		84			12,260		16,654		28,914		(2,408	)
Czech Republic
Prague Rudna Distribution Center	1			2,333		12,156		2,868			2,333		15,024		17,357		(225	)	2015
Uzice Distribution Center	1			2,422		-		15,811			2,422		15,811		18,233		(3,698	)	2007
Czech Republic	2			4,755		12,156		18,679			4,755		30,835		35,590		(3,923	)
France
Bonneuil Distribution Center	1			-		-		14,501			-		14,501		14,501		(1,102	)	2012
LGR Genevill. 1 SAS	1			2,006		2,176		733			2,006		2,909		4,915		(377	)	2011
LGR Genevill. 2 SAS	1			1,542		3,196		37			1,542		3,233		4,775		(405	)	2011
Moissy II Distribution Center	1			4,978		-		4,004			4,932		4,050		8,982		(1,469	)	2014
Port of Rouen	1			-		13,881		165			-		14,046		14,046		(2,376	)	2011
France	5			8,526		19,253		19,440			8,480		38,739		47,219		(5,729	)
Germany
Hausbruch Industrial Center 4-B	1			7,438		4,837		219			7,438		5,056		12,494		(1,800	)	2011
Hausbruch Industrial Center 5-650	1			2,677		413		300			2,677		713		3,390		(158	)	2011
Kolleda Distribution Center	1			231		3,564		(285	)		231		3,279		3,510		(543	)	2008
Lauenau Distribution Center	1			2,496		5,557		298			2,496		5,855		8,351		(943	)	2011
Meerane Distribution Center	1			615		4,729		(216	)		615		4,513		5,128		(716	)	2008
Germany	5			13,457		19,100		316			13,457		19,416		32,873		(4,160	)
Italy
Arena Po Distribution Center	2			7,420		20,085		467			7,420		20,552		27,972		(4,519	)	2011
Castel San Giovanni Distribution Center	1			3,084		9,416		228			3,084		9,644		12,728		(1,622	)	2011
Siziano Logistic Park	1			9,851		17,858		821			9,851		18,679		28,530		(2,779	)	2011
Italy	4			20,355		47,359		1,516			20,355		48,875		69,230		(8,920	)
Poland
Nadarzyn Distribution Center	1			2,252		-		7,081			2,249		7,084		9,333		(1,265	)	2009
Piotrkow II Distribution Center	1			1,464		-		5,008			1,441		5,031		6,472		(1,028	)	2009
Sochaczew Distribution Center	2			119		10,578		1,827			772		11,752		12,524		(2,558	)	2008
Szczecin Distribution Center	1			278		-		4,032			281		4,029		4,310		(126	)	2014
Teresin Distribution Center	2			3,044		15,907		968			3,608		16,311		19,919		(2,782	)	2011
Poland	7			7,157		26,485		18,916			8,351		44,207		52,558		(7,759	)
Slovakia
Sered Distribution Center	1			2,174		-		11,869			2,174		11,869		14,043		(1,948	)	2009
Slovakia	1			2,174		-		11,869			2,174		11,869		14,043		(1,948	)
Spain
Barajas MAD Logistics	4			-		35,219		901			-		36,120		36,120		(6,699	)	2011
Spain	4			-		35,219		901			-		36,120		36,120		(6,699	)
Sweden
Orebro Distribution Center	1			9,025		19,731		2,195			9,025		21,926		30,951		(5,248	)	2011
Sweden	1			9,025		19,731		2,195			9,025		21,926		30,951		(5,248	)

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2015

(In thousands of U.S. dollars, as applicable)

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2015
Description	No. of Bldgs.	Encum- brances	Land		Building & Improvements		Subsequent to Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)			Date of Construction/ Acquisition
United Kingdom
Midpoint Park	1			15,972		11,478		23,698		22,163		28,985		51,148		(1,758	)	2008
United Kingdom	1			15,972		11,478		23,698		22,163		28,985		51,148		(1,758	)
Subtotal European Markets:	32			97,012		207,351		103,230		104,687		302,906		407,593		(49,213	)
Asian Markets
China
Dalian Industrial Park DC	1			2,392		13,704		86		2,247		13,935		16,182		(1,780	)	2011
Fengxian Logistics Center	3			-		12,978		910		-		13,888		13,888		(4,368	)	2011
Jiaxing Distribution Center	4			10,793		10,464		12,437		9,358		24,336		33,694		(2,215	)	2011, 2013
Tianjin Bonded LP	2			1,474		8,938		34		1,379		9,067		10,446		(1,321	)	2011
China	10			14,659		46,084		13,467		12,984		61,226		74,210		(9,684	)
Japan
ProLogis Park Aichi Distribution Center	1			18,310		-		73,995		24,533		67,772		92,305		(12,235	)	2007
ProLogis Park Narita III	1			17,035		60,396		9,604		18,276		68,759		87,035		(11,392	)	2008
Japan	2			35,345		60,396		83,599		42,809		136,531		179,340		(23,627	)
Singapore
Airport Logistics Center 3	1			-		24,038		168		-		24,206		24,206		(4,946	)	2011
Changi South Distribution Center 1	1			-		39,173		107		-		39,280		39,280		(7,366	)	2011
Changi-North DC1	1			-		12,961		1,748		-		14,709		14,709		(2,596	)	2011
Singapore Airport Logistic Center 2	1			-		34,807		198		-		35,005		35,005		(7,180	)	2011
Tuas Distribution Center	1			-		17,680		254		-		17,934		17,934		(5,370	)	2011
Singapore	5			-		128,659		2,475		-		131,134		131,134		(27,458	)
Subtotal Asian Markets:	17			50,004		235,139		99,541		55,793		328,891		384,684		(60,769	)
Total Industrial Operating Properties:	1872			5,772,127		15,151,297		2,812,321		5,874,052		17,861,693		23,735,745		(3,207,855	)
Development Portfolio
North American Markets
United States
Central and Eastern Pennsylvania
Carlisle Distribution Center	1			14,030		-		36,256		14,030		36,256		50,286				2015
Lehigh Valley Distribution Center	1			5,725		-		21,683		5,725		21,683		27,408				2015
Central and Eastern Pennsylvania	2			19,755		-		57,939		19,755		57,939		77,694
Central Valley, California
Patterson Pass Business Center	2			6,577		-		45,756		6,577		45,756		52,333				2015
Central Valley California	2			6,577		-		45,756		6,577		45,756		52,333
Charlotte, North Carolina
West Pointe Business Center	1			694		-		9,462		694		9,462		10,156				2015
Charlotte, North Carolina	1			694		-		9,462		694		9,462		10,156
Chicago, Illinois
Glendale Heights Distribution Center	1			345		-		4,552		345		4,552		4,897
Woodridge Distribution Center	1			1,381		-		3,511		1,381		3,511		4,892
Chicago, Illinois	2			1,726		-		8,063		1,726		8,063		9,789
Cincinnati, Ohio
Gateway International Distribution Center	1			2,676		-		16,531		2,676		16,531		19,207				2015
Cincinnati, Ohio	1			2,676		-		16,531		2,676		16,531		19,207
Columbus, Ohio
Etna Distribution Center	1			3,642		-		17,432		3,642		17,432		21,074
Columbus, Ohio	1			3,642		-		17,432		3,642		17,432		21,074
Dallas/Fort Worth, Texas
Dallas Corporate Center North Distribution Center	2			6,014		-		18,298		6,014		18,298		24,312				2015
Gold Spike Distribution Center	1			3,629		-		17,696		3,629		17,696		21,325				2015
Heritage Business Park	2			4,731		-		25,563		4,731		25,563		30,294				2015
Mountain Creek	2			13,181		-		33,805		13,181		33,805		46,986				2015
Park 121 Distribution Center	1			6,888		-		11,952		6,888		11,952		18,840
ST Micro Distribution Center	2			2,429		-		273		2,429		273		2,702
Dallas/Fort Worth, Texas	10			36,872		-		107,587		36,872		107,587		144,459
Denver, Colorado
Stapleton Business Center North	1			2,493		-		10,599		2,493		10,599		13,092
Denver, Colorado	1			2,493		-		10,599		2,493		10,599		13,092

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2015

(In thousands of U.S. dollars, as applicable)

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2015
Description	No. of Bldgs.	Encum- brances	Land		Building & Improvements		Subsequent to Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)		Date of Construction/ Acquisition
Houston, Texas
Greens Parkway Distribution Center	1			1,246		-		9,723		1,246		9,723		10,969
Houston, Texas	1			1,246		-		9,723		1,246		9,723		10,969
Las Vegas, Nevada
Black Mountain Distribution Center	1			3,686		-		5,951		3,686		5,951		9,637
Las Vegas Beltway Distribution Center	1			6,341		-		452		6,341		452		6,793
Sunrise Industrial Park	1			130		-		297		130		297		427
Las Vegas, Nevada	3			10,157		-		6,700		10,157		6,700		16,857
Nashville, Tennessee
Center Pointe Distribution Center	2			3,746		-		8,900		3,746		8,900		12,646
Nashville, Tennessee	2			3,746		-		8,900		3,746		8,900		12,646
New Jersey
Edison Distribution Center	1			30,610		-		43,595		30,610		43,595		74,205			2015
Elizabeth Seaport II	1			37,325		-		81		37,325		81		37,406
New Jersey	2			67,935		-		43,676		67,935		43,676		111,611
Orlando, Florida
Beltway Commerce Center	1			1,753		-		6,447		1,753		6,447		8,200			2015
Orlando Airport Park	1			5,259		-		1,102		5,259		1,102		6,361
Orlando, Florida	2			7,012		-		7,549		7,012		7,549		14,561
Reno, Nevada
Tahoe-Reno Industrial Center	1			1,740		-		31,067		1,740		31,067		32,807			2015
Reno, Nevada	1			1,740		-		31,067		1,740		31,067		32,807
San Antonio, Texas
Cornerstone Distribution Center	1			2,173		-		6,736		2,173		6,736		8,909
San Antonio, Texas	1			2,173		-		6,736		2,173		6,736		8,909
San Francisco Bay Area California
Boyce Distribution Center	2			21,719		-		24,450		21,719		24,450		46,169
Hayward Industrial Center	1			11,031		-		41		11,031		41		11,072
Pinole Point	2			7,700		-		19,515		7,700		19,515		27,215			2015
San Francisco Bay Area California	5			40,450		-		44,006		40,450		44,006		84,456
Southern California
Redlands Distribution Center	3			57,795		-		117,174		57,795		117,174		174,969			2015
Southern California	3			57,795		-		117,174		57,795		117,174		174,969
Subtotal United States:	40			266,689		-		548,900		266,689		548,900		815,589
Canada
Milton 402 Bus Park	3			9,675		-		13,943		9,675		13,943		23,618
Canada	3			9,675		-		13,943		9,675		13,943		23,618
Mexico
Centro Industrial Center	3			2,828		-		8,779		2,828		8,779		11,607			2015
El Puente Industrial Center	1			778		-		4,194		778		4,194		4,972			2015
PDX Corporate Center North/South	1			14,602		-		13,701		14,602		13,701		28,303
San Jose Distribution Center	2			12,699		-		392		12,699		392		13,091
Toluca Distribution Center	1			3,060		-		3,124		3,060		3,124		6,184
Mexico	8			33,967		-		30,190		33,967		30,190		64,157
Subtotal North American Markets:	51			310,331		-		593,033		310,331		593,033		903,364		-
European Markets
Czech Republic
Prague Airport Distribution Center	1			4,523		-		9,708		4,523		9,708		14,231			2015
Prague-Jirny Distribution Center	1			5,137		-		8,376		5,137		8,376		13,513
Czech Republic	2			9,660		-		18,084		9,660		18,084		27,744
France
Isle d'Abeau Distribution Center	1			3,853		-		-		3,853		-		3,853
Le Havre Distribution Center	2			1,836		-		17,385		1,836		17,385		19,221
Moissy II Distribution Center	1			4,950		-		14,801		4,950		14,801		19,751
Presles Distribution Center	1			-		-		-		-		-		-
France	5			10,639		-		32,186		10,639		32,186		42,825
Germany
Bergheim Distribution Center	1			5,101		-		6,956		5,101		6,956		12,057
Munich East Distribution Center	1			26,764		-		60,627		26,764		60,627		87,391
Germany	2			31,865		-		67,583		31,865		67,583		99,448

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2015

(In thousands of U.S. dollars, as applicable)

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2015
Description	No. of Bldgs.	Encum- brances	Land		Building & Improvements		Subsequent to Acquisition		Land		Building & Improvements		Total (a,b)		Accumulated Depreciation (c)			Date of Construction/ Acquisition
Hungary
Hegyeshalom Distribution Center	1			253		-		-		253		-		253
Hungary	1			253		-		-		253		-		253
Netherlands
Eindhoven Distribution Center	1			-		-		9,346		-		9,346		9,346
Fokker Logistics Center	1			15,512		-		55		15,512		55		15,567
Venlo Distribution Center	1			6,239		-		14,774		6,239		14,774		21,013				2015
Netherlands	3			21,751		-		24,175		21,751		24,175		45,926
Poland
Chorzow Distribution Center	1			3,758		-		-		3,758		-		3,758
Szczecin Distribution Center	1			677		-		8,787		677		8,787		9,464
Wroclaw V Distribution Center	1			1,846		-		5,245		1,846		5,245		7,091
Poland	3			6,281		-		14,032		6,281		14,032		20,313
Slovakia
Bratislava Distribution Center	1			1,785		-		2,066		1,785		2,066		3,851
Slovakia	1			1,785		-		2,066		1,785		2,066		3,851
United Kingdom
Birmingham International Gateway Distribution Center	6			18,971		-		3,690		18,971		3,690		22,661
Boscombe Road Distribution Center	1			17,929		-		9,930		17,929		9,930		27,859
Daventry Phase II Distribution Center	2			6,574		-		5,673		6,574		5,673		12,247
Park Ryton Distribution Center	2			14,389		-		8,088		14,389		8,088		22,477
Stockly Park Distribution Center	2			28,344		-		12		28,344		12		28,356
United Kingdom	13			86,207		-		27,393		86,207		27,393		113,600
Subtotal European Markets:	30			168,441		-		185,519		168,441		185,519		353,960
Asian Markets
Japan
Chiba New Town Distribution Center	1			30,543		-		81,966		30,543		81,966		112,509
Hisayama Distribution Center	1			5,034		-		20,292		5,034		20,292		25,326				2015
Ibaraki Distribution Center	1			41,824		-		61,737		41,824		61,737		103,561
Kobe Distribution Center	1			17,155		-		13,806		17,155		13,806		30,961
Koga Distribution Center	2			6,746		-		7,581		6,746		7,581		14,327
Narashino IV Distribution Center	1			19,050		-		50,988		19,050		50,988		70,038
Narita 1	1			9,208		-		22,645		9,208		22,645		31,853				2015
Osaka 5	1			35,195		-		78,288		35,195		78,288		113,483				2015
Yoshimi Distribution Center	1			20,891		-		92,630		20,891		92,630		113,521				2015
Japan	10			185,646		-		429,933		185,646		429,933		615,579
Subtotal Asian Markets:	10			185,646		-		429,933		185,646		429,933		615,579
Total Development Portfolio	91			664,418		-		1,208,485		664,418		1,208,485		1,872,903
GRAND TOTAL	1963			6,436,545		15,151,297		4,020,806		6,538,470		19,070,178		25,608,648		(3,207,855	)

Schedule III – Footnotes

(a) The following table reconciles real estate assets per Schedule III to the Consolidated Balance Sheet in Item 8 at December 31, 2015 (in thousands):

Total per Schedule III	$	25,608,648
Land		1,359,794
Other real estate investments		552,926
Total per consolidated balance sheet	$	27,521,368	(f)

(b) The aggregate cost for federal tax purposes at December 31, 2015, of our real estate assets was approximately $16.9 billion (unaudited).

(c) Real estate assets (excluding land balances) are depreciated over their estimated useful lives. These useful lives are generally 5 to 7 years for capital improvements, 10 years for standard tenant improvements, 25 years for depreciable land improvements, 30 years for operating properties acquired and 40 years for operating properties we develop.

The following table reconciles accumulated depreciation per Schedule III to the Consolidated Balance Sheet in Item 8 at December 31, 2015 (in thousands):

Total accumulated depreciation per Schedule III	$	3,207,855
Accumulated depreciation on other real estate investments		66,429
Total per consolidated balance sheet	$	3,274,284

(d) Properties with an aggregate undepreciated cost of $5.8 billion secure $3.0 billion of mortgage notes. See Note 9 to the Consolidated Financial Statements in Item 8 for more information related to our secured mortgage debt.

(e) Assessment bonds of $15.2 million are secured by assessments (similar to property taxes) on various underlying real estate properties with an aggregate undepreciated cost of $843.8 million. See Note 9 to the Consolidated Financial Statements in Item 8 for more information related to our assessment bonds.

(f) The following table summarizes our real estate assets and accumulated depreciation for the years ended December 31 (in thousands):

	2015			2014			2013
Real estate assets:
Balance at beginning of year	$	20,109,432		$	18,822,081		$	23,559,891
Acquisitions of operating properties, improvements to operating properties      development activity, transfers of land to CIP and net effect of changes in foreign      exchange rates and other		7,191,335			3,595,836			2,050,810
Basis of operating properties disposed of		(1,719,632	)		(2,713,300	)		(6,857,994	)
Change in the development portfolio balance, including the acquisition of properties		398,923			452,963			69,374
Assets transferred to held-for-sale		(371,410	)		(48,148	)		-
Balance at end year	$	25,608,648		$	20,109,432		$	18,822,081
Accumulated depreciation:
Balance at beginning of year	$	2,748,835		$	2,540,267		$	2,460,642
Depreciation expense		617,258			490,298			505,691
Balances retired upon disposition of operating properties and net effect of changes      in foreign exchange rates and other		(153,621	)		(277,516	)		(426,066	)
Assets transferred to held-for-sale		(4,617	)		(4,214	)		-
Balance at end of year	$	3,207,855		$	2,748,835		$	2,540,267