Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2016

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, 2016

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

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2016
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		998		4,759		14,589		19,348		(1,487	)	2014, 2015
Atlanta NE at Sugarloaf	1	(d)		620		2,499		73		620		2,572		3,192		(214	)	2014
Atlanta NE Distribution Center	8	(d)		5,582		3,047		32,175		6,276		34,528		40,804		(20,201	)	1996, 1997
Atlanta South Business Park	9			5,353		28,895		4,341		5,353		33,236		38,589		(6,832	)	2011
Atlanta West Distribution Center	6	(d)		13,420		43,556		8,732		13,420		52,288		65,708		(9,893	)	1994, 2006, 2012, 2015
Berkeley Lake Distribution Center	1	(d)		2,046		8,712		1,204		2,046		9,916		11,962		(2,659	)	2006
Breckenridge Distribution Center	1	(d)		1,645		6,627		277		1,645		6,904		8,549		(555	)	2014
Buford Distribution Center	2			2,659		8,847		6,101		2,659		14,948		17,607		(2,190	)	2007, 2015
Carter-Pacific Business Center	3	(d)		1,484		5,965		440		1,484		6,405		7,889		(712	)	2014
Cobb Place Distribution Center	2			2,970		12,702		1,721		2,970		14,423		17,393		(2,439	)	2012
Douglas Hill Distribution Center	4			11,599		46,826		4,820		11,677		51,568		63,245		(19,347	)	2005
Hartsfield East Distribution Center	1			697		6,466		654		697		7,120		7,817		(1,131	)	2011
Horizon Distribution Center	2	(d)		7,364		36,015		1,659		7,364		37,674		45,038		(4,744	)	2006, 2015
Midland Distribution Center	1			1,919		7,679		1,547		1,919		9,226		11,145		(3,304	)	2006
Northeast Industrial Center	2			2,821		12,176		1,707		2,821		13,883		16,704		(2,899	)	2012
Northmont Industrial Center	1			566		3,209		1,741		566		4,950		5,516		(3,614	)	1994
Olympic Industrial Center	2			2,156		8,941		545		2,156		9,486		11,642		(1,088	)	2014
Park I-75 South	2	(d)		11,393		18,808		35,508		11,406		54,303		65,709		(5,061	)	2013, 2015
Park I-85	4			6,391		11,585		26,264		6,465		37,775		44,240		(1,485	)	2015
Peachtree Corners Business Center	5	(d)		5,750		20,670		3,960		5,750		24,630		30,380		(6,394	)	1994, 2015
Piedmont Ct. Distribution Center	2			885		5,013		4,269		885		9,282		10,167		(6,465	)	1997
Riverside Distribution Center (ATL)	4	(d)		3,306		16,600		4,462		3,329		21,039		24,368		(11,251	)	1999, 2014
Royal 85 Industrial Center	3			3,306		16,859		776		3,306		17,635		20,941		(1,081	)	2015
Savannah Logistics Center	2	(d)		5,114		46,844		343		5,114		47,187		52,301		(2,665	)	2015
Southfield-KRDC Industrial SG	1			1,551		8,621		524		1,551		9,145		10,696		(2,705	)	2011
Southside Distribution Center	1			1,186		2,859		590		1,186		3,449		4,635		(952	)	2011
Suwanee Creek Distribution Center	2			1,045		4,201		492		1,045		4,693		5,738		(791	)	2010, 2013
Tradeport Distribution Center	3	(d)		1,464		4,563		9,663		1,479		14,211		15,690		(8,957	)	1994, 1996
Weaver Distribution Center	2			935		5,182		2,439		935		7,621		8,556		(5,742	)	1995
Westfork Industrial Center	3	(d)		6,216		19,382		823		6,216		20,205		26,421		(1,306	)	2015
Atlanta, Georgia	84			116,202		436,940		158,848		117,099		594,891		711,990		(138,164	)
Austin, Texas
Corridor Park Corporate Center	4	(d)		4,579		18,358		622		4,579		18,980		23,559		(1,535	)	2014
MET 4-12  LTD	1			4,300		20,456		294		4,300		20,750		25,050		(4,125	)	2011
MET PHASE 1 95  LTD	4			5,593		17,211		1,519		5,593		18,730		24,323		(3,961	)	2011
Montopolis Distribution Center	1			580		3,384		2,628		580		6,012		6,592		(4,882	)	1994
Riverside Distribution Center (AUS)	1			1,849		7,195		93		1,849		7,288		9,137		(435	)	2015
Southpark Corporate Center	3			1,470		5,834		227		1,470		6,061		7,531		(484	)	2014
Walnut Creek Corporate Center	17	(d)		11,152		46,510		1,643		11,206		48,099		59,305		(7,089	)	1994, 2014
Austin, Texas	31			29,523		118,948		7,026		29,577		125,920		155,497		(22,511	)
Baltimore/Washington DC
1901 Park 100 Drive	1	(d)		2,409		7,227		1,178		2,409		8,405		10,814		(3,306	)	2006
Airport Commons Distribution Center	2	(d)		2,320		-		10,671		2,360		10,631		12,991		(5,474	)	1997
Beltway Distribution	1			9,211		33,922		909		9,211		34,831		44,042		(7,016	)	2011
BWI Cargo Center E	1			-		10,725		115		-		10,840		10,840		(7,174	)	2011
Corcorde Industrial Center	4	(d)		1,538		8,717		5,104		1,538		13,821		15,359		(9,946	)	1995
Corridor Industrial Center	1			1,921		7,224		365		1,921		7,589		9,510		(1,515	)	2011
Crysen Industrial Center	1			2,285		6,267		656		2,285		6,923		9,208		(1,599	)	2011
Gateway Business Center	8			22,025		25,117		21,843		22,261		46,724		68,985		(4,062	)	2012, 2014
Gateway Distribution Center	3			2,523		5,715		5,217		3,163		10,292		13,455		(3,229	)	1998, 2012
Granite Hill Distribution Center	2			2,959		9,344		74		2,959		9,418		12,377		(2,413	)	2011
Greenwood Industrial Center	3			6,828		24,253		2,912		6,828		27,165		33,993		(5,534	)	2011
Hampton Central Distribution Center	3	(d)		8,928		26,787		1,090		8,928		27,877		36,805		(2,214	)	2014
IAD Cargo Center 5	1			-		43,060		96		-		43,156		43,156		(39,338	)	2011
Meadowridge Distribution Center	3	(d)		7,827		18,076		8,397		7,972		26,328		34,300		(4,959	)	1998, 2014
Meadowridge Industrial Center	3			4,845		20,576		4,564		4,845		25,140		29,985		(4,891	)	2011
Patuxent Range Road	2			2,281		9,638		1,630		2,281		11,268		13,549		(2,490	)	2011
Preston Court	1			2,326		10,146		331		2,326		10,477		12,803		(2,181	)	2011
ProLogis Park - Dulles	7	(d)		16,703		35,291		854		16,703		36,145		52,848		(4,850	)	2012, 2014
Troy Hill Distribution Center	3			9,179		30,415		741		9,179		31,156		40,335		(3,570	)	2012, 2014
White Marsh Distribution Center	1			4,714		6,955		625		4,714		7,580		12,294		(256	)	2015
Baltimore/Washington DC	51			110,822		339,455		67,372		111,883		405,766		517,649		(116,017	)

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2016

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

				Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2016
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
Central & Eastern, Pennsylvania
Carlisle Distribution Center	9				92,681		328,514		45,559		92,707		374,047		466,754		(38,465	)	2012, 2013, 2015
Chambersburg Distribution Center	1				4,188		17,796		138		4,188		17,934		22,122		(2,277	)	2013
Harrisburg Distribution Center		6			30,801		122,169		5,554		30,801		127,723		158,524		(18,167	)	2004, 2013, 2015
Harrisburg Industrial Center	1				782		6,190		1,837		782		8,027		8,809		(3,776	)	2002
I-78 Distribution Center	1				13,030		30,007		444		13,030		30,451		43,481		(5,670	)	2011
I-81 Distribution Center	1				1,822		21,583		377		1,822		21,960		23,782		(3,998	)	2011
Kraft Distribution Center	1		(d)		7,450		22,457		20		7,450		22,477		29,927		(1,879	)	2014
Lehigh Valley Distribution Center	9		(d)		32,520		88,519		50,908		32,782		139,165		171,947		(17,211	)	2004, 2010, 2013, 2014, 2015
Northport Industrial Center	1		(d)		12,282		37,910		-		12,282		37,910		50,192		(3,199	)	2014
Park 33 Distribution Center	2				28,947		47,081		41,468		31,231		86,265		117,496		(12,094	)	2007,2014
PHL Cargo Center C2	1				-		11,966		87		-		12,053		12,053		(6,738	)	2011
Quakertown Distribution Center	1				6,966		-		28,369		6,966		28,369		35,335		(7,035	)	2006
Central & Eastern, Pennsylvania	34				231,469		734,192		174,761		234,041		906,381		1,140,422		(120,509	)
Central Valley, California
Arch Road Logistics Center	2		(d)		9,492		38,060		2,314		9,492		40,374		49,866		(8,729	)	2010
Central Valley Distribution Center	2		(d)		4,329		25,033		885		4,329		25,918		30,247		(2,205	)	2014
Central Valley Industrial Center	4		(d)		13,064		58,080		9,062		13,473		66,733		80,206		(26,734	)	1999, 2002, 2005, 2014
Chabot Commerce Center	2				5,222		13,697		7,731		5,222		21,428		26,650		(6,173	)	2011
Duck Creek Distribution Center	1		(d)		6,690		37,858		-		6,690		37,858		44,548		(3,048	)	2014
Manteca Distribution Center	1				9,280		27,840		669		9,480		28,309		37,789		(10,673	)	2005
Patterson Pass Business Center	4				14,225		19,547		96,523		17,267		113,028		130,295		(7,398	)	2007, 2012, 2015, 2016
Tracy II Distribution Center	5				23,905		32,080		152,941		29,246		179,680		208,926		(31,106	)	2007, 2009, 2012, 2013
Central Valley, California	21				86,207		252,195		270,125		95,199		513,328		608,527		(96,066	)
Charlotte, North Carolina
Charlotte Distribution Center	11		(d)		6,596		8,206		30,225		8,114		36,913		45,027		(18,116	)	1995, 1996, 1997, 1998, 2014
Northpark Distribution Center	2		(d)		1,183		6,707		3,287		1,184		9,993		11,177		(6,977	)	1994, 1998
West Pointe Business Center	6		(d)		12,832		39,809		20,969		13,134		60,476		73,610		(8,672	)	2006, 2012, 2014, 2015
Charlotte, North Carolina	19				20,611		54,722		54,481		22,432		107,382		129,814		(33,765	)
Chicago, Illinois
Addison Business Center	1				1,293		2,907		536		1,293		3,443		4,736		(835	)	2011
Addison Distribution Center	2				2,594		11,779		2,295		2,594		14,074		16,668		(4,012	)	1997, 2015
Alsip Distribution Center	1				4,895		9,710		250		4,895		9,960		14,855		(691	)	2015
Arlington Heights Distribution Center	2				5,263		10,361		3,568		5,264		13,928		19,192		(2,754	)	2006, 2015
Aurora Distribution Center	6				9,921		53,571		1,645		9,921		55,216		65,137		(4,509	)	2015
Bedford Park Distribution Center	2		(d)		3,014		9,271		359		3,014		9,630		12,644		(697	)	2015
Bensenville Distribution Center	1				926		3,842		6,429		940		10,257		11,197		(7,769	)	1997
Bensenville Industrial Park	14		(d)		43,455		111,007		9,495		43,455		120,502		163,957		(24,998	)	2011, 2015
Bloomingdale 100 Business Center	4		(d)		6,563		26,145		1,784		6,563		27,929		34,492		(2,262	)	2014
Bolingbrook Distribution Center	13		(d)		40,219		154,530		28,173		40,219		182,703		222,922		(29,862	)	1999, 2006, 2014, 2015
Bridgeview Distribution Center	4				1,662		6,882		170		1,662		7,052		8,714		(895	)	2014
Chicago Industrial Portfolio	1				1,330		2,876		428		1,330		3,304		4,634		(940	)	2011
Cicero Distribution Center	1				3,789		5,819		849		3,789		6,668		10,457		(762	)	2015
Des Plaines Distribution Center	4				8,022		17,145		4,129		8,023		21,273		29,296		(8,745	)	1995, 1996, 2015
Elgin Distribution Center	1				2,480		6,422		854		2,480		7,276		9,756		(404	)	2015
Elk Grove Distribution Center	14		(d)		37,200		81,638		41,879		37,200		123,517		160,717		(48,437	)	1995, 1996, 1997, 1999, 2006, 2009, 2015
Elk Grove Du Page	21				14,830		64,408		13,911		14,830		78,319		93,149		(17,943	)	2012
Elk Grove Village SG	5				5,856		11,049		1,484		5,856		12,533		18,389		(3,484	)	2011
Elmhurst Distribution Center	1				1,862		3,263		472		1,862		3,735		5,597		(197	)	2015
Franklin Park Distribution Center	3				22,998		49,906		805		22,998		50,711		73,709		(2,516	)	2015
Glendale Heights Distribution Center	5				8,381		39,047		5,895		8,381		44,942		53,323		(17,374	)	1999, 2015
Grand Rapids Distribution Center	1		(d)		839		1,516		16		839		1,532		2,371		(77	)	2015
Gurnee Distribution Center	2				2,353		5,579		298		2,353		5,877		8,230		(385	)	2015
I-55 Distribution Center	2		(d)		5,383		25,504		36,018		11,786		55,119		66,905		(19,352	)	2007
Itasca Distribution Center	1		(d)		1,222		5,178		1,077		1,222		6,255		7,477		(806	)	2014
Itasca Industrial Portfolio	1				1,044		1,920		229		1,044		2,149		3,193		(545	)	2011
Kehoe Industrial Center	2				2,975		7,876		545		2,975		8,421		11,396		(1,013	)	2011, 2015
Kennicott Park Distribution Center	1				811		2,996		24		811		3,020		3,831		(221	)	2015
Kenosha Distribution Center	2				14,484		117,728		521		14,484		118,249		132,733		(5,085	)	2015
McCook Distribution Center	1				1,968		6,784		281		1,968		7,065		9,033		(333	)	2015
Melrose Park Distribution Center	2				9,544		27,851		488		9,544		28,339		37,883		(1,390	)	2015
Minooka Distribution Center	3				18,420		67,250		18,437		19,404		84,703		104,107		(23,238	)	2005, 2008, 2014
Mitchell Distribution Center	1				1,236		7,004		4,355		1,236		11,359		12,595		(7,913	)	1996
Mount Pleasant Distribution Center	1				2,876		8,171		574		2,876		8,745		11,621		(399	)	2015
NDP - Chicago	1				461		1,362		78		461		1,440		1,901		(294	)	2011
Northbrook Distribution Center	1				2,056		8,227		4,015		2,056		12,242		14,298		(3,532	)	2007
Northlake Distribution Center	1				5,015		13,569		125		5,015		13,694		18,709		(760	)	2015

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2016

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

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2016
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
OHare Industrial Portfolio	5			3,455		8,724		216		3,455		8,940		12,395		(2,387	)	2011
Palatine Distribution Center	1			497		2,723		299		497		3,022		3,519		(200	)	2015
Pleasant Prairie Distribution Center	2			3,293		16,321		3,597		3,293		19,918		23,211		(7,053	)	1999, 2015
Remington Lakes Distribution Center	1			2,382		11,657		901		2,382		12,558		14,940		(2,210	)	2011
Romeoville Distribution Center	7	(d)		30,559		116,956		11,527		30,559		128,483		159,042		(38,273	)	2005, 2015
S.C. Johnson & Son	1			2,267		15,911		1,842		3,152		16,868		20,020		(4,287	)	2008
Shiller Park Distribution Center	17			17,339		33,001		3,350		17,339		36,351		53,690		(2,363	)	2015
Touhy Cargo Terminal	1			2,697		8,909		-		2,697		8,909		11,606		(1,503	)	2011
Tower Distribution Center	1			2,050		1,279		5		2,050		1,284		3,334		(62	)	2015
Waukegan Distribution Center	1			2,451		9,438		506		2,451		9,944		12,395		(3,260	)	2007
West Chicago Distribution Center	2			3,125		12,764		4,971		3,125		17,735		20,860		(6,425	)	2005, 2015
Willowbrook Distribution Center	1	(d)		855		3,134		23		855		3,157		4,012		(337	)	2015
Windsor Court	1			635		3,493		536		635		4,029		4,664		(880	)	2011
Woodale Distribution Center	1			263		1,490		599		263		2,089		2,352		(1,454	)	1997
Woodridge Distribution Center	15	(d)		49,943		215,504		27,177		53,310		239,314		292,624		(83,241	)	2005, 2007, 2015
Yohan Industrial Center	3			4,219		12,306		1,685		4,219		13,991		18,210		(2,937	)	2011
Chicago, Illinois	189			423,270		1,463,703		249,725		434,925		1,701,773		2,136,698		(402,301	)
Cincinnati, Ohio
Airpark Distribution Center	4	(d)		5,851		21,846		15,049		6,831		35,915		42,746		(10,495	)	1996, 2012, 2014
DAY Cargo Center	5			-		4,749		671		-		5,420		5,420		(2,388	)	2011
Fairfield Commerce Center	1	(d)		2,526		10,110		105		2,526		10,215		12,741		(870	)	2014
Gateway International Distribution Center	1			2,676		-		18,534		2,695		18,515		21,210		(445	)	2015
Monroe Park	1	(d)		7,222		29,606		506		7,222		30,112		37,334		(2,547	)	2014
Mosteller Distribution Center	1	(d)		921		3,888		165		921		4,053		4,974		(379	)	2014
Park I-275	4	(d)		15,939		61,886		3,815		15,939		65,701		81,640		(9,244	)	2008, 2012, 2014
Sharonville Distribution Center	2	(d)		1,202		-		15,838		2,424		14,616		17,040		(7,486	)	1997
West Chester Commerce Park I	3			3,366		13,877		3,203		3,366		17,080		20,446		(2,581	)	2012, 2014
Cincinnati, Ohio	22			39,703		145,962		57,886		41,924		201,627		243,551		(36,435	)
Columbus, Ohio
Alum Creek Distribution Center	3	(d)		3,945		33,239		321		3,945		33,560		37,505		(1,871	)	2015
Brookham Distribution Center	2			5,964		23,858		5,130		5,965		28,987		34,952		(12,576	)	2005
Capital Park South Distribution Center	8	(d)		10,077		39,631		32,697		10,470		71,935		82,405		(24,153	)	1996, 2012, 2014
Columbus West Industrial Center	1			427		2,407		202		427		2,609		3,036		(298	)	2014
Corporate Park West	1	(d)		633		3,583		89		633		3,672		4,305		(327	)	2014
Crosswinds Distribution Center	1			3,058		17,758		500		3,058		18,258		21,316		(1,666	)	2014
Etna Distribution Center	2	(d)		5,840		33,734		1,055		5,840		34,789		40,629		(2,954	)	2014
International Street Commerce Center	2			1,503		6,356		483		1,503		6,839		8,342		(1,312	)	2012
South Park Distribution Center	2	(d)		3,343		15,182		3,627		3,343		18,809		22,152		(9,453	)	1999, 2005
Westpointe Distribution Center	2			1,446		7,601		1,764		1,446		9,365		10,811		(4,312	)	2007
Columbus, Ohio	24			36,236		183,349		45,868		36,630		228,823		265,453		(58,922	)
Dallas/Fort Worth, Texas
Arlington Corporate Center	4	(d)		9,380		41,744		450		9,380		42,194		51,574		(5,320	)	2012, 2014, 2015
Dallas Corporate Center	11	(d)		6,449		5,441		35,845		6,645		41,090		47,735		(21,109	)	1996, 1997, 1998, 1999, 2012
Dallas Corporate Center North Distribution Center	2			6,014		-		20,152		5,990		20,176		26,166		(301	)	2015
DFW Cargo Center 1	1			-		35,117		1,284		-		36,401		36,401		(8,082	)	2011
DFW Cargo Center 2	1			-		27,916		221		-		28,137		28,137		(5,964	)	2011
DFW Cargo Center East	3			-		19,730		367		-		20,097		20,097		(7,001	)	2011
DFW Logistics Center 6	1			2,010		8,153		580		2,010		8,733		10,743		(418	)	2015
Flower Mound Distribution Center	1	(d)		5,157		20,991		2,588		5,157		23,579		28,736		(8,198	)	2007
Frankford Trade Center	4			6,882		27,530		807		6,882		28,337		35,219		(938	)	2015
Freeport Corporate Center	6	(d)		15,965		63,935		9,665		15,872		73,693		89,565		(9,737	)	2012, 2014
Freeport Distribution Center	4			1,393		5,549		6,289		1,440		11,791		13,231		(7,219	)	1996, 1997, 1998
Gold Spike Distribution Center	1			3,629		-		18,094		3,629		18,094		21,723		(334	)	2015
Great Southwest Corporate Center	3			4,476		18,358		455		4,476		18,813		23,289		(1,625	)	2014
Great Southwest Distribution Center	22	(d)		44,349		190,068		26,195		44,454		216,158		260,612		(67,964	)	1995, 1996, 1997, 1999, 2000, 2005, 2012, 2014, 2015
Greater Dallas Industrial Portfolio	3			3,525		16,375		1,713		3,525		18,088		21,613		(4,066	)	2011
Heritage Business Park	9	(d)		20,153		93,145		29,179		20,153		122,324		142,477		(5,187	)	2015
Lonestar Portfolio	1			2,396		7,839		2,774		2,396		10,613		13,009		(2,655	)	2011
Mesquite Distribution Center	2			8,355		34,609		1,247		8,355		35,856		44,211		(4,450	)	2012, 2014
Northgate Distribution Center	10	(d)		13,001		62,062		9,361		13,488		70,936		84,424		(23,775	)	1999, 2005, 2008, 2012, 2014
Park 121 Distribution Center	1			6,888		-		14,628		7,662		13,854		21,516		(217	)	2016
Riverside Drive Distribution Center	1	(d)		5,107		14,919		74		5,107		14,993		20,100		(1,020	)	2015
ST Micro Distribution Center	2			2,429		-		17,317		4,026		15,720		19,746		(96	)	2016
Stemmons Distribution Center	1			272		1,544		1,018		272		2,562		2,834		(1,887	)	1995
Stemmons Industrial Center	8			1,653		10,526		6,697		1,653		17,223		18,876		(12,552	)	1994, 1995, 1996, 1999
Trinity Mills Distribution Center	1	(d)		735		3,774		1,114		735		4,888		5,623		(2,907	)	1999
Valwood Business Center	5	(d)		4,679		19,195		1,762		4,679		20,957		25,636		(6,034	)	2001, 2006, 2014

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2016

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

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2016
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
Valwood Distribution Center	5	(d)		4,742		20,629		1,860		4,742		22,489		27,231		(5,039	)	1999, 2014
Valwood Industrial Center	2			1,802		9,658		958		1,802		10,616		12,418		(2,564	)	2011
Watersridge Distribution Center	1	(d)		1,939		11,365		103		1,939		11,468		13,407		(622	)	2015
Dallas/Fort Worth, Texas	116			183,380		770,172		212,797		186,469		979,880		1,166,349		(217,281	)
Denver, Colorado
Denver Business Center	3			3,142		13,396		830		3,142		14,226		17,368		(2,507	)	2012
Havana Distribution Center	1	(d)		1,421		5,657		330		1,421		5,987		7,408		(700	)	2014
Pagosa Distribution Center	1	(d)		398		2,322		1,993		398		4,315		4,713		(3,249	)	1993
Peoria Distribution Center	2	(d)		4,129		16,593		160		4,129		16,753		20,882		(1,392	)	2014
Stapleton Business Center North	2			8,930		-		32,664		7,230		34,364		41,594		(1,869	)	2014, 2015
Stapleton Business Center	12			34,634		139,257		12,215		34,635		151,471		186,106		(58,668	)	2005
Upland Distribution Center	6	(d)		4,064		19,035		6,180		4,077		25,202		29,279		(7,295	)	1994, 1995, 2014
Upland Distribution Center II	2	(d)		1,396		5,349		2,183		1,409		7,519		8,928		(3,465	)	1993, 2014
Denver, Colorado	29			58,114		201,609		56,555		56,441		259,837		316,278		(79,145	)
Houston, Texas
Avondale Distribution Center	1			2,231		5,044		451		2,231		5,495		7,726		(306	)	2015
Blalock Distribution Center	3	(d)		5,032		21,983		3,340		5,031		25,324		30,355		(6,747	)	2002, 2012
Cole Creek Distribution Center	1			3,865		22,534		298		3,865		22,832		26,697		(1,111	)	2015
IAH Cargo Center 1	1			-		13,267		546		-		13,813		13,813		(1,813	)	2012
Jersey Village Corporate Center	4	(d)		17,971		73,062		2,905		17,830		76,108		93,938		(9,957	)	2012, 2014
Kempwood Business Center	4			1,746		9,894		3,819		1,746		13,713		15,459		(7,878	)	2001
Northpark Distribution Center	12	(d)		15,015		37,139		36,813		15,015		73,952		88,967		(10,763	)	2006, 2008, 2012, 2013, 2014
Perimeter Distribution Center	2			676		4,604		1,131		745		5,666		6,411		(3,443	)	1999
Pine Forest Business Center	11	(d)		6,042		27,639		9,861		6,042		37,500		43,542		(18,792	)	1993, 1995, 2014
Pine North Distribution Center	2			847		4,800		2,067		847		6,867		7,714		(3,889	)	1999
Pinemont Distribution Center	2			642		3,636		1,153		642		4,789		5,431		(2,976	)	1999
Post Oak Business Center	11			2,334		11,655		10,351		2,334		22,006		24,340		(16,351	)	1993, 1994, 1996
Post Oak Distribution Center	5			1,522		8,758		6,560		1,522		15,318		16,840		(11,915	)	1993, 1994
Satsuma Station Distribution Center	1	(d)		3,088		22,389		190		3,088		22,579		25,667		(1,018	)	2015
South Loop Distribution Center	2			418		1,943		2,285		418		4,228		4,646		(3,106	)	1994
Sugarland Corporate Center	2			3,506		14,067		123		3,506		14,190		17,696		(1,173	)	2014
West by Northwest Industrial Center	9	(d)		11,316		46,372		4,386		11,456		50,618		62,074		(9,179	)	1993, 1994, 2012, 2014
White Street Distribution Center	1			469		2,656		2,544		469		5,200		5,669		(3,797	)	1995
Wingfoot Distribution Center	2			1,976		8,606		3,480		1,976		12,086		14,062		(2,229	)	2012, 2013
World Houston Distribution Center	1			1,529		6,326		91		1,529		6,417		7,946		(950	)	2012
Houston, Texas	77			80,225		346,374		92,394		80,292		438,701		518,993		(117,393	)
Indianapolis, Indiana
Airport Business Center	2	(d)		1,667		6,445		464		1,667		6,909		8,576		(577	)	2014
Airtech Park	1	(d)		7,305		29,001		467		7,305		29,468		36,773		(2,464	)	2014
Eastside Distribution Center	1			228		1,187		2,255		299		3,371		3,670		(2,188	)	1995
North by Northeast Corporate Center	1			1,058		-		9,302		1,059		9,301		10,360		(5,718	)	1995
North Plainfield Park Distribution Center	1	(d)		8,562		34,778		103		8,562		34,881		43,443		(2,925	)	2014
Park 100 Industrial Center	16	(d)		9,360		38,402		23,790		9,360		62,192		71,552		(27,240	)	1995, 2012
Park 267	1			3,705		15,695		948		3,705		16,643		20,348		(1,293	)	2014
Shadeland Industrial Center	3			428		2,431		3,459		429		5,889		6,318		(4,225	)	1995
Indianapolis, Indiana	26			32,313		127,939		40,788		32,386		168,654		201,040		(46,630	)
Jacksonville, Florida
JAX Cargo Center	1			-		2,892		176		-		3,068		3,068		(1,423	)	2011
Jacksonville, Florida	1			-		2,892		176		-		3,068		3,068		(1,423	)
Kansas City, Kansas
MCI Cargo Center 1	1			-		2,781		278		-		3,059		3,059		(2,026	)	2011
MCI Cargo Center 2	1			-		11,630		-		-		11,630		11,630		(3,975	)	2011
Kansas City, Kansas	2			-		14,411		278		-		14,689		14,689		(6,001	)
Las Vegas, Nevada
Arrowhead Commerce Center	15	(d)		30,075		82,214		2,599		30,075		84,813		114,888		(4,433	)	2015
Cameron Business Center	1			1,963		3,626		343		1,963		3,969		5,932		(206	)	2015
Las Vegas Corporate Center	6			23,118		51,157		1,846		13,656		62,465		76,121		(3,813	)	2014, 2015
Montessouri Distribution Center	1			1,039		2,967		15		1,039		2,982		4,021		(184	)	2015
North 15 Freeway Distribution Center	1			2,638		9,887		1,731		2,655		11,601		14,256		(67	)	2016
Pama Distribution Center	1	(d)		2,223		5,695		78		2,223		5,773		7,996		(292	)	2015
Sunrise Industrial Park	10			21,499		92,503		19,237		21,611		111,628		133,239		(13,142	)	2011, 2013, 2014, 2016
Valley View Distribution Center	1			2,420		258		8		2,420		266		2,686		(168	)	2015
Warm Springs Distribution Center	6	(d)		8,897		39,055		606		8,897		39,661		48,558		(2,104	)	2015

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2016

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

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2016
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
West One Business Center	4			2,468		13,985		5,614		2,468		19,599		22,067		(13,436	)	1996
Las Vegas, Nevada	46			96,340		301,347		32,077		87,007		342,757		429,764		(37,845	)
Louisville, Kentucky
Cedar Grove Distribution Center	5			20,697		105,257		4,238		20,696		109,496		130,192		(17,257	)	2005, 2008, 2012, 2015
Commerce Crossings Distribution Center	1			1,912		7,649		284		1,912		7,933		9,845		(3,018	)	2005
I-65 Meyer Distribution Center	3			9,557		32,334		25,882		9,864		57,909		67,773		(11,615	)	2006, 2012, 2015
New Cut Road Distribution Center	1			2,711		11,694		803		2,711		12,497		15,208		(2,436	)	2012
River Ridge Distribution Center	1			8,102		69,329		303		8,102		69,632		77,734		(3,044	)	2015
Louisville, Kentucky	11			42,979		226,263		31,510		43,285		257,467		300,752		(37,370	)
Memphis, Tennessee
Delp Distribution Center	3			1,068		10,546		1,036		1,068		11,582		12,650		(8,384	)	1995
DeSoto Distribution Center	3	(d)		7,225		4,136		35,967		6,778		40,550		47,328		(9,042	)	2007, 2014
Memphis Industrial Park	2			3,252		14,448		1,693		3,252		16,141		19,393		(3,114	)	2012
Olive Branch Distribution Center	1			6,719		31,134		443		6,719		31,577		38,296		(6,611	)	2012
Willow Lake Distribution Center	1			613		3,474		109		613		3,583		4,196		(2,313	)	1999
Memphis, Tennessee	10			18,877		63,738		39,248		18,430		103,433		121,863		(29,464	)
Nashville, Tennessee
CentrePointe Distribution Center	4	(d)		7,507		15,042		16,220		9,067		29,702		38,769		(1,801	)	2013, 2016
Elam Farms Park	1			2,097		8,386		1,928		2,097		10,314		12,411		(1,758	)	2013
I-40 Industrial Center	4			3,075		15,333		5,611		3,075		20,944		24,019		(9,101	)	1995, 1996, 1999, 2012
Interchange City Distribution Center	11	(d)		11,460		49,472		6,184		11,460		55,656		67,116		(8,538	)	1999, 2012, 2014
Nashville North Distribution Center	4	(d)		6,194		44,587		839		6,194		45,426		51,620		(2,479	)	2015
Southpark Distribution Center	4	(d)		11,834		47,335		1,583		11,834		48,918		60,752		(5,019	)	2013
Nashville, Tennessee	28			42,167		180,155		32,365		43,727		210,960		254,687		(28,696	)
New Jersey/New York
Brunswick Distribution Center	2			870		4,928		3,665		870		8,593		9,463		(5,681	)	1997
Carteret Distribution Center	3			39,148		109,124		892		39,148		110,016		149,164		(6,225	)	2015
CenterPoint Distribution Center	1			2,839		12,490		1,851		2,839		14,341		17,180		(3,314	)	2012
Clifton Distribution Center	1			8,064		12,096		2,555		8,064		14,651		22,715		(3,165	)	2010
Cranbury Business Park	8	(d)		43,056		91,129		4,561		43,056		95,690		138,746		(13,029	)	2012, 2014
Dellamor	7			6,710		35,478		2,669		6,710		38,147		44,857		(9,617	)	2011
Docks Corner SG (Phase II)	1			16,232		19,264		7,270		16,232		26,534		42,766		(9,747	)	2011
Edison Distribution Center	1			30,610		52,190		11,042		30,610		63,232		93,842		(1,789	)	2015
Elizabeth Seaport II	1			37,325		-		38,131		40,896		34,560		75,456		(49	)	2016
Exit 10 Distribution Center	7	(d)		35,289		147,492		12,715		35,289		160,207		195,496		(53,850	)	2005, 2015
Exit 7 Distribution Center	2	(d)		35,728		117,157		753		35,728		117,910		153,638		(5,139	)	2015
Exit 8A Distribution Center	2	(d)		21,164		85,257		4,876		21,164		90,133		111,297		(20,304	)	2005, 2014
Franklin Commerce Center	1			9,304		23,768		502		9,304		24,270		33,574		(4,090	)	2011
Gourmet Lane Distribution Center	1			13,099		23,539		1,167		13,099		24,706		37,805		(856	)	2015
Highway 17  55 Madis	1			2,937		13,477		1,115		2,937		14,592		17,529		(3,582	)	2011
Interstate Distribution Center	3	(d)		30,188		76,705		902		30,188		77,607		107,795		(3,682	)	2015
JFK Cargo Center 75_77	2			-		35,916		5,489		-		41,405		41,405		(19,902	)	2011
Kilmer Distribution Center	4	(d)		2,526		14,313		5,007		2,526		19,320		21,846		(12,851	)	1996
Liberty Log Center	1			3,273		24,029		372		3,273		24,401		27,674		(3,771	)	2011
Linden Industrial Center	1	(d)		17,332		24,264		1,397		17,332		25,661		42,993		(920	)	2015
Lister Distribution Center	1			16,855		21,802		1,422		16,855		23,224		40,079		(768	)	2015
Maspeth Distribution Center	1	(d)		23,784		10,849		278		23,784		11,127		34,911		(364	)	2015
Meadow Lane	1			1,036		6,388		27		1,036		6,415		7,451		(1,518	)	2011
Meadowland Distribution Center	6	(d)		26,379		83,224		7,428		26,379		90,652		117,031		(25,559	)	2005, 2015
Meadowland Industrial Center	7	(d)		4,190		13,469		20,655		4,190		34,124		38,314		(22,140	)	1996, 1998
Meadowlands ALFII	3			3,972		18,895		3,427		3,972		22,322		26,294		(4,846	)	2011
Meadowlands Park	8			6,898		41,471		1,998		6,898		43,469		50,367		(10,405	)	2011
Mooncreek Distribution Center	1			3,319		13,422		15		3,319		13,437		16,756		(3,429	)	2011
Murray Hill Parkway	2			2,907		12,040		525		2,907		12,565		15,472		(2,655	)	2011
Newark Airport I  and  II	2			19,045		21,936		901		19,045		22,837		41,882		(1,882	)	2011, 2015
Orchard Hill	1			678		3,756		20		678		3,776		4,454		(955	)	2011
Pennsauken Distribution Center	2			192		959		655		203		1,603		1,806		(958	)	1999
Perth Amboy Corporate Park	2	(d)		54,701		66,534		4,365		54,701		70,899		125,600		(2,554	)	2015
Port Reading Business Park	10	(d)		211,931		256,740		119,387		201,814		386,244		588,058		(27,772	)	2005, 2014, 2015
Ports Jersey City Distribution Center	1			34,133		-		61,057		34,504		60,686		95,190		(4,454	)	2014
Portview Commerce Center	3	(d)		9,577		21,581		19,134		9,798		40,494		50,292		(5,710	)	2011, 2012
Secaucus Distribution Center	2	(d)		9,603		-		26,905		9,603		26,905		36,508		(3,142	)	2012
Skyland Crossdock	1			-		9,831		1,308		-		11,139		11,139		(3,018	)	2011
South Jersey Distribution Center	1			6,912		17,437		216		6,912		17,653		24,565		(2,317	)	2013
Teterboro Meadowlands 15	2			18,169		34,604		226		18,169		34,830		52,999		(5,752	)	2011, 2015

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2016

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

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2016
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
Two South Middlesex	1			4,389		8,410		1,030		4,389		9,440		13,829		(2,408	)	2011
New Jersey/New York	108			814,364		1,585,964		377,910		808,421		1,969,817		2,778,238		(314,169	)
Orlando, Florida
Beltway Commerce Center	4			18,835		25,526		15,316		18,840		40,837		59,677		(7,093	)	2008, 2015
Chancellor Distribution Center	1			380		2,157		2,615		380		4,772		5,152		(3,391	)	1994
Chancellor Square	3			2,087		9,708		2,320		687		13,428		14,115		(2,928	)	2011
Consulate Distribution Center	5	(d)		6,105		31,550		3,419		6,105		34,969		41,074		(16,254	)	1999, 2014
Crowne Pointe Park	1			3,888		7,497		1,592		3,888		9,089		12,977		(434	)	2015
Davenport Distribution Center	1			934		3,991		102		934		4,093		5,027		(763	)	2012
Lake Mary Logistics Center	1			1,374		5,101		185		1,374		5,286		6,660		(277	)	2015
Orlando Airport Park	1			5,259		-		17,025		5,724		16,560		22,284		(104	)	2016
Orlando Central Park	1			1,398		5,977		416		1,398		6,393		7,791		(1,378	)	2012
Orlando Corporate Center	6	(d)		8,061		33,030		1,544		8,061		34,574		42,635		(3,061	)	2014
Presidents Drive	6			6,845		31,180		4,240		6,845		35,420		42,265		(8,892	)	2011
Sand Lake Service Center	6			3,704		19,546		4,035		3,704		23,581		27,285		(5,793	)	2011
Orlando, Florida	36			58,870		175,263		52,809		57,940		229,002		286,942		(50,368	)
Phoenix, Arizona
24th Street Industrial Center	2			503		2,852		2,042		561		4,836		5,397		(3,781	)	1994
Alameda Distribution Center	2			3,872		14,358		3,184		3,872		17,542		21,414		(6,945	)	2005
Brookridge Distribution Center	1	(d)		3,897		15,153		241		3,897		15,394		19,291		(1,357	)	2014
Hohokam 10 Business Center	1			1,317		7,468		1,581		1,318		9,048		10,366		(5,355	)	1999
Kyrene Commons Distribution Center	3			1,093		5,475		2,909		1,093		8,384		9,477		(5,550	)	1992, 1998, 1999
Papago Distribution Center	3			4,828		20,017		5,275		4,829		25,291		30,120		(11,790	)	1994, 2005
Phoenix Distribution Center	1			1,441		5,578		1,026		1,441		6,604		8,045		(978	)	2012
Sky Harbor Distribution Center	3			-		14,023		2,714		-		16,737		16,737		(336	)	2016
University Dr Distribution Center	1			683		2,735		825		683		3,560		4,243		(1,298	)	2005
Watkins Street Distribution Center	1			242		1,375		801		243		2,175		2,418		(1,496	)	1995
Wilson Drive Distribution Center	1			1,273		5,093		992		1,273		6,085		7,358		(2,499	)	2005
Phoenix, Arizona	19			19,149		94,127		21,590		19,210		115,656		134,866		(41,385	)
Portland, Oregon
Clackamas Distribution Center	5	(d)		8,828		28,192		590		8,828		28,782		37,610		(2,907	)	2012, 2014
PDX Cargo Center Airtrans	2			-		13,697		246		-		13,943		13,943		(4,284	)	2011
PDX Corporate Center East	4	(d)		7,126		21,303		352		7,126		21,655		28,781		(1,743	)	2014
PDX Corporate Center North Phase II	4	(d)(e)		10,293		25,461		2,155		10,293		27,616		37,909		(4,266	)	2008, 2014
Portland Northwest Corporate Park	10			13,666		40,999		1,068		13,666		42,067		55,733		(2,171	)	2015
Southshore Corporate Center	3	(d)		9,480		24,173		11,154		8,143		36,664		44,807		(6,029	)	2006, 2014, 2015
Portland, Oregon	28			49,393		153,825		15,565		48,056		170,727		218,783		(21,400	)
Reno, Nevada
Damonte Ranch Distribution Center	3	(d)		8,764		36,766		1,317		8,764		38,083		46,847		(6,238	)	2012, 2014
Golden Valley Distribution Center	1			940		13,686		4,237		2,415		16,448		18,863		(5,720	)	2005
Reno Aircenter	1			544		12,292		1,686		544		13,978		14,522		(571	)	2015
RNO Cargo Center 10_11	2			-		4,265		405		-		4,670		4,670		(1,658	)	2011
Sage Point Business Park	1			1,705		6,821		457		1,705		7,278		8,983		(368	)	2015
Stead Distribution Center	1	(d)		1,046		19,330		607		1,046		19,937		20,983		(931	)	2015
Tahoe-Reno Industrial Center	3	(d)		6,705		30,381		59,889		6,704		90,271		96,975		(8,571	)	2007, 2015
Vista Industrial Park	6	(d)		5,923		26,807		10,940		5,923		37,747		43,670		(20,665	)	1994, 2001
Reno, Nevada	18			25,627		150,348		79,538		27,101		228,412		255,513		(44,722	)
San Antonio, Texas
Coliseum Distribution Center	2	(d)		1,607		6,548		94		1,607		6,642		8,249		(565	)	2014
Cornerstone Distribution Center	1			2,173		-		14,823		2,386		14,610		16,996		(191	)	2016
Director Drive Distribution Center	2			1,271		5,455		299		1,271		5,754		7,025		(1,268	)	2012
Downtown Distribution Center	1			579		2,347		-		579		2,347		2,926		(206	)	2014
Eisenhauer Distribution Center	5	(d)		5,042		21,383		1,592		5,042		22,975		28,017		(3,625	)	2012, 2014
Interchange East Distribution Center	1			1,496		6,535		234		1,496		6,769		8,265		(1,872	)	2012
Macro Distribution Center	4			2,535		12,395		4,887		2,535		17,282		19,817		(6,481	)	2002, 2014
Perrin Creek Corporate Center	10	(d)		9,770		40,193		1,526		9,770		41,719		51,489		(5,552	)	2012, 2014
Rittiman East Industrial Park	2			4,848		19,223		3,292		4,848		22,515		27,363		(8,173	)	2006
San Antonio Distribution Center II	3			885		-		7,893		885		7,893		8,778		(4,834	)	1994
San Antonio Distribution Center III	3	(d)		3,154		12,876		211		3,154		13,087		16,241		(1,526	)	2012, 2014
Tri-County Distribution Center	4	(d)		6,888		27,718		2,269		6,889		29,986		36,875		(5,729	)	2007, 2014
San Antonio, Texas	38			40,248		154,673		37,120		40,462		191,579		232,041		(40,022	)
San Francisco Bay Area, California
Acer Distribution Center	1	(d)		3,368		15,139		277		3,368		15,416		18,784		(3,777	)	2011
Alvarado Business Center	10			20,739		62,595		7,995		20,739		70,590		91,329		(27,825	)	2005

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2016

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

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2016
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
Bayshore Distribution Center	1			6,450		15,049		2,696		6,450		17,745		24,195		(4,679	)	2011
Bayside Corporate Center	7			4,365		-		23,031		4,365		23,031		27,396		(14,496	)	1995, 1996
Bayside Plaza I	12			5,212		18,008		9,688		5,216		27,692		32,908		(20,122	)	1993
Bayside Plaza II	2			634		-		3,931		634		3,931		4,565		(2,655	)	1994
Boyce Distribution Center	2			21,719		-		35,182		22,360		34,541		56,901		(447	)	2016
Brennan Distribution Center	1			1,912		7,553		125		1,912		7,678		9,590		(1,842	)	2011
Component Drive Industrial Portfolio	3			2,829		13,532		785		2,829		14,317		17,146		(3,489	)	2011
Cypress	1			1,065		5,103		252		1,065		5,355		6,420		(1,275	)	2011
Dado Distribution Center	1			2,194		11,079		283		2,194		11,362		13,556		(2,900	)	2011
Doolittle Distribution Center	1			2,843		18,849		1,672		2,843		20,521		23,364		(4,272	)	2011
Dowe Industrial Center	2	(d)		5,884		20,400		912		5,884		21,312		27,196		(5,320	)	2011
Dublin Industrial Portfolio	1			3,241		15,951		1,071		3,241		17,022		20,263		(3,393	)	2011
East Bay Doolittle	1			4,015		15,988		1,794		4,015		17,782		21,797		(4,765	)	2011
East Grand Airfreight	10			43,310		43,350		7,435		43,310		50,785		94,095		(5,017	)	2011, 2015, 2016
Edgewater Industrial Center	1			6,630		31,153		3,340		6,630		34,493		41,123		(8,615	)	2011
Eigenbrodt Way Distribution Center	1			393		2,228		694		393		2,922		3,315		(2,266	)	1993
Gateway Corporate Center	10			6,736		24,747		11,655		6,744		36,394		43,138		(26,840	)	1993
Hayward Commerce Center	4			1,933		10,955		3,961		1,933		14,916		16,849		(11,363	)	1993
Hayward Commerce Park	2			7,131		10,519		763		7,131		11,282		18,413		(1,321	)	2014
Hayward Distribution Center	2			831		5,510		3,554		1,038		8,857		9,895		(7,004	)	1993
Hayward Industrial Center	20			13,535		48,573		13,659		13,535		62,232		75,767		(28,586	)	1993, 2015
Junction Industrial Park	4			7,658		39,106		2,156		7,658		41,262		48,920		(8,288	)	2011
Laurelwood Drive	3			18,709		34,925		1,098		18,709		36,023		54,732		(4,197	)	2011, 2015
Lawrence SSF	1			2,189		7,498		299		2,189		7,797		9,986		(1,813	)	2011
Livermore Distribution Center	4			8,992		26,976		3,841		8,992		30,817		39,809		(12,003	)	2005
Martin-Scott Industrial Portfolio	2			3,546		9,717		498		3,546		10,215		13,761		(2,468	)	2011
Oakland Industrial Center	3			8,234		24,704		2,650		8,235		27,353		35,588		(10,629	)	2005
Overlook Distribution Center	1			1,573		8,915		2,576		1,573		11,491		13,064		(5,981	)	1999
Pacific Business Center	2			6,075		26,260		4,153		6,075		30,413		36,488		(7,034	)	2011
Pacific Commons Industrial Center	5			25,784		77,594		2,350		25,805		79,923		105,728		(30,853	)	2005
Pacific Industrial Center	6			21,675		65,083		5,055		21,675		70,138		91,813		(27,280	)	2005
San Francisco Industrial Park	4			35,017		15,007		81		35,017		15,088		50,105		(2,641	)	2015
San Leandro Distribution Center	9			28,264		44,507		5,680		28,265		50,186		78,451		(11,452	)	1993, 2015
Shoreline Business Center	8			4,328		16,101		7,029		4,328		23,130		27,458		(16,550	)	1993
South Bay Brokaw	3			4,014		23,296		1,819		4,014		25,115		29,129		(5,145	)	2011
South Bay Junction	2			3,662		21,120		1,891		3,662		23,011		26,673		(4,702	)	2011
South Bay Lundy	2			6,500		33,642		2,691		6,500		36,333		42,833		(7,830	)	2011
Spinnaker Business Center	12			7,043		25,220		13,120		7,043		38,340		45,383		(27,323	)	1993
Thornton Business Center	4			2,047		11,706		4,822		2,066		16,509		18,575		(11,978	)	1993
TriPoint Business Park	4			9,057		23,727		4,874		9,057		28,601		37,658		(5,468	)	2011
Utah Airfreight	1			10,657		42,842		2,806		10,657		45,648		56,305		(9,147	)	2011
Wiegman Road	1			2,285		12,531		1,255		2,285		13,786		16,071		(2,320	)	2011
Yosemite Drive	10			31,304		65,674		295		31,304		65,969		97,273		(4,245	)	2011, 2015
Zanker-Charcot Industrial Center	5			4,867		28,750		2,224		4,867		30,974		35,841		(6,192	)	2011
San Francisco Bay Area, California	192			420,449		1,081,182		208,018		421,351		1,288,298		1,709,649		(417,808	)
Savannah, Georgia
Morgan Business Center	1			2,161		14,680		1,260		2,161		15,940		18,101		(2,794	)	2011
Savannah, Georgia	1			2,161		14,680		1,260		2,161		15,940		18,101		(2,794	)
Seattle, Washington
Auburn Distribution Center	1			2,608		5,742		33		2,608		5,775		8,383		(233	)	2015
East Valley Warehouse	1	(d)(e)		10,472		57,825		1,012		10,472		58,837		69,309		(10,563	)	2011
Fife Distribution Center	1			3,245		-		13,811		3,588		13,468		17,056		(1,295	)	2013
Harvest Business Park	3			3,541		18,827		1,002		3,541		19,829		23,370		(3,998	)	2011
Interurban Distribution Center	1	(d)		7,233		13,958		78		7,233		14,036		21,269		(1,532	)	2015
Kent Centre Corporate Park	4			5,397		21,599		1,170		5,397		22,769		28,166		(4,519	)	2011
Kent Corporate Center	1			12,616		8,368		842		12,616		9,210		21,826		(539	)	2015
Kent-Northwest Corporate Park	18			71,768		139,886		3,069		71,768		142,955		214,723		(9,422	)	2015
Kingsport Industrial Park	7			16,605		48,942		3,139		16,800		51,886		68,686		(13,669	)	2011
Northwest Distribution Center	3			5,114		24,090		1,994		5,114		26,084		31,198		(5,403	)	2011
Occidental Distribution Center	1			1,770		1,960		471		1,770		2,431		4,201		(100	)	2015
Portside Distribution Center	5			111,175		71,376		2,274		112,575		72,250		184,825		(3,896	)	2015, 2016
ProLogis Park SeaTac	2	(d)		12,230		14,170		3,752		12,457		17,695		30,152		(4,423	)	2008
Puget Sound Airfreight	1			1,408		4,201		450		1,408		4,651		6,059		(943	)	2011
Renton Northwest Corporate Park	4			5,102		17,946		1,304		5,102		19,250		24,352		(4,479	)	2011
SEA Cargo Center North	1			-		10,279		63		-		10,342		10,342		(8,842	)	2011
Sumner Landing	1	(e)		10,332		32,545		894		10,332		33,439		43,771		(5,359	)	2011
Van Doren's Distribution Center	1	(d)		3,166		7,339		7		3,166		7,346		10,512		(590	)	2014
Seattle, Washington	56			283,782		499,053		35,365		285,947		532,253		818,200		(79,805	)

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2016

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

			Initial Cost to Prologis				Costs Capitalized			Gross Amounts at Which Carried at December 31, 2016
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 Florida
Airport West Distribution Center	2	(d)		1,253		3,825		4,116			1,974		7,220		9,194		(4,260	)	1995, 1998
Beacon Centre	18			37,998		196,004		15,561			37,998		211,565		249,563		(40,076	)	2011
Beacon Industrial Park	9	(d)		23,511		75,424		4,812			23,511		80,236		103,747		(14,551	)	2011, 2015
Beacon Lakes	5			32,911		24,691		39,333			32,658		64,277		96,935		(3,646	)	2012, 2014, 2015
Blue Lagoon Business Park	2	(d)		9,189		29,451		2,429			9,189		31,880		41,069		(6,369	)	2011
CenterPort Distribution Center	5	(d)		8,802		22,504		3,958			8,922		26,342		35,264		(10,623	)	1999, 2012
Commercial Logistics Center	1			7,938		11,083		632			7,938		11,715		19,653		(920	)	2015
Congress Distribution Center	1	(d)		2,266		5,639		381			2,266		6,020		8,286		(375	)	2015
Dolphin Distribution Center	1			2,716		7,364		858			2,716		8,222		10,938		(2,263	)	2011
Gateway Center	1	(d)		1,015		1,284		18			1,015		1,302		2,317		(91	)	2015
Hollywood Park Distribution Center	13			16,848		36,191		1,574			16,848		37,765		54,613		(2,597	)	2015
International Corporate Park	5			26,915		54,436		3,849			26,915		58,285		85,200		(6,376	)	2010, 2015
Lyons Technology Park	1	(d)		1,988		3,651		32			1,988		3,683		5,671		(245	)	2015
Magnolia Park Distribution Center	1	(d)		1,398		1,613		99			1,398		1,712		3,110		(108	)	2015
Marlin Distribution Center	1			1,844		6,603		449			1,844		7,052		8,896		(1,649	)	2011
Miami Airport Business Center	6			11,173		45,921		2,917			11,173		48,838		60,011		(10,456	)	2011
North Andrews Distribution Center	2	(d)		11,327		22,330		562			11,327		22,892		34,219		(3,963	)	1994, 2015
Pompano Beach Distribution Center	3			11,035		15,136		3,879			11,035		19,015		30,050		(4,090	)	2008
Pompano Center of Commerce	5			5,171		13,930		580			5,171		14,510		19,681		(2,669	)	2011
Port Lauderdale Distribution Center	9	(d)		40,927		73,128		11,407			42,235		83,227		125,462		(11,392	)	1997, 2012, 2014, 2015
Port Lucie West Distribution Center	2	(d)		1,131		1,412		56			1,131		1,468		2,599		(122	)	2015
ProLogis Park I-595	2	(d)		1,998		11,326		1,098			1,999		12,423		14,422		(5,889	)	2003
Prospect Park Distribution Center	3			4,859		11,041		205			4,859		11,246		16,105		(764	)	2015
Sawgrass International Park	1			5,163		11,476		641			5,163		12,117		17,280		(565	)	2015
Seneca Distribution Center	3			16,357		46,738		327			16,357		47,065		63,422		(2,230	)	2015
South Dade Commerce Center	1	(d)		1,791		147		22			1,791		169		1,960		(36	)	2015
Sunshine Park Distribution Center	1			2,822		4,857		35			2,822		4,892		7,714		(365	)	2015
Tarpon Distribution Center	1			1,847		6,451		337			1,847		6,788		8,635		(1,804	)	2011
South Florida	105			292,193		743,656		100,167			294,090		841,926		1,136,016		(138,494	)
Southern California
Activity Distribution Center	4			10,820		27,410		421			10,820		27,831		38,651		(1,510	)	2015
Anaheim Industrial Center	12			31,086		57,836		4,114			31,086		61,950		93,036		(23,552	)	2005
Anaheim Industrial Property	1			5,096		10,816		71			5,096		10,887		15,983		(2,151	)	2011
Arrow Industrial Park	2			4,840		8,120		1,112			4,840		9,232		14,072		(2,029	)	2012
Artesia Industrial Center	26	(d)		163,764		217,400		41,082			178,700		243,546		422,246		(38,492	)	2011, 2015
Bell Ranch Distribution Center	4			5,539		23,092		1,785			5,539		24,877		30,416		(5,635	)	2011
Brea Industrial Center	1			2,488		4,062		467			2,488		4,529		7,017		(888	)	2012
California Commerce Center	6	(d)		30,127		52,094		4,781			30,127		56,875		87,002		(7,914	)	2012, 2014, 2015
Carson Distribution Center	2	(d)		29,974		22,483		17,531			29,975		40,013		69,988		(3,568	)	2011, 2015
Carson Industrial Center	1			844		2,081		968			844		3,049		3,893		(747	)	2011
Carson Town Center	2			11,781		31,572		1,287			11,781		32,859		44,640		(5,899	)	2011
CAT - Kaiser Commerce Center	1	(e)		4,971		-		8,807			4,972		8,806		13,778		(328	)	2015
Cedarpointe Industrial Park	9	(d)		56,349		105,792		1,518			56,349		107,310		163,659		(7,316	)	2012, 2015
Chartwell Distribution Center	3			55,803		77,135		4,679			55,803		81,814		137,617		(6,953	)	2011, 2015
Chatsworth Distribution Center	2			11,713		17,569		121			11,713		17,690		29,403		(1,159	)	2015
Chino Industrial Center	4			850		1,274		8,338			9,178		1,284		10,462		(1,161	)	2012
Commerce Industrial Center	1			11,345		17,653		2,415			11,345		20,068		31,413		(3,274	)	2012
Crossroads Business Park	9	(d)		36,131		98,030		114,144			89,673		158,632		248,305		(44,682	)	2005, 2010, 2014
Del Amo Industrial Center	1			7,471		17,889		386			7,471		18,275		25,746		(4,291	)	2011
Dominguez North Industrial Center	6	(d)		20,662		34,382		4,723			20,688		39,079		59,767		(9,587	)	2007, 2012
Eaves Distribution Center	3			13,914		31,041		2,748			13,914		33,789		47,703		(8,308	)	2011
Foothill Business Center	3			5,254		8,096		322			5,254		8,418		13,672		(1,437	)	2012
Ford Distribution Center	11			44,128		108,125		3,837			44,128		111,962		156,090		(22,488	)	2011, 2015
Fordyce Distribution Center	1			6,110		19,485		910			6,110		20,395		26,505		(5,266	)	2011
Harris Business Center Alliance II	9			13,134		66,195		3,076			13,134		69,271		82,405		(14,258	)	2011
Haven Distribution Center	4	(d)		96,975		73,903		8,385			96,975		82,288		179,263		(18,460	)	2008
Huntington Beach Distribution Center	1			14,679		22,019		794			14,679		22,813		37,492		(981	)	2015
Industry Distribution Center	8	(e)		54,170		99,434		8,623			54,170		108,057		162,227		(40,067	)	2005, 2012
Inland Empire Distribution Center	6			43,320		84,006		8,410			44,100		91,636		135,736		(26,974	)	2005, 2012, 2015
Jack Northrup Distribution Center	1			4,280		9,820		53			4,280		9,873		14,153		(493	)	2015
Kaiser Distribution Center	8	(d)(e)		131,819		242,618		16,957			136,030		255,364		391,394		(92,994	)	2005, 2008
LAX Cargo Center	3			-		19,217		379			-		19,596		19,596		(7,520	)	2011
Los Angeles Industrial Center	2			3,777		7,015		378			3,777		7,393		11,170		(2,965	)	2005
Main St Distribution Center	1			13,058		20,370		853			13,058		21,223		34,281		(1,132	)	2015
Meridian Park	2			38,270		70,022		1,044			38,270		71,066		109,336		(9,381	)	2008, 2015
Mid Counties Industrial Center	18	(d)		55,436		96,453		16,685			55,437		113,137		168,574		(43,364	)	2005, 2006, 2010, 2012
Mill Street Distribution Center	1	(d)		1,825		4,306		(1	)		1,825		4,305		6,130		(363	)	2014
Mill Street Spec Distribution Center	1	(d)		15,691		36,550		188			15,691		36,738		52,429		(2,999	)	2014

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2016

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

				Initial Cost to Prologis				Costs Capitalized			Gross Amounts at Which Carried at December 31, 2016
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
Milliken Distribution Center	1				18,831		30,811		232			18,831		31,043		49,874		(5,888	)	2012
NDP - Los Angeles	5				14,855		41,115		3,529			14,855		44,644		59,499		(10,837	)	2011
Normandie Industrial Center	1				12,297		14,957		1,989			12,297		16,946		29,243		(4,317	)	2011
North County Distribution Center	4				75,581		101,342		10,236			75,581		111,578		187,159		(17,449	)	2011, 2012, 2015
Ontario Distribution Center	1				18,823		29,524		482			18,823		30,006		48,829		(5,341	)	2012
Orange Industrial Center	2				19,296		9,514		706			4,157		25,359		29,516		(3,172	)	2005, 2016
Pacific Business Center	5				20,810		32,169		3,170			20,810		35,339		56,149		(6,205	)	2012
Pomona Distribution Center	1		(d)		22,361		27,898		205			22,361		28,103		50,464		(2,519	)	2015
ProLogis Park Ontario	2		(d)		25,499		47,366		1,283			25,499		48,649		74,148		(15,843	)	2007
Rancho Cucamonga Distribution Center	6		(d)(e)		58,710		113,273		5,079			58,711		118,351		177,062		(34,842	)	2005, 2015
Redlands Commerce Center	1		(d)		20,583		30,881		13			20,583		30,894		51,477		(2,552	)	2014
Redlands Distribution Center	12		(d)		156,478		120,920		200,028			154,454		322,972		477,426		(32,938	)	2006, 2007, 2012, 2013, 2014, 2015
Redondo Beach Distribution Center	1				7,455		11,223		72			7,455		11,295		18,750		(934	)	2015
Rialto Distribution Center	5		(d)		86,270		200,602		33,564			88,648		231,788		320,436		(30,989	)	2012, 2014, 2015
Riverbluff Distribution Center	1		(d)		42,964		-		33,014			42,964		33,014		75,978		(8,401	)	2009
Santa Ana Distribution Center	3				27,070		32,168		1,253			27,070		33,421		60,491		(4,699	)	2005, 2015
Santa Fe Distribution Center	1				12,163		9,927		84			12,163		10,011		22,174		(664	)	2015
Slover Distribution Center	4		(d)		40,335		45,492		386			40,335		45,878		86,213		(2,319	)	2015
South Bay Distribution Center	4		(d)		14,478		27,511		6,608			15,280		33,317		48,597		(12,633	)	2005, 2007
South Bay Transport	1				15,928		23,891		106			15,928		23,997		39,925		(630	)	2015
Starboard Distribution Center	1				18,763		53,824		386			18,763		54,210		72,973		(10,725	)	2011
Terra Francesco	1				11,196		-		15,673			11,196		15,673		26,869		(582	)	2012
Torrance Distribution Center	1				25,730		40,414		1,134			25,730		41,548		67,278		(7,211	)	2012
Transpark Inland Empire Distribution Center	1				28,936		42,167		578			28,936		42,745		71,681		(3,339	)	2014
Van Nuys Airport Industrial Center	4				23,455		39,916		2,860			23,455		42,776		66,231		(8,225	)	2011
Vernon Distribution Center	14				23,998		44,529		4,788			24,000		49,315		73,315		(19,476	)	2005
Vernon Industrial Center	2				3,626		3,319		692			4,121		3,516		7,637		(2,993	)	2011
Vista Distribution Center	1				4,150		6,225		3,933			4,150		10,158		14,308		(3,274	)	2012
Walnut Drive	1				2,665		7,397		218			2,665		7,615		10,280		(1,544	)	2011
Watson Industrial Center AFdII	1				6,944		11,193		398			6,944		11,591		18,535		(2,345	)	2011
Wilmington Avenue Warehouse	2				11,172		34,723		2,952			11,172		37,675		48,847		(7,616	)	2011
Workman Mill Distribution Center	1				32,467		56,672		768			32,470		57,437		89,907		(2,505	)	2015
Southern California	271				1,961,383		3,136,328		628,810			2,029,727		3,696,794		5,726,521		(743,593	)
Tampa, Florida
Corporate Center Tampa	6				4,458		19,166		(429	)		4,458		18,737		23,195		(1,143	)	2015
Tampa, Florida	6				4,458		19,166		(429	)		4,458		18,737		23,195		(1,143	)
Subtotal United States:		1,699			5,620,515		13,772,631		3,182,003			5,710,671		16,864,478		22,575,149		(3,521,641	)
Canada:
Toronto
Airport Road Distribution Center	1		(d)		22,447		63,150		2,165			23,461		64,301		87,762		(10,661	)	2011
Annagem Distribution Center	1				3,028		10,357		763			3,164		10,984		14,148		(1,870	)	2011
Annagem Distribution Center II	1				1,705		4,368		1,238			1,782		5,529		7,311		(945	)	2011
Bolton Distribution Center	1		(d)		6,861		-		21,418			7,171		21,108		28,279		(3,943	)	2009
Keele Distribution Center	1				1,066		4,279		515			1,115		4,745		5,860		(1,214	)	2011
Meadowvale Distribution Center	2		(d)		31,136		-		47,244			31,718		46,662		78,380		(2,118	)	2014
Millcreek Distribution Center	2				7,427		28,251		850			7,762		28,766		36,528		(4,873	)	2011
Milton 401 Business Park	1				5,794		18,982		3,080			6,055		21,801		27,856		(4,627	)	2011
Milton 402 Business Park	3		(d)		11,960		32,582		8,882			12,262		41,162		53,424		(4,193	)	2011, 2014, 2016
Milton Crossings Business Park	2				16,922		41,190		4,588			17,686		45,014		62,700		(7,437	)	2011
Mississauga Gateway Center	7		(d)		51,330		118,855		532			51,673		119,044		170,717		(9,989	)	2008, 2014, 2016
Pearson Logistics Center	2		(d)		10,796		38,698		1,526			11,283		39,737		51,020		(6,650	)	2011
Tapscott Distribution Center	1				4,571		-		6,302			3,368		7,505		10,873		(241	)	2015
Toronto	25				175,043		360,712		99,103			178,500		456,358		634,858		(58,761	)
Subtotal Canada:	25				175,043		360,712		99,103			178,500		456,358		634,858		(58,761	)
Mexico:
Guadalajara
Parque Opcion	1				730		2,287		1,362			730		3,649		4,379		(802	)	2011
Guadalajara	1				730		2,287		1,362			730		3,649		4,379		(802	)

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2016

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

			Initial Cost to Prologis				Costs Capitalized			Gross Amounts at Which Carried at December 31, 2016
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
Reynosa
El Puente Industrial Center	1			989		-		12,916			1,767		12,138		13,905		(314	)	2015
Reynosa	1			989		-		12,916			1,767		12,138		13,905		(314	)
Subtotal Mexico:	2			1,719		2,287		14,278			2,497		15,787		18,284		(1,116	)
Subtotal North American Markets:	1726			5,797,277		14,135,630		3,295,384			5,891,668		17,336,623		23,228,291		(3,581,518	)
European Markets
Austria
Himberg Distribution Center	1			3,225		-		5,473			3,551		5,147		8,698		(786	)	2011
Austria	1			3,225		-		5,473			3,551		5,147		8,698		(786	)
Czech Republic
Prague Rudna Distribution Center	1			2,259		11,770		3,035			2,259		14,805		17,064		(825	)	2015
Uzice Distribution Center	1			2,345		-		15,313			2,345		15,313		17,658		(4,130	)	2007
Czech Republic	2			4,604		11,770		18,348			4,604		30,118		34,722		(4,955	)
France
Bonneuil Distribution Center	1			-		-		11,840			-		11,840		11,840		(1,293	)	2012
Le Havre Distribution Center	1			620		-		7,439			620		7,439		8,059		(178	)	2016
LGR Genevill. 1 SAS	1			1,942		2,107		718			1,942		2,825		4,767		(442	)	2011
LGR Genevill. 2 SAS	1			1,493		3,095		44			1,493		3,139		4,632		(477	)	2011
Moissy II Distribution Center	2			9,562		3,555		21,878			10,250		24,745		34,995		(2,425	)	2014, 2016
Port of Rouen	1			-		13,440		170			-		13,610		13,610		(2,791	)	2011
France	7			13,617		22,197		42,089			14,305		63,598		77,903		(7,606	)
Germany
Hausbruch Industrial Center 4-B	1			7,201		4,684		222			7,201		4,906		12,107		(2,096	)	2011
Hausbruch Industrial Center 5-650	1			2,592		400		292			2,592		692		3,284		(210	)	2011
Kolleda Distribution Center	1			223		3,450		(276	)		223		3,174		3,397		(605	)	2008
Lauenau Distribution Center	1			2,417		5,380		304			2,417		5,684		8,101		(1,120	)	2011
Meerane Distribution Center	1			22,214		-		71,263			25,970		67,507		93,477		(983	)	2016
Germany	5			34,647		13,914		71,805			38,403		81,963		120,366		(5,014	)
Hungary
Hegyeshalom Distribution Center	1			245		-		2,969			-		3,214		3,214		-		2015
Hungary	1			245		-		2,969			-		3,214		3,214		-
Italy
Arena Po Distribution Center	2			7,185		19,447		605			7,185		20,052		27,237		(5,360	)	2011
Castel San Giovanni Distribution Center	1			2,986		9,117		321			2,986		9,438		12,424		(1,885	)	2011
Siziano Logistics Park	1			9,538		17,290		1,198			9,538		18,488		28,026		(3,255	)	2011
Italy	4			19,709		45,854		2,124			19,709		47,978		67,687		(10,500	)
Poland
Nadarzyn Distribution Center	1			2,180		-		6,905			2,180		6,905		9,085		(1,486	)	2009
Piotrkow II Distribution Center	1			1,418		-		4,864			1,396		4,886		6,282		(1,170	)	2009
Sochaczew Distribution Center	2			116		10,242		2,214			750		11,822		12,572		(2,874	)	2008
Szczecin Distribution Center	2			925		-		13,163			928		13,160		14,088		(218	)	2014, 2015
Poland	6			4,639		10,242		27,146			5,254		36,773		42,027		(5,748	)
Slovakia
Sered Distribution Center	1			2,105		-		11,559			2,105		11,559		13,664		(2,233	)	2009
Slovakia	1			2,105		-		11,559			2,105		11,559		13,664		(2,233	)
Spain
Baraja MAD Logistics Center	4			-		34,100		1,040			-		35,140		35,140		(7,935	)	2011
Spain	4			-		34,100		1,040			-		35,140		35,140		(7,935	)
Sweden
Orebro Distribution Center	1			8,738		19,104		2,230			8,738		21,334		30,072		(6,267	)	2011
Sweden	1			8,738		19,104		2,230			8,738		21,334		30,072		(6,267	)

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2016

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

				Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2016
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
Grange Park	1				13,258		-		14,900		14,331		13,827		28,158		(519	)	2015
Midpoint Park	2				17,843		9,526		24,621		23,011		28,979		51,990		(2,253	)	2008, 2015
United Kingdom	3				31,101		9,526		39,521		37,342		42,806		80,148		(2,772	)
Subtotal European Markets:	35				122,630		166,707		224,304		134,011		379,630		513,641		(53,816	)
Asian Markets
China
Dalian Industrial Park Distribution Center	1				2,239		12,828		30		2,052		13,045		15,097		(2,043	)	2011
Fengxian Logistics Center	3				-		12,149		991		-		13,140		13,140		(5,073	)	2011
Jiaxing Distribution Center	4				10,104		9,795		15,058		8,555		26,402		34,957		(2,715	)	2011, 2013
Tianjin Bonded Logistics Park	2				1,380		8,367		25		1,257		8,515		9,772		(1,515	)	2011
ProLogis Park Narita III	10				13,723		43,139		16,104		11,864		61,102		72,966		(11,346	)
Singapore
Airport Logistics Center 3	1				-		23,553		201		-		23,754		23,754		(5,890	)	2011
Changi South Distribution Center 1	1				-		38,384		104		-		38,488		38,488		(8,773	)	2011
Changi-North Distribution Center 1	1				-		14,276		140		-		14,416		14,416		(3,158	)	2011
Singapore Airport Logistics Center 2	1				-		34,105		194		-		34,299		34,299		(8,547	)	2011
Tuas Distribution Center	1				-		17,324		278		-		17,602		17,602		(6,431	)	2011
Singapore	5				-		127,642		917		-		128,559		128,559		(32,799	)
Subtotal Asian Markets:	15				13,723		170,781		17,021		11,864		189,661		201,525		(44,145	)
Total Industrial Operating Properties		1,776			5,933,630		14,473,118		3,536,709		6,037,543		17,905,914		23,943,457		(3,679,479	)
Development Portfolio
North American Markets
United States
Atlanta, Georgia
Park I-75 South	1				9,868		-		28,881		9,868		28,881		38,749
Atlanta, Georgia	1				9,868		-		28,881		9,868		28,881		38,749
Central Valley, California
International Park of Commerce	1				3,048		-		2		3,048		2		3,050
Patterson Pass Business Center	2				2,922		-		11,360		2,922		11,360		14,282
Central Valley, California	3				5,970		-		11,362		5,970		11,362		17,332
Chicago, Illinois
Glendale Heights Distribution Center	1				153		-		9,825		153		9,825		9,978				2016
Woodridge Distribution Center	1				1,424		-		3,725		1,424		3,725		5,149				2016
Chicago, Illinois	2				1,577		-		13,550		1,577		13,550		15,127
Dallas/Fort Worth, Texas
Park 121 Distribution Center	2				8,546		-		5,874		8,546		5,874		14,420
Dallas/Fort Worth, Texas	2				8,546		-		5,874		8,546		5,874		14,420
Denver, Colorado
Stapleton Business Center North	1				2,403		-		14,430		2,403		14,430		16,833				2016
Denver, Colorado	1				2,403		-		14,430		2,403		14,430		16,833
Houston, Texas
Greens Parkway Distribution Center	1				1,246		-		14,477		1,246		14,477		15,723				2016
Houston, Texas	1				1,246		-		14,477		1,246		14,477		15,723
Las Vegas, Nevada
Ann Rd-N Sloan LN Distribution Center	1				3,609		-		19,749		3,609		19,749		23,358
Las Vegas Beltway Distribution Center	1				7,321		-		7,443		7,321		7,443		14,764				2016
Las Vegas Corporate Center	2				3,936		-		1,003		3,936		1,003		4,939
North 15 Freeway Distribution Center	1				2,734		-		10,114		2,734		10,114		12,848				2016
Sunrise Industrial Park	1				5,348		-		8,011		5,348		8,011		13,359
Las Vegas, Nevada	6				22,948		-		46,320		22,948		46,320		69,268

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2016

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

			Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2016
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
Memphis, Tennessee
DeSoto Distribution Center	1			4,140		-		21,382		4,140		21,382		25,522
Memphis, Tennessee	1			4,140		-		21,382		4,140		21,382		25,522
New Jersey
Elizabeth Seaport	1			15,732		-		3,145		15,732		3,145		18,877
Tri-Port Distribution Center	1			34,102		-		-		34,102		-		34,102
New Jersey	2			49,834		-		3,145		49,834		3,145		52,979
Phoenix, Arizona
Riverside Distribution Center	1			1,075		-		274		1,075		274		1,349
Phoenix, Arizona	1			1,075		-		274		1,075		274		1,349
San Antonio, Texas
Southport Distribution Center	1			1,599		-		20,594		1,599		20,594		22,193
San Antonio, Texas	1			1,599		-		20,594		1,599		20,594		22,193
San Francisco Bay Area, California
Hayward Industrial Center	1			11,287		-		14,693		11,287		14,693		25,980		2016
Oakland Logistics Park	1			815		-		4,327		815		4,327		5,142
San Francisco Bay Area, California	2			12,102		-		19,020		12,102		19,020		31,122
Seattle, Washington
Park Tacoma Distribution Center	2			2,528		-		681		2,528		681		3,209
Seattle, Washington	2			2,528		-		681		2,528		681		3,209
South Florida
Beacon Lakes	3			11,833		-		8,112		11,833		8,112		19,945
South Florida	3			11,833		-		8,112		11,833		8,112		19,945
Southern California
Agua Mansa	3			15,511		-		1,250		15,511		1,250		16,761
Meridan Park	1			17,021		-		6,951		17,021		6,951		23,972
Redlands Distribution Center	2			18,136		-		5,474		18,136		5,474		23,610
Southern California	6			50,668		-		13,675		50,668		13,675		64,343
Subtotal United States:	34			186,337		-		221,777		186,337		221,777		408,114
Canada
Milton 402 Business Park	2			7,792				20,390		7,792		20,390		28,182		2016
Tapscott Distribution Center	2			7,875		-		15,631		7,875		15,631		23,506		2016
Canada	4			15,667		-		36,021		15,667		36,021		51,688
Mexico
Agua Fria Industrial Park	1			4,912		-		10,941		4,912		10,941		15,853
Arrayanes Industrial Park	1			4,738		-		6,744		4,738		6,744		11,482
Los Altos Industrial Park	1			3,726		-		5,712		3,726		5,712		9,438		2016
San Jose Distribution Center	3			24,303		-		19,060		24,303		19,060		43,363		2016
Toluca Distribution Center	1			3,174		-		4,485		3,174		4,485		7,659		2016
Mexico	7			40,853		-		46,942		40,853		46,942		87,795
Subtotal North American Markets:	45			242,857		-		304,740		242,857		304,740		547,597
European Markets
Czech Republic
Prague Airport Distribution Center	1			1,858		-		1,444		1,858		1,444		3,302
Prague Rudna Distribution Center	1			6,540		-		8,971		6,540		8,971		15,511		2016
Czech Republic	2			8,398		-		10,415		8,398		10,415		18,813
France
Isle d'Abeau Distribution Center	1			7,492		-		7,348		7,492		7,348		14,840		2016
Le Havre Distribution Center	2			868		-		25,104		868		25,104		25,972		2016
Moissy II Distribution Center	1			2,459		-		2,131		2,459		2,131		4,590
France	4			10,819		-		34,583		10,819		34,583		45,402
Germany
Bremen Distribution Center	1			1,275		-		5,198		1,275		5,198		6,473
Hamm Distribution Center 1	1			4,699		-		-		4,699		-		4,699
Krefeld Park	1			1,372		-		3,378		1,372		3,378		4,750
Germany	3			7,346		-		8,576		7,346		8,576		15,922

PROLOGIS, INC. AND PROLOGIS, L.P.

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2016

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

				Initial Cost to Prologis				Costs Capitalized		Gross Amounts at Which Carried at December 31, 2016
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
Budapest-Sziget Distribution Center	3				4,250		-		9,381		4,250		9,381		13,631				2016
Hungary	3				4,250		-		9,381		4,250		9,381		13,631
Italy
Bologna Distribution Center	1				2,291		-		961		2,291		961		3,252
Italy	1				2,291		-		961		2,291		961		3,252
Netherlands
Nieuwegein Distribution Center	1				6,551		-		7,766		6,551		7,766		14,317
Venlo Distribution Center	1				13,125		-		13,297		13,125		13,297		26,422
Netherlands	2				19,676		-		21,063		19,676		21,063		40,739
Poland
Chorzow Distribution Center	1				3,684		-		7,096		3,684		7,096		10,780				2016
Piotrkow II Distribution Center	1				2,252		-		9,880		2,252		9,880		12,132
Strykow	2				4,646		-		6,789		4,646		6,789		11,435
Szczecin Distribution Center	1				329		-		2,666		329		2,666		2,995
Poland	5				10,911		-		26,431		10,911		26,431		37,342
Slovakia
Galanta Distribution Center	1				5,296		-		2,569		5,296		2,569		7,865
ProLogis Park Nove Mesto	1				2,473		-		5,941		2,473		5,941		8,414
Slovakia	2				7,769		-		8,510		7,769		8,510		16,279
Spain
Massalaves Distribution Center	1				4,809		-		303		4,809		303		5,112
San Fernando Distribution Center	1				6,350		-		28		6,350		28		6,378
Spain	2				11,159		-		331		11,159		331		11,490
Sweden
Gothenburg Distribution Center	2				13,142		-		14,638		13,142		14,638		27,780
Sweden	2				13,142		-		14,638		13,142		14,638		27,780
United Kingdom
Birmingham International Gateway Distribution Center	4				13,835		-		9,616		13,835		9,616		23,451				2016
Daventry Phase II Distribution Center	1				5,524		-		602		5,524		602		6,126
Dirft Distribution Center	1				3,945		-		123		3,945		123		4,068
Marston Gate Distribution Center	2				13,735		-		9,714		13,735		9,714		23,449
North Kettering Business Park	1				2,367		-		32		2,367		32		2,399
Stockly Park Distribution Center	2				24,153		-		16,910		24,153		16,910		41,063				2016
United Kingdom	11				63,559		-		36,997		63,559		36,997		100,556
Subtotal European Markets:	37				159,320		-		171,886		159,320		171,886		331,206
Asian Markets
Japan
Chiba New Town Distribution Center	1				31,406		-		124,053		31,406		124,053		155,459
Higashi Matsuyama Distribution Center	1				13,402		-		7,841		13,402		7,841		21,243
Ibaraki Distribution Center	1				43,515		-		178,641		43,515		178,641		222,156				2016
Koga Distribution Center	2				8,257		-		12,090		8,257		12,090		20,347
Narashino IV Distribution Center	1				19,424		-		66,114		19,424		66,114		85,538				2016
Shiohama Distribution Center	1				35,058		-		13,478		35,058		13,478		48,536
Japan	7				151,062		-		402,217		151,062		402,217		553,279
Subtotal Asian Markets:	7				151,062		-		402,217		151,062		402,217		553,279
Total Development Portfolio	89				553,239		-		878,843		553,239		878,843		1,432,082
GRAND TOTAL		1,865			6,486,869		14,473,118		4,415,552		6,590,782		18,784,757		25,375,539		(3,679,479	)

Schedule III – Footnotes

(a) The following table reconciles real estate assets per Schedule III to the Consolidated Balance Sheet in Item 8. Financial Statements and Supplementary Data at December 31, 2016 (in thousands):

Total per Schedule III	$	25,375,539
Land		1,218,904
Other real estate investments		524,887
Total per consolidated balance sheet	$	27,119,330	(f)

(b) The aggregate cost for federal tax purposes at December 31, 2016, of our real estate assets was approximately $16.1 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. Financial Statements and Supplementary Data at December 31, 2016 (in thousands):

Total accumulated depreciation per Schedule III	$	3,679,479
Accumulated depreciation on other real estate investments		78,893
Total per consolidated balance sheet	$	3,758,372

(d) Properties with an aggregate undepreciated cost of $5.2 billion secure $2.7 billion of mortgage notes. See Note 9 to the Consolidated Financial Statements in Item 8. Financial Statements and Supplementary Data for more information related to our secured mortgage debt.

(e) Assessment bonds of $14.5 million are secured by assessments (similar to property taxes) on various underlying real estate properties with an aggregate undepreciated cost of $737.4 million. See Note 9 to the Consolidated Financial Statements in Item 8. Financial Statements and Supplementary Data 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):

	2016			2015			2014
Real estate assets:
Balance at beginning of year	$	25,608,648		$	20,109,432		$	18,822,081
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		1,883,888			7,191,335			3,595,836
Basis of operating properties disposed of		(1,359,186	)		(1,719,632	)		(2,713,300	)
Change in the development portfolio balance, including the acquisition      of properties		(440,821	)		398,923			452,963
Assets transferred to held-for-sale		(316,990	)		(371,410	)		(48,148	)
Balance at end year	$	25,375,539		$	25,608,648		$	20,109,432
Accumulated depreciation:
Balance at beginning of year	$	3,207,855		$	2,748,835		$	2,540,267
Depreciation expense		668,686			617,258			490,298
Balances retired upon disposition of operating properties and net effect      of changes in foreign exchange rates and other		(195,895	)		(153,621	)		(277,516	)
Assets transferred to held-for-sale		(1,167	)		(4,617	)		(4,214	)
Balance at end of year	$	3,679,479		$	3,207,855		$	2,748,835