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Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Detail)
$ in Thousands, ft² in Millions
3 Months Ended
Mar. 31, 2019
USD ($)
ft²
Property
Venture
Mar. 31, 2018
USD ($)
Dec. 31, 2018
USD ($)
ft²
Property
Venture
Schedule Of Equity Method Investments [Line Items]      
Our earnings from unconsolidated co-investment ventures, net $ 56,666 $ 62,656  
Unconsolidated Co-Investment Ventures [Member]      
Schedule Of Equity Method Investments [Line Items]      
Ventures | Venture 8   8
Number of buildings | Property 1,591   1,569
Square feet | ft² 350   340
Total assets $ 30,901,000   $ 29,557,000
Third-party debt 8,693,000   8,148,000
Total liabilities 10,627,000   9,833,000
Our investment balance [1] 5,272,000   $ 5,408,000
Total revenues 637,000 617,000  
Net earnings 171,000 162,000  
Our earnings from unconsolidated co-investment ventures, net $ 53,000 55,000  
Unconsolidated Co-Investment Ventures [Member] | U.S. [Member]      
Schedule Of Equity Method Investments [Line Items]      
Ventures | Venture 1   1
Number of buildings | Property 566   566
Square feet | ft² 91   91
Total assets $ 7,376,000   $ 7,303,000
Third-party debt 2,090,000   2,094,000
Total liabilities 2,411,000   2,350,000
Our investment balance [1] 1,441,000   $ 1,457,000
Total revenues 179,000 168,000  
Net earnings 29,000 13,000  
Our earnings from unconsolidated co-investment ventures, net $ 9,000 5,000  
Unconsolidated Co-Investment Ventures [Member] | Other Americas [Member]      
Schedule Of Equity Method Investments [Line Items]      
Ventures | Venture 2 [2]   2
Number of buildings | Property 215 [2]   209
Square feet | ft² 45 [2]   39
Total assets $ 2,791,000 [2]   $ 2,137,000
Third-party debt 775,000 [2]   838,000
Total liabilities 816,000 [2]   862,000
Our investment balance [1] 669,000 [2]   $ 554,000
Total revenues 67,000 53,000  
Net earnings 34,000 14,000  
Our earnings from unconsolidated co-investment ventures, net $ 13,000 6,000  
Unconsolidated Co-Investment Ventures [Member] | Europe [Member]      
Schedule Of Equity Method Investments [Line Items]      
Ventures | Venture 3   3
Number of buildings | Property 679   669
Square feet | ft² 161   159
Total assets $ 13,615,000   $ 13,028,000
Third-party debt 2,993,000   2,548,000
Total liabilities 4,226,000   3,615,000
Our investment balance [1] 2,574,000   $ 2,784,000
Total revenues 271,000 288,000  
Net earnings 71,000 93,000  
Our earnings from unconsolidated co-investment ventures, net $ 25,000 37,000  
Unconsolidated Co-Investment Ventures [Member] | Asia [Member]      
Schedule Of Equity Method Investments [Line Items]      
Ventures | Venture 2   2
Number of buildings | Property 131   125
Square feet | ft² 53   51
Total assets $ 7,119,000   $ 7,089,000
Third-party debt 2,835,000   2,668,000
Total liabilities 3,174,000   3,006,000
Our investment balance [1] 588,000   $ 613,000
Total revenues 120,000 108,000  
Net earnings 37,000 42,000  
Our earnings from unconsolidated co-investment ventures, net $ 6,000 $ 7,000  
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member]      
Schedule Of Equity Method Investments [Line Items]      
Our weighted average ownership [3],[4] 27.00%   28.30%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | U.S. [Member]      
Schedule Of Equity Method Investments [Line Items]      
Our weighted average ownership [3],[4] 27.20%   27.40%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Other Americas [Member]      
Schedule Of Equity Method Investments [Line Items]      
Our weighted average ownership [3],[4] 38.50% [2]   44.40%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Europe [Member]      
Schedule Of Equity Method Investments [Line Items]      
Our weighted average ownership [3],[4] 30.60%   33.20%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Asia [Member]      
Schedule Of Equity Method Investments [Line Items]      
Our weighted average ownership [3],[4] 15.10%   15.10%
[1] Prologis’ investment balance is presented at our adjusted basis derived from the ventures’ U.S. GAAP information. The difference between our ownership interest of a venture’s equity and our investment balance at March 31, 2019 and December 31, 2018, results principally from four types of transactions: (i) deferred gains from the contribution of property to a venture prior to January 1, 2018 ($627.4 million and $635.9 million, respectively); (ii) recording additional costs associated with our investment in the venture ($88.4 million and $94.4 million, respectively); (iii) receivables, principally for fees and promotes ($100.9 million and $166.7 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc. ($122.0 million for both periods).
[2] PBLV and our other Brazilian joint ventures are combined and accounted for as one venture for the purpose of this table.
[3] In February 2019, we redeemed a portion of our investment in Prologis European Logistics Fund (“PELF”) for €278.2 million ($313.3 million). At March 31, 2019 our ownership in PELF was 24.3%.
[4] Represents our weighted average ownership interest in all unconsolidated co-investment ventures based on each entity’s contribution of total assets, before depreciation, net of other liabilities.