Prologis Pfd Sbi (PLDGP) - Description of business
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ProLogis, collectively with its consolidated subsidiaries, is a publicly held real estate investment trust ("REIT") that owns, operates and develops primarily industrial properties in North America, Europe and Asia. Company's current business strategy includes two reportable business segments: direct owned and investment management. The direct owned segment represents the direct long-term ownership of industrial and retail properties. The investment management segment represents the long-term investment management of property funds and other unconsolidated investees, and the properties they own.