SAN FRANCISCO, Jan. 20, 2015 /PRNewswire/ -- Prologis, Inc.
(NYSE: PLD), the global leader in industrial real estate, today
announced that David P. O'Connor has
been appointed to the company's board of directors, effective
January 20, 2015. O'Connor's
appointment will expand Prologis' board of directors to eleven
members, ten of whom are independent.
O'Connor is a private investor and a managing partner of High
Rise Capital Partners, LLC. He was the co-founder and senior
managing partner of High Rise Capital Management LP, a New York-based real estate securities hedge
fund manager. Previously, O'Connor was principal, co-portfolio
manager and investment committee member of European Investors,
Inc., a real estate investment advisory firm.
"I am delighted that David is joining our board," said Prologis
chairman and CEO Hamid R. Moghadam.
"He brings 25 years of extensive knowledge in real estate
investments and capital markets. I look forward to the insights and
experience he will bring to the Prologis board."
O'Connor is on the Boston College
Board of Trustees and serves on the investment committees of
endowments for Boston College and
Columbia University (Teachers College).
He also serves on the executive committee of the Zell/Lurie Real
Estate Center at the Wharton School of the University of Pennsylvania. He has been an adjunct
instructor of real estate at New York
University.
He also serves on the boards of Paramount Group, Inc., a
publicly traded real estate investment trust and office property
management company; Songbird Estates PLC, the publicly traded
majority owner of London's Canary
Wharf; and Regency Centers Corporation, a publicly traded real
estate investment trust that specializes in neighborhood shopping
centers.
ABOUT PROLOGIS
Prologis, Inc., is the global leader in industrial real estate.
As of September 30, 2014, Prologis
owned or had investments in, on a wholly owned basis or through
co-investment ventures, properties and development projects
expected to total approximately 585 million square feet (54 million
square meters) in 21 countries. The company leases modern
distribution facilities to more than 4,700 customers, including
manufacturers, retailers, transportation companies and third-party
logistics providers.
FORWARD-LOOKING STATEMENTS
The statements in this document that are not historical facts
are forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements are based on current expectations, estimates and
projections about the industry and markets in which Prologis
operates, management's beliefs and assumptions made by
management. Such statements involve uncertainties that could
significantly impact Prologis' financial results. Words such as
"expects," "anticipates," "intends," "plans," "believes," "seeks,"
"estimates," variations of such words and similar expressions are
intended to identify such forward-looking statements, which
generally are not historical in nature. All statements that
address operating performance, events or developments that we
expect or anticipate will occur in the future — including
statements relating to rent and occupancy growth, development
activity and changes in sales or contribution volume of properties,
disposition activity, general conditions in the geographic areas
where we operate, our debt and financial position, our ability to
form new co-investment ventures and the availability of capital in
existing or new co-investment ventures — are forward-looking
statements. These statements are not guarantees of future
performance and involve certain risks, uncertainties and
assumptions that are difficult to predict. Although we believe the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, we can give no assurance that our
expectations will be attained and therefore, actual outcomes and
results may differ materially from what is expressed or forecasted
in such forward-looking statements. Some of the factors that may
affect outcomes and results include, but are not limited to: (i)
national, international, regional and local economic climates, (ii)
changes in financial markets, interest rates and foreign currency
exchange rates, (iii) increased or unanticipated competition for
our properties, (iv) risks associated with acquisitions,
dispositions and development of properties, (v) maintenance of real
estate investment trust ("REIT") status and tax structuring, (vi)
availability of financing and capital, the levels of debt that we
maintain and our credit ratings, (vii) risks related to our
investments in our co-investment ventures and funds, including our
ability to establish new co-investment ventures and funds, (viii)
risks of doing business internationally, including currency risks,
(ix) environmental uncertainties, including risks of natural
disasters, and (x) those additional factors discussed in reports
filed with the Securities and Exchange Commission by Prologis under
the heading "Risk Factors." Prologis undertakes no duty to update
any forward-looking statements appearing in this document.
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SOURCE Prologis, Inc.