SAN FRANCISCO, Nov. 19, 2015 /PRNewswire/ -- Prologis, Inc.
(NYSE: PLD), the global leader in industrial real estate, today
published new research on the trends now shaping commercial real
estate development in the United
States.
The latest paper from Prologis Research--"A New Supply Paradigm:
Five Trends Shaping Real Estate Development"--identifies five
factors that are leading to a more disciplined development cycle
compared to past cycles. These factors include:
- Consolidation and institutionalization: movement toward
larger-scale institutions as key players
- Greater aversion to and a measured appetite for risk: changing
attitudes by institutions--both on the equity side and the debt
side
- New lending constraints: expanded banking regulations and a
preference for relationship lending and institutional
borrowers
- Tighter talent pool: a shortage of real estate professionals
with relevant development expertise
- Better access to industry information: the ability to approach
opportunities and risks proactively and in real time
"The great recession laid the groundwork for more conservatism
on new commercial development in the U.S.," said Chris Caton, senior vice president, Prologis
Research. "Today, key players are more disciplined and are in a
better position to respond to shifting market dynamics."
ABOUT PROLOGIS
Prologis, Inc. is the global leader in industrial real estate.
As of September 30, 2015, Prologis
owned or had investments in, on a wholly owned basis or through
co-investment ventures, properties and development projects
expected to total approximately 671 million square feet (62 million
square meters) in 21 countries. The company leases modern
distribution facilities to more than 5,200 customers, including
third-party logistics providers, transportation companies,
retailers and manufacturers.
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.