The World’s Largest Real Estate Owner Just Got Even BIGGER

Real Estate
Elon’s purchase / pull out of Twitter has been a saga for the ages. But while that deal works its way through the courts, another massive deal just finalized today as Prologis completed the ~ $26 billion purchase of rival Duke Realty.

Prologis, which already owns roughly 1 billion square feet worth of prime industrial real estate, adds another 150 million square feet with the purchase.


Prior to the public bid (and subsequent shareholder approval) Prologis had previously tried buying Duke Realty out of the public spotlight, including an offering price of $23.7 billion in May, only a few days from when Duke was at near all time highs.

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🙋‍♂️ Chad Griffiths, MBA, SIOR

#shorts #industrialrealestate


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