![]() AMB launched its first private equity fund in 1989, which focused on industrial and retail properties. ![]() During the savings and loan crisis, the company avoided significant financial repercussions by investing in industrial parks and shopping centers, and began to exit the office market in 1987. Robert Burke in 1984 and established AMB Property Corporation, which invested in office, industrial and community shopping centers on behalf of large institutional investors. In 1983, Hamid Moghadam and Doug Abbey used a $50,000 line of credit to found Abbey, Moghadam and Company, an investment manager serving institutions. Prologis was formed in 2011 through the merger of AMB and ProLogis, both multinational real estate companies based in the United States. and other logistics tech equipment for purchase. Prologis began to expand its non-real estate business, Essentials, in 2022, offering customers solar power, racking systems, forklifts, generators, and EV charging infrastructure. According to The Economist, its business strategy is focused on warehouses that are located close to huge urban areas where land is scarce. As of December 2022, the company owned 5,495 buildings comprising about 1.2 billion square feet in 19 countries across North America, Latin America, Europe, and Asia. ![]() The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities.
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