DJIA51828.62 478.64
S&P 5007743.41 39.28
NASDAQ27068.72 129.34
Russell 20002837.55 1.98
German DAX25408.64 142.11
FTSE 10010695.25 15.26
CAC 408077.80 -3.63
EuroStoxx 506298.15 25.20
Nikkei 22565877.62 -486.58
Hang Seng24510.09 -251.04
Shanghai Comp3888.37 -48.15
KOSPI6889.74 -191.18
Bloomberg Comm IDX144.32 -1.62
WTI Crude-fut100.49 3.02
Brent Crude-fut94.75 2.31
Natural Gas3.14 -0.12
Gasoline-fut3.24 0.05
Gold-fut4180.90 -139.60
Silver-fut61.60 -3.11
Platinum-fut1749.90 -50.90
Palladium-fut1230.00 -47.50
Copper-fut6.64 -0.14
Aluminum-spot3195.00 0.00
Coffee-fut283.40 5.30
Soybeans-fut1294.25 -25.75
Wheat-fut696.50 -7.50
Bitcoin83352.48 -765.04
Ethereum USD2682.77 -10.50
Litecoin72.15 -1.02
Dogecoin0.09 0.00
EUR/USD1.1401 0.0031
USD/JPY157.17 -1.66
GBP/USD1.3258 0.0033
USD/CHF0.8279 -0.0001
USD IDX101.12 0.08
US 10-Yr TR5.223 0.042
GER 10-Yr TR3.6293 0.0061
UK 10-Yr TR5.3977 0.032
JAP 10-Yr TR3.089 0.001
Fed Funds4 0
SOFR3.9 0.02
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Alternative Assets  + Real Estate  |  August 29, 2023
Prologis Earmarks Over $500M to US/EU Funds
Joe Palmisano
By: Joe Palmisano

Prologis Earmarks Over $500M to US/EU Funds

Prologis announced an additional commitment of $500 million to two new funds. The logistics real estate firm allocated €250 million ($271 million) to Prologis European Logistics Fund (PELF) and $250 million to Prologis US Logistics Fund (USLF).

The capital will be used to further invest in high-quality industrial assets, according to the firm.

“Industrial real estate continues to be an attractive place for capital investment, especially USLF and PELF’s well-located and high-quality portfolios,” said Karsten Kallevig, managing director, Global Strategic Capital at Prologis. “These vehicles have proven to have exceptional performance across market cycles. Now that external valuations have caught up with the market, we view this as a good time to invest.”

PELF and USLF operate in high-growth markets globally, with properties in major centers of commerce. PELF has a portfolio that spans over 161 million square feet and the USLF portfolio spans over 123 million square feet, both as of the end of June.

Meanwhile, the firm cleared all redemption requests as of June 30 for the two funds.

Connect

Inside The Story

Prologis

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints