SAN FRANCISCO, Jan. 8, 2020 /PRNewswire/ --Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced that it has completed the acquisition of the wholly owned real estate assets of Industrial Property Trust Inc. ("IPT") for approximately $4 billion in cash, including the assumption and repayment of debt. Under the terms of the merger agreement, Prologis acquired IPT through its two U.S. co-investment ventures, split evenly between USLF and USLV. The portfolio comprises 37.5 million square feet and 236 properties, 96 percent of which are in existing Prologis markets.