Prologis Agrees to Acquire KTR Portfolio for $5.9 Billion

April 19, 2015 9:18 PM

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Prologis Inc., the world’s largest owner of industrial real estate, agreed to acquire KTR Capital Partners for $5.9 billion to expand its presence in key U.S. markets.

The purchase will be made by Prologis U.S. Logistics Venture, a joint venture with Norges Bank Investment Management, the San Francisco-based company said on Sunday in a statement. The transaction includes the assumption of about $700 million in debt and the issuance of as much as $230 million of co...

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