SAN
FRANCISCO, Aug. 19, 2024 /PRNewswire/ -- Prologis,
Inc. (NYSE:PLD), the global leader in logistics real estate, today
announced that Ted Eliopoulos is
joining the company as managing director, Strategic Capital. A
seasoned and respected investment management executive, Eliopoulos
will help Prologis continue to grow its private investment
business, bringing years of experience and deep expertise.
Eliopoulos will work closely with Karsten
Kallevig, global head of Strategic Capital. Both leaders
will report to Dan Letter, Prologis' global president.
"Ted brings a tremendous amount of experience and unique insight
to this new role," said Hamid R.
Moghadam, chief executive officer and co-founder of
Prologis. "Our Strategic Capital business is a significant part of
our growth trajectory, and we look forward to tapping into his
expertise to help us meet our ambitious goals."
Most recently, Eliopoulos was managing director and senior
advisor of Calvert Research and Management, having previously
served as Calvert's CEO and president. Previously, Eliopoulos
served as the vice chairman & head of Strategic Partnerships at
Morgan Stanley Investment Management (MSIM) from 2019-2022.
"The majority of my professional career has centered around real
assets and I'm thrilled to focus all of my attention on the global
leader in logistics real estate," said Eliopoulos. "Prologis offers
unique advantages in the marketplace. The growth potential into the
future is tremendous as we continue to deepen existing
relationships and forge new global partnerships."
Prior to joining Morgan Stanley, Eliopoulos served as the chief
investment officer of the California Public Employees' Retirement
System (CalPERS) from 2014 - 2018. Before becoming CIO, from 2007 -
2014, he was CalPERS' Senior Investment Officer of Real Estate and
then Real Assets. From 2002 to 2006, he served as the chief deputy
treasurer and deputy treasurer at the California State Treasurer's
Office.
Eliopoulos' past and current board affiliations include the U.S.
Real Estate Roundtable and the Pensions Real Estate Association
(Board Chair 2012-2014), and the Sustainability Accounting
Standard's Board's Investor Advisory Group, as well as the Alliance
for Southern California Innovation Advisory Council. Eliopoulos
currently serves on the Board of the Robert Toigo Foundation and
the Pacific Pension Institute.
Eliopoulos received his bachelor's degree, magna cum laude, with
honors from Dartmouth College and holds
a juris doctor degree from the University of
Virginia.
About Prologis Strategic Capital
Prologis' Strategic Capital business is an integral line of
business for the company, with $87.8
billion* in assets under management. The company's Strategic
Capital business consistently demonstrates strong and sustained
revenue growth.
Prologis Strategic Capital offers institutional investors a
unique opportunity to invest with the company. Benefitting from the
scale and scope of the Prologis platform, each of the company's ten
funds focus on delivering industry-leading, risk-adjusted returns
along with a superior investor experience. Prologis' investment
vehicles have specific geographic and risk profiles, targeting
logistics real estate in high-consumption and high-barrier-to-entry
markets.
Prologis is a material investor in all its Strategic Capital
funds, with co-investment levels ranging from 15 percent to 55
percent. As a general partner, the company provides investors
security through its durable A-rated balance sheet, best-in-class
global portfolio and customer-centric focus.
* Data as of March 31,
2024. AUM is the fair value of real estate properties and
development projects in the Strategic Capital business and includes
our estimate of the gross value of real estate that could be
acquired using existing equity commitments from Prologis and our
partners assuming target leverage levels are used. Assets Under
Management: Representing 41% of Prologis' total AUM.
ABOUT PROLOGIS
Prologis, Inc. is the global leader in logistics real estate
with a focus on high-barrier, high-growth markets. At June 30, 2024, the company owned or had
investments in, on a wholly owned basis or through co-investment
ventures, properties and development projects expected to total
approximately 1.2 billion square feet (115 million square meters)
in 19 countries. Prologis leases modern logistics facilities to a
diverse base of approximately 6,700 customers principally across
two major categories: business-to-business and retail/online
fulfillment.
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SOURCE Prologis, Inc.