2012 ANNUAL REPORT


ALIGNING
THE PORTFOLIO

ALIGN PORTFOLIO WITH INVESTMENT STRATEGY WHILE SERVING THE NEEDS OF OUR CUSTOMERS
$543M
IN ACQUISITIONS
VALUE ADDED ACQUISITIONS IN KEY STRATEGIC LOCATIONS TOTALING 8.6 MSF (798K SQM) IN 2012 FOR WHICH 47% WAS THE COMPANY'S SHARE

200M
BUILDABLE SQUARE FEET
VALUABLE LAND BANK TYPICALLY NEAR AIRPORTS, SEAPORTS, HIGHWAY INTERCHANGES AND RAILWAYS TO SERVE CUSTOMER DEMAND
$1.6B
IN DEVELOPMENT STARTS
MORE THAN 16.9 MSF (1.6 MSQM) OF CUSTOMER BUILD-TO-SUIT AND SPECULATIVE PROJECTS IN HIGH DEMAND GLOBAL AND REGIONAL MARKETS
Hamid R. Moghadam Chairman and
Chief Executive Officer
96%
IN GLOBAL AND REGIONAL MARKETS
GROWING ASSET ALLOCATION TO INFILL AREAS, WITH DENSE POPULATIONS AND REQUIREMENTS FOR RAPID MOVEMENT OF INVENTORY.
$2.1B
IN DISPOSITIONS
NON-STRATEGIC ASSET SALES OF THIRD-PARTY BUILDING AND LAND DISPOSITIONS TO RECYCLE CAPITAL TO FUND REAL ESTATE ACTIVITY, OF WHICH APROXIMATELY $1.6B WAS THE COMPANY'S SHARE