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Prologis names Letter to new capital deployment role

Prologis names Letter to new capital deployment role
Executive to assume more CIO-type responsibilities, freeing current CIO to focus more on managerial functions
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A Prologis facility in Coventry, United Kingdom (Photo: Prologis)
Logistics real estate titan Prologis Inc. (NYSE:PLD) said Thursday that it has named Dan Letter to the newly created post of global head of capital deployment, a move that reflects the growing complexity of the company’s business and its unconventional organizational reporting style.
Letter, who assumed the role on Jan. 1, takes on a large part of Prologis’ chief investment officer’s responsibilities. Letter will report to Eugene F. Reilly, the company’s current CIO. Reilly and Letter will continue to collaborate on investment projects. However, Reilly will devote more of his time to supervising all of the company’s regional presidents across a 19-country network. Unlike most companies where the re ....

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Prologis Announces $25.0 Billion in Investment Activity for 2020

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Includes acquisitions and dispositions of other real estate investments
Despite the disruption and uncertainty of this past year, investment activity across our global platform continued unabated, reflecting the strong demand for high-quality logistics real estate in the best locations around the world, said Hamid R. Moghadam, chairman and CEO, Prologis. Our portfolio and development-ready land bank near large population centers continue to be a competitive advantage for our customers.
Prologis has created a new senior role to bolster its growing global capital deployment efforts, naming long-time Prologis employee Dan Letter as global head of Capital Deployment effective January 1, 2021. Letter reports to Prologis chief investment officer Eugene F. Reilly. ....

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