Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. as joint book-running managers in connection with an offering by ProLogis consisting of 174,800,000 common shares of beneficial interest, which includes the exercise in full of the underwriters' overallotment option to purchase an additional 22,800,000 shares. ProLogis is the leading global provider of industrial distribution facilities. ProLogis succeeded in raising over $1.1 billion in what is considered to be the largest equity offering by any U.S. REIT.

The following Shearman & Sterling team advised the underwriters in the transaction: partners Michael Schiavone (New York-Capital Markets) and Laurence Crouch (Menlo Park-Tax); counsel John Berkery (New York-Capital Markets) and Jason Y. Pratt (New York-Property/Environmental); associates Corey Reis (New York-Capital Markets), Marwa Elborai (New York-Capital Markets), Ranbir Chowdhary (New York-Capital Markets) and Seth Kerschner (New York-Property/Environmental); and legal assistant Alfred Bobek (New York-Capital Markets).

For more information, please contact: Ron Brandsdorfer | New York | T +1.212.848.5081 |