Exhibit 8.1
Mayer Brown LLP
71 South Wacker Drive
Chicago, Illinois 60606-4637
Main Tel (312) 782-0600
Main Fax (312) 701-7711
www.mayerbrown.com
June 27, 2011
Prologis, Inc.
Pier 1, Bay 1
San Francisco, California 94111
Re: |
|
Status as a Real Estate Investment Trust;
Information in the Prospectus under United States
Federal Income Tax Considerations |
Ladies and Gentlemen:
In connection with the preparation of the prospectus dated June 22, 2011 and the prospectus
supplement dated June 23, 2011 (together, the Prospectus), forming a part of the
Registration Statement on Form S-3 (Registration No. 333-153379) filed with the Securities and
Exchange Commission on September 9, 2008 (the Registration Statement), by Prologis, Inc., a
Maryland corporation (the Company), you have requested our opinions concerning (i) the
qualification and taxation of the Company as a real estate investment trust (REIT), and
(ii) the information in the Prospectus under the heading United States Federal Income Tax
Considerations.
In formulating our opinions, we have reviewed and relied upon the Prospectus, such other
documents and information provided by you, and such applicable provisions of law as we have
considered necessary or desirable for purposes of the opinions expressed herein.
In addition, we have relied upon certain representations made by the Company relating to the
organization and actual and proposed operation of the Company and its relevant subsidiaries. For
purposes of our opinions, we have not made an independent investigation of the facts set forth in
such documents, representations from the Company or the Registration Statement and the Prospectus.
We have, consequently, relied upon your representations that the information presented in such
documents or otherwise furnished to us accurately and completely describes all material facts.
Our opinions expressed herein are based on the applicable laws of the State of Maryland, the
Internal Revenue Code of 1986, as amended (the Code), the Treasury regulations
promulgated thereunder, and the interpretations of the Code and such regulations by the courts and
the Internal Revenue Service, all as they are in effect and exist at the date of this letter. It
should be noted that statutes, regulations, judicial decisions, and administrative interpretations
are subject to change at any time and, in some circumstances, with retroactive effect. A material
change that is made after the date hereof in any of the foregoing bases for our opinions, could
adversely affect our conclusions.
Mayer Brown LLP operates in combination with our associated English limited liability partnership
and Hong Kong partnership (and its associated entities in Asia) and is associated with Tauil & Chequer Advogados, a Brazilian law partnership.
Mayer Brown llp
June 27, 2011
Page 2
Based upon and subject to the foregoing, it is our opinion that:
1. Beginning with the Companys taxable year ending December 31, 1997, the Company has been
organized in conformity with the requirements for qualification as a REIT under the Code, and the
Companys actual and proposed method of operation, as described in the Prospectus and as
represented by the Company, has enabled it and will continue to enable it to satisfy the
requirements for qualification as a REIT.
2. The information in the Prospectus under the heading United States Federal Income Tax
Considerations, to the extent that it constitutes matters of law or legal conclusions, has been
reviewed by us and is correct in all material respects.
Other than as expressly stated above, we express no opinion on any issue relating to the
Company or to any investment therein. This opinion letter is being furnished solely in connection
with the filing of the Prospectus. We disclaim any undertaking to advise you of any subsequent
changes of the facts stated or assumed herein or any subsequent changes in applicable law.
We hereby consent to the filing of this opinion letter as Exhibit 8.1 to the Current Report on
Form 8-K of the Company dated on or about the date hereof, to the incorporation by reference of
this opinion letter into the Registration Statement and to the use of the name of our firm in the
Prospectus. In giving this consent, we do not admit that we are experts within the meaning of
Section 11 of the Securities Act or within the category of persons whose consent is required under
Section 7 of the Securities Act.
Sincerely,
/s/ Mayer
Brown LLP
Mayer Brown LLP