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 |
September 30, 2011
Prologis, Inc.
Pier 1, Bay 1
San Francisco, California 94111
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Re: |
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Status as a Real Estate Investment Trust;
Information in the Registration Statement
under United States Federal Income Tax
Considerations |
Ladies and Gentlemen:
In connection with the filing of a Combined Registration Statement on Form S-3 with the
Securities and Exchange Commission on September 30, 2011 (the Registration Statement), by
Prologis, Inc., a Maryland corporation (the Company), and Prologis, L.P., a limited
partnership organized under the laws of the State of Delaware, 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 Registration Statement under the heading United
States Federal Income Tax Considerations.
In formulating our opinions, we have reviewed and relied upon the Registration Statement, 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. 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. |
September 30, 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 Registration Statement 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 Registration Statement 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 Registration Statement. 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 Registration
Statement and to the use of the name of our firm in the Registration Statement. 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.
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Sincerely, |
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/s/ Mayer Brown LLP
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Mayer Brown LLP |
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