Liberty Property Trust

Liberty Property Trust, prior to its acquisition by Prologis, L.P. in February 2020, was a prominent player in the commercial real estate sector, focusing on the development, acquisition, ownership, and management of logistics, warehouse, manufacturing, and research and development facilities in key markets across the United States and the United Kingdom. The company maintained an extensive operating portfolio of approximately 112 million square feet, catering to around 1,200 tenants. Primarily, its assets included industrial facilities such as distribution warehouses and light-manufacturing spaces, along with office buildings located mainly in suburban areas and office parks. Liberty's revenue was predominantly generated through rental income from its diverse tenant base, with a significant concentration of its operations in Central and Southeast Pennsylvania. Founded in 1972 and headquartered near Philadelphia, Liberty aimed to enhance the work environment for its tenants through high-quality property offerings.