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These gains don't cause pain. A capital gain is the amount of money you pocket by selling one of your investments for more than you paid for it. Technically, capital gains only count for what's called a capital asset, but that's really just anything you own for investment purposes. Stocks and bonds obviously qualify, but your house and household furnishings can also count.
For tax purposes, capital gains are classified as either long-term (held for more than one year) or short-term (held for less than one year) and there are different tax implications for how long you hold onto a capital asset. For most long-term capital gains, you're taxed no more than 15% of the value of the asset. Short-term gains get taxed as regular income, so you pay the rate for the tax bracket you're in.
Capital gains can also be realized or unrealized. When you physically sell an asset like a stock, you've realized the capital gain. When you're holding the stock, and it has a value over its purchase price, but you're not selling it, you've got an unrealized gain, and you won't realize it until you sell.
In a perfect world, we'd all have capital gains. But no one¿s that smart or lucky. When the value of an asset at sale is below what you've paid for it, it's called a capital loss. The good news is that the government lets you count that loss against any gains you've had, lowering the taxes you pay. In fact, many people who sell a stock that has risen far over their purchase price tend to sell some stinkers, too, at the same time for the tax benefit. This is known as a capital-loss offset.
Home / Markets / Industries / Finance
Wednesday, July 16, 2008
ProLogis Expands Industrial Platform in Japan
Comtex
NAGOYA, Japan, July 16, 2008 /PRNewswire-FirstCall via COMTEX/ ----ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, announced today that it will develop a new distribution center in Kitanagoya City, Aichi Prefecture, Japan.
ProLogis Parc Kitanagoya will be a four-story, multi-tenant facility totaling approximately 458,000 square feet (42,500 square meters). The distribution center will be located in the Komaki submarket in Nagoya, approximately five miles (eight kilometers) north of the Nagoya Central Business District. Construction will commence this summer and is expected to be completed mid-2009.
"Nagoya continues to play an important role in Japan's economy and serves as a major distribution hub for central Japan," said Mike Yamada, co-president for ProLogis in Japan. "With a population of seven million, the area is a prime location for manufacturers and shippers, especially with the opening of Centrair International Airport. We are excited about our recent activity in Nagoya and expect that this new facility will be a valued addition to our customers' supply chains in the region."
ProLogis Parc Kitanagoya will be ProLogis' fifth facility and third multi-tenant facility in the Nagoya market. It features excellent highway access, with its proximity to Route 22, Meishin Expressway, Ichinomiya I.C. and Higashi-Meihan Expressway via Kusunoki Junction. The facility is also a 20-minute walk from the Nishiharu Station, attracting a substantial workforce that travels via public transportation systems.
Also in the Nagoya market, ProLogis has leased approximately 260,000 square feet (24,000 square meters) to Nippon Express at ProLogis Parc Komaki, located approximately 3 miles (4.5 kilometers) from the new ProLogis Parc Kitanagoya.
In addition, ProLogis announced today its ProLogis Japan Properties Fund II has acquired a building totaling approximately 112,000 square feet (10,400 square meters) located in the Osaka market from a group company of Nippon Steel Corporation, for a total consideration of approximately $15.7 million (1.81 billion yen). The lease agreement includes a 20-year lease with Higashi Twenty One Co., Ltd., a major transportation company based in Osaka. The facility, to be called ProLogis Parc Sakai, is located in Sakai city, Osaka prefecture, with close access to Sanpo I.C. and Suminoe I.C. of the Hanshin Expressway.
ProLogis has established a $5.9 billion platform of industrial facilities in Japan since launching operations there in 2002. The company's portfolio of properties comprises 35.3 million square feet (3.3 million square meters) of industrial space owned, managed or under development as of March 31, 2008. Other major customers in Japan include DHL, Nippon Express, Matsushita Logistics, Askul, Sanyo Electric Logistics, Seiyu/Wal-Mart, Yamato Logistics, FedEx and Nikon.
About ProLogis
ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations in 121 markets across North America, Europe and Asia. The company has $38.8 billion of assets owned, managed and under development, comprising 526.3 million square feet (48.9 million square meters) in 2,817 properties as of March 31, 2008. ProLogis' customers include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. Headquartered in Denver, Colorado, ProLogis employs over 1,500 people worldwide. For additional information about the company, go to http://www.prologis.com.
SOURCE ProLogis
http://www.prologis.com
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Saturday, 07-12-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 05-22-2008 for PLD @ $61.18. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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