In fourth-quarter 2017, Prologis' share of building acquisitions amounted to $79 million, development stabilization aggregated $525 million, while development starts totaled $692 million. Furthermore, the company's total dispositions and contributions came in at $839 million. Liquidity Finally, the company exited the fourth quarter with cash and cash equivalents of $447.0 million compared with $568.7 million recorded at the end of the prior quarter. Moreover, Prologis and its co-investment ventures accomplished $1.9 billion of refinancing as well as redeemed $788 million of near-term bonds during the quarter.