Performance and Growth Track Record

Logistic Properties of the Americas is a fully-integrated, internally managed real estate company that develops, owns and manages a diversified portfolio of warehouse logistics assets in Central and South America.

We focus on modern Class A logistics real estate in high-growth and high barrier-to-entry markets that are undersupplied with low penetration rates. We are recognized as a leading institutional platform for industrial, development and logistics in Costa Rica, Colombia and Peru.

Our expertise lies in designing, developing, and leasing logistics assets strategically positioned to provide our tenants with “last mile” distribution capabilities that are critical to logistics infrastructure and are well located to leverage strong e-Commerce and “nearshoring” trends. Our properties cater to leading multinational clients primarily in consumer retail, e-commerce, consumer packaged goods, and business-to-business distribution sectors.

Certified by EDGE, a green building certification system sponsored by the IFC, a member of the World Bank Group, and administered by GBCI (Green Business Certification Inc.), our properties feature expansive floor capacity, natural light and sufficient height clearance levels. External features include shared truck maneuvering yards, optimized platforms and container parking. These modern specifications enable our tenants to drive operational efficiencies for timely delivery of their goods and implement highly advanced operational and logistics processes that enhance their ability to compete.

Strategically located in key trade and logistics corridors in the capitals of Costa Rica, Colombia and Peru, our portfolio targets dynamic industrial markets with the lowest vacancy rates across the Class A logistics segment in Central and South America. These markets are generally characterized by strong GDP growth, population growth, and monetary and fiscal policies that attract multinational and regional corporations. Our asset base is geographically diversified with our operating GLA located in Costa Rica, Colombia and Peru. This diversification mitigates economic, political and other risks and provides significant expansion opportunities in attractive geographies for our tenants.

Our Properties

Our properties are comprised of stabilized assets (defined as properties with GLA occupancy of approximately 90% in relation to the total GLA of such property or that have been completed for more than one year, whichever occurs first), in the development phase, and the land reserves we own or control.

Properties Under Development

We pursue attractive development projects on strategically advantageous land to support our expansion strategy. We target average yields-on-cost, which we define as Cash NOI to aggregate estimated investment, that are 200 to 300 basis points above estimates of where similar stabilized assets trade. From a Return-on-Equity (ROE) perspective, we target mid-to-high teens returns when we retain full ownership of the properties, and potentially higher returns when we partner through joint ventures. We typically use third-party developers under negotiated fixed price arrangements, enabling us to manage LPA’s return profile.

Our Tenants

We maintain long-standing relationships with a well-diversified tenant base of leading multinational and regional companies. With a focus on companies in a wide range of industries heavily engaged with e-Commerce activities and requiring specialized “last mile” distribution capabilities, our tenet base provides significant portfolio diversification.