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 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 México, Costa Rica, Perú and Colombia.
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 México, Costa Rica, Perú and Colombia, our portfolio targets dynamic industrial markets with the lowest vacancy rates across the Class A logistics segment in 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 México, Costa Rica, Perú and Colombia. 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.