Logistic Properties of the Americas Dossier
Qualitative Analysis
Business overview
Logistic Properties of the Americas (NYSE American: LPA) is a leading developer, owner, acquirer, and manager of institutional-quality Class A industrial and logistics real estate in high-growth and high-barrier-to-entry markets in Latin America. The company operates an internally managed, vertically integrated platform with a portfolio of modern logistics facilities across Costa Rica, Colombia, Peru, and Mexico. LPA's properties cater to multinational and regional e-commerce retailers, third-party logistics (3PL) operators, business-to-business distributors, and retail supply-chain customers. As of March 31, 2026, its operating and development portfolio comprised 36 logistics facilities totaling approximately 580,118 square meters (6.2 million square feet) of gross leasable area (GLA).
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
LPA entered into a master forward purchase agreement to acquire a portfolio of Class A industrial properties in Tepeji del Río, State of Hidalgo, Mexico, developed by Fortem Capital. The assets form part of the Central Park 57 industrial and logistics park along Mexico's Federal Highway 57 corridor.
Expected impact: Will add approximately 2.1 million square feet of gross leasable area (GLA) upon completion, positioning LPA to capitalize on robust nearshoring, e-commerce, and 3PL demand in the greater Mexico City industrial market.
Divestment of 100% of Parque Logístico Lima Sur (PLS) to FIBRA Prime, a Peruvian REIT, while retaining operational management of the property to generate recurring fee income.
Expected impact: Generates $85 million in net proceeds after debt repayment to be redeployed into higher-growth Mexican assets, while maintaining tenant relationships and generating fee income in Peru.
Strategic partnership with EPICO, a Costa Rica-based investment platform, to raise and mobilize private capital for regional real estate investments in Central America.
Expected impact: Aims to accelerate private capital inflows to expedite the development and acquisition of state-of-the-art warehouses and distribution centers across high-growth corridors in Central America.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
High strategic importance as it validates LPA's book value of approximately $8.00 per share, provides $85 million in net proceeds for Mexican expansion, and establishes a fee-generating property management relationship.
Terms: FIBRA Prime acquires Parque Logístico Lima Sur for $145 million. LPA retains property operations for fee income.
High strategic importance for expanding LPA's footprint in Mexico's key logistics corridors through disciplined, sequential acquisitions of stabilized Class A assets.
Terms: Master forward purchase agreement valued at approximately $200 million to progressively acquire assets in Central Park 57.
Medium strategic importance to unlock private capital and accelerate logistics real estate developments in Central America.
Terms: Collaborative platform for raising and mobilizing private investment capital.