Logistic Properties of the Americas (LPA) develops, owns, and manages Class A logistics and industrial warehouses across Latin America, serving multinational consumer goods companies, third-party logistics providers, and retailers that use LPA's facilities for warehousing and last-mile distribution. LPA operates in Costa Rica, Peru, Colombia, and Mexico (entered 2025), with a portfolio of 34 properties totaling roughly 5.8M sq ft at 100% stabilized occupancy as of year-end 2025. LPA manages its properties internally and participates across the full real estate value chain — from land acquisition and development through stabilized asset management. LPA generates revenue primarily by collecting rent on long-term leases, typically 5–10 years, with annual inflation-linked rent adjustments and about 80% of rental revenue denominated in U.S. dollars. Tenants generally cover their own fit-out costs, which raises switching costs and supports high retention. LPA targets pre-leased development (about 84% of assets under development were pre-leased at year-end 2025), uses fixed-price construction contracts to manage cost risk, and targets mid-to-high-teens equity returns on wholly owned projects. The company holds land reserves in Colombia and Peru for future development, and recently entered Mexico through a partnership with local developer Alas, focusing on domestic consumption-driven submarkets. LPA argues it is the only regional, cross-border provider of institutional-quality logistics real estate serving Costa Rica, Colombia, Peru, and Mexico simultaneously.