{"success":true,"data":{"pressRelease":{"id":"148934","rtpr_id":"nBwn2crYa-20260921","ticker":"LPA","exchange":"NYSE American","all_tickers":["LPA"],"title":"Logistic Properties of the Americas Advances Capital Reallocation Strategy with Costa Rica Asset Sale","author":"Business Wire","published_at":"2026-09-21T20:30:00.161Z","article_body":"Logistic Properties of the Americas Advances Capital Reallocation Strategy\nwith Costa Rica Asset Sale\n\nSale of stabilized, non-core property monetizes a mature asset, contributing\nadditional investment capital to fund LPA’s expansion into Mexico\n\nLogistic Properties of the Americas (NYSE American: LPA) (together with its\nsubsidiaries, \"LPA\" or the \"Company\") announced today the sale of Bodegas\nAurora, a stabilized, non-core logistics property in Heredia, Costa Rica, for\na gross purchase price of US$6.6 million. The transaction reflects LPA’s\nactive portfolio management approach of monetizing certain mature assets and\nredirecting the resulting capital toward higher-return opportunities,\nprimarily in Mexico.\n\nBodegas Aurora comprises approximately 103,440 square feet of net rentable\narea across two multi-tenant logistics buildings in Aurora, Heredia, one of\nCosta Rica’s established industrial submarkets. The property is leased to a\ndiverse base of tenants spanning the manufacturing, retail, consumer goods,\noffice and logistics sectors and currently generates approximately US$560,000\nof annual net operating income.\n\nLPA intends to redeploy most of the sale’s net proceeds into investment\nopportunities focused on growing the Company’s Mexico platform.\n\nEsteban Saldarriaga, Chief Executive Officer of LPA, said: “The sale of\nBodegas Aurora demonstrates the discipline with which we manage our regional\nproperty portfolio. Although the asset is stable and performs well, it is no\nlonger core to the unique cross-border platform that we are methodically\nexpanding. This latest divestment enables us to crystallize more of the value\nwe have created and put that capital to work in Mexico, where the opportunity\nset is broader and the growth runway is considerably longer.”\n\nLuis Carlos Conejo, Country Manager for Costa Rica, added: “Since acquiring\nBodegas Aurora in 2020, we have significantly increased its occupancy,\nstrengthened the tenant mix and stabilized the property’s cash flows. With\nthat work completed, now is the right moment to capture more value through\nactive asset management that also focuses our Costa Rica portfolio on assets\nthat are the strongest long-term strategic fit for LPA’s regional\nplatform.”\n\nThe sale of the Bodegas Aurora property is expected to follow the pending sale\nof Parque Logístico Lima Sur in Peru, further advancing LPA’s capital\nreallocation strategy: actively managing the Company’s property portfolio by\nrecycling capital resulting from the divestment of mature or non-core assets\nand directing it toward opportunities with stronger long-term growth profiles\nand higher return potential.\n\nThe all-cash transaction is structured as a direct asset transfer and remains\nsubject to confirmatory due diligence and customary closing conditions, with\nits closing expected in the fourth quarter of 2026.\n\nAbout Logistic Properties of the Americas\n\nLogistic Properties of the Americas is a leading developer, owner, and manager\nof institutional quality industrial and logistics real estate in high-growth\nand high-barrier-to-entry markets in Latin America. LPA’s customers are\nmultinational and regional e-commerce retailers, third-party logistic\noperators, business-to-business distributors, and retail distribution\ncompanies among others. LPA expects to continue growing through strong client\nrelationships, local market insight, as well as the acquisition and\ndevelopment of high-quality, strategically located facilities in its target\nmarkets. As of June 30, 2026, LPA’s operating and development portfolio\ncomprised 34 logistics facilities in Costa Rica, Colombia, Peru, and Mexico\ntotaling approximately 580,136 square meters (or approximately 6.2 million sq.\nft.) of gross leasable area. For more information visit\nhttps://ir.lpamericas.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Flc46xfhbb.cc.rs6.net%2Ftn.jsp%3Ff%3D001ehXfAw2cg55htqOIuZLLNdG5E-VqfaWS-8UYDOqA9LI_O6GgmNoc40tR8y1nsn00IkEREzxQoVMVj9SvkPZE-ugam8E-J-S9_NS4hC42FEZ-zojuXERQwLop2rJUIxqY0oowQG2EcusYH5JMycx8clcRqSsIVLmYZrkQoep79OvaXxs-xZqH127edFX823rf7tWxPVP1KQ7BZunCs4-UIw7qJMCvSp3Bro6g9-jW26ctLcHvlGGO87-r8sij4aTfKST85P04-nbgpV9xgD09HWDvSnW1y3iD1VREJuJilyV9infBzb5TjjWx7MfrM9ywA-69DdCqfHqiCx6hmlGBnwEFFVFPbE5MJDCoZ0iOKQA3SIzsTEvLLtKD6QfggnLsveKZBbSAyXf6At9Bzr_Ajc9e_YRcDvEtGM0OZ1MCTJoUQ00ASrFKS6y5BSEk5Ufb8Q5qul9U3_MzIdabvUwQng%3D%3D%26c%3D8Ns5xjcdZeyxAV3QeRLTQ0iIUFTJDXtp1tV1rAiqQrzfQW-lV_ieiw%3D%3D%26ch%3DjJKERjl_EtqcAvsqCtDeQ8V6nzF-YaR2BUpeUyCQCeMDKJhm4yJOcA%3D%3D&esheet=54607088&newsitemid=20260918465422&lan=en-US&anchor=https%3A%2F%2Fir.lpamericas.com&index=1&md5=8ee652f8999a1c2ad16e8b456e3440c8)\n.\n\nForward-Looking Statements\n\nThis press release contains certain forward-looking information, which may not\nbe included in future public filings or investor guidance. The inclusion of\nforward-looking information in this press release should not be construed as a\ncommitment by LPA to provide guidance on such information in the future.\nCertain statements in this press release may be considered forward-looking\nstatements within the meaning of the U.S. federal securities laws.\nForward-looking statements include, without limitation, statements about\nfuture events or LPA’s future financial or operating performance. These\nforward-looking statements regarding future events and the future results of\nLPA are based on current expectations, estimates, forecasts, and projections\nabout the industry in which LPA operates, as well as the beliefs and\nassumptions of LPA’s management. These forward-looking statements are only\npredictions and are subject to known and unknown risks, uncertainties,\nassumptions and other factors beyond LPA’s control that are difficult to\npredict because they relate to events and depend on circumstances that will\noccur in the future. They are neither statements of historical fact nor\npromises or guarantees of future performance. Therefore, LPA’s actual\nresults may differ materially and adversely from those expressed or implied in\nany forward-looking statements and LPA therefore caution against relying on\nany of these forward-looking statements.\n\nThese forward-looking statements are based upon estimates and assumptions\nthat, while considered reasonable by LPA and its management, are inherently\nuncertain and are inherently subject to risks variability and contingencies,\nmany of which are beyond LPA’s control. Factors that may cause actual\nresults to differ materially from current expectations include, but are not\nlimited to: (i) the possibility of any economic slowdown or downturn in real\nestate asset values or leasing activity or in the geographic markets where LPA\noperates; (ii) LPA’s ability to manage growth; (iii) LPA’s ability to\ncontinue to comply with applicable listing standards of NYSE American; (iv)\nchanges in applicable laws, regulations, political and economic developments;\n(v) the possibility that LPA may be adversely affected by other economic,\nbusiness and/or competitive factors; (vi) LPA’s estimates of expenses and\nprofitability; (vii) the outcome of any legal proceedings that may be\ninstituted against LPA and (viii) other risks and uncertainties set forth in\nthe filings by LPA with the U.S. Securities and Exchange Commission. There may\nbe additional risks that LPA does not presently know or that LPA currently\nbelieves are immaterial that could also cause actual results to differ from\nthose contained in the forward-looking statements. Any forward-looking\nstatements made by or on behalf of LPA speak only as of the date they are\nmade. Except as otherwise required by applicable law, LPA disclaims any\nobligation to publicly update or revise any forward-looking statements to\nreflect any changes in their respective expectations with regard thereto or\nany changes in events, conditions or circumstances on which any such statement\nis based. Accordingly, you should not place undue reliance on forward-looking\nstatements due to their inherent uncertainty.\n\nNothing within this press release should be regarded as a representation by\nany person that the forward-looking statements set forth herein will be\nachieved or that any of the contemplated results of such forward-looking\nstatements will be achieved. You should not place undue reliance on\nforward-looking statements, which speak only as of the date they are made.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260918465422/en/\n(https://www.businesswire.com/news/home/20260918465422/en/)\n\nInvestor Relations\n\n\n\nCamilo Ulloa \n\nLogistic Properties of the Americas\n\n+506 6293 9083\n\ncamilo@lpamericas.com \n(mailto:camilo@lpamericas.com) \n\n\nBarbara Cano / Ivan Peill\n\nInspIR Group\n\nbarbara@inspirgroup.com (mailto:barbara@inspirgroup.com) /\nivan@inspirgroup.com (mailto:ivan@inspirgroup.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwn2crYa-20260921","title":"Logistic Properties of the Americas Advances Capital Reallocation Strategy with Costa Rica Asset Sale","author":"Business Wire","ticker":"LPA","created":"2026-09-21T20:30:00.161Z","tickers":["LPA"],"exchange":"NYSE American","article_body":"Logistic Properties of the Americas Advances Capital Reallocation Strategy\nwith Costa Rica Asset Sale\n\nSale of stabilized, non-core property monetizes a mature asset, contributing\nadditional investment capital to fund LPA’s expansion into Mexico\n\nLogistic Properties of the Americas (NYSE American: LPA) (together with its\nsubsidiaries, \"LPA\" or the \"Company\") announced today the sale of Bodegas\nAurora, a stabilized, non-core logistics property in Heredia, Costa Rica, for\na gross purchase price of US$6.6 million. The transaction reflects LPA’s\nactive portfolio management approach of monetizing certain mature assets and\nredirecting the resulting capital toward higher-return opportunities,\nprimarily in Mexico.\n\nBodegas Aurora comprises approximately 103,440 square feet of net rentable\narea across two multi-tenant logistics buildings in Aurora, Heredia, one of\nCosta Rica’s established industrial submarkets. The property is leased to a\ndiverse base of tenants spanning the manufacturing, retail, consumer goods,\noffice and logistics sectors and currently generates approximately US$560,000\nof annual net operating income.\n\nLPA intends to redeploy most of the sale’s net proceeds into investment\nopportunities focused on growing the Company’s Mexico platform.\n\nEsteban Saldarriaga, Chief Executive Officer of LPA, said: “The sale of\nBodegas Aurora demonstrates the discipline with which we manage our regional\nproperty portfolio. Although the asset is stable and performs well, it is no\nlonger core to the unique cross-border platform that we are methodically\nexpanding. This latest divestment enables us to crystallize more of the value\nwe have created and put that capital to work in Mexico, where the opportunity\nset is broader and the growth runway is considerably longer.”\n\nLuis Carlos Conejo, Country Manager for Costa Rica, added: “Since acquiring\nBodegas Aurora in 2020, we have significantly increased its occupancy,\nstrengthened the tenant mix and stabilized the property’s cash flows. With\nthat work completed, now is the right moment to capture more value through\nactive asset management that also focuses our Costa Rica portfolio on assets\nthat are the strongest long-term strategic fit for LPA’s regional\nplatform.”\n\nThe sale of the Bodegas Aurora property is expected to follow the pending sale\nof Parque Logístico Lima Sur in Peru, further advancing LPA’s capital\nreallocation strategy: actively managing the Company’s property portfolio by\nrecycling capital resulting from the divestment of mature or non-core assets\nand directing it toward opportunities with stronger long-term growth profiles\nand higher return potential.\n\nThe all-cash transaction is structured as a direct asset transfer and remains\nsubject to confirmatory due diligence and customary closing conditions, with\nits closing expected in the fourth quarter of 2026.\n\nAbout Logistic Properties of the Americas\n\nLogistic Properties of the Americas is a leading developer, owner, and manager\nof institutional quality industrial and logistics real estate in high-growth\nand high-barrier-to-entry markets in Latin America. LPA’s customers are\nmultinational and regional e-commerce retailers, third-party logistic\noperators, business-to-business distributors, and retail distribution\ncompanies among others. LPA expects to continue growing through strong client\nrelationships, local market insight, as well as the acquisition and\ndevelopment of high-quality, strategically located facilities in its target\nmarkets. As of June 30, 2026, LPA’s operating and development portfolio\ncomprised 34 logistics facilities in Costa Rica, Colombia, Peru, and Mexico\ntotaling approximately 580,136 square meters (or approximately 6.2 million sq.\nft.) of gross leasable area. For more information visit\nhttps://ir.lpamericas.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Flc46xfhbb.cc.rs6.net%2Ftn.jsp%3Ff%3D001ehXfAw2cg55htqOIuZLLNdG5E-VqfaWS-8UYDOqA9LI_O6GgmNoc40tR8y1nsn00IkEREzxQoVMVj9SvkPZE-ugam8E-J-S9_NS4hC42FEZ-zojuXERQwLop2rJUIxqY0oowQG2EcusYH5JMycx8clcRqSsIVLmYZrkQoep79OvaXxs-xZqH127edFX823rf7tWxPVP1KQ7BZunCs4-UIw7qJMCvSp3Bro6g9-jW26ctLcHvlGGO87-r8sij4aTfKST85P04-nbgpV9xgD09HWDvSnW1y3iD1VREJuJilyV9infBzb5TjjWx7MfrM9ywA-69DdCqfHqiCx6hmlGBnwEFFVFPbE5MJDCoZ0iOKQA3SIzsTEvLLtKD6QfggnLsveKZBbSAyXf6At9Bzr_Ajc9e_YRcDvEtGM0OZ1MCTJoUQ00ASrFKS6y5BSEk5Ufb8Q5qul9U3_MzIdabvUwQng%3D%3D%26c%3D8Ns5xjcdZeyxAV3QeRLTQ0iIUFTJDXtp1tV1rAiqQrzfQW-lV_ieiw%3D%3D%26ch%3DjJKERjl_EtqcAvsqCtDeQ8V6nzF-YaR2BUpeUyCQCeMDKJhm4yJOcA%3D%3D&esheet=54607088&newsitemid=20260918465422&lan=en-US&anchor=https%3A%2F%2Fir.lpamericas.com&index=1&md5=8ee652f8999a1c2ad16e8b456e3440c8)\n.\n\nForward-Looking Statements\n\nThis press release contains certain forward-looking information, which may not\nbe included in future public filings or investor guidance. The inclusion of\nforward-looking information in this press release should not be construed as a\ncommitment by LPA to provide guidance on such information in the future.\nCertain statements in this press release may be considered forward-looking\nstatements within the meaning of the U.S. federal securities laws.\nForward-looking statements include, without limitation, statements about\nfuture events or LPA’s future financial or operating performance. These\nforward-looking statements regarding future events and the future results of\nLPA are based on current expectations, estimates, forecasts, and projections\nabout the industry in which LPA operates, as well as the beliefs and\nassumptions of LPA’s management. These forward-looking statements are only\npredictions and are subject to known and unknown risks, uncertainties,\nassumptions and other factors beyond LPA’s control that are difficult to\npredict because they relate to events and depend on circumstances that will\noccur in the future. They are neither statements of historical fact nor\npromises or guarantees of future performance. Therefore, LPA’s actual\nresults may differ materially and adversely from those expressed or implied in\nany forward-looking statements and LPA therefore caution against relying on\nany of these forward-looking statements.\n\nThese forward-looking statements are based upon estimates and assumptions\nthat, while considered reasonable by LPA and its management, are inherently\nuncertain and are inherently subject to risks variability and contingencies,\nmany of which are beyond LPA’s control. Factors that may cause actual\nresults to differ materially from current expectations include, but are not\nlimited to: (i) the possibility of any economic slowdown or downturn in real\nestate asset values or leasing activity or in the geographic markets where LPA\noperates; (ii) LPA’s ability to manage growth; (iii) LPA’s ability to\ncontinue to comply with applicable listing standards of NYSE American; (iv)\nchanges in applicable laws, regulations, political and economic developments;\n(v) the possibility that LPA may be adversely affected by other economic,\nbusiness and/or competitive factors; (vi) LPA’s estimates of expenses and\nprofitability; (vii) the outcome of any legal proceedings that may be\ninstituted against LPA and (viii) other risks and uncertainties set forth in\nthe filings by LPA with the U.S. Securities and Exchange Commission. There may\nbe additional risks that LPA does not presently know or that LPA currently\nbelieves are immaterial that could also cause actual results to differ from\nthose contained in the forward-looking statements. Any forward-looking\nstatements made by or on behalf of LPA speak only as of the date they are\nmade. Except as otherwise required by applicable law, LPA disclaims any\nobligation to publicly update or revise any forward-looking statements to\nreflect any changes in their respective expectations with regard thereto or\nany changes in events, conditions or circumstances on which any such statement\nis based. Accordingly, you should not place undue reliance on forward-looking\nstatements due to their inherent uncertainty.\n\nNothing within this press release should be regarded as a representation by\nany person that the forward-looking statements set forth herein will be\nachieved or that any of the contemplated results of such forward-looking\nstatements will be achieved. You should not place undue reliance on\nforward-looking statements, which speak only as of the date they are made.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260918465422/en/\n(https://www.businesswire.com/news/home/20260918465422/en/)\n\nInvestor Relations\n\n\n\nCamilo Ulloa \n\nLogistic Properties of the Americas\n\n+506 6293 9083\n\ncamilo@lpamericas.com \n(mailto:camilo@lpamericas.com) \n\n\nBarbara Cano / Ivan Peill\n\nInspIR Group\n\nbarbara@inspirgroup.com (mailto:barbara@inspirgroup.com) /\nivan@inspirgroup.com (mailto:ivan@inspirgroup.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-21T20:30:00.194687117Z","server_sent_at_ms":1790022600194},"received_at":"2026-09-21T20:30:00.443Z","source_url":"https://www.businesswire.com/news/home/20260918465422/en/"},"analysis":{"id":"137501","press_release_id":"148934","analysis_json":{"industry":{"label":"Industrial REITs","sector":"Real Estate"},"redFlags":["Sale remains subject to confirmatory due diligence and customary closing conditions, with closing not expected until Q4 2026"],"eventType":"m_and_a","narrative":"Logistic Properties of the Americas agreed to sell Bodegas Aurora, a stabilized non-core logistics property in Heredia, Costa Rica, for a gross price of US$6.6 million in an all-cash transaction expected to close in the fourth quarter of 2026.\n\nThe 103,440-square-foot, two-building multi-tenant asset generates roughly US$560,000 of annual net operating income, implying an ~8.5% yield on the sale price.\n\nMost net proceeds will be redeployed into LPA's Mexico expansion, following a pending sale of Parque Logístico Lima Sur in Peru under its capital-recycling strategy; the portfolio spanned 34 facilities and about 6.2 million square feet of gross leasable area as of June 30, 2026.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Small-cap LatAm logistics REIT recycles a stabilized Costa Rica asset at an ~8.5% implied cap rate to fund higher-return Mexico growth."},"keyFigures":{"dealValueUsd":6600000,"customDimensions":{"annual_noi_usd":560000,"expected_closing":"Q4 2026","implied_noi_yield":"~8.5% (derived: US$560,000 NOI / US$6.6M gross price)","net_rentable_sqft":103440,"portfolio_gla_sqft":6200000,"portfolio_facilities":34}},"quotedText":"This latest divestment enables us to crystallize more of the value we have created and put that capital to work in Mexico, where the opportunity set is broader and the growth runway is considerably longer.","namedEntities":{"people":[{"name":"Esteban Saldarriaga","role":"Chief Executive Officer of LPA"},{"name":"Luis Carlos Conejo","role":"Country Manager for Costa Rica"}],"products":["Bodegas Aurora","Parque Logístico Lima Sur"],"companies":[{"name":"Logistic Properties of the Americas","ticker":"LPA","relationship":"filer/issuer"},{"name":"InspIR Group","relationship":"investor relations agency"}],"dollarAmounts":[{"amount":"US$6.6 million","context":"gross purchase price for Bodegas Aurora"},{"amount":"US$560,000","context":"approximate annual net operating income of Bodegas Aurora"}]},"materialImpact":{"score":2,"reasoning":"A US$6.6M non-core asset sale (implying roughly an 8.5% yield on US$560K of NOI) is a routine portfolio-recycling transaction for a company with 34 facilities and ~6.2M sq ft of GLA. Strategically constructive but financially small and not market-moving; the deal also still must pass due diligence and closing conditions."},"tickerRelevance":{"others":[],"primary":"LPA"},"globalImportance":18,"audienceRelevance":12,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"small-cap (NYSE American)","eventGravity":"non-core asset divestiture of US$6.6M","sectorWeight":"industrial/logistics real estate, LatAm focus","issuerAuthored":true,"dealSizeVsPortfolio":"small relative to 34-facility, 6.2M sq ft portfolio","householdBrandBoost":0,"retailFavoriteBoost":0}},"event_type":"m_and_a","event_type_secondary":["operations_update"],"sentiment":"bullish","material_impact_score":2,"narrative":"Logistic Properties of the Americas agreed to sell Bodegas Aurora, a stabilized non-core logistics property in Heredia, Costa Rica, for a gross price of US$6.6 million in an all-cash transaction expected to close in the fourth quarter of 2026.\n\nThe 103,440-square-foot, two-building multi-tenant asset generates roughly US$560,000 of annual net operating income, implying an ~8.5% yield on the sale price.\n\nMost net proceeds will be redeployed into LPA's Mexico expansion, following a pending sale of Parque Logístico Lima Sur in Peru under its capital-recycling strategy; the portfolio spanned 34 facilities and about 6.2 million square feet of gross leasable area as of June 30, 2026.","key_figures":{"dealValueUsd":6600000,"customDimensions":{"annual_noi_usd":560000,"expected_closing":"Q4 2026","implied_noi_yield":"~8.5% (derived: US$560,000 NOI / US$6.6M gross price)","net_rentable_sqft":103440,"portfolio_gla_sqft":6200000,"portfolio_facilities":34}},"named_entities":{"people":[{"name":"Esteban Saldarriaga","role":"Chief Executive Officer of LPA"},{"name":"Luis Carlos Conejo","role":"Country Manager for Costa Rica"}],"products":["Bodegas Aurora","Parque Logístico Lima Sur"],"companies":[{"name":"Logistic Properties of the Americas","ticker":"LPA","relationship":"filer/issuer"},{"name":"InspIR Group","relationship":"investor relations agency"}],"dollarAmounts":[{"amount":"US$6.6 million","context":"gross purchase price for Bodegas Aurora"},{"amount":"US$560,000","context":"approximate annual net operating income of Bodegas Aurora"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-21T20:32:23.069Z","global_importance":18,"audience_relevance":12,"importance_components":{"tickerTier":"small-cap (NYSE American)","eventGravity":"non-core asset divestiture of US$6.6M","sectorWeight":"industrial/logistics real estate, LatAm focus","issuerAuthored":true,"dealSizeVsPortfolio":"small relative to 34-facility, 6.2M sq ft portfolio","householdBrandBoost":0,"retailFavoriteBoost":0}},"durationMs":142604,"modelName":"glm-5.3-flash"}}