Monitor Q4 2026 closing and subsequent redeployment of ~US$70 million net proceeds into Mexico development pipeline along Federal Highway 57D. The retained land and management fee provide ongoing Colombia exposure, but the capital-light pivot reduces direct NOI from sold assets — watch next earnings for updated FFO guidance reflecting the portfolio shift.
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Executive Summary
Logistic Properties of the Americas (LPA) announced an agreement to sell stabilized assets within Parque Logístico Calle 80 in Bogotá, Colombia to Bancolombia for COP 500 billion (~US$152 million) in an all-cash transaction. This is LPA's third asset sale in 2026, bringing total completed and announced dispositions to over US$300 million, with net after-tax proceeds of ~US$70 million to be redeployed toward higher-return growth in Mexico, while LPA retains pad-ready land and a management fee stream.
Key Facts
- Sale price of COP 500 billion (~US$152 million) in all-cash to Bancolombia
- Third disposition in 2026; aggregate completed/announced transactions exceed US$300 million
- Net after-tax distributable proceeds expected to be ~US$70 million
- 8.2% in-place cap rate; price within ~5% of most recent independent appraisal
- LPA retains ~1.08 million sq ft of pad-ready, fully serviced land at Calle 80
- LPA will continue as park manager earning a 1.5% facilities management fee on rental revenues
- Closing expected early Q4 2026 subject to customary conditions
- Transaction converts peso-denominated value to USD after COP ~14% YTD appreciation vs USD
Financial Impact
US$152 million gross sale price; ~US$70 million net after-tax distributable proceeds; aggregate 2026 dispositions exceed US$300 million
Risk Factors
- Closing subject to customary conditions — any delay or failure would defer proceeds
- Redeployment risk: capital allocated to Mexico may not achieve targeted returns
- Loss of direct rental income from sold buildings reduces near-term revenue and FFO
- COP/USD exchange rate at closing may differ from the ~COP 3,300 assumed rate
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001997711-26-000177 |
| Document: latampropertiesoftheameric.htm | 0001997711-26-000177 |
| Document: 0001997711-26-000177-index-headers.html | 0001997711-26-000177 |
| Document: 0001997711-26-000177-index.html | 0001997711-26-000177 |
| Document: 0001997711-26-000177.txt | 0001997711-26-000177 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | 6-K | $2.65 | awaiting T+1 | — | $2.63 (−0.75%) |
Oct 5, 2026 21d ago | 6-K | $3.12 $3.05 | ▼ −2.24% | ▼ −2.79% | $2.63 (−15.71%) |
Sep 14, 2026 5w ago | 6-K | $3.10 $3.06 | ▼ −1.29% | ▼ −0.85% | $2.63 (−15.16%) |
Aug 24, 2026 8w ago | 144 | $3.23 $3.07 | ▲ +4.95% | ▲ +4.98% | $2.63 (+18.58%) |
May 26, 2026 21w ago | 6-K | $2.83 $2.89 | ▲ +2.12% | ▲ +1.57% | $2.63 (−7.07%) |
May 21, 2026 22w ago | 6-K | $3.28 $3.10 | ▼ −5.49% | ▼ −5.93% | $2.63 (−19.82%) |
May 13, 2026 23w ago | 6-K | $3.36 $3.40 | ▲ +1.19% | ▲ +2.42% | $2.63 (−21.73%) |
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