Logistic Properties of the Americas Announces US$152 Million Sale of Stabilized Assets in Colombia
Logistic Properties of the Americas announced an agreement to sell income-producing facilities within Parque Logístico Calle 80 in Bogotá, Colombia to Bancolombia S.A. for approximately COP 500 billion (about US$152 million). The sale involves stabilized assets based on the announced exchange rate.
Why it matters — LPA watchers would note the company's sale of stabilized income-producing assets in Colombia to a major regional financial institution, reflecting a significant monetization of its portfolio.