Logistic Properties of the Americas Announces US$152 Million Sale of Stabilized Assets in Colombia

BOGOTA, Colombia--(BUSINESS WIRE)--Logistic Properties of the Americas (NYSE American: LPA) (together with its subsidiaries, “LPA” or the “Company”) today announced an agreement to sell income-producing facilities located within Parque Logístico Calle 80 (“Calle 80”) in Bogotá, Colombia, to Bancolombia S.A. (“Bancolombia”), a major regional financial institution and a subsidiary of Grupo Cibest S.A. (NYSE: CIB), for COP 500 billion (approximately US$152 million, based on an exchange rate of COP.