UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of July 2024
Commission
File Number: 001-41995
Logistic
Properties of the Americas
(Exact
name of registrant as specified in its charter)
601
Brickell Key Drive
Suite
700
Miami,
FL 33131
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form
20-F ☒ Form 40-F ☐
EXHIBIT
INDEX
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
|
Logistic
Properties of the Americas |
|
|
|
|
By: |
/s/ Esteban
Saldarriaga |
|
Name: |
Esteban
Saldarriaga |
|
Title: |
Chief
Executive Officer |
Date:
July 15, 2024
Exhibit 99.1
![](https://www.sec.gov/Archives/edgar/data/1997711/000149315224027238/ex99-1_001.jpg)
Logistic
Properties of the Americas Expands Board with Appointments of
Two
Independent Directors
SAN
JOSÉ, Costa Rica – July 15, 2024 – Logistic Properties of the Americas (NYSE American: LPA) (together with its
subsidiaries, “LPA” or the “Company”), a leading developer, owner and manager of institutional quality, Class
A industrial and logistics real estate in Central and South America, today announced the appointments of Françoise Lavertu and
Javier Marquina as independent directors, increasing the Company’s board to seven members and the number of independent directors
to six.
Thomas
McDonald, Chair of LPA’s board of directors, said, “Françoise and Javier bring to LPA’s board extensive international
and regional experience and complementary skill sets, as well as important business networks. Françoise has over 25 years of international
experience scaling businesses as well as developing brands at leading global companies like Tesla, Louis Vuitton and L’Oréal,
while Javier has a strong track record of investing in and growing commercial real estate companies throughout Latin America. Our board
looks forward to working with Françoise and Javier in guiding LPA toward expanding its strategic footprint and further leveraging
its operational expertise to effectively capitalize on the strong e-commerce and nearshoring trends that are driving growth in Latin
America’s underpenetrated industrial real estate markets.”
Ms.
Lavertu said, “Global supply chains are undergoing unprecedented changes, creating significant opportunities for LPA. The Company
has the right business model and strategy in place to effectively seize them, and I look forward to sharing my experience in AI solutions
for supply chain management with LPA’s management team and board as the Company enters an exciting new phase of growth.”
Mr.
Marquina said, “I’m thrilled to contribute my many years of international experience in real estate investment and development,
including serving on the board of Latam Logistic Properties, S.A. prior to its business combination with two, and look forward to helping
LPA efficiently expand its world-class real estate platform and take full advantage of its highly promising position in markets where
global and regional companies are underserved in Latin America.”
Françoise
Lavertu has served as co-Chief Executive Officer since April 2023 of AUBA, a San Francisco-based company that provides AI-based supply
chain visibility and optimization technologies for large enterprises. She is also co-founder of South View Studio, a strategic and creative
brand-building firm advising B2C and B2B companies, including those operating in real estate and logistics, and she served as director
of strategy from February 2019 to April 2023. Ms. Lavertu founded and served as an advisor and operating partner from February 2019 to
March 2023 at Utelias, which provided strategic and operational guidance to private equity funds, bringing hands-on experience scaling
businesses to their portfolio companies. Prior to Utelias, Ms. Lavertu was Tesla’s General Manager for the Southeast U.S. and Latin
America, and previously Country Manager for Mexico. In addition to leading the launch of Tesla’s Model X and Model 3 vehicles as
well as energy products in her markets, she had full P&L responsibility. Ms. Lavertu began her career in consumer goods and has experience
in retail, sales, marketing, merchandising and purchasing at market-leading brands. She has a Bachelor’s degree in Commerce from
McGill University and a Master’s Degree in Statistics from HEC. Ms. Lavertu is a board member at Spectrum (Grupo Pantaleon), Solfium
and Kronia Technologies, and serves as an advisor to Endeavor and CiBanco.
Javier
Marquina is the founder and has served as Chief Executive Officer since February 2019 of Miami-based ARQ Consultants Inc., a firm specializing
in real estate investment strategy and execution. In addition, he has served on the board of Guatemala-based Inmobiliaria Spectrum since
June 2018 and was appointed as Vice Chair of the board in June 2023. He has served as an independent trustee at US-based TIDAL TRUST
II, a regulated investment trust with over 50 ETF holdings representing approximately US$5 billion in assets, since July 2022. He has
also served as manager since May 2023 of Neta Investments LLC, a US-based private real estate investment trust. Mr. Marquina served on
the board of Latam Logistic Properties, S.A. from November 2022 to March 2024. He also served as interim Head of the Americas of Acciona
Inmobiliaria from January 2020 to June 2021 and as Head of Investment Team for Latin America for GLL Real Estate Partners from September
2016 to January 2020. Previously, Mr. Marquina was the Real Estate Investment Director of Miami-based Finaccess Advisors, where he designed
and implemented a new real estate investment strategy and successfully closed three transactions totaling $250 million. Prior to this,
he was Partner and Finance Director of Aguirre Newman America, a SMM LLC franchise that he launched in 2009 and expanded into Brazil,
Mexico and Peru. In 2002, Mr. Marquina co-founded SMM LLC and led a management buyout of five CBRE offices in Latin America. Mr. Marquina
has a Master’s degree in Politics and Economics from the University of Oxford and an MBA from Instituto de Empresa in Madrid.
About
Logistic Properties of the Americas
Logistic
Properties of the Americas is a leading developer, owner, and manager of institutional quality,
Class A industrial and logistics real estate in Central and South America. LPA’s customers are multinational and regional
e-commerce retailers, third-party logistic operators, business-to-business distributors, and retail distribution companies. LPA expects
its strong customer relationships and insight to enable future growth through the development and acquisition of high-quality, strategically
located facilities in its target markets. As of December 31, 2023, LPA consisted of an operating and development portfolio of thirty-four
logistic facilities in Colombia, Peru and Costa Rica totaling more than 491,000 square meters (or approximately 5.3 million square feet)
of gross leasable area.
Forward-Looking
Statements
This
press release contains certain forward-looking information, which may not be included in future public filings or investor guidance.
The inclusion of forward-looking information in this press release should not be construed as a commitment by LPA to provide guidance
on such information in the future. Certain statements in this press release may be considered forward-looking statements within the meaning
of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements about future events or LPA’s
future financial or operating performance. These forward-looking statements regarding future events and the future results of LPA are
based on current expectations, estimates, forecasts, and projections about the industry in which LPA operates, as well as the beliefs
and assumptions of LPA’s management. These forward-looking statements are only predictions and are subject to known and unknown
risks, uncertainties, assumptions and other factors beyond LPA’s control that are difficult to predict because they relate to events
and depend on circumstances that will occur in the future. They are neither statements of historical fact nor promises or guarantees
of future performance. Therefore, LPA’s actual results may differ materially and adversely from those expressed or implied in any
forward-looking statements and LPA therefore caution against relying on any of these forward-looking statements.
These
forward-looking statements are based upon estimates and assumptions that, while considered reasonable by LPA and its management, are
inherently uncertain and are inherently subject to risks variability and contingencies, many of which are beyond LPA’s control.
Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the possibility
of any economic slowdown or downturn in real estate asset values or leasing activity or in the geographic markets where LPA operates;
(ii) LPA’s ability to manage growth; (iii) LPA’s ability to continue to comply with applicable listing standards of NYSE
American; (iv) changes in applicable laws, regulations, political and economic developments; (v) the possibility that LPA may be adversely
affected by other economic, business and/or competitive factors; (vi) LPA’s estimates of expenses and profitability; (vii) the
outcome of any legal proceedings that may be instituted against LPA and (viii) other risks and uncertainties set forth in the filings
by LPA with the U.S. Securities and Exchange Commission. There may be additional risks that LPA does not presently know or that LPA currently
believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking
statements made by or on behalf of LPA speak only as of the date they are made. Except as otherwise required by applicable law, LPA disclaims
any obligation to publicly update or revise any forward-looking statements to reflect any changes in their respective expectations with
regard thereto or any changes in events, conditions or circumstances on which any such statement is based. Accordingly, you should not
place undue reliance on forward-looking statements due to their inherent uncertainty.
Nothing
in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will
be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance
on forward-looking statements, which speak only as of the date they are made.
Investor
Relations Contact:
Jennifer
Carranza
Logistic Properties of the Americas
+506
2204-7020
ir@lpamericas.com
Barbara
Cano/Ivan Peill
InspIR
Group
+1
917 861 2530/+ 1 646 452-2335
barbara@inspirgroup.com/ivan@inspirgroup.com
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