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 May 2024
Commission
File Number: 333-275972
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 ☐
EXPLANATORY
NOTE
On
May 13, 2024, the Company published a press release announcing the appointment of its new Chief Financial Officer, with its former Chief
Financial Officer remaining in the role of Chief Operating Officer. A copy of this press release is furnished as Exhibit 99.1 to this
Form 6-K.
The
information in this Form 6-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934
(the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference
in any filing under the Securities Act of 1933 or the Exchange Act.
EXHIBIT
INDEX
SIGNATURES
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:
May 13, 2024
[Signature
Page to 6-K]
Exhibit 99.1
![](https://www.sec.gov/Archives/edgar/data/1997711/000149315224018924/ex99-1_001.jpg)
Logistic Properties of the
Americas Announces Leadership Structure Evolution Strengthening the Organization
Annette Fernandez Appointed
as Chief Operating Officer
Paul Smith Appointed Chief
Financial Officer
SAN JOSÉ, Costa Rica-
May 13, 2024 – Logistic Properties of the Americas (“LPA”), a leading developer, owner and manager of institutional
quality, Class A industrial and logistics real estate in Central and South America, today announced an evolution of its leadership structure
establishing a COO role with a separate CFO position to further strengthen the team, aligned with LPA’s next phase of growth following
its NYSE listing in March 2024.
LPA’s Chief Financial
Officer (CFO), Annette Fernandez will be appointed as Chief Operating Officer (COO) of LPA, effective May 13, 2024, reflecting Annette’s
considerable tenure at LPA as well as the Company’s long-term growth initiatives and an organizational alignment focused on future
performance. Paul Smith has joined LPA to assume the Chief Financial Officer role, also effective May 13, 2024. Mr. Smith has more than
15 years of experience as a CFO of public and private companies- including VTrips Holdings, Hoteles City Express, Envases Universales,
SAPI, and Grupo Marti- where he gained a deep understanding of real estate transactions, financing negotiation, cross-border acquisitions
and integrations, and of Latin American markets, Mexico in particular.
Esteban Saldarriaga, CEO of
LPA, said, “Annette has been an outstanding contributor and invaluable member of LPA’s executive leadership team, having
served as CFO of LatAm Logistic Properties, S.A. since 2017 and throughout a period of significant transformation and growth, culminating
in LPA’s successful NYSE listing. As we look to LPA’s future, Annette is well-matched to the task of driving our firm forward
as our Company’s COO. Her strategic and collaborative leadership has contributed significantly to our transition to a publicly
traded company.” He continued, “Paul brings the experience and depth of financial knowledge to take our work to the next
level, and I’m pleased to welcome him to the LPA team to lead our financial operations.” He continued, “This leadership
evolution leverages our Company’s solid operational foundation to build on the strong momentum across the Company and execute our
growth strategy.”
“I am honored to assume
Logistic Properties of the Americas’ COO role, and am particularly grateful to my LPA colleagues and the continued support of Esteban
and our board of directors,” said Annette Fernandez. “We will continue to build on our strong foundation to deliver industrial
real estate solutions for our customers, invest in talent and capabilities, and create value for our shareholders.”
“I’m thrilled to
join Logistic Properties of the Americas at such a pivotal moment in its history and feel privileged to have the opportunity to join
LPA’s management team, where I can leverage my considerable experience and knowledge to drive continued financial growth and operational
excellence,” commented Paul Smith, incoming Chief Financial Officer at LPA. “I look forward to the future ahead, as we work
on executing our strategic objectives and ensuring a smooth transition for all stakeholders.”
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’s strong customer relationships and
insight is expected 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.
Media Relations Contact:
Zach Kouwe / Kendal Till
Dukas Linden Public Relations
+1 646-722-6533
LLP@dlpr.com
Investor Relations Contact:
Jennifer Carranza
Logistic Properties of the Americas
+506 2204-7020
ir@lpamericas.com
Barbara Cano
InspIR Group
+1 917 861 2530
barbara@inspirgroup.com
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