en.Wedoany.com Reported - Mexican industrial real estate investment trust Fibra Mty completed the acquisition of the Michigan industrial portfolio in March for approximately $100 million, adding two Class A logistics facilities in the states of Coahuila and Guanajuato.
The two facilities have a combined gross leasable area of 88,197 square meters, along with over 200,000 square meters of land reserves acquired in the transaction. These land parcels provide room for future development and are expected to generate additional cash flow for the portfolio over the long term.
The transaction contracts are denominated in U.S. dollars, with a mandatory lease term of 15 years, and rent levels are adjusted annually based on the U.S. Consumer Price Index (CPI). This structure provides high predictability for portfolio income while linking rents to U.S. price trends, reducing the impact of inflation volatility on Fibra Mty's earnings.
The contracts adopt a triple net lease model, under which all costs related to property operations, maintenance, insurance, and taxes are borne by the tenants, with Fibra Mty not required to cover these expenses.
This acquisition continues the investment criteria Fibra Mty has followed since its inception—acquiring high-quality industrial assets, signing long-term contracts, and generating predictable cash flow. The land reserves also leave room for expanding the portfolio in the future based on tenants' new real estate requirements.
