Terrafina announced the acquisition of a portfolio consisting of 10 industrial properties for $59.4 million, excluding transaction and tax costs. This acquisition is comprised of 10 industrial properties located in the cities of San Luis Potosi, Irapuato and Monterrey, contributing a total of 1.1 million square feet of gross leasable area (GLA) to Terrafina's portfolio in some of the most dynamic markets in the Bajio area and northern Mexico. The occupancy rate of the acquired portfolio is 96.3% and all leases are U.S. dollar-denominated under a triple-net lease (NNN) structure.
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