The T-MEC III Industrial Portfolio, in Nuevo Laredo, encompasses 6 industrial buildings with fully dollarized rents, 100% occupied by 6 tenants, with long-term leases, mainly engaged in the manufacturing industry. Nuevo Laredo is a border city adjacent to Laredo, Texas, which economy depends on exports and imports from the United States, as about 36% of national trade passes through this city, having 4 border crossings and an international airport. The vacancy rate is at a historically low level of 1.95%, with a strong and stable labor force. The average age of the warehouses is 23 years.