Our primary focus is the development of standardized logistics facilities, for which we acquire lands directly from the local governmentsandexecute a full development cycle by adopting our proprietary project design approachand project construction standards. Going forward, we plan to continue our focus onstandardized logistics park projects.
As of June 2019, CNLP has developed 65 logistics parks in 45 cities across China.
We develop logistics facilities based on the specificrequirements of certain of our tenants.
As of December 31, 2019, we had one BTSlogistics facilities in operation in one BTS logistics park.
We acquire existing logistics facilities and lease them back to the original owners to satisfy their financial and working capital needs.
As of December 31, 2019, we had two sales-and-leaseback logistics facilities in operation in one sale-and-leaseback logistics park.