• Done Deals

BKM Capital Partners Acquires Three-Property Value-Add Light Industrial Portfolio in Growing Phoenix

PHOENIX METRO, AZ (May 23, 2016) – BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant light industrial investments, has acquired the RREEF Tempe portfolio, a 305,524 square-foot three-property portfolio in the growing submarket of Tempe, Arizona in an off-market transaction.

The portfolio consists of 16 multi-tenant light industrial buildings and was purchased for $24.1 million, which is 34 percent below replacement cost.

The three-property portfolio was purchased from Deutsche/RREEF and the CIM group on behalf of its client, an institutional investor. Bob Buckley and his team at Cushman & Wakefield represented the seller in the transaction.

This portfolio was acquired as part of BKM Industrial Value Fund I L.P., which closed earlier this year and now has 14 assets totaling more than $155.1 million in assets under management.

“The Phoenix metro is one of the most highly sought after industrial regions in all of Arizona,” says Brian Malliet,CEO and Co-Founder of BKM Capital Partners. “The prime location of these assets coupled with the Tempe submarket’s historically high industrial occupancy will allow us to maximize returns for our investors over time.”

The Tempe submarket currently boasts 93.4 percent occupancy, averaging 91 percent occupancy since 1990. The RREEF Tempe portfolio is 87 percent occupied with in-place rents that are significantly below market, providing an opportunity for BKM to drive value and yields, according to Malliet.

For a complete copy of the company’s news release, please contact:

Lexi Astfalk/Jenn Quader

Brower, Miller & Cole

(949) 955-7940

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Headquartered in Newport Beach, California, BKM Capital Partners is a real estate fund manager specializing in the acquisition and improvement of value-add multi-tenant industrial properties in metro areas across the Western U.S. Combining a deep knowledge of this niche industrial product type with in-house capabilities including on-site property management, asset management, and leasing to reposition and institutionalize light industrial assets, the firm continues to build on its proven track record, generating strong results with high levels of transparency and engagement for investors. 

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BKM Management Company manages a portfolio of 8.6 million square feet of multi-tenant industrial properties for BKM Capital Partner’s private and institutional investors. With a focus on “boots on the ground” execution at the property level, BKM has in-house capabilities for both property management and leasing. The teams at the property level are focused on ensuring the tenants thrive and that the properties are managed in the most efficient way.




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