BKM Acquires Multi-State Industrial Portfolio for $425M

Newport Beach, CA-based BKM Capital Partners has acquired an industrial portfolio encompassing 11 properties located in Arizona, Northern California, Southern California and Oregon in a transaction valued at $425 million.

 Spectrum Center in Lake Forest, California

 

According to BKM’s Managing Director of Acquisitions, Brett Turner, “By acquiring this portfolio, we are able to achieve geographic diversification and scale in markets where we continue to see opportunities for value creation on behalf of our investors.”

 

BKM acquired eight of the properties through BKM Industrial Value Fund II, and three of the properties in partnership with the Canyon Catalyst Fund, Canyon Partners’ real estate emerging manager program managed on behalf of the California Public Employees’ Retirement System (CALPERS).

 

The portfolio features 2,669,265 square feet of space, 493 units and is nearly 90% occupied. The geographic spend included $158 million in Phoenix Metro, $124 million in Northern California, $101 million in Southern California, and $42 million in Oregon.

 

See the article on Connect Commercial Real Estate HERE.

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BKM CAPITAL PARTNERS

 

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

 

BKM Management Company manages a portfolio of 10.6 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 managed in the most efficient way.

 

 

 

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