07 February 2017
Newport Beach, California
Reporter: Stephanie Palmer
New specialist institutional fund for BKM
BKM Capital Partners has launched its second institutional fund, BKM Industrial Value Fund II, targeting light industrial business parks across Western US.

The new fund will target $300 million in equity commitments, and $850 million in buying power. It will invest in the acquisition, improvement and respositioning of multi-tenant light industrial and small and mid-bay industrial warehouses.

According to BKM, this is in line with the fund manager’s strategy of investing in distressed assets that can be renovated and re-tenanted to increase value.

BKM closed its debut fund in February 2016, having raised $105 million in fund equity and $30 million in co-investment equity.

Brian Malliet, CEO and co-founder of BKM Capital Partners, said: “There is a disconnect in the market in our niche asset class that has allowed us to consistently acquire these properties at a significant discount to replacement cost and peak pricing.”

He added: “We have a deep pipeline of opportunities, which is why we have more than doubled our target equity goal for Fund II.”

Nima Taghavi, executive chairman of BKM Capital Partners, said: “The key to our platform’s success is our specific focus on multi-tenant light industrial assets, a strict underwriting discipline with a meaningful amount of margin of safety in all of our assumptions and an intensely hands on approach with our asset management and property management.”

Currently, BKM’s portfolio consists of 18 properties in Seattle, Phoenix, Las Vegas, and California.

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
West End office acquired for £98.5 million
24 February 2017 | London | Reporter: Theo Andrew
Workspace Group has acquired an office building in London’s West End, for £98.5 million
West London student accommodation sells for £31.5 million
24 February 2017 | London | Reporter: Theo Andrew
The UBS Triton Property Fund (UBS Triton) has acquired a West London student accommodation development for £31.5 million
Will Robson joins MSCI research team
23 February 2017 | London | Reporter: Theo Andrew
MSCI, the US-based equity provider, has appointed Will Robson as global head of real estate applied research
Liad Barzilai named new CEO of Atrium
23 February 2017 | Amsterdam | Reporter: Theo Andrew
Atrium European Real Estate has appointed Liad Barzilai as CEO, with immediate effect
TH Real Estate has acquired a 50 percent stake in the Kamppi Centre in Helsinki, Finland, for €250 million, on behalf of its European Cities Fund
Real IS hit €1.4 billion investment volume in 2016
22 February 2017 | Munich | Reporter: Theo Andrew
Real IS’s investment volume increased to more than €1.4 billion in 2016 while it raised more than €1 billion in equity for the first time
£29.24 million invested in Oxfordshire distribution site
22 February 2017 | Didcot | Reporter: Theo Andrew
Tritax Big Box Real Estate Investment Trust has invested £29.24 million in a new distribution centre in Oxfordshire