BKM Capital Partners, based in Newport Beach, has joined forces with StepStone Real Estate – the real estate arm of global private markets investment firm StepStone Group. The BKM-SRE Partnership was launched through SRE’s acquisition of BKM’s limited partners’ interests in two large stabilized industrial properties located in Las Vegas and Burbank, as well as a commitment to invest additional capital into acquiring more value-add small- and mid-bay light industrial assets.
The partnership is investing alongside BKM Industrial Value Fund II – the second fund from their series focused on small- and mid bay light industrial investments. This includes ownership interests in Pacific Business Center (748,000 square feet Class A light industrial park located Henderson NV) and Backlot Burbank (306,000 square feet Class A light industry park situated at Burbank).
“This collaboration reflects our ongoing investment strategy while also representing a major milestone for our strategic growth plan,” said Brian Malliet – founder & CEO of BKM Capital Partners. “By combining our expertise on value add real estate investments with Stepstone’s successful track record within global real estate market we are now able to unlock unprecedented opportunities.”
