BKM Capital Partners, based in Newport Beach, has teamed up with StepStone Real Estate (SRE), the real estate arm of global private markets investment firm StepStone Group. The BKM-SRE Partnership was launched with SRE’s acquisition of limited partners’ interests in two large stabilized industrial properties located in high-growth Las Vegas and Burbank markets. Fresh capital was also committed to expand the portfolio by acquiring additional value-add small and mid-bay light industrial assets.
The partnership includes ownership interests from BKM Industrial Value Fund II – the second fund focused on small and mid-bay light industrial investments from BKM Capital Partners series. These include Pacific Business Center, a 748,000 square foot Class A light industrial park located in Henderson NV; as well as Backlot Burbank – a 306,000 square foot Class A light industrial park situated at Burbank CA.
Brian Malliet – founder & CEO of BKM Capital Partners – commented that “this partnership speaks to our ongoing investment strategy’s strength and represents an important milestone for our strategic growth plan”. He further added that “combining our expertise on value add real estate investments with StepStone’s proven track record within global real estate market will unlock unparalleled opportunities”.
