BKM Capital Partners Acquires 750,000 SF of Texas Warehouses for $90M
BKM Capital Partners has announced the acquisition of two industrial real estate portfolios in Texas, totaling 750,000 square feet, for a combined purchase price of nearly $90 million. The transactions include five properties located across the Houston and Dallas-Fort Worth (DFW) metro areas and were secured at a significant discount to replacement cost. Together, the assets represent a 31% mark-to-market opportunity.
The newly acquired properties offer current occupancy rates of 70% in Houston and 81% in DFW. These assets serve a wide array of tenants across industrial services and supplies, manufacturing, and logistics sectors. With near-term lease rollover opportunities, BKM sees potential for immediate revenue growth through strategic leasing efforts.
In Houston’s Southwest submarket, BKM acquired two adjacent properties totaling 242,555 square feet from Fort Capital for $29.5 million. In the DFW region, the firm purchased three industrial assets comprising 512,000 square feet across 16 units for $60.3 million. These assets were previously owned by TA Realty.
BKM has earmarked $10.4 million for capital improvements across the portfolios, aiming to enhance property value and tenant appeal. The acquisitions further expand BKM’s footprint in Texas’ growing industrial real estate market.
