California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
BKM Announces First Close with $160M in Equity Commitments
Newport Beach, CA-based BKM Capital Partners announced the first close of its second institutional fund, BKM Industrial Value Fund II, L.P., with $135 million in equity commitments as well as $25 million in co-investments. The firm also currently has an additional $100 million of soft-circled equity commitments from European and U.S. institutional investors.
The fund is comprised of a mix of institutional investors including a U.S. college endowment, U.S. state pension fund, a large U.S. insurance company, a German trust, U.S. fund of funds and a Canadian family office.
BKM Capital Partners’ Nima Taghavi says, “Our first institutional fund, which closed in 2016 and is fully invested, has the same strategy as this second fund of acquiring value-add multi-tenant industrial assets throughout major metro markets in the Western U.S.
Four assets have already been acquired for the fund, including Hughes Airport Center II in Las Vegas, Activity Business Center in San Diego, Inverness Business Park in Denver, and Expo Centre in Sacramento.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


