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California  + Orange County  + Industrial  | 

BKM, Kayne Anderson Recapitalize Light Industrial for $550M

BKM Capital Partners said Thursday it had executed a $550-million recapitalization of a nine-property light industrial portfolio with Kayne Anderson Real Estate. The transaction marks the first entry into the light industrial sector for Kayne Anderson Real Estate, an alternative asset manager with an established track record in seniors housing, student housing, medical office, multifamily and self-storage.

“We are pleased to partner with Kayne Anderson Real Estate on its first move into the light industrial sector,” said Brian Malliet, founder, CEO and CIO of BKM. “By combining our deep expertise in small-bay real estate investments with the support of a respected investment manager in Kayne Anderson, we are unlocking exceptional opportunities for growth.”

Five of the nine properties are in BKM’s home state of California, including assets in Burbank, Concord, Fremont and Vista. The others are located in the metro areas of Phoenix, Denver, Las Vegas and Seattle.

Pictured: BKM’s Shoreline Business Center in Fremont.

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BKM Capital PartnersKayne Anderson Real Estate

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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