BKM Capital Partners (BKM) acquired two Texas portfolios totaling 750,000 square feet for nearly $90 million. The two separate transactions involve five properties across Houston and Dallas-Fort Worth. The newly acquired portfolios were purchased at a significant discount to replacement cost and collectively offer a 31% mark-to-market opportunity.

The average current occupancy for the portfolios stands at 70% in Houston and 81% in DFW, catering to a diverse range of uses, including industrial services and supplies, manufacturing, and logistics. Near-term lease rollover profiles further set the stage for immediate upside. 

In Houston’s Southwest market, BKM bought a pair of adjacent properties totaling 242,555 square feet from Fort Capital for $29.5 million. In Metro DFW, the firm acquired three assets with 512,000 square feet across 16 units for $60.3 million, previously owned by TA Realty. BKM has allocated $10.4 million toward capital improvements.

What’s next for multifamily development and expansion in Texas? Hear from major developers—including leadership from Ryan Companies, Lument, GSP, Zonda, Daniel Management Group, CSSI, PGIM, Transwestern, Regions Bank, and many more —as they share what’s driving the pipeline, strategies, overcoming delays, and setting the pace for what’s ahead at Connect Texas Multifamily. www.ConnectTXMF2025.com | EVENT DATE: Thursday, August 28^th | VENUE: The Joule, Dallas