BKM Teams with StepStone Real Estate for Light Industrial Portfolio
Newport Beach-based BKM Capital Partners formed a partnership with StepStone Real Estate, the real estate arm of global private markets investment firm StepStone Group. The BKM-SRE Partnership launched with SRE’s acquisition of BKM’s limited partners’ interests in two large, stabilized industrial properties located in the high-growth markets of Las Vegas and Burbank, and a commitment of fresh capital to expand the portfolio by acquiring additional value-add small- and mid-bay light industrial assets.
The BKM-SRE Partnership is investing alongside BKM Industrial Value Fund II, the second in BKM’s series of value-add funds focused on small- and mid-bay light industrial . The partnership includes ownership interests in Pacific Business Center, a 748,000-square-foot Class-A light industrial park in Henderson, NV; and Backlot Burbank, a 306,000-square-foot Class-A light industrial park in Burbank.
“This partnership speaks to the strength of our ongoing investment strategy and represents a significant milestone in our strategic growth plan,” said Brian Malliet, founder and CEO of BKM Capital Partners. “Combining our expertise in value-add real estate investment with StepStone’s proven track record in the global real estate market, we are poised to unlock unparalleled opportunities.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).