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.”