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| Brian Malliet |
IRVINE, CA – BKM Capital Partners has acquired three
multi-tenant industrial parks with a combined capitalization of $42.8 million
on behalf of BKM Industrial Value Fund I, LP, according to Brian Malliet,
CEO and Co-Founder of BKM.
These are the first three assets to be included in the comingled
fund, which targets final close in March 2015, and intends to acquire
approximately $300 million of assets in the product type by the end of next
year.
Formed in 2013 as the real estate arm of The Niru Group, BKM
Capital Partners is a fund manager and operator platform targeting value-add,
multi-tenant industrial real estate in the Western United States.
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| Nima Taghavi |
“We are active on both the acquisition and capital raising
fronts as we near the close of a productive 2014,” Malliet notes.
“I believe we are the only fund manager in market
specifically targeting value-add multi-tenant industrial properties in this
geography.
"As such, we are excited at the opportunity to assemble within the
fund an optimal portfolio of assets precisely fitting our investment criteria,
starting with these three.”
The first three acquisitions are Hayden Island Business
Park in Portland, Oregon; Patrick Commerce Center in Las Vegas,
Nevada; and Black Canyon Business Park in Phoenix, Arizona.
Additional information is available at www.bkmcapitalpartners.com. Inquiries can be answered directly by Brett
Turner, Director of Acquisitions, at bturner@bkmcapitalpartners.com, or
Charlie Ittner, Director of Investor Relations, at cittner@bkmcapitalpartners.com. BKM Capital Partners is the real estate arm
of The Niru Group.
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| Black Canyon Business Park, Phoenix, AZ |
Founded by Nima Taghavi, The Niru Group is a private
investment management firm focused on opportunistic direct investment into real
estate, private businesses, and philanthropic organizations.
The company is known for combining operating
expertise and entrepreneurial know-how to generate superior results in business
and real estate acquisitions.
Additional information on the Niru Group is available at www.thenirugroup.com.
For a complete copy of the company’s news release, please
contact:
Jenn Quader or Amanda Brenner
Brower, Miller & Cole
(949) 955-7940
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