 |
| Brian Malliet |
LAS VEGAS, NV – BKM Capital
Partners, an institutional fund manager with a niche focus on value-add,
multi-tenant light industrial investments, has sold the first three multi-tenant
industrial business parks in its debut fund.
The three dispositions include a 223,009
square-foot multi-tenant industrial building, and a 137,603 square-foot
industrial complex in Las Vegas, Nevada, and a 98,516 square-foot business park
in Portland, Oregon.
“Creating value in
distressed assets is our specialty,” says Brian
Malliet, CEO and Co-Founder of BKM Capital Partners. “We acquire light
industrial properties that require hands-on management and then implement our
proven operational platform to create value, which is exactly what we did
here.”
 |
| Patrick Commerce Center, Las Vegas, NV |
BKM repositioned and
leased up all three of the assets, ultimately achieving an IRR of 38.5 percent
and 2.1 multiple at the Patrick Commerce Center property, an IRR of 38.5
percent and 2.4 multiple at the Portland property Hayden Island Business Park,
and an IRR of 43.3 percent and a 2.3 multiple at Wind River, all within a
two-year period.
“These results demonstrate the strength of our
investment thesis,” says Malliet, who explains that BKM has maintained a niche
focus on value-add multi-tenant industrial assets since its inception.
“Because we understand
this property type inside and out, we are consistently able to acquire these
properties at a significant discount to replacement cost, providing our team
with an opportunity to improve the performance of the asset and generate a
return for our investors.”
For a complete copy of the company’s news release,
please contact:
Lauren Burgos
Junior Account Executive
Brower, Miller & Cole
895 Dove Street, Third
Floor
Newport Beach, CA 92660
p: (949) 955-7940
No comments:
Post a Comment