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| Cheyenne Technology Center, Las Vegas, NV |
LAS VEGAS, Nevada, (December 1, 2014) – BKM Capital
Partners, a fund manager and operator platform targeting value-add,
multi-tenant industrial real estate in the Western U.S., has increased its
investment in Las Vegas with the acquisition of two multi-tenant industrial
parks encompassing 309,932 square feet of space, bringing its Las Vegas
portfolio to over one half-million square feet.
Formed in 2013 and currently raising its first commingled
fund, BKM Capital Partners acquired the assets for a total of $27.5 million.
These acquisitions represent the fourth and fifth
investments on behalf of the fund, joining properties in Phoenix and Portland,
as well as another in Las Vegas.
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| Brian Malliet |
“Paramount to our firm’s mission as we grow and raise
institutional capital is ensuring that each acquisition precisely meets our
defined investment criteria. As we
scale up, we must also stay true to our process,” says Brian Malliet,
CEO and Co-Founder of BKM Capital Partners.
“Target assets such
as Cheyenne and Wind River allow us to do just that, and our acquisition
pipeline is well-stocked with deals such as these in markets like Las Vegas,
upon which we remain bullish.”
BKM is the only fund manager specifically targeting
value-add multi-tenant industrial properties in the Western U.S., according to
Malliet, who notes that the firm continues to be active in both acquisitions
and capital-raising, and expects to attract strong investor interest based on
its specialization and track record.
For a complete
copy of the company’s news release, please contact:
Amanda Brenner
Brower, Miller & Cole
(949) 955-7940
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