{"id":1004322050,"date":"2019-05-08T04:14:56","date_gmt":"2019-05-08T12:14:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004322050"},"modified":"2019-05-08T07:17:28","modified_gmt":"2019-05-08T15:17:28","slug":"bkm-capital-closes-382m-fund","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bkm-capital-closes-382m-fund\/","title":{"rendered":"BKM Capital Closes $382M Fund"},"content":{"rendered":"<div id=\"attachment_1004322053\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Brian-Malliet-RESIZED-e1557262959598.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004322053\" data-attachment-id=\"1004322053\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-closes-382m-fund\/brian-malliet-resized\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Brian-Malliet-RESIZED-e1557317353968.jpg\" data-orig-size=\"778,584\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark III&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1383570374&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;52&quot;,&quot;iso&quot;:&quot;640&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Brian Malliet RESIZED\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Brian Malliet&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Brian-Malliet-RESIZED-e1557317353968.jpg?w=778\" class=\"wp-image-1004322053 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/05\/Brian-Malliet-RESIZED-e1557262959598.jpg\" alt=\"Brian Malliet, CEO &amp; Co-Founder, BKM Capital Partners.\" width=\"300\" height=\"225\"><\/a><p id=\"caption-attachment-1004322053\" class=\"wp-caption-text\">Brian Malliet, CEO &amp; Co-Founder, BKM Capital Partners. <em>Image courtesy of BKM Capital<\/em><\/p><\/div>\n<p>Institutional fund manager BKM Capital Partners has closed&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/bkm-launches-value-add-fund-targets-300m-in-equity\/\">BKM Industrial Fund II<\/a>, the firm\u2019s second institutional fund, with $382 million in equity commitments.<\/p>\n<p>The fund had its first close in December 2017 and has attracted investments from a mix of sources including U.S. endowments and pension funds, family offices and insurance companies. The fund is actively being used to acquire large office portfolios in the West, including major purchases in California and Arizona.<\/p>\n<p><em>\u201cOur niche strategy has been focused on the western U.S., and specifically in the multi-tenant light industrial asset class,\u201d<\/em>&nbsp;BKM Capital Partners CEO &amp; Co-Founder Brian Malliet told <em>Commercial Property Executive<\/em>. <em>\u201cFund II will follow that strategy and is already 46 percent invested throughout those markets. We are now actively targeting markets within the Pacific Northwest as well as Denver to ensure we have geographic diversification for our investors. These regions have undergone tremendous growth over the last several years and will allow us to acquire assets in quality markets.\u201d<\/em><\/p>\n<h2>Full steam ahead&nbsp;<\/h2>\n<p>BKM\u2019s first fund garnered $130 million in commitments\u2014$105 million in fund commitments and $25 million in deployed co-investment capital\u2014and has already been fully deployed.<\/p>\n<p>The company has made big moves over the past year, as the <a href=\"https:\/\/www.commercialsearch.com\/news\/momentum-persists-for-industrial-office-sectors-lags-for-retail\/\">booming industrial sector<\/a>, led by the continued strength of e-commerce, has shown no signs of slowing down. Over the last 12 months, BKM acquired more than $500 million in assets that encompass more than 3.4 million square feet.<\/p>\n<p>Recent deals include BKM\u2019s acquisition of a <a href=\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-partners-buys-denver-industrial-asset\/\">Denver industrial property<\/a> from Mountain West Industrial Properties for $24 million and the purchase of a <a href=\"https:\/\/www.commercialsearch.com\/news\/bkm-capital-partners-buys-san-diego-industrial-portfolio\/\">703,000-square-foot industrial portfolio<\/a> in San Diego from Stockbridge Capital Group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm\u2019s second institutional fund will invest in undervalued, light industrial assets in target markets across the western U.S.<\/p>\n","protected":false},"author":745,"featured_media":1004322056,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,21783,23891,21742,15],"tags":[33648,33895],"class_list":["post-1004322050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-investment","category-national","category-latest","category-west","tag-bkm-capital-partners","tag-brian-malliet"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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