BKM Capital acquires 11-property industrial portfolio for $425m
BKM Capital Partners has acquired a portfolio containing 11 industrial properties located in Phoenix, Northern California, Southern California, and Portland, Ore. BKM acquired the properties for a total consideration of $425.37 million.
“Our firm took advantage of this unique opportunity to acquire 11 well-occupied industrial properties, strategically located in some of the most desirable industrial submarkets in the western U.S.,” said Brett Turner, BKM Capital Partners’ managing director of acquisitions. “By acquiring this portfolio, we are able to achieve geographic diversification and scale in markets where we continue to see opportunities for value creation on behalf of our investors.”
BKM acquired eight of the properties through BKM Industrial Value Fund II and three of the properties in partnership with the Canyon Catalyst Fund, Canyon Partners’ real e