BKM Capital Partners (BKM) and Kayne Anderson Real Estate, the real estate investment arm of Kayne Anderson, have entered into a $1.5 billion joint venture partnership focused on light industrial real estate.
The $1.5 billion commitment from Kayne Anderson Real Estate will support the acquisition and value-added repositioning of a targeted portfolio of small bay and mid bay industrial properties, in a sector poised for continued demand.
The joint venture will focus on middle-market properties with below-market rents, high vacancy, and/or operational inefficiencies that can be acquired at a discount to replacement cost and well below peak pricing, and then repositioned to drive value.
“This joint venture marks a transformative step for BKM,” said Brian Malliet, founder, CEO and CIO of BKM Capital Partners. “We’ve spent more than a decade building a
