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BKM Capital Partners and StepStone Real Estate Form Venture to Invest in Light-Industrial and Logistics Properties

8/04/23

BKM Capital Partners (BKM) and StepStone Real Estate (SRE) have formed an investment partnership focused on acquiring light-industrial and multi-use logistics properties in the Western United States. SRE is the real estate arm of the global private markets investment firm StepStone Group.

Pacific Business Center, Henderson, NV
Pacific Business Center, Henderson, NV
The venture was launched with SRE’s acquisition of BKM’s limited partners’ interests in two large, stabilized industrial properties located in the high-growth markets of Las Vegas, NV and Burbank, CA. In addition, SRE has committed fresh capital to expand the portfolio by acquiring additional value-add small- and mid-bay light industrial assets.

The BKM-SRE Partnership is investing alongside BKM Industrial Value Fund II, the second in BKM’s series of value-add funds focused on the small- and mid-bay light industrial space. The new partnership includes ownership interests in Pacific Business Center, a 748k sf, Class A light industrial park in Henderson, NV and Backlot Burbank, a 306k sf, Class A light industrial park in Burbank, CA.

The partnership will look to expand the portfolio by co-investing in additional attractive small- and mid-bay light industrial assets across the Western U.S. SRE has been focused on increasing its exposure to value-add industrial assets and selected BKM as their latest partner to achieve those objectives.






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