BKM Nears $300M Fund Cap Months Early

Barb Rea

BKM Capital Partners‘ BKM Industrial Value Fund II is already nearing its $300 million cap months early. The firm has held the first closing for the fund with $160 million in commitments and $100 million in soft-circled commitments from European and US institutional investors. Like BKM Industrial Value Fund I, the second fund is strategically focused on multi-tenant value-add industrial opportunities in the Western US. The strategy was successfully executed in the earlier fund, which has already produced 37% to 40% IRR for its first three realized assets. Fund II will hold its final close at the end of summer 2018. Until then, we sat down with Barb Rea, director of investor relations and operations at BKM Capital Partners, to talk about the interest in the fund, the possibility over oversubscribing and why they continue to be strong believers in the value-add industrial space.

GlobeSt.com: You are focusing on value-add multi-tenant industrial deals. Why do you continue to be a believer in this asset class, what is your strategy in this space?