‘Broken' Assets Attract BKM Capital Partners

IRVINE, CA—As GlobeSt.com reported exclusively last month, BKM Capital Partners—the real estate arm of the Niru Group and a fund manager and operator platform targeting value-add, multi-tenant industrial real estate in the Western US—has acquired three multi-tenant industrial parks with a combined capitalization of $42.8 million on behalf of BKM Industrial Value Fund I LP. The parks mark the first three assets to be included in the commingled fund, which targets final close in March 2015 and intends to acquire approximately $300 million of assets in the product type by the end of next year. In the wake of this purchase, GlobeSt.com caught up with Brian Malliet, CEO and co-founder of BKM, to discuss the types of industrial assets his firm looks for and what the firm’s acquisition and growth strategy is.

GlobeSt.com: As a fund manager, how does BKM Capital Partners approach its acquisitions?