BKM Capital Partners Announces $550 Million Recapitalization Deal with Kayne Anderson

BKM Capital Partners, a Newport Beach-based institutional fund manager specializing in value-add light industrial properties, has completed a $550 million recapitalization of a nine-property portfolio with Kayne Anderson Real Estate. This transaction marks the entrance of Kayne Anderson into the light industrial sector. The portfolio consists of over 2.1 million square feet of small-bay industrial space located in high-density areas across the Western U.S., including properties in Arizona, California, Colorado, Nevada, and Washington. This strategic transaction is part of BKM’s broader expansion, having invested over $1.2 billion in 25 acquisitions this year. BKM Capital is renowned for its focus on small-bay industrial properties and intends to use the partnership with Kayne Anderson to leverage rent growth opportunities in an underdeveloped sector. Facilitated by Truist Securities and First Citizens Bank, the deal aims to capitalize on the growing demand for light industrial spaces.