BKM Capital Partners And Kayne Anderson Real Estate Acquire Light Industrial Portfolio In Phoenix For $167.9M

BKM Capital Partners and Kayne Anderson Real Estate acquired a light industrial portfolio located in Metro Phoenix, Arizona. The portfolio includes 41 buildings with a total area of 889,352 square feet, and the sale was executed for a total price of $167.9 million, representing a price per square foot of $189.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $167,900,000
• Sale Date: September 11, 2025
• Address: Light Industrial Portfolio
• Market: Phoenix, AZ
• Square Footage: 889,352
• Price Per Square Foot: $189
• Seller: Equus Capital Partners
• Buyer: BKM Capital Partners & Kayne Anderson Real Estate
• Occupancy Rate: 89%
• Joint Venture: Sixth deal under the BKM-Kayne joint venture

The transaction involved the collaboration of BKM Capital Partners and Kayne Anderson Real Estate, who positioned themselves strategically to acquire this portfolio at a discount to replacement cost. The deal was facilitated through an affiliate of Equus Capital Partners, underscoring a significant movement in the light industrial sector in the Metro Phoenix area.