Updated Jan 13, 2025
BKM Capital Partners Secures $550 Million Recapitalization For Nine-Property Industrial Portfolio
$550,000,000
$262/SF
Building Size
2,100,000 SF
Asset Type
Industrial
Closing
Dec 12, 2024
About this deal
AI
BKM Capital Partners completed a $550M recapitalization of a nine-property, 2.1M-square-foot light industrial portfolio in the Western U.S., covering markets in Burbank, Concord, Fremont, Vista, Tempe, Englewood, Las Vegas, and Kent. This transaction involved an asset type categorized as industrial.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $550,000,000
- Asset Size: 2,100,000 SF
- Loan Type: Recapitalization
- Markets: Burbank, Concord, Fremont, Vista, CA; Tempe, AZ; Englewood, CO; Las Vegas, NV; Kent, WA
Brian Malliet and Al Rabil were key individuals involved in this transaction, representing BKM Capital Partners. This deal also marks Kayne Anderson Real Estate’s first investment in the small-bay industrial sector, highlighting BKM's capability to drive rent growth within its expanding $4.3B portfolio.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93