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Alternative Assets  + Real Estate  |  August 1, 2023
BKM Partners with StepStone Real Estate
Joe Palmisano
By: Joe Palmisano

BKM Partners with StepStone Real Estate   

BKM Capital Partners, a Newport Beach, CA real estate fund manager and operator, has partnered with StepStone Real Estate (SRE), the real estate arm of the $138 billion global private markets investment firm StepStone Group. 

Through a GP-led secondary direct transaction, the partnership began with SRE’s acquisition of BKM’s limited partners’ interests in two large, stabilized industrial properties in Las Vegas, NV and Burbank, CA. 

The partnership invests alongside BKM Industrial Value Fund II, the second in BKM’s series of value-add funds focused on small- and mid-bay light industrial properties, which includes Pacific Business Center, a 748K square-foot Class-A light industrial park in Henderson, NV and Backlot Burbank, a 306K square-foot Class-A light industrial park in Burbank, CA. 

SRE plans to expand its portfolio by co-investing in additional small- and mid-bay light industrial assets across the Western US. 

“Combining our expertise in value-add real estate investment with StepStone’s proven track record in the global real estate market, we are poised to unlock unparalleled opportunities,” said Brian Malliet, Founder and CEO of BKM Capital Partners. 

Pictured: Pacific Business Center, Henderson, NV 

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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