# Brett Turner carved out a niche in Small Bay Industrial that has paid big dividends.

Page: https://stenobird.com/podcast/stories-behind-the-door-7023511/brett-turner-carved-out-a-niche-in-small-bay-industrial-that-has-paid-big-dividends
Text version: https://stenobird.com/podcast/stories-behind-the-door-7023511/brett-turner-carved-out-a-niche-in-small-bay-industrial-that-has-paid-big-dividends.md
Podcast: [Stories Behind the Door](https://stenobird.com/podcast/stories-behind-the-door-7023511)
Published: 2026-02-04T16:45:00+00:00
Episode link: https://c1fb7a5a-b918-4752-8e66-99cccd34cccf.libsyn.com/brett-turner-carved-out-a-niche-in-small-bay-industrial-that-has-paid-big-dividends
Audio file: https://dts.podtrac.com/redirect.mp3/traffic.libsyn.com/secure/c1fb7a5a-b918-4752-8e66-99cccd34cccf/0-Podcast-Audio-Brett-Turner.mp3?dest-id=4709347
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Duration seconds: 1739

## Resource

I sit down with Brett Turner, Senior Managing Director at BKM Capital Partners, for a masterclass in small bay industrial investment. Brett and his team are currently managing approximately $3.4 billion in AUM , specializing in multi-tenant industrial parks . In this conversation, we discuss why this asset class is incredibly difficult to manage but yields massive rewards for those who are vertically integrated. We explore the "replacement cost" gap that makes ground-up development nearly impossible to pencil, the shifting demand from small businesses, and why the current interest rate environment is creating a "perfect setup" for cash-flow-focused investors. Key Takeaways from this Episode: Outcome over Interaction: How technology has minimized the space requirements for manufacturers while increasing the need for nimble, "last-mile" locations . Market Trends: A look at why BKM is heavily deploying capital into Houston, Dallas, Atlanta, and Phoenix, while still finding AI-driven opportunities in Northern California . Management-Intensive Assets: Why large institutions like JP Morgan are finally taking positions in this space but still need expert managers to handle the 200+ tenants per park. Sustainable Growth: Why the industry is moving away from "steroid-level" 35% rent growth back toward healthy, inflation-beating rates . Personal Discipline: Brett's perspective on being a competitive bodybuilder and how high-stakes fitness translates into high-stakes fund management . If you are an investor or developer looking to understand where the "arbitrage" is in commercial real estate today, Brett Turner's insights from the front lines of BKM are essential listening. Connect with Brett Turner: Email: bturner@bkmcp.com Website: www.bkmcapitalpartners.com Connect with Thaddeu…

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