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DALLAS-Staying a course to spend $100 million by year's end in key markets, BH Properties LLC has deposited the first round of a $40-million Texas allocation into a $17-million trio of buys. And, it's holding purchase contracts for another 800,000 sf of industrial and retail space in the state.

"We're very aggressive. We're deal hungry," Steve Jaffe, BH Properties' executive vice president and general counsel, tells GlobeSt.com. "We've identified Texas as a key market for us." The Los Angeles-based group is deploying capital from US investors into value-add deals in the $2-million to $25-million range.

The just-bought Texas properties are a 375,000-sf, class A warehouse at 1401 Pullman Dr. in the Vista del Sol Industrial Park in El Paso; 209,000-sf industrial asset at 2801 Galveston Ave. in McAllen; and 55,552-sf former Kmart building at 5222 Wesley St. in Greenville. Jaffe says the spending spree also extends into Arizona, the Carolinas, Florida, Georgia, Louisiana and Utah, but it's taking a bye on California buys for now.