BentallGreenOak, which uses the trade name BGO, is a real estate investment firm headquartered in

Miami Miami is a East Coast of the United States, coastal city in the U.S. state of Florida and the county seat of Miami-Dade County, Florida, Miami-Dade County in South Florida. It is the core of the Miami metropolitan area, which, with a populat ...

Florida Florida ( ; ) is a U.S. state, state in the Southeastern United States, Southeastern region of the United States. It borders the Gulf of Mexico to the west, Alabama to the northwest, Georgia (U.S. state), Georgia to the north, the Atlantic ...

. The firm is the real estate investment arm of

Sun Life Financial Sun Life Financial Inc. is a Canadian financial services company. It is primarily known as a life insurance company. Sun Life has a presence in investment management with over CAD$1.3 trillion in assets under management operating in a number ...

. It is considered one of the largest real estate investment firms in North America. In 2022, the firm was ranked by PERE (under ''

Private Equity International ''Private Equity International'' (PEI) is a global insight, analysis and data provider for the private equity industry, with a core focus on the relationship between investors and fund managers: the LP- GP nexus. Launched in December 2001, the t ...

'') as the seventh largest Private Equity Real Estate firm based on total fundraising over the most recent five-year period.

History

Bentall Kennedy and GreenOak Real Estate merged to form BentallGreenOak in 2019. Bentall Kennedy was a Canadian real estate investment firm that was a subsidiary of

and GreenOak Real Estate was an American private equity real estate firm established in 2010 with its seed capital being provided by the Tetragon Financial Group. In 2019, Sun Life Financial acquired a 56% stake in GreenOak Real Estate by paying $195 million in cash. Then Sun Life merged the two firms to form BentallGreenOak. Bentall Kennedy's CEO, Gary Whitelaw became CEO of the new entity. In 2020, Whitelaw resigned from his position as CEO and was replaced by GreenOak Real Estate co-founders, Sonny Kalsi and John Carrafiell who are currently serving as co-CEOs. In February 2023, it was reported that BGO has been building its US commercial real estate lending platform. In September 2023, BGO introduced move-in-ready offices for SME tenants seeking flexibility in hybrid work arrangements. In September 2024, BGO stated that while the commercial-property market had hit the bottom and would start to recover, the office sector would still have challenges due to a shift in tenant demand. In May 2025, BGO raised $4.6 billion on its BGO Asia Fund IV targeting Japan making it the largest fund at that time. This came as a surprise to some as the firm was based in the US. It was suggested reasons included better returns and wanting to diversify beyond the US due to geopolitical factors.

Investments

* 1250 René-Lévesque * Cloverdale Mall. * Eastgate Square * Eglinton Square Shopping Centre * KPMG Tower * North Hill Centre * Pen Centre * Richardson Building * Sun Life Centre * St. Vital Centre *

The Tenor The Tenor (formerly Metropolis, Toronto Life Square and 10 Dundas East) is a retail, office and entertainment complex development on the north-east corner of the intersection of Yonge Street and Dundas Street in Toronto, Ontario, Canada. The pro ...

* Apple Campus 3

Legal actions

East End Capital and a pair of Australian investors filed a lawsuit against BentallGreenOak after they pulled out from a deal to purchase a Miami office tower. The court ruled in favour of BentallGreenOak in 2021, resulting in East End Capital's side being required to pay back a $5.5 million deposit.

References

External links

* {{authority control Sun Life Financial Companies based in Miami Financial services companies established in 2019 Investment companies of the United States Investment companies of Canada Real estate companies of the United States Real estate companies of Canada