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 Tetragon Financial Group Limited (Tetragon) is a Guernsey closed-ended investment company founded in 2005. Its non-voting shares are traded on the Euronext exchange in Amsterdam and the Specialist Fund Segment of the main market of the London Stoc ...

. 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 John Carrafiell (born March 8, 1965) is an American businessman and real estate investor and the Co-CEO of BentallGreenOak. Education Carrafiell received his B.A. from Yale University in 1987. Career Carrafiell joined Morgan Stanley in 1987 and ...

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 ''Sme'' (stylized as ''SME'') or ''Denník Sme'' () is one of the widely-read mainstream broadsheets in Slovakia. Its website is one of the most-visited internet portals in Slovakia. Ownership status In June 2016, the Antimonopoly Office appro ...

tenants seeking flexibility in

hybrid work Remote work (also called telecommuting, telework, work from or at home, WFH as an initialism, hybrid work, and other terms) is the practice of working at or from one's home or another space rather than from an office or workplace. The pract ...

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 1250 René-Lévesque, formerly known as the "IBM-Marathon Tower," is Montreal's second-tallest skyscraper, with a roof height of 199 meters (without its spire), and a total height of 226.5 meters including the spire. The height definition follow ...

Cloverdale Mall Cloverdale Mall is a community shopping centre located in the Etobicoke district of Toronto, Ontario, Canada, at 250 The East Mall northeast of the intersection of Dundas Street West and Highway 427). It opened in 1956 as an open-air shopping pla ...

. *

Eastgate Square Eastgate Square is an indoor shopping mall in Stoney Creek, Hamilton, Ontario, Canada. The mall is bounded by Queenston Road (South), Centennial Parkway (East), Delawana Drive (North) and Kenora Avenue (West). The Mall is managed by '' Cushman ...

Eglinton Square Shopping Centre Eglinton Square Shopping Centre is an enclosed shopping mall in Toronto, Ontario, Canada, located at Eglinton Avenue East and Victoria Park Avenue in Scarborough's Golden Mile neighbourhood. It opened in 1953 as a strip plaza and was later conv ...

KPMG Tower The KPMG Tower, formerly ''Maison des Coopérants'' or ''Place de la Cathédrale'', is a 34-storey skyscraper in downtown Montreal, Canada, that was completed in 1987. It is at 600 de Maisonneuve Ouest and has an official height of . The buildi ...

North Hill Centre North Hill Centre is a shopping mall in Calgary, Alberta, Canada. It opened in 1958, and was Calgary's first shopping mall. The original anchor tenant was Simpsons-Sears (later Sears Canada), but it closed on January 8, 2018 and has since been re ...

Pen Centre Niagara Pen Centre (originally Niagara Peninsula Shopping Centre) is the largest shopping mall in the Niagara Region, located in St. Catharines, Ontario, Canada. History The Pen Centre was built in 1957 as the Niagara Peninsula Centre, a sing ...

* Richardson Building *

Sun Life Centre The Sun Life Centre in Toronto, Ontario (also known as 150 King Street West) was built in 1984 to house the Toronto operations of Sun Life Financial, serving as the insurance company's global headquarters until 2017. The Sun Life Financial Tower ...

* 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 The Apple Wolfe campus, also called Apple Campus 3 or AC3, and formerly called Central & Wolfe, is an office complex owned and occupied by Apple Inc., located in Sunnyvale, California. It is Apple's third large campus in Silicon Valley and was co ...

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