BentallGreenOak, which uses the trade name BGO, is a real estate investment firm headquartered in
Miami,
Florida. The firm is the real estate investment arm of
Sun Life Financial.[4] It is considered one of the largest real estate investment firms in North America.[5]
In 2022, the firm was ranked by PERE (under Private Equity International) as the seventh largest Private Equity Real Estate firm based on total fundraising over the most recent five-year period.[6]
History
Bentall Kennedy and GreenOak Real Estate merged to form BentallGreenOak in 2019.[1][7][8][9]
Bentall Kennedy was a Canadian real estate investment firm that was a subsidiary of
Sun Life Financial[7][8] 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.[10]
In 2019, Sun Life Financial acquired a 56% stake in GreenOak Real Estate by paying $195 million in cash.[8] Then Sun Life merged the two firms to form BentallGreenOak. Bentall Kennedy's CEO, Gary Whitelaw became CEO of the new entity.[1][7][9]
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.[10][11][12]
In September 2023, BGO introduced move-in-ready offices for
SME tenants seeking flexibility in
hybrid work arrangements.[13]
BGO has recently been building its US commercial real estate lending platform.[14]
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.[24] 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.[24]
^Plavajka, Randy (February 2, 2023).
"BentallGreenOak's singular focus". Real Estate Capital USA.
Archived from the original on September 29, 2023. Retrieved January 22, 2024.