BentallGreenOak has acquired Metropolitan Real Estate Equity Management from the Carlyle Group. The deal brings CAD $2.5 billion in mostly value-add and opportunistic assets into BGO’s fold of core, core-plus and value-add equity holdings and mortgage investments for a combined total of approximately CAD $69 billion in assets under management. The newly acquired entity will operate as BGO Strategic Capital Partners, and retain its current leadership team based in New York, Hong Kong and London.
“Through the creation of BGO Strategic Capital Partners, we are drawing on the exceptional capabilities of a global market leader in the secondaries and co-investment markets to offer a further diversified range of global investment strategies and opportunities for our clients around the world,” says Sonny Kalsi, BentallGreenOak’s chief executive officer.
Sarah Schwarzschild and John So, both managing directors with Metropolitan Real Estate Equity Management, will serve as co-heads of the new entity — calling it “the start of a very exciting new chapter that extends the global reach of our strategies and brings an infusion of new resources and capabilities to further strengthen our offerings to investors.”