Thursday, April 1, 2021

BentallGreenOak Closes Deal to Acquire Metropolitan Real Estate Equity Management

 

 Sarah Schwarzschild


NEW YORK, NY — BentallGreenOak (BGO) announced today that it has closed on the acquisition of Metropolitan Real Estate Equity Management, LLC (Metropolitan) from global investment firm The Carlyle Group Inc. (NASDAQ:CG).

The deal combines BGO’s Core, Core Plus, Value Add and Debt strategies with Metropolitan’s integrated primary, secondary and co-investment real estate strategies, to create a combined and diversified real estate platform with approximately USD$55 billion in assets under management (as of December 31, 2020; pro forma for the acquisition of Metropolitan Real Estate Equity Management).

Sonny Kalsi

Within BGO’s real estate platform, Metropolitan will operate under the name BGO Strategic Capital Partners and will continue to benefit from the strength and depth of its existing leadership team 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,” said Sonny Kalsi, Chief Executive Officer of BentallGreenOak.

 “We are committed to investing the resources and capabilities of our global real estate platform to unlock the multiple drivers for growth and additional scale that we envision for this part of our business.

 John So

"BGO’s leadership team are thrilled to be working alongside Sarah Schwarzschild, John So, and the impressive team of investment professionals that they have assembled to build a market leader for the long term.”

“The transformation of Metropolitan Real Estate to BGO Strategic Capital Partners is 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,” said Schwarzschild and So, Co-Heads of BGO Strategic Capital Partners.

“We are joining a firm whose culture and entrepreneurial spirit is aligned with the values of our team and we look forward to building for the future with our new colleagues.”

 Contact:


David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

www.bentallgreenoak.com

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