BentallGreenOak has agreed to acquire Metropolitan Real Estate Equity from The Carlyle Group. Terms weren’t disclosed. The deal adds Metropolitan’s integrated primary, secondary and co-investment real estate platform, with more than US$2.4 billion in assets under management, to BentallGreenOak’s business.
The combination of BentallGreenOak and Metropolitan is poised to bring together two platforms with distinct and highly complementary real estate investment strategies, the two New York-based companies said Thursday.
“Our shared, positive outlook on the growth potential for secondary and co-investment opportunities in the commercial real estate market further cements our commitment to integrating this business into our platform and growing it into a global leader for the long term,” said BentallGreenOak CEO Sonny Kalsi.
He continued, “We are confident that the cultural alignment and history of strong relationships we share with Metropolitan’s senior management team makes this deal a seamless fit for both firms.”
Pictured: BentallGreenOak offices at 399 Park Ave.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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