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New York & Tri-State   /   April 2, 2021

Paul Bubny
By: Paul Bubny

BentallGreenOak Closes on Deal for Metropolitan Real Estate

BentallGreenOak (BGO) has closed on the acquisition of Metropolitan Real Estate Equity Management, LLC from The Carlyle Group. 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 $55 billion in assets under management globally.

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, CEO of BGO.

Pictured: BentallGreenOak offices at 399 Park Ave.

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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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