New York & Tri-State + Finance | February 26, 2021

American international group (aig) closes 5 billion dollar real estate traction to Blackstone Real Estate Income Trust

BentallGreenOak Adds Carlyle’s Metropolitan Real Estate to Platform

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.

Connect

Inside The Story

Connect With BentallGreenOak

About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints