BentallGreenOak is a real estate investment firm based in

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the ancho ...

and New York City. The firm is the real estate investment arm of Sun Life Financial. It is considered one of the largest real estate investment firms in North America. In 2022, the firm was ranked by PERE (under Private Equity International) as the seventh largest Private Equity Real Estate firm based on total fundraising over the most recent five-year period.

Background

BentallGreenOak is the result of a merger between two firms, Bentall Kennedy and GreenOak Real Estate that occurred in 2019. Bentall Kennedy was a Canadian real estate investment firm that was a subsidiary of Sun Life Financial. GreenOak Real Estate was an American private equity real estate firm established in 2010 with its seed capital being provided by the

Tetragon Financial Group Tetragon Financial Group Limited ("TFG") is a closed-ended investment company which is traded on the Euronext exchange in Amsterdam and on the Specialist Fund Segment of the main market of the London Stock Exchange. The firm's strategy is to prov ...

. In 2019, Sun Life Financial acquired a 56% stake in GreenOak Real Estate by paying $195 million in cash. Then Sun Life merged the two firms to form BentallGreenOak. Bentall Kennedy CEO, Gary Whitelaw would become CEO of the new entity. In 2020, Whitelaw resigned from his position as CEO and was replaced by GreenOak Real Estate co-founders, Sonny Kalsi and

John Carrafiell John Carrafiell is a Co-CEO of BentallGreenOak. Education Carrafiell received his B.A. from Yale University in 1987. Career Carrafiell joined Morgan Stanley in 1987 and held various management positions there from 1994 to 2009 including: Head o ...

who are currently serving as Co-CEOs.

Investments

1250 René-Lévesque 1250, boulevard René-Lévesque is a , 47-storey skyscraper in Montreal, Quebec, Canada. The building was designed by Kohn Pedersen Fox Associates for IBM Canada and Marathon Realty, hence the former name "IBM-Marathon Tower". It is now named ...

* Cloverdale Mall. *

Eastgate Square Eastgate Square is an indoor shopping mall in Stoney Creek, Hamilton, Ontario, Canada. The mall is bounded by Queenston Road (South), Centennial Parkway (East), Delawana Drive (North) and Kenora Avenue (West). The Mall is managed by ''Cushman ...

Eglinton Square Shopping Centre Eglinton Square Shopping Centre is an enclosed shopping mall in Toronto, Ontario, Canada, located at Eglinton Avenue, Eglinton Avenue East and Victoria Park Avenue in Scarborough, Toronto, Scarborough's Golden Mile, Toronto, Golden Mile neighbourh ...

* KPMG Tower *

North Hill Centre North Hill Centre is a shopping mall in Calgary, Alberta, Canada. It opened in 1958, and was Calgary's first shopping mall. The original anchor tenant was Simpsons-Sears (later Sears Canada), but it closed on January 8, 2018. History Opening ...

Pen Centre The Pen Centre (originally Niagara Peninsula Shopping Centre) is the largest shopping mall in the Niagara Region, located in St. Catharines, Ontario, Canada. History The Pen Centre was built in 1957 as the Niagara Peninsula Centre, a single- ...

Richardson Building Richardson Building may refer to: ;in Canada: * Richardson Building (Winnipeg) ;in New Zealand: *Richardson Building, a building of the University of Otago in Dunedin which houses the University of Otago Faculty of Law ;in the United States: *Ric ...

Sun Life Centre The Sun Life Centre in Toronto, Ontario (also known as 150 King Street West) was built in 1984 to house the Toronto operations of Sun Life Financial, serving as the insurance company's global headquarters until 2017. The Sun Life Financial Tower ...

* St. Vital Centre *

The Tenor The Tenor (formerly Metropolis, Toronto Life Square and 10 Dundas East) is a retail, office and entertainment complex development on the north-east corner of the intersection of Yonge Street and Dundas Street in Toronto, Ontario, Canada. The pro ...

* White Oaks Mall

Disputes

East End Capital and a pair of Australian investors filed a lawsuit against BentallGreenOak after they pulled out from a deal to purchase a Miami office tower. The court ruled in favour of BentallGreenOak resulting in East End Capital's side being required to pay back a $5.5 million deposit.

References

External links

* {{authority control Financial services companies established in 2019 Investment companies of the United States Investment companies of Canada Real estate companies of the United States Real estate companies of Canada Sun Life Financial