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 Sun Life Financial Inc. is a Canadian financial services company. It is primarily known as a life insurance company. Sun Life has a presence in investment management with over CAD$1.3 trillion in assets under management operating in a number o ...

. 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 ''Private Equity International'' (PEI) is a global insight, analysis and data provider for the private equity industry, with a core focus on the relationship between investors and fund managers: the LP-GP nexus. Launched in December 2001, the tit ...

) 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

. 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. 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 who are currently serving as Co-CEOs.

Investments

* 1250 René-Lévesque *

Cloverdale Mall Cloverdale Mall is a community shopping centre located in the Etobicoke area of Toronto, Ontario, Canada, at 250 The East Mall northeast of the intersection of Dundas Street West and Highway 427). It opened in 1956 as an open-air shopping plaza ...

. *

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 *

KPMG Tower The KPMG Tower, formerly ''Maison des Coopérants'' or ''Place de la Cathédrale'', is a 34-storey skyscraper in downtown Montreal, Canada, that was completed in 1987. It is at 600 de Maisonneuve Ouest and has an official height of . The buildin ...

* North Hill Centre *

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 * Sun Life Centre *

St. Vital Centre St. Vital Shopping Centre is a retail shopping mall located at 1225 St. Mary's Road, in Winnipeg, Manitoba, Canada. History The , built on , opened 17 October 1979 and is located by the intersection of St. Mary's Road and Bishop Grandin Boulev ...

* The Tenor * 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