📜 Post with us on Reddit
📝 Create a new article
🏭 Create a company page
🇬🇧 - in English
🇫🇷 - en Français (FR)
🇵🇹 - em Português (PT)
🇩🇪 - auf Deutsch (DE)
🇯🇵 - 日本語で (JA)
Sponsored articles

You can edit almost every page by Creating an account and confirming your email.

BentallGreenOak

From EverybodyWiki Bios & Wiki

BentallGreenOak
Subsidiary
ISIN🆔
IndustryPrivate equity real estate
Founded 📆1 July 2019; 6 years ago (2019-07-01)[1]
Founder 👔
Headquarters 🏙️
Number of locations
28 offices
Area served 🗺️
💎 AUMUS$83 billion (December 31, 2022)
Members
Number of employees
1,231 (2021)[2]
ParentSun Life Financial
🌐 Websitewww.bentallgreenoak.com
📇 Address
📞 telephone
Footnotes / references
[3]

BentallGreenOak is a real estate investment firm based in Toronto and New York City. The firm is the real estate investment arm of Sun Life Financial.[4] It is considered one of the largest real estate investment firms in North America.[5]

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.[6]

Background

Bentall Kennedy and GreenOak Real Estate merged to form BentallGreenOak in 2019.[1][7][8][9]

Bentall Kennedy was a Canadian real estate investment firm that was a subsidiary of Sun Life Financial[7][8] and 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.[10]

In 2019, Sun Life Financial acquired a 56% stake in GreenOak Real Estate by paying $195 million in cash.[8] Then Sun Life merged the two firms to form BentallGreenOak. Bentall Kennedy's CEO, Gary Whitelaw became CEO of the new entity.[1][7][9]

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.[10][11][12]

Investments

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.[22] The court ruled in favour of BentallGreenOak resulting in East End Capital's side being required to pay back a $5.5 million deposit.[22]

References

  1. ↑ 1.0 1.1 1.2 "BentallGreenOak Announces Closing of Merger Forming a Leading Global Real Estate Investment Platform". Financial Post. 2 July 2019.
  2. ↑ "2022 Corporate Responsibility Report – GRI Disclosures" (PDF). Archived from the original (PDF) on 2022-10-10. Retrieved 2023-08-10.
  3. ↑ "Form ADV" (PDF). SEC. Retrieved 24 November 2022.
  4. ↑ "Sun Life Financial completes acquisition of BentallGreenOak". businesschief.com. 19 May 2020.
  5. ↑ "Forest Recovery Canada | Bentall Green Oak". Forest Recovery Canada. Retrieved 2022-10-10.
  6. ↑ "The PERE 100 bounces back" (PDF). Harrison Street. 2022.
  7. ↑ 7.0 7.1 7.2 "The Bentall GreenOak merger was 'like two puzzle pieces coming together' | PERE". 2021-01-18. Archived from the original on 2021-01-18. Retrieved 2022-10-10.
  8. ↑ 8.0 8.1 8.2 "Sun Life to merge Bentall Kennedy real estate business with GreenOak". Investment Executive. 2018-12-19. Retrieved 2022-10-10.
  9. ↑ 9.0 9.1 Baba2018-12-19T13:49:00+00:00, Razak Musah. "Bentall Kennedy and GreenOak merger creates $47bn global real estate platform". Real Assets. Retrieved 2022-10-10.
  10. ↑ 10.0 10.1 "Ex-M.Stanley bankers launch new property venture". Reuters. 2010-08-02. Retrieved 2022-10-10.
  11. ↑ "John Carrafiell Appointed as co-CEO and Board Director for BentallGreenOak". markets.businessinsider.com. Retrieved 2022-10-10.
  12. ↑ "BentallGreenOak plans senior leadership change – Exclusive | PERE". 2020-08-03. Archived from the original on 2020-08-03. Retrieved 2022-10-10.
  13. ↑ "BentallGreenOak acquires Montréal skyscraper 1250 René-Lévesque". www.lexpert.ca. Retrieved 2022-10-10.
  14. ↑ "Eastgate mall under new ownership". The Hamilton Spectator. 2013-12-24. ISSN 1189-9417. Retrieved 2022-10-10.
  15. ↑ "Groupe Petra and Groupe Mach Team Up To Buy Montreal's KPMG Tower". www.costar.com. Retrieved 2022-10-10.
  16. ↑ "Permanent Leasing". North Hill Centre. 2018-10-28. Retrieved 2022-10-10.
  17. ↑ "FOREVER GREEN". www.thepencentre.com. Retrieved 2022-10-10.
  18. ↑ "Richardson Centre Limited". James Richardson & Sons, Limited. Retrieved 2022-10-10.
  19. ↑ "Contact – 150 King West". Retrieved 2022-10-10.
  20. ↑ International, Retail & Leisure (2021-01-15). "BentallGreenOak Welcomes Two New Regional Assets to Portfolio". Retail & Leisure International. Retrieved 2022-10-10.
  21. ↑ "Bentall Kennedy acquires shopping centre portfolio from CPPIB". Building. 2013-12-19. Retrieved 2022-10-10.
  22. ↑ 22.0 22.1 Bushor, Alison (2021-05-05). "BentallGreenOak Wins $6M Over Failed Miami Office Tower Deal". The Real Deal South Florida. Retrieved 2022-10-10.

External links


This article "BentallGreenOak" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:BentallGreenOak. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.

Page kept on Wikipedia This page exists already on Wikipedia.

Retrieved from "https://en.everybodywiki.com/index.php?title=BentallGreenOak&oldid=5098980"
License CC BY-SA 3.0
Powered by MediaWiki