Corporate overview

BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients, and had, together with Bell Partners Inc., which was acquired by Sun Life and combined with BGO on July 2, 2026, approximately US$100 billion of assets under management (as of June 30, 2026) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in more than 25 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.

Effective July 1, 2019, GreenOak Real Estate merged with Bentall Kennedy real estate investment management platform and now operates as BGO through various legal entities on a global basis. Accordingly, with respect to historical information prior to July 1, 2019, including but not limited to performance data, AUM, location, years of experience and industry recognition, such information is presented herein with respect to the businesses previously operated by each of GreenOak and Bentall Kennedy respectively.

Sector forecasts

INDUSTRIAL: 

  • Favor modern industrial and logistics assets in infrastructure-rich, supply-constrained markets, including infill, port and intermodal locations.
  • The construction pipeline is receding, while e-commerce, manufacturing, third-party logistics and regional supply chains support leasing demand.
  • Prioritize transportation access, deliverable power, automation capability, labor availability and proximity to customers.

OFFICE: 

  • Remain selective: high-quality office space is recovering ahead of the broader sector, while obsolete inventory continues to face challenges.
  • Focus on prime or repositionable assets in established markets with strong transit, amenities, energy performance and surrounding infrastructure.
  • Underwrite acquisition basis and required capital expenditures carefully, including tenant improvements and building systems.

RESIDENTIAL: 

  • Favor housing markets with diversified employment, durable income growth, barriers to development and shrinking construction pipelines relative to demand.
  • Rental demand remains supported by elevated homeownership costs, although recently overbuilt markets require additional absorption.
  • Prioritize disciplined operations, including control of insurance, taxes, utilities, repairs and concessions; consider senior housing and selective student housing where demographics or enrollment support demand.

RETAIL: 

  • Favor necessity-, grocery-, discount- and service-oriented retail in supply-constrained trade areas; select premium experiential locations may also benefit.
  • Limited new development supports occupancy, but discretionary retail remains vulnerable to pressure on lower- and middle-income consumers.
  • Underwrite local incomes, tenant productivity, occupancy costs, lease structures and future capital needs.

DATA CENTERS:

  • Favor projects with secured, deliverable power and credible interconnection schedules. Assess tenant credit, cooling, fiber, construction execution and capital requirements; avoid speculative land without a viable power path.

LIFE SCIENCES:

  • Remain selective as speculative laboratory supply is absorbed; favor build-to-suit and pre-leased opportunities over undifferentiated space.

SPECIALIZED HOUSING:

  • Senior housing benefits from aging demographics; student housing requires financially sound institutions, stable enrollment and controlled supply. Operating capability is critical.

SPECIAL SITUATIONS AND CRE CREDIT:

  • Special Situations and CRE Credit: Pursue select recapitalizations, preferred equity and structured lending where sound collateral, capable sponsors and protective terms support attractive risk-adjusted returns.

Investment principles & strategy

Built on Values. Committed to Excellence.

At BGO, our values guide how we work for our clients with integrity, transparency, and a long-term mindset. We always strive for excellence while building lasting trust. These principles are the guiding force for how we fulfill the mandates we’ve been entrusted with.

Client Relationships

We form lasting, trust-based relationships with our clients that go to the heart of understanding their purpose and goals.

Sustainability Leadership

BGO strives to lead by example in sustainable investing, incorporating industry best practices across its global portfolio and demonstrating a commitment to strong environmental, social, and governance (ESG) performance. 

Client and Partner Alignment

Significant ownership of the business by our leadership and employees alongside Sun Life’s capital commitment, ownership, and sponsorship, solidify our long-term focus and our commitment to an approach that prioritizes alignment with our clients and investors as valued partners.

Finding Value and Delivering Performance

We relentlessly pursue value creation and the best risk-adjusted investment opportunities in the global markets where we operate. BGO’s diverse real estate investment platform is built to drive performance and meet our clients’ varied needs.

Local Expertise

Spanning 25 offices and 12 countries, our local market knowledge and experience combined with an entrepreneurial spirit for identifying and delivering value is how we create important advantages for our clients.

Strategic corporate development

Global Platform with Diverse Strategies

  • Global concentration in gateway markets
  • Investing based on demographics and long-term secular demand drivers
  • Focus on industrial and logistics sectors globally, alongside diversified real estate equity and debt strategies

Strategic Perspective

  • Pricing visibility across equity and debt capital markets
  • Valuation insight across products and geographies
  • Real-time knowledge of global capital flows

Deep Relationships and Capabilities

  • Locally integrated, sector-focused asset management teams with deep market knowledge and extensive management experience
  • Strong track record of managing properties and enhancing long-term value through NOI growth and operational excellence

Research and Data Driven

  • Fundamentals-driven investment strategies
  • In-house, AI-powered research surfaces emerging opportunities
  • Real-time market data informs pricing and buy / sell / hold decisions
  • Product-specific tactics and targeted execution of asset business plans

Regional Pricing Opportunities

  • Identifying attractive entry points through market dislocations, discounted pricing, and asset repositioning opportunities

Performance verification 

Quarterly performance data is based on unaudited financials; annual performance at year-end is based on audited financials. BGO engages third-party administrators to provide accounting services. The administrators maintain the books on a quarterly basis and deliver to BGO a comprehensive NAV reporting package and partner capital roll-forward.

COMPLIANCE STATEMENT

BGO includes BentallGreenOak (Canada) Limited Partnership, BentallGreenOak (U.S.) Limited Partnership (“BGO U.S.”), their worldwide subsidiaries, and the real estate and commercial mortgage investment groups of certain of their affiliates, all of which comprise a team of real estate professionals spanning multiple legal entities. BGO assets under management shown here include real estate equity and mortgage investments managed by the BentallGreenOak group of companies and their affiliates. This data is for informational purposes only and does not constitute an offer to sell or solicitation of an offer to buy units in any BGO fund. All the information presented herein is subject to, superseded and qualified in its entirety by, the more complete information contained in the products offering documents.