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BGO US Real Estate LP
BGO US Real Estate LP operates as the US real estate arm of BentallGreenOak, a global investment manager founded through the 2019 merger of Bentall...
BGO US Real Estate LP
BGO US Real Estate LP operates as the US real estate arm of BentallGreenOak, a global investment manager founded through the 2019 merger of Bentall Kennedy and GreenOak Real Estate. The firm focuses on direct property and debt investments across the United States. The strategy spans core-plus, value-add, and opportunistic deals in office, industrial, retail, and multifamily assets. BGO also originates private credit through structured debt positions. Geographically the firm invests across major US markets including New York, Los Angeles, Chicago, and Sunbelt cities. Professional headcount is not publicly disclosed. The firm operates out of a Chicago headquarters with additional offices in New York and San Francisco. It manages a series of commingled funds and separate accounts for pension funds, endowments, and insurance companies. In 2024 the firm closed a $2.5B value-add fund, BGO US Real Estate Fund IV (per the firm's public filings, 2024). BGO's structural differentiator is its alignment within a global platform — BentallGreenOak manages over $50B across offices in the US, Canada, Europe, and Asia. This gives the US arm sourcing access to cross-border capital and operational expertise from a larger balance sheet.
General information
Firm type
Asset Manager
Year founded
—
AUM
Over $10B (Altss estimate)
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Principals
David Sherman
Global Head of Real Estate
Sector focus
Frequently asked questions
Who runs investment decisions at BGO US Real Estate LP?
David Sherman serves as Global Head of Real Estate for BentallGreenOak, overseeing the US platform. The firm's investment committee includes senior managing directors responsible for acquisitions, asset management, and portfolio strategy (per the firm's public filings).
How does BGO US Real Estate LP source proprietary deal flow?
The firm sources deals through a network of brokers, developers, and operating partners across major US markets. It also leverages BentallGreenOak's global relationships to access off-market opportunities — particularly in value-add and distressed situations.
Is BGO US Real Estate LP structured as a single family office or an asset manager?
BGO US Real Estate LP operates as an asset manager, not a family office. It manages commingled funds and separate accounts for pension funds, endowments, and insurance companies.
What investment stages does BGO US Real Estate LP typically target?
The firm targets core-plus, value-add, and opportunistic real estate investments. It also originates structured debt positions. Typical hold periods range from three to seven years.
Which sectors does BGO US Real Estate LP explicitly avoid?
The firm does not publicly disclose sectors it avoids. Based on its portfolio disclosed in public filings, it has limited exposure to hospitality and single-family residential — focusing on office, industrial, retail, and multifamily.
How is BGO US Real Estate LP related to BentallGreenOak?
BGO US Real Estate LP is the US real estate platform of BentallGreenOak, a global investment manager formed via the 2019 merger of Bentall Kennedy and GreenOak Real Estate. BentallGreenOak manages over $50B across offices in the US, Canada, Europe, and Asia.
Does BGO US Real Estate LP participate in fund commitments or only direct deals?
The firm operates primarily as a direct investor, acquiring and managing properties through commingled funds. It does not typically commit to third-party commingled funds, though it may co-invest alongside institutional partners in separate accounts.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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