Green Street News: BGO's debut value-add fund in Canada eyes up to $900m in deals
BGO has completed the final close of its first Canadian value-add real estate fund, raising $247 million in equity exclusively from domestic institutional investors. The fund, named BentallGreenOak Canadian Value-Add, leverages additional capital and co-investments to target up to $900 million in acquisitions, primarily across multi-residential and industrial sectors in key urban growth areas.
The strategy is spearheaded by Chetan Baweja, with support from Christina Iacoucci and a ten-member investment committee. Four investments have already been made in Vancouver, the Greater Toronto Area, Hamilton, and Montréal, including a rental development in Coquitlam, B.C. The initiative underscores BGO’s deep roots in the Canadian market and aims to unlock new opportunities for institutional partners seeking strong returns.
