RENX: BGO acquiring assets with new $247M Canadian fund
BGO has closed its inaugural Canadian Value‑Add LP, securing C$247 million in capital from nine Canadian institutional investors. This marks BGO’s first dedicated value‑add fund in Canada, launched to meet rising demand for higher‑return real estate strategies in the country’s top growth markets. With leverage and co‑investments, the fund aims to deploy up to C$900 million in acquisitions, focusing on assets with strong upside potential.
To date, BGO has completed four acquisitions across Montréal, the Greater Toronto Area/Hamilton, and Metro Vancouver. These include industrial and residential assets, notably a purpose‑built rental project in Coquitlam with Anthem Properties. The fund’s strategy emphasizes industrial and multi‑family assets, with select interest in retail, office, student housing, and conversions. BGO applies a data‑driven, vertically integrated model across leasing, development, operations, and research, aiming to unlock value over a 3–5-year hold.
