BGO announces $247 million capital raise for its inaugural Canadian Value-Add Real Estate Strategy
Toronto (July 24, 2025) – BGO today announced the successful final close of its BentallGreenOak Canadian Value-Add LP (the “Canadian Value-Add Strategy”), securing C$247 million in capital commitments, including co-investment capital. This represents BGO’s first value-add real estate strategy in Canada, tailored to help meet growing investor demand for higher return strategies across Canada’s largest, growth-oriented markets.
The Canadian Value-Add Strategy received strong support from nine institutional investors made up of financial institutions, insurance companies, and corporate and university pension plans. All capital was raised domestically, underscoring investor confidence in BGO’s Canadian platform and execution capabilities in the value-add space.
“Our Canadian Value-Add Strategy offers a differentiated investment strategy that reflects BGO’s deep roots and long-standing commitment to the Canadian real estate market,” said Christina Iacoucci, Head of Canada, BGO. “This strategy is purpose-built for institutional investors seeking the next wave of value creation in key growth corridors across the country.”
The Canadian Value-Add Strategy seeks to capitalize on growth opportunities in Canada’s top real estate sectors and markets by utilizing a hands-on asset management approach and best in class operating principles. The strategy currently provides exposure to a mixture of multi-residential and industrial assets, with four investments completed to date in Vancouver, Greater Toronto and Hamilton, and Montreal. Its early activity highlights BGO’s ability to unlock value amid shifting market conditions.
“The Canadian Value-Add Strategy benefits from a data-driven strategy, our extensive local networks, and a relentless focus on proactive management—all hallmarks of BGO’s approach in markets where we have deep experience and institutional-grade asset management capabilities,” said Chetan Baweja, Managing Director, Head of Canadian Value-Add and Separately Managed Accounts Platform, BGO. “The strength of BGO’s global investment platform and our dedicated Canadian value-add team positions us advantageously to act decisively on opportunities for our partners.”
Powered by BGO’s fully vertically integrated platform, the Canadian Value-Add strategy benefits from in-house capabilities spanning research, property management, leasing, and development. This end-to-end integration enables execution across the asset lifecycle. A majority of the Canadian Value-Add Strategy’s transactions to date were sourced off-market — an important differentiator derived from BGO’s national presence, trusted relationships, and reputable bidder status in competitive markets.
The Canadian Value-Add Strategy is led by Chetan Baweja (Head of Canadian Value-Add and SMA Platform), and further benefits from decades of real estate expertise from Christina Iacoucci (Head of Canada) and its 10-person investment committee, comprised of BGO’s most senior Canadian and global leadership members.
About BGO
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 with approximately $86 billion USD of assets under management (as of March 31, 2025) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 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.
The assets under management shown above includes real estate equity and mortgage investments managed by the BGO group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.
For more information, please visit www.bgo.com
Media Contact
Shayla Schipper
Director of Communications
shayla.schipper@bgo.com
