BentallGreenOak is a privately held real estate investment management firm that operates as the real estate subsidiary of Sun Life Financial. The company was formed on July 1, 2019, through the merger of Bentall Kennedy and GreenOak Real Estate, creating a global platform with approximately $100 billion in assets under management as of June 30, 2026. This total includes Bell Partners, which Sun Life acquired and combined with BGO on July 2, 2026. The firm manages office, industrial, multi-residential, retail, and hospitality properties across North America, Europe, and Asia. BGO operates through multiple specialized platforms including Bell Partners for U.S. multifamily, BGO Strategic Capital Partners for secondaries and co-investments, BGO Cold Chain for temperature-controlled logistics, BGO DataCenters for European data infrastructure, and Welput for London office investment and development. The firm serves more than 750 institutional clients including pension plans and insurance companies. In 2025, PERE ranked BGO as the fourth-largest private equity real estate firm globally based on five-year fundraising. In May 2025, BGO raised $4.6 billion for its BGO Asia Fund IV targeting Japan. The firm employs approximately 1,400 people across more than 25 offices in 12 countries. Geographic exposure is concentrated in North America at approximately 85% of operations, with additional presence in the United Kingdom, Spain, Italy, France, Germany, Netherlands, Belgium, Norway, and Japan.