BentallGreenOak agrees to acquire Metropolitan Real Estate E

BentallGreenOak agrees to acquire Metropolitan Real Estate Equity


BentallGreenOak agrees to acquire Metropolitan Real Estate Equity
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BentallGreenOak is acquiring The Carlyle Group's real estate secondary market business, Metropolitan Real Estate Equity, a news release said.
Terms of the deal are not being disclosed. The transaction is expected to close in the first half of 2021.
The deal is subject to customary closing conditions, including required LP consents, said Rahim Ladha, BentallGreenOak spokesman, in an email.
BentallGreenOak is a real estate money manager and asset manager with roughly $53 billion in assets under management as of Dec. 31. The firm does not currently offer a secondary markets strategy, Mr. Ladha said.

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