BGO has secured $247m in capital commitments for its debut Canadian value-add real estate fund.
The manager said the commitments for its BentallGreenOak Canadian Value-Add fund, along with co-investment capital, were secured from nine domestic institutional investors consisting of financial institutions, insurers and corporate and university pension plans.
The strategy, which targets multi-residential and industrial assets, has so far made four investments in Vancouver, Greater Toronto and Hamilton and Montreal.
Christina Iacoucci, head of Canada, BGO, said: “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.
“This strategy is purpose-built for institutional investors seeking the next wave of value creation in key growth corridors across the country.”
Chetan Baweja, MD, head of Canadian value-add and separately managed accounts platform, BGO, said: “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.”
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