BentallGreenOak invests $400m in White Oak partnership, with plans to acquire $1b of multifamily assets

White Oak Partners announced that BentallGreenOak (BGO), a global real estate investment management adviser, acting on behalf of institutional investors, has committed $400 million of equity to form a strategic partnership that, with leverage and equity from White Oak, intends to acquire more than $1 billion of multifamily assets.

At closing, the venture recapitalized two multifamily communities owned by White Oak, which will be followed shortly by an additional two communities that are under contract, plus future investment opportunities.  The initial four deals are high-quality, newer-vintage multifamily communities in White Oak’s target markets, generally defined as desirable suburban and infill locations in large secondary U.S. metropolitan statistical areas that have resilient economies and magnetic growth potential. The assets generate consistent cash flow and offer the potential for strong appreciation over a long-term investment horizon.

“We are very pleas