BentallGreenOak has announced the signing of an agreement to acquire Metropolitan Real Estate Equity, LLC (Metropolitan) from global investment firm The Carlyle Group Inc. (NASDAQ: CG). The deal adds Metropolitan’s integrated primary, secondary, and co-investment real estate platform, with over US$2.4 billion (as of December 31, 2020) in assets under management, to BentallGreenOak’s business to deliver further diversified investment strategies and enhanced global market presence for a leading, global real estate investment management advisor, and a globally recognized provider of real estate services.
Latham & Watkins LLP represents the Carlyle Group Inc. in the transaction with a corporate deal team led by Washington, D.C. partner David Dantzic, with New York associate Trevor Kim. Advice was also provided on fund-related matters by Washington, D.C. partner Barton Clark and Chicago partner Nabil Sabki, with Washington, D.C. associates Loyal Horsley and Kaan Ulgen; on tax matters by Washington, D.C. partner Cheryl Coe, with Washington, D.C. associate Pierce Pandolph; on benefits and compensation matters by Washington, D.C. partner David Della Rocca; and on intellectual property matters by Washington, D.C. associate Morgan Brubaker.
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