BGO

(NewTower Trust Company, Sun Life Assurance Company of Canada, BentallGreenOak)

Owner

Private Equity

399 Park Avenue 18th Floor New York, NY 10022

555 Washington Avenue Suite 240 Miami Beach, FL 33139

People:

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BGO NYC portfolio

$1.9 billion -office 56%, elevator 27%, hotel 7%; Manhattan 92%, Brooklyn 7%*

115th largest portfolio by dollar value

2,657,896 sqft – office 46%, elevator 34%, hotel 8%; Manhattan 89%, Brooklyn 10%

179th largest by SF

10 properties – Manhattan 54%, Brooklyn 45%

1028th largest

1,179 residential units – Manhattan 74%, Brooklyn 25%

292th largest by residential units

1 foreclosure, 0 bankruptcies, 0 other court cases.

Notes

Website: NewTower was established as a Maryland trust company to enable it to manage the BentallGreenOak’s Multi-Employer Property Trust (“MEPT”) Fund, a large core real estate fund and bank collective trust. Name changed to BGO in 2024. Sun Life Assurance Company of Canada acquired a majority of BGO in 2019.

Company Activity past 24 months:

Seller company: 3 for $278.1 million

Borrower company: 2 for $357.6 million

Lender company: 1 for $900 million

Latest Stories:

• Quinlan Development signs $10.3M refi with JLL for 51-unit rental in UWS (February 26, 2026)

• Diamond, watch dealer Avi Hiaeve signs $19M refi loan with Genesis LLC for office in Lenox Hill (February 25, 2026)

• Highgate, BGO sign $116.6M refi with Sixth Street for two properties in NoMad (February 18, 2026)

• Quantum Pacific, Metro Loft’;s $105M FiDi purchase, $218M conversion loan hit public records (January 28, 2026)

• Metro Loft, Quantum file DOB plans for 614 units in FiDi conversion (December 26, 2025)

• New York Life acquires Midtown East office from BGO by deed-in-lieu valued at $173.1M (October 31, 2025)

• BGO signs $241M refi with Capital One for 394-unit rental in Sutton Place (August 08, 2025)

• Idan Ofer’;s Quantum Pacific signs contract to buy FiDi office from BentallGreenOak (February 10, 2025)

• RXR, Blackstone sign $900M modification to 2018 Starrett-Lehigh loan (January 06, 2025)

• Tokyu, L&;L, BGO sign $484M loan with Sumitomo Mitsui Trust in Midtown East, part of $911M deal (April 15, 2024)

Court Records:

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Properties:

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