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:
BGO NYC portfolio
$1.9 billion -office 56%, elevator 27%, hotel 7%; Manhattan 92%, Brooklyn 7%*
117th largest portfolio by dollar value
2,657,896 sqft – office 46%, elevator 34%, hotel 8%; Manhattan 89%, Brooklyn 10%
177th largest by SF
10 properties – Manhattan 54%, Brooklyn 45%
1030th largest
1,179 residential units – Manhattan 74%, Brooklyn 25%
302th largest by residential units
1 foreclosure, 0 bankruptcies, 0 other court cases.
Other Links:
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
Top Ten Associated Companies:
Quantum Pacific Group (2), Metro Loft Management (1), Sixth Street Partners (1), AYA Acquisitions (1), Avi Hiaeve (1), Javeri Capital (1), Heitman LLC (1), Dermot Company (1), USAA Real Estate (1), PGGM (1)
Top Ten Associated People:
Nathan Berman (1), Heather Lockhart (1), Amir Shriki (1), Avi Hiaeve (1), Atit Javeri (1), Marco P. Caffuzzi (1), Andrew Levison (1), Brad Cohen (1), Mario Barraza (1), Dennis Haydel (1)
Recent activity as company:
• Quinlan Development Group borrowed $10.3 million from JLL for None on February 19, 2026.
• Highgate Hotels and BGO borrowed $116.6 million from Sixth Street Partners for 50 East 29 Street on February 04, 2026.
• BGO and Multi-Employer Property Trust sold 101 Greenwich Street for $105 million to Quantum Pacific Group and Metro Loft Management on January 20, 2026.
• BGO sold 765 3 Avenue for $173.1 million to New York Life Insurance Company on October 20, 2025.
• BentallGreenOak and Slate Property Group borrowed $241 million from Capital One for 423 East 53 Street on July 30, 2025.
• BentallGreenOak and Multi-Employer Property Trust sold 101 Greenwich Street for $0 to Quantum Pacific Group on January 28, 2025.
• RXR Realty and Blackstone Group borrowed $900 million from Morgan Stanley, Deutsche Pfandbriefbank, Alabama One Asset Management, MetLife, Aozora Bank, Sun Life Assurance Company of Canada, Woori Bank and Blackstone Group for 259 11 Avenue on December 24, 2024.
• Tokyu Land Corporation, L&L Holding Company and BentallGreenOak borrowed $484 million from Sumitomo Mitsui Trust Bank for 111 East 55 Street on March 29, 2024.
• BentallGreenOak sold 7 East 59 Street for $26.7 million to Avi Hiaeve on February 28, 2024.
• BentallGreenOak sold 125 Riverside Drive for $31 million to AYA Acquisitions on January 30, 2024.
Latest Stories:
• Quinlan Development signs $10.3M refi with JLL for 51-unit rental in UWS (February 26, 2026)
• Highgate, BGO sign $116.6M refi with Sixth Street for two properties in NoMad (February 18, 2026)
• Metro Loft, Quantum file DOB plans for 614 units in FiDi conversion (December 26, 2025)
• BGO signs $241M refi with Capital One for 394-unit rental in Sutton Place (August 08, 2025)
• RXR, Blackstone sign $900M modification to 2018 Starrett-Lehigh loan (January 06, 2025)
Court Records:
Properties: