Newly Formed BGO Industrial REIT Acquires Interest In 9.4M SF Portfolio

July 16, 2023 | Dees Stribling | Bisnow National

BGO Industrial Real Estate Income Trust, a nontraded REIT formed by investment management firm BentallGreenOak, acquired an interest in a 9.4M SF industrial “seed portfolio” of 29 buildings in the Midwest.

BGO IREIT launched July 12 with an initial stock offering of $5B in common stock shares of various classes. The company will be an industrial REIT, though not publicly traded, that will invest mostly in warehouse and logistics assets in the United States, though it will also invest in real estate debt and real estate-related securities.

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