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Latham & Watkins Advises The Carlyle Group in its Sale of Metropolitan Real Estate Equity, LLC to BentallGreenOak

February 25, 2021
A multidisciplinary team represents global investment firm in the transaction.

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.