Stably it is known that $(\mathbb Z\times BU)^{hC_2}\simeq \mathbb Z\times BO$ holds. The homotopy fixed point spectral sequence for KU with complex conjugation action can be completely calculated and spits out the 'correct homotopy' groups. But from that point of view this seems like a computational fact, using real Bott periodicity. If one uses the full genuine C_2-homotopy type of $KU$ then i think that one can also get the above equivalence without a priori knowledge of real Bott periodicity.
So i'm wondering how much calculational input this really needs and what happens unstably. There are of course models for $BU(n)$ with $BU(n)^{C_2}=BO(n)$, but what about the homotopy fixed points. Is there an equivalence $BU(n)^{hC_2}\simeq BO(n)$ ?