Sun Life Financial has completed its acquisition of Bell Partners, a leading U.S. multifamily real estate investment manager and vertically integrated property management business. The purchase price was US$350 million, with approximately 80% paid in Sun Life common shares. Bell Partners will continue to operate as a distinct, vertically integrated business under BGO and oversee the broader company's U.S. multifamily assets. The acquisition expands Sun Life's asset management capabilities in one of the largest and most resilient sectors of the U.S. real estate market. Bell Partners will retain its current leadership, property-level branding, office locations, investment vehicles and client focus.
Sun Life Financial Inc.Sun Life completed acquisition of Bell Partners for US$350 million, expanding asset management capabilities.