AcquisitionsJul 2, 2026, 04:03 PM
Sun Life Completes Acquisition of Bell Partners for $350M
AI Summary
Sun Life Financial Inc. has completed its acquisition of Bell Partners Inc., a leading U.S. multifamily real estate investment manager. The purchase price for 100% interest in Bell Partners was US$350 million, with approximately 80% paid in Sun Life common shares. This acquisition is expected to expand Sun Life's asset management capabilities within the U.S. real estate market, with Bell Partners continuing to operate as a distinct business under BGO, a part of SLC Management.
Key Highlights
- Sun Life completed the acquisition of Bell Partners Inc.
- Purchase price was US$350 million.
- Approximately 80% of the purchase price was paid in Sun Life common shares.
- Bell Partners will operate as a distinct, vertically integrated business under BGO.
- The acquisition expands Sun Life's asset management capabilities in U.S. multifamily real estate.
- Bell Partners manages approximately 65,000 apartment homes across 12 U.S. regions.
- Sun Life had total assets under management of $1.58 trillion as of March 31, 2026.
- SLC Management, part of Sun Life, had US$308 billion in AUM as of March 31, 2026.
Price Impact
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