BGO and Bell Partners Form Strategic Alliance Following $350M Acquisition

Sun Life Financial acquires Bell Partners for $350 million, merging it into the BGO platform to create a global real estate powerhouse with over $100 billion in AUM.

By: AXL Media

Published: Apr 1, 2026, 10:59 AM EDT

Source: https://www.multihousingnews.com/

Scale and Global Reach

The combination of BGO and Bell Partners will create a global real estate investment and management behemoth with more than $100 billion in assets under management (AUM). This merger is part of a broader consolidation strategy by Sun Life, which recently completed the purchase of the remaining equity interests in both BGO (paying $1.2 billion for a 44% stake) and Crescent Capital Group ($608 million for a 49% stake).

Operational Structure: Standalone Integration

Despite the merger, Bell Partners will continue to operate as a standalone, vertically integrated platform within the BGO ecosystem. Key organizational details include:

Leadership: The current Bell Partners leadership team will remain in place.

Responsibility: The team retains full control over investment strategy, execution, and property management performance.