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Sun Life Buys Remaining BGO Stake for $1.2B

Announced
Real Estate ServicesAdd-on

Deal Overview

Sun Life Financial Services has acquired the remaining stake in BGO for $1.2 billion, taking whole ownership of the Miami Beach-based real estate investment firm. The purchase covers the remaining 44% interest that Sun Life did not already control.

Sun Life’s broader plan is to merge BGO with Bell Partners, a Greensboro multifamily investor with about $10 billion in assets under management and a portfolio of more than 70,000 apartments. The article also notes Sun Life is buying a 100% stake in Bell for $350 million, bringing Sun Life’s total spend on the merger to at least $1.6 billion.

Key Details

Transaction
Sun Life acquires BGO
Deal Size
Over $100M
Reported Value
$1.2 billion

Filed under

Source

Read full article on therealdeal.com

via The Real Deal — Miami · March 31, 2026

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