BGO and Bell Partners Complete Transaction to Create a Leading U.S. Multifamily Platform
BGO, a leading global real estate investment manager, and Bell Partners, a premier U.S.-based multifamily investment and operating company, have
successfully completed their previously announced transaction.
Sun Life Financial Inc.’s acquisition of Bell Partners brings together two highly complementary platforms at a time when investor demand for institutional-quality multifamily exposure in the United States continues to grow. Together, BGO and Bell Partners now represent approximately US$100 billion of assets under management, strengthening their position as a global leader across both commercial and multifamily real estate.
Bell Partners will continue to operate as a distinct, vertically integrated business under BGO and oversee the broader company’s U.S. multifamily assets. Bell Partners will retain its company and property brands, existing leadership team, and focus on investment and property management, maintaining the operating model that has supported its long-standing success.
“This transaction expands our established U.S. multifamily platform, given Bell Partners’ extensive track record and highly experienced team,” said Amy Price, Co-President, BGO. “Together, we deepen our ability to provide institutional-quality access to a sector where we have strong conviction and see compelling long-term opportunities.”
“For 50 years, Bell Partners has built a culture based on relationships and results,” said Lili Dunn, CEO and President, Bell Partners. “Today marks the beginning of an exciting new chapter, one that strengthens our capabilities and expands our global reach while also preserving our legacy, team, and business platform. Together with BGO, we are well-positioned to continue to deliver long-term value for our residents, partners and associates.”
PJT Partners served as exclusive financial advisor to Sun Life and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel for the transaction. Morgan Stanley & Co. LLC acted as financial advisor and Hogan Lovells Cadwalader served as legal counsel to Bell Partners.