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BGO, Bell Partners combine to create a leading U.S investment management business
Transactions - MARCH 31, 2026

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BGO, Bell Partners combine to create a leading U.S investment management business

by Andrea Zander

BGO and Bell Partners have entered into an agreement to combine their businesses to deepen their position as a leader across both the commercial and multifamily sectors, following the recent acquisition of Bell Partners by Sun Life Financial, BGO’s parent company.

The transaction is expected to close in the second half of 2026, subject to receipt of regulatory and Toronto Stock Exchange approvals and satisfaction of customary closing conditions. Upon closing, the combined global real estate business of BGO and Bell Partners will represent more than $100 billion of assets under management.

The opportunity brings together two complementary platforms at a time when investor demand for institutional-quality multifamily exposure in the United States continues to grow, supported by resilient housing fundamentals and structural undersupply.

Upon closing, Bell Partners will continue to operate as a distinct, vertically integrated business under BGO and will oversee th

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