{"id":572793,"date":"2026-03-31T11:47:10","date_gmt":"2026-03-31T11:47:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/572793\/"},"modified":"2026-03-31T11:47:10","modified_gmt":"2026-03-31T11:47:10","slug":"sun-life-to-pay-almost-3-billion-for-stakes-in-private-credit-and-real-estate-management-firms","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/572793\/","title":{"rendered":"Sun Life to pay almost $3-billion for stakes in private credit and real estate management firms"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

The Sun Life Financial logo is seen at One York Street in Toronto in 2019.Chris Helgren\/Reuters<\/p>\n

The asset management division of Canada\u2019s second largest insurer, Sun Life Financial Inc. SLF-T<\/a>, is shelling out nearly $3-billion to acquire the remaining stakes of its private credit and real estate management businesses, while adding a new U.S. multifamily real estate and property manager to its roster.<\/p>\n

SLC Management announced Monday it is set to pay $2.4-billion to purchase the remaining equity interests in BGO, the insurers\u2019 global real estate investor and provider of real estate services, and in its private credit provider Crescent Capital Group. <\/p>\n

In a separate transaction, the insurer will spend another $350-million to acquire 100 per cent of Bell Partners, a U.S.-based multifamily real estate investment and property management business that will operate under BGO. At least 75 per cent of the Bell purchase will be payable in Sun Life shares.<\/p>\n

Sun Life, Manulife beat forecasts to post strong gains in fourth quarter<\/a><\/p>\n

Sun Life chief executive Kevin Strain said BGO and Crescent are \u201cintegral\u201d to the overall growth strategy for Sun Life Asset Management, which manages about $260-billion of assets for more than 1,400 institutional clients globally and another $165-billion of Sun Life\u2019s general account assets.<\/p>\n

\u201cTogether, they bring decades of real estate and credit expertise and deliver high\u2011quality solutions for clients globally,\u201d Mr. Strain said in a statement.<\/p>\n

Over the past decade, SLC has spent about $2-billion<\/a> to snap up a series of well-known alternative asset names, such as real estate investors Bentall Kennedy and GreenOak, which merged under the BGO name in 2018 when the insurer purchased a 56-per-cent stake<\/a>. In January, 2021, Sun Life acquired a 51-per-cent stake in loan provider Crescent<\/a> for $450-million.<\/p>\n

Today, the SLC business offers investment capabilities across real estate, private credit, private fixed income and infrastructure. <\/p>\n

Now, Sun Life will pay $1.59-billion for the remaining 44-per-cent stake in BGO and $829-million for the remaining 49-per-cent stake in Crescent. Between 2021 and 2025, BGO and Crescent saw their assets under management climb to $165-billion, up from $115-billion, generating a combined $4.2-billion in fee-related revenue. <\/p>\n

In a separate deal, SLC is set to acquire Bell Partners and create a U.S. multifamily operating platform for Sun Life. The deal, which still requires regulatory approval, is expected to close in the second half of 2026.<\/p>\n

Housing remains a priority for governments across the United States, Sun Life said in a statement, adding that experienced, long-term investors and operators play an essential role in building high-quality, multi-family rental communities.<\/p>\n

Founded in 1976, Bell manages about 70,000 apartment homes in 12 regions across the U.S. With expertise in investment and property management, acquisitions, and construction, Bell has completed approximately US$11.9-billion of realized apartment transactions since 2002, including more than US$1.3-billion in acquisitions in 2025. <\/p>\n

Upon closing, Bell Partners will continue to operate under its current leadership and will retain its branding and office locations.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: The Sun Life Financial logo is seen at One York Street in Toronto…\n","protected":false},"author":2,"featured_media":55371,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[901,888,902,879,877,903,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,43,889,890,884,904,885,909,910,44,912,907,911,905,908,882,898,899,714,897,906,865,61,41,39,42,40,900,892,886,883,913],"class_list":["post-572793","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-headlines","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-news","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-top-news","tag-top-stories","tag-topnews","tag-topstories","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/572793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=572793"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/572793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/55371"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=572793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=572793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=572793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}