Sun Life Financial Inc., a big financial company that also operates in the Philippines, has announced that it finished buying Bell Partners. This news was shared on July 2, 2026, according to the company’s press release.

What is Bell Partners?

Bell Partners is a major American company that invests in and manages apartment buildings (what they call “multifamily” properties). Think of them as a company that owns and takes care of many apartment complexes where people rent homes across the United States.

The company has been around since 1976 and is quite large – they manage about 65,000 apartment homes in 12 different regions across America. These apartments are in big cities like Seattle, San Francisco, Denver, Dallas, Austin, Atlanta, Charlotte, Washington D.C., and Boston. Bell Partners has about 1,800 employees working in nine offices.

How Much Did Sun Life Pay?

Sun Life bought 100% of Bell Partners for US$350 million (that’s about 350 million U.S. dollars). Here’s an interesting part: instead of paying everything in cash, Sun Life paid about 80% of the price using its own company shares (stocks). This means Bell Partners’ previous owners now own pieces of Sun Life instead of receiving all cash.

How Will Bell Partners Work Now?

Even though Sun Life now owns Bell Partners, the apartment company will keep operating mostly the same way. They will:

• Keep their current bosses and management team
• Keep their own brand names on their properties
• Keep their office locations
• Continue working with their existing clients the same way

Bell Partners will work under a part of Sun Life called BGO, which is Sun Life’s real estate investment business. Together, Bell Partners and BGO will manage Sun Life’s apartment properties in the United States.

Why Did Sun Life Buy Bell Partners?

According to the press release, this purchase helps Sun Life grow its ability to manage investments in the U.S. apartment market, which is described as one of the largest and strongest parts of America’s real estate business.

About Sun Life

Sun Life is a large international financial services company that helps people and organizations manage their money, investments, insurance, and health solutions. The company operates in many countries including the Philippines, Canada, the United States, United Kingdom, Hong Kong, Japan, Singapore, and others.

As of March 31, 2026, Sun Life managed a total of $1.58 trillion in assets – that’s an incredibly huge amount of money!

Sun Life’s stock trades on three different stock exchanges: Toronto (TSX), New York (NYSE), and the Philippine Stock Exchange (PSE), all under the ticker symbol SLF.

About BGO

BGO is the real estate part of Sun Life’s investment management business. It’s a global company that invests in and manages different types of properties including offices, warehouses, apartments, stores, and hotels around the world.

BGO serves more than 750 big institutional clients and, together with Bell Partners (now that they’ve been combined), manages approximately US$100 billion in assets as of March 31, 2026. The company has offices in more than 25 cities across twelve countries.

Bell Partners’ Track Record

The press release notes that Bell Partners has a very experienced management team, with leaders averaging 27 years of experience in the business. Since 2002, the company has completed almost US$12 billion worth of apartment-related transactions, showing they’re experienced in buying and selling apartment properties.

This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.