BentallGreenOak (BGO) will pump up its multifamily holdings in the United States with its parent company’s acquisition of Bell Partners and a portfolio of approximately 70,000 apartment units. The newly announced deal between Sun Life Financial and the U.S.-based private multifamily operator is expected to close in the second half of 2026, after which, Bell Partners will be integrated into BGO’s platform as a distinct business line retaining its existing leadership.

“This partnership reflects our strong conviction in the U.S. multifamily market and underscores our commitment to building deep expertise in sectors where we believe there is significant long-term opportunity,” says Amy Price, co-president of BGO.

Bell Partners marks its 50th anniversary this year, following USD $1.3 billion (CAD $1.8 billion) worth of acquisitions in 2025 to add more than 4,700 units across 10 regions of the U.S.. The pending deal will add roughly USD $10 billion (CAD $14 billion) in assets to BGO’s portfolio, bolstering it to about USD $100 billion (CAD $140 billion) in assets under management.

“This opportunity will extend Bell’s operating and investment expertise across a larger residential platform and strengthen our depth and reach,” observes Lili Dunn, chief executive officer and president of Bell Partners. “It is a natural step in our evolution, preserving the essence of what has made us successful, while also opening new opportunities for the future.”