BGO Acquired by Sun Life | Real Estate Services M&A Deal

Sun Life has completed the acquisition of BGO, a real estate services other business in Florida, for $1.2 billion. Sun Life acquires BGO to gain full control of the multifamily real estate investment platform with about 70,000 apartments and roughly $90.4 billion in assets under management. BGO operates across the Americas, Europe, and Asia with about 1,400 employees, led by co-CEOs Sonny Kalsi and John Carrafiell. The BGO acquisition is an add on acquisition and strategic acquisition that follows Sun Life’s earlier majority stake and supports a broader real estate services M&A plan to merge BGO with Bell Partners. The announced deal covers the remaining 44% interest and is expected to close in the second half of 2026.