Miami-based BGO, the US residential real estate arm of Canadian insurer Sun Life Financial, is acquiring specialist manager Bell Partners for $350 million. This move signals a strategic shift towards vertical integration, allowing BGO to directly control operations previously managed through joint ventures. Sun Life Financial will absorb Bell Partners, a leader in US multifamily asset management, to bolster BGO's portfolio and drive returns from its existing assets. Bell Partners' expertise in sourcing, developing, and managing multifamily properties aligns with BGO's goal to enhance operational control and capture more value within the US market.