Sun Life Financial has completed its acquisition of a majority stake in BentallGreenOak, an investment management advisor specializing in real estate services.

A release said that the majority stake purchase will serve as a cornerstone for Sun Life’s recently established institutional asset management business SLC Management.

“We’re excited about the completion of the BentallGreenOak acquisition and increasing our global real estate investment footprint,” said Sun Life president and CEO Dean Connor.

Connor also pointed out that the acquisition will enhance Sun Life’s organizational depth by integrating a full range of solutions – such as equity and debt real estate strategies – while adding to SLC Management’s capabilities.

“Our focus remains on delivering exceptional service and performance for investors in the alternative asset management space, leveraging the depth and breadth of experience Sun Life has utilized to manage its own assets for over 150 years,” added SLC Management president Steve Peacher.