Florida Board makes several investments to real estate

The $206.9 billion Florida State Board of Administration has made several investments for its real estate portfolio.

The board committed $150 million to RREEF Core Plus Industrial Fund, a global open-end real estate fund managed by DWS Group. It will mainly invest in industrial properties. The fund will follow a core-plus investment strategy. The firm launched the fund in 2017.

A €100 million ($111 million) investment was made to the recently launched BlackRock Europe Property Fund V, a closed-end opportunistic real estate fund managed by BlackRock.

And $100 million was committed to the recently closed $17.3 billion Blackstone Real Estate Partners IX, a closed-end noncore real estate fund managed by Blackstone Group, and $50 million was allocated to Prologis Targeted U.S. Logistics Fund, an