The Florida State Board of Administration (SBA) has provided information on more than $350 million in real estate transactions during first quarter 2025, according to its New Managers Report. Florida SBA has invested previously with all of the managers, which received a total of $356 million in commitments.
Montecito III 2023 – OrthoUnited, a vehicle of Heitman Capital Management, received $42.3 million. CenterSquare, among SBA’s Core and Value Advisors account, received a commitment of $7.1 million and another of $29 million, and the CenterSquare - Cinco Ranch account received $11.2 million. REPIMAC Lender, a program of SitusAMC, received $51.8 million. Westport Capital Partners’ WCP NewCold III was allocated $100 million. Metlife Investment Management’s Westbend South account received $114.7 million.
Florida SBA is a public pension fund with $206.5 billion in total assets under management, as of Dec. 31, 2024. As of then, it had a 12 percent real estate alloc
