Florida SBA commits to two real estate funds

The $193.8 billion Florida State Board of Administration has committed equity to two real estate funds, according to John Kuczwanski, manager of external affairs for the pension fund.

The two commitments include $100 million to Landmark Real Estate Partners VIII and €75 million ($87 million) to JP Morgan European Opportunity Property Fund IV.

Landmark Real Estate Partners VIII is managed by Landmark Partners, a private equity and real estate investment company. The fund’s predecessor, Landmark Real Estate Partners VII, had a $1.6 billion final close in 2015, exceeding its $1 billion target.

JP Morgan European Opportunity Property Fund IV is an opportunistic real estate fund that will invest in office, industrial, multifamily and retail properties throughout Europe. Florida SBA committed $50 million to the fund’s predecessor, J.P. Morgan Asset Management – Global Real Assets European Opportunity III, in 2014.