Miami Beach Firefighters’ and Police Officer’s Pension Plan has committed $10 million to two real estate funds, including $7 million to Sabal Strategic Opportunities Fund II and $3 million to Affiliated Housing Impact Fund II, according to meeting materials from Jan. 16, 2025.
Sabal Strategic Opportunities Fund II, a program of Sabal Investment Holdings, is an opportunistic, closed-end fund that targets real estate in the United States. A fundraising goal has not been disclosed.
Affiliated Housing Impact Fund II, a value-added, closed-end vehicle of Affiliated Development, invests in multifamily affordable housing in the United States, with a focus on South Florida. A fundraising goal has not been determined. Its predecessor, Affiliated Housing Impact Fund, closed with $10 million in 2020.
The Miami Beach Firefighters’ and Police Officers’ Pension Plan had $1.2 billion in total assets under management, as of Sept. 30, 2024, with $153.6 million invested i
