Investors - JULY 31, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

SBA Florida discloses more than $400m in real estate commitments

by Kali Persall

State Board of Administration of Florida (SBA) – Florida Retirement System has disclosed $424 million in new real estate commitments for second quarter 2020.

Florida committed $250 million to Cohen & Steers’ Global REIT Securities strategy, and $150 million to a global REIT managed by DWS Distributors. SBA has existing relationships with both managers.

SBA also invested with a new manager: CBRE Global Investors. The Florida pension fund committed $24 million to CBRE Asia Value Partners V, a closed-end noncore real estate fund.

As of July 30, SBA had an estimated $210.3 billion in assets under management, and the estimated value of the FRS Trust Fund was $165.95 billion.

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.