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lorida's State Board of Administration (SBA) has made significant US real estate deals worth $408.2m over recent months, comprising acquisitions and debt investments. The pension fund acquired $148.3m in residential assets through a separate account relationship with Heitman, including townhomes in Phoenix, Nashville, and Melissa, Texas.

    Heitman also assisted the SBA in adding four properties valued at $115m to its self-storage portfolio in Brownsville, Mission, Alamo, and McAllen, Texas. The pension fund partnered with Invesco Real Estate to acquire an industrial asset in Laredo, Texas for $52.5m.

    The SBA also completed two debt transactions worth a total of $92.3m through its credit facility loan programme, secured by an industrial cold storage property in Jacksonville and a traditional industrial property in Charlotte. SitusAMC managed these deals. The revolving credit facility programme was established in 2023 to provide loans to directly owned real estate investments.

    The SBA's recent transactions demonstrate its continued investment in US real estate, with a focus on various sectors such as residential, self-storage, and industrial properties.