Florida SBA Discloses Q4 2022 Commitments

The Florida State Board of Administration has disclosed six real estate investments totaling up to $594 million in the fourth quarter of 2022, according to a recently released new manager report.

$122.6 million was invested in KCS Icebox Venture, a joint venture with L&B Realty Advisors.

$65 million was committed to Montecito 300 Ventures II managed by Heitman. The Board previously committed approximately $40 million to the joint venture with Heitman in Q3 2022.

Approximately $50 million was invested in a joint venture with Core and Value Advisors (Stockbridge) called Foundry Lakeside Station. In addition, $136 million was invested in another joint venture with Core and Value Advisors (Stockbridge) called Foundry Phase V.

$70 million was committed to KCS Icebox Venture, a joint venture managed by L&B Realty Advisors.

Lastly, real estate debt fund Torchlight debt fund VIII, received a $150 million commitment.

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