Florida SBA commits $125m to real estate funds

The $186.2 billion Florida State Board of Administration committed $125 million to two real estate funds in fourth quarter 2016.

The first commitment was $50 million to AEW Senior Housing Investors III, a value-added real estate vehicle that invests in U.S. senior housing properties. The fund recently held a $500 million final close.

The senior housing fund has received commitments from the $16.3 billion Teachers’ Retirement System of Louisiana, the $3.7 billion Houston Firefighters’ Relief & Retirement Fund and the $128 billion Teach