The Florida State Board of Administration (Florida SBA) has added $296m (€262.3m) of new investments and commitments for real estate.

The only new fund commitment was a €50m allocation to an unnamed European opportunistic fund, to be identified by early November.

The pension fund is also investing in a mixture of US apartments with the Hanover Company and medical office buildings with the Montecito Medical Operating Company.

Hanover’s latest investment for the venture was a $15m purchase of land for the Midtown Atlanta apartment complex in Atlanta.

Florida SBA has made a new $43.9m commitment to the joint venture.

Capital will be used by Hanover to find sites for the development of new apartment complexes in major US markets.

Montecito, which declined to comment, paid $32.6m to buy two buildings in Johnson City, Tennessee, according to an email from Florida SBA.

The latest commitment by the pension fund is for $150m.

Florida SBA, which will be investing more capital in real estate, is in the middle of a core separate-account manager search.

It has not been established how much capital might be allocated for this search.