Florida State Board of Administration (SBA) has acquired two medical office assets for $58m (€49.4m) for its direct owned separate account real estate portfolio.
The pension fund said it has put $39m of equity into the investment with the balance in financing to buy the assets through its separate account manager Heitman.
The assets acquired are the 60,000sqft Surgical Center of Greensboro in Greensboro, North Carolina and the 30,000sqft Mason Creek property in Katy, Texas.
Florida SBA also said in a meeting document that it has sold the 17,023sqft 8 Newbury retail asset in Boston for $42m and the 95-bed Aurora Heritage Club and the 97-bed Lakewood Heritage Club senior housing assets in Colorado for $23m.
L&B Realty Advisors and PGIM Real Estate managed the retail and senior housing assets respectively.
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