Florida SBA Had Backed REIT on iStorage Portfolio Deal

The Florida State Board of Administration (SBA) is keen on direct real estate investing in the United States. On October 6, 2016, Florida’s SBA invested US$ 248.5 million for a 75% equity ownership stake in a portfolio of U.S. self-storage properties called the iStorage portfolio. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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