FINANCIAL_SERVICESONGOING

Pension Fund Real Estate Account Grows Under Principal

The Jacksonville Police & Fire Pension Fund maintains an ongoing investment management relationship with Principal Asset Management through the Principal U.S. Property Account. Since an initial $30 million allocation in 2013, the account’s value has grown to over $67 million as of October 31, 2025, reflecting the manager’s long-term real estate investment strategy and performance.

Status
ONGOING
Document date
November 18, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Principal Asset Management
Agency
Duval County · FL

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Initial $30 million investment in 2013; current value over $67 million as of October 31, 2025
Contract type
FINANCIAL_SERVICES
Contract term
Ongoing since 2013
Renewal
Open-end, ongoing investment in the Principal U.S. Property Account dating from 2013; no specific contractual renewal or end date mentioned in the minutes.
Document type
Minutes
Source document
City of Jacksonville Police and Fire Pension Fund Manager Update Workshop Nov 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Duval County?

Principal Asset Management was awarded this financial services contract by Duval County, as recorded on November 18, 2025. The contract value is Initial $30 million investment in 2013; current value over $67 million as of October 31, 2025.

How much is the Principal Asset Management contract with Duval County worth?

The Principal Asset Management contract with Duval County is valued at Initial $30 million investment in 2013; current value over $67 million as of October 31, 2025, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Jacksonville Police and Fire Pension Fund Manager Update Workshop Nov 2025 (Minutes), dated November 18, 2025 from Duval County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Principal Asset Management hold?

Principal Asset Management may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Principal Asset Management's profile

What is Duval County currently buying?

Explore Duval County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Duval County's profile

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