Pension Fund Real Estate Account Grows Under Principal
City of JacksonvilleCity · Jacksonville, FL- Disclosed value
- Initial $30 million investment in 2013; current value over $67 million as of October 31, 2025
- From minutes
- Document date
- Nov 18, 2025
- Term
- Ongoing since 2013
The 30-second brief
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.
Principal Asset Management holds this financial services contract with City of Jacksonville. Its other public contracts on record include work for Contra Costa Water District and Ventura County.
Term as filed: Ongoing since 2013.
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Contract details
- Contract type
- Financial Services
- Amount
- Initial $30 million investment in 2013; current value over $67 million as of October 31, 2025
- Document date
- November 18, 2025
- Term
- Ongoing since 2013
- Agency
- City of Jacksonville
- Source document
- City of Jacksonville Police and Fire Pension Fund Manager Update Workshop Nov 2025 (Minutes)
Principal Asset Management's other public contracts
More City of Jacksonville contracts
Questions about this contract
Who was awarded the financial services contract by City of Jacksonville?
Principal Asset Management was awarded this financial services contract by City of Jacksonville, 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 City of Jacksonville worth?
The Principal Asset Management contract with City of Jacksonville 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 City of Jacksonville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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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.
What is City of Jacksonville currently buying?
Explore City of Jacksonville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.