SitusAMC Holdings Corp. a provider of trusted solutions supporting the entire lifecycle of real estate finance, renewed its contract with Florida’s State Board of Administration (SBA). The move helps provide real estate valuation and loan administration services, the company announced in a release.
The new contract expands the scope of services SitusAMC’s Real Estate Valuation Services (‘REVS’) group will offer the SBA, which is one of the largest state pension funds in the country.
In addition to facilitating the annual third-party valuation process, SitusAMC will now be involved in the collection and reporting of quarterly valuation data and provide advanced analytics to better measure the performance of the SBA’s investments, the company said.
“We’re delighted to strengthen our partnership with the SBA,” SitusAMC Head of Equity Valuation Management Managing Director Andrew Sabatini said in the release. “Our relationships with some of the world’s largest investment funds demonstrates the confidence fund managers have in our growing team and our rapidly expanding valuation services and technologies. We look forward to continuing to support SBA with customized solutions that enhance fund performance.”
SitusAMC’s REVS group has grown tremendously over the past several years. The firm is responsible for reviewing and consulting on more than $300 billion in institutional real estate assets every quarter, including assets held by many of the largest public pension funds and investment managers in the world.
“Our expanded relationship with the SBA has mirrored our growth as a global leader in valuation management (equity, bank & lending), daily pricing, and appraisal,” Brian Velky, managing director, global head of the Real Estate Valuation Services group at SitusAMC, said. “I’m proud of our team of dedicated professionals for continuing to meet and exceed the requirements of our investor clients.”