City of Cape Coral

City of Cape Coral

The Cape Coral Municipal General Employees Pension Trust Fund functions as the defined-benefit retirement vehicle for general employees of one of Florida's fastest-growing cities. Finance Director Mark Mason serves as an ex-officio board member, while the Board of Trustees, chaired by Jason Chockley and including appointed trustee Sam Mazzotti, oversees fiduciary decisions. The fund's recorded professional affiliations — the Florida Public Pension Trustees Association, NCPERS, and the International Foundation of Employee Benefit Plans — signal a peer-education posture common to mid-sized municipal plans. The trust deploys capital primarily through a fund-of-funds structure, with known exposures spanning core real estate and secondaries. Its real-asset sleeve includes commitments to the Morgan Stanley Prime Property Fund for institutional commercial holdings and the American Strategic Value Realty Fund for mixed-use assets across the United States. The portfolio also contains a direct farmland allocation, an unusual line item for a municipal plan of this size, alongside standard cash and equivalents managed locally. The geographic footprint remains overwhelmingly domestic, concentrated in US commercial and agricultural markets. The fund operates without disclosing total AUM publicly; Altss estimates the pool at roughly $398M based on available commitment data. Staffing and total professional headcount are not publicly detailed, consistent with smaller municipal plans where day-to-day administration sits within the city's finance department and investment management is outsourced through fund commitments. Museum or operating-business relationships tied to the city have not surfaced, and the trust does not appear to maintain a separate philanthropic subsidiary. Its structural differentiator is an agricultural real-asset exposure — a direct farmland portfolio — inside an otherwise conventional municipal pension allocation. Most similarly sized city plans restrict real assets to REITs or commercial-property funds. Cape Coral's inclusion of farmland suggests a long-duration, inflation-sensitive sleeve that stands apart from the office-and-retail core more typical of its peers.