City of Hollywood Firefighters' Pension Fund

City of Hollywood Firefighters' Pension Fund

Established in 1989, the City of Hollywood Firefighters' Pension Fund covers all full-time firefighters employed by the City of Hollywood, Florida. It was formed through the merger of the City's Firefighters' Supplemental Retirement System into a single pension system. The Board of Trustees includes both mayoral appointees and elected firefighter representatives, with IAFF Local 1375 acting as the bargaining unit for plan members. Alexander Diaz and Jason Rosner have both held the position of board chair in recent years. The fund is a multi-asset investor with a portfolio estimated at roughly $364M. Its real estate sleeve includes commitments to the J.P. Morgan Real Estate Fund, Terra Capital Partners, Fort Lauderdale-based Affiliated Development, and Crescent Real Estate, spanning mixed-use, commercial, and residential properties. The plan also maintains a fixed-income portfolio and has historically shown interest in distressed debt and timber strategies. The fund owns its administrative building at 310 South 62nd Avenue in Hollywood, Florida, reflecting a preference for holding hard assets directly within plan holdings. The fund operates under Florida Statutes Chapter 175, which governs firefighter pension plans and mandates specific funding standards, benefit structures, and board composition. The board includes the fire chief representative — currently Jameel Ziadie — alongside elected firefighter trustees such as Derek Fleischner and David Hernandez. The fund is a member of the Florida Public Pension Trustees Association (FPPTA), the state's primary trustee education and advocacy body. In May 2024, the fund recorded its investment portfolio at $370.2M, up from $338.2M in fiscal year 2023, reflecting a rebound in public equity and fixed-income markets alongside ongoing contributions and real estate distributions. What distinguishes the fund structurally is its direct real-asset ownership model — it purchased and holds the 310 South 62nd Avenue property in its own name, an uncommon arrangement for municipal plans that typically lease administrative space. This, alongside a mix of commingled fund commitments and a niche appetite for distressed credit, gives a small municipal plan an posture closer to a hybrid family office than a conventional local government pension. Succession planning on the board remains driven by the union election cycle and mayoral appointments, with no central CIO role publicly identified.