Ohio Bureau of Workers’ Compensation (BWC) has extended its contract with Meketa Investment as its real estate investment consultant for an additional two years, the life company disclosed in a board meeting document.
Meketa’s current contract with Ohio BWC is set to expire at the end of June of this year, with the new two-year contract extension running until the end of June 2027.
At the end of the new contract period, Ohio BWC will issue a request for proposal for a real estate investment consultant.
According to the Ohio BWC meeting document, the annual fee to Meketa will be $385,000 (€337,855) and $395,000 for the second year. The document also stated that Meketa has met or exceeded service level expectations.
Ohio BWC has a $340m real estate pacing plan for 2025, involving allocating up to $240m to core opportunities and $100m to value-add opportunities.
Meketa has not recommended any new real estate commitments to date in 2025.
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