Ohio BWC plans to invest $150m in value-add real estate funds
Ohio Bureau of Workers Compensation Board (Ohio BWC) is planning to make $150m (€135m) worth of commitments to its value-add real estate funds this year, according to a board meeting document.
Ohio BWC, which is being advised investment consultant RVK, expects to invest in two or three new funds.
The institutional investor will consider senior-housing funds and other single-sector specialist vehicles.
At the end of last year, Ohio BWC’s value-add real estate portfolio, which includes senior housing, debt, hotels and apartments – was worth $525m.
The $27bn provider of workers’ compensation insurance has a 2% target allocation for value-add real estate.