Ohio Bureau of Workers Compensation (BWC) is proposing to hire Meketa Investment Group as its new real estate investment consultant.
Earlier this year, IPE Real Assets reported that Ohio BWC had ended its relationship with NEPC due to a breach of contract by the real estate consultant, and had issued a request for proposal for a new consultant. Ohio BWC hired NEPC in 2021.
The provider of workers’ compensation insurance said in its latest meeting document that it is recommending the hiring of Meketa, one of the three finalists in the consultant search. The other two were Callan and StepStone Real Estate.
Ohio BWC expects to hire Meketa on an initial term that runs through the end of June 2025 with two one-year renewal options.
Once appointed, Meketa’s services to Ohio BWC will include offering investment policies, strategies, guidelines, due diligence and real estate market research.
To read the latest edition of the latest IPE Real Assets magazine click here.