Ohio Bureau of Workers Compensation (BWC) has resumed making value-add real estate investments with a commitment to a fund managed by US healthcare real estate manager Hammes Partners.
Ohio BWC, which had suspended value-add fund investments in March 2020 as a result of the uncertain impact of the coronavirus pandemic, said in a meeting document that it has made a $50m (€44.1m) commitment to the Hammes Partners IV fund.
The provider of workers’ compensation insurance made a $50m commitment to the Hammes Partners III fund in February 2017.
The provider of workers’ compensation insurance has 1.6% of its real estate portfolio invested in value-add compared to the policy target of 2.0%.
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