Ohio Bureau of Workers Compensation (BWC) has set a new real estate pacing plan of $100m (€85.3m), according to a meeting document.
NEPC, Ohio BWC’s real estate consultant, proposed in the meeting document that the new capital should be invested in non-core funds mostly in the US.
According to NEPC, the provider of workers’ compensation insurance should continue its focus on property types like data centres, last-mile industrial assets, life science, medical office buildings and select rental housing strategies.
NEPC also said, investing in real estate debt is currently positive due to the fact that lending levels declined last year as some traditional lenders pulled back, thereby creating an opportunity for alternative lenders.
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