Ohio Bureau of Workers’ Compensation (BWC) has set 2025’s real estate pacing plan at $340m (€324.8m), according to the life company’s meeting document.
This follows a 2024 real estate pacing plan of $150m, during which no new commitments were approved.
Ohio BWC’s most recent commitment was a $50m investment into the Focus Senior II senior housing fund in the fourth quarter of 2023.
The real estate plan 2025 includes $240m in potential commitments to the core sector.
The planned core investments will be partially offset by $150m in redemptions from existing open-ended core funds and around $35m in dividend reinvestment from its current core funds.
The remaining $100m from the pacing plan is projected to be placed into value-add funds.
A significant portion of the new commitments is expected to be allocated to new managers, focusing on sectors like self-storage, manufactured housing, data centres, anchored retail and traditional apartments.
Three commitments are planned with existing managers: Rockbridge for hotels, Clarion for niche properties and Bell for traditional apartments.
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