Ohio Bureau of Workers’ Compensation (BWC) has approved a $275m (€233.2m) real estate pacing target for the 2026 calendar year, according to a board meeting report by its consultant Meketa Investment Group.
The investment plan for the period involves allocating $200m to value-add strategies and $75m to core-plus, with no commitments planned for core investments.
During the period, the life company expects $90m in real estate portfolio redemptions, consisting of $75m from core assets and $15m from non-core holdings. It also expects $54m in reinvested dividends and $30m in cash dividends.
Meketa also disclosed that Ohio BWC is considering an open-ended, core-plus data centre fund managed by Prologis as part of its 2026 real estate investment pipeline.
Jennifer Nelson, a spokesperson for Prologis, told IPE Real Assets that the company does not currently offer an open-ended core-plus data centre fund. She added that while Prologis maintains regular dialogue with investors regarding new vehicles, including specialised strategies and data centre opportunities, no fund exists at this time.
Ohio BWC’s 2026 real estate pipeline also includes potential commitments to a diversified fund with Clarion Partners, apartment strategies with Bell Partners, Morgan Stanley and Fairfield Residential, and medical outpatient centres with Hammes Partners.
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