The Ohio Bureau of Workers Compensation Fund (Ohio BWC) has made $225m (€198.9m) of new commitments in core real estate.

The US pension fund is investing $50m in AEW’s Core Property Trust and the same amount with ASB’s Allegiance Real Estate Fund and Heitman’s America Real Estate Trust.

It also sets aside $50m for Invesco’s Core Real Estate USA vehicle and $25m for the Cornerstone’s Patriot Fund.

All of the funds have an open-ended structure and are focused on major US markets. 

The funds mainly target office, industrial, retail and apartments.

For Ohio BWC, core assets are the focus, with a limited amount set aside for build-to-core strategies and value-add investments.

The pension fund has valued its investments with the five managers at $834m, as of June of last year.

It has invested $224.1m with AEW’s Core Property Trust, $202.9m with ASB, $186.2m with Heitman, $128.8m with Invesco and $92.1m with Cornerstone’s Patriot Fund.

Ohio BWC is investing in core and value-add real estate solely through fund structures.