The Ohio Bureau of Workers’ Compensation (Ohio BWC), which provides medical and compensation benefits for work-related injuries, diseases and deaths, has made a $50 million commitment to Focus Senior Housing Fund II (FSH II).
Managed by Focus Healthcare Partners, FSH II is a closed-end, value-added fund that is seeking to raise $600 million and is investing in senior housing opportunities in the United States.
In its investment policy statement, Ohio BWC writes that “the investment goal of the real estate investments [in general] is to offer the State Insurance Fund a broad exposure to the return opportunities, portfolio diversification effects, inflation protection features and investment characteristics associated with the institutional quality U.S. commercial real estate market.”
Ohio BWC has a 2 percent target allocation for value-added real estate funds, a 4 percent target allocation for core-plus real estate funds and a 9 percent target allocation fo
