The Ohio Police and Fire (OP&F) Board has committed up to $85 million to Blue Owl Real Estate Fund VII, according to investment notes from the fund.
This fund is a closed-end, value-add vehicle that focuses on real estate opportunities in the United States and Canada. It aims to acquire or provide build-to-suit capital for single tenant, free standing net lease properties for investment grade corporate tenants, according to the firm. The fund aims to raise $6.5 billion.
As of Oct. 21, OP&F’s portfolio was valued at $20.8 billion, with a 9.3 percent, or $1.9 billion, real estate portfolio.
