Publications

Investors - JANUARY 30, 2013

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

BWC makes first value-added real estate investment

by Andrea Waitrovich

The $21 billion Ohio Bureau of Workers' Compensation (BWC) has made a $50 million commitment to KTR Industrial Fund III, a value-added fund managed by KTR Capital Partners.

KTR Industrial Fund III was launched in April 2012 with a $750 million fundraising goal. The fund series focuses on value-added investments in the industrial sector. This is BWC's first value-added investment from its recently approved $1.27 billion real estate plan.

According to investment consultant R.V. Kuhns & Associates, the BWC plans to make seven noncore commitments, valued at approximately $50 million each, over the three-year period ending in 2015. For this year, two more investments are expected for the plan.

BWC has a target allocation to real estate of 6 percent. Thus far, the bureau committed a total of $950 million, or 4.5 percent of plan ass

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?