Ohio Bureau invests $50 million in Latitude fund
The Ohio Bureau of Workers’ Compensation (BWC) has invested $50 million in Latitude Management Real Estate Capital III, a value-added fund managed by Latitude Management Real Estate Investors, formerly Legg Mason Real Estate Investors. The commitment was made on behalf of the pension fund’s $22 billion State Insurance Fund.
This is the second value-added real estate commitment for BWC, which has a target allocation of 1.5 percent, or $320 million, to value-added investments. Ohio Bureau’s first value-added commitment was $50 million to KTR Industrial Fund III, managed by KTR Capital, which focuses on acquiring high-quality industrial assets in high-barrier