Ohio BWC commits $200m to core real estate
The Ohio Bureau of Workers Compensation Board has allocated $200 million to three core, open-end real estate funds.
The Ohio BWC has committed $100 million to Invesco Core Real Estate USA fund, $50 million to Heitman America Real Estate Trust and $50 million to the Cornerstone Patriot Fund.
Invesco Core Real Estate USA fund launched in 2004 and has raised $5.8 billion as of January 2015. The open-end fund targets income-producing assets that have approximately 70 percent or higher occupancy. The fund received a commitment earlier this year from the Illinois Municipal Retirement Fund.
Heitman America Real Estate Trust, which launched in 2006, invests in the four main property types throughout the United States. Earlier this year, the