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

Sign in Start Your Free Trial Now View Purchase Options

Ohio BWC commits $50m to multifamily fund

by Zoë Wolff

The $29 billion Ohio Bureau of Workers’ Compensation has committed $50 million to Sares-Regis Multifamily Value-Add Fund II on behalf of the State Insurance Fund, according to Melissa Vince, spokeswoman for the bureau.

The fund, which is seeking to raise $250 million, received a commitment from the New Mexico Educational Retirement Board in April 2015.

This is a first-time commitment to a Sares-Regis Group fund for Ohio BWC. The State Insurance Fund has a 12 percent target allocation to real estate and an 8.9 percent actual allocation to the asset class.

The Sares-Regis Group, based in Irvine, Calif., is a residential and commercial property owner, developer and manager focused on markets in the western United States.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?