Ohio BWC commits $700m to real estate funds
The Ohio Bureau of Workers’ Compensation has committed $700 million to seven open-end core real estate funds on behalf of its $23.4 billion State Insurance Fund, according to Bruce Dunn, CIO of the bureau.
The bureau committed $125 million each to Jamestown Premier Property Fund, PRISA II and USAA Eagle Real Estate Fund. Jamestown Premier Property, sponsored by Jamestown, focuses on office, retail and mixed-use properties across the United States. PRISA II, managed by Prudential Real Estate Investors, targets apartment, retail, office and hotel properties. USAA Real Estate Co.’s USAA Eagle Real Estate Fund focuses on multifamily, industrial, office and retail properties.
Ohio BWC also committed $100 million to J.P. Morgan U.S. Real Estate Income and Growth Fund. J.P. Morgan U.S. Real Estate Income and Growth Fund, managed by J.P. Morgan Asset Management, targets U.S. real estate and real estate debt.
The bureau also committed $75 million e