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Ohio BWC seeks real estate investment consultant
Investors - MARCH 31, 2022

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Ohio BWC seeks real estate investment consultant

by Kali Persall

The Ohio Bureau of Workers' Compensation (BWC) has issued an RFP for real estate investment consulting services.

The BWC currently has contracted with one general investment consultant to provide specific services, such as the development of investment policy, asset allocation, performance measurement, asset/liability studies and other investment analytic functions, according to the RFP.

The chosen real estate consulting firm will play a key role in guiding the BWC real estate assets and related processes, serving in an independent oversight capacity with respect to the BWC real estate assets in fulfilling fiduciary duties relating to these assets.

The Ohio workers' compensation system is the largest exclusive state insurance fund system in the United States, with $22.1 billion of investment assets as of Feb. 28. BWC has more than $3.5 billion of real estate investment assets.

Proposals are due by April 21.

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