Ohio Police & Fire commits $100m to Blackstone Property Partners

The Ohio Police & Fire Pension Fund (OP&F) has committed $100 million to Blackstone Property Partners (BPP).

Managed by Blackstone, BPP is an open-end, core/core-plus fund that is focused on making investments in substantially stabilized office, multi-family, studio and media office, retail, data centers, student housing, life science office and industrial real estate in the United States and in Canada.

As of Oct. 31, 11.44 percent ($1.9 billion) of OP&F’s portfolio was allocated toward real estate, slightly below its 12 percent target for the asset class.

OP&F has made other commitments to Blackstone in the past, including a $20 million commitment to Blackstone Real Estate Partners (BREP) VI in 2007, a $60 million commitment to BREP VII in 2012 and a $70 million commitment to BREP VIII in 2015.

For more information about this fund and others, visit the IREI.Q database.