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By 
June 06, 2023 at 10:20 AM
CNO Financial is moving its headquarters to nearby offices designed for employees who spend much of their time working from home or at other offsite locations.
The life, health and annuity issuer said Friday that it will replace its five-building, 420,000-square-foot campus at 11825 N. Pennsylvania St. in Carmel, Indiana, in early 2024.
The new offices will fill 100,000 square feet of space at a Carmel building that’s about 1.5 miles away, at 11299 Illinois St.
Designers will include a cafe, conference facilities and other features designed to support employees who combine remote work with time at headquarters.
“As our workforce has evolved, so too have our workplace needs,” CNO CEO Gary Bhojwani said.
What It Means
CNO has about $3.4 billion of its $34 billion in assets invested in commercial real estate and commercial mortgage-backed securities.
For clients thinking about their exposure to commercial real estate, the move means that a major commercial real estate investor expects many of its own employees to stick with hybrid work schedules.
