The AFL-CIO Building Investment Trust 
The mission of the AFL-CIO Building Investment Trust (BIT), a bank collective trust for which PNC Bank serves as trustee, is to provide competitive risk-adjusted returns for qualified union pension plans through investments in institutional quality commercial real estate. The BIT also provides collateral benefits such as union job creation and economic development. As of September 30, 2017 the BIT had a net asset value of $4.9 billion**.
 
The BIT invests exclusively in US markets and has developed and implemented one of the most comprehensive written union labor policies in the industry.  In its 29 year history, the BIT has invested over $7 billion for the development and acquisition of more than 200 office, retail, multifamily, hotel, warehouse, and mixed use properties across the country. These investments have generated approximately 78 million hours in union construction work and created thousands of union jobs in the service, maintenance and operations of facilities owned by the BIT.  
 
As a fund carrying the AFL-CIO name, the BIT strives to meet the highest expectations both as a prudent steward of pension capital and as a fund dedicated to creating American jobs and building American communities. 

To view our annual report, please click here.
 
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*Performance data shown represents past performance. Past Performance does not guarantee future results. Returns presented are calculated gross and net, i.e., before and after deduction of the Trustee Fee. Both gross and net returns are calculated net of fund level expenses, as such expenses are reflected in net unrealized gain (loss). Returns are calculated quarterly on a time-weighted basis using beginning-of-perioid values and reflects the reinvestment of all income. All returns, with the exception of those for the current quarter, are annualized. Additional information is available in the Investment Memorandum of the BIT or otherwise available upon request. 

**The Net Asset Value or "NAV" is the value of all investments owned, plus cash, receivables, and other assets minus the sum of BIT's debt on wholly-owned investments and BIT's proportionate share of debt on joint venture investments.

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BIT News

Construction Continues Nationwide at AFL-CIO Building Investment Trust Projects In 2017 the AFL-CIO Investment Trust Corporation ("ITC") took part in groundbreakings and grand openings from coast to coast in celebration of properties within the portfolio of the AFL-CIO Building Investment Trust ("BIT").
AFL-CIO Building Investment Trust Announce Two New Developments in California The AFL-CIO Building Investment Trust ("BIT"),along with its joint venture partners, recently closed on two projects that are intended to generate hundreds of union construction jobs.
AFL-CIO Building Investment Trust Announces New Job Creating Development With Exciting New Video Wolf Point East is to be a 66-story, 750-foot tall mixed-use skyscraper that will generate nearly 300,000 hours of union construction work.