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, 2016, the BIT had a net asset value of $4.60 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 28 year history, the BIT has invested over $6.3 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 72 million hours in union construction work and created thousands of permanent 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 brochure, please click here.

To view our brochure featuring North America's State Building Trades, please click here.

To sign-up for our email newsletter, please click here


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BIT News

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.
AFL-CIO Building Investment Trust & Joint Venture Partner Break Ground In St.Louis Missouri's labor community joined politicians, and real-estate developers to celebrate the groundbreaking of the second BIT multifamily residential project in St. Louis, Encore.
AFL-CIO Building Investment Trust & Joint Venture Partner Break Ground In Culver City The labor leaders of Southern California joined politicians, real-estate developers, and representatives of the AFL-CIO Building Investment Trust (BIT) to celebrate the groundbreaking of the Culver City Creative office.

Commercial Real-Estate News
Wall Street Journal Online

Hospitals Spend Billions as They Expand and Update Construction spending in New York City’s health-care sector is surging as hospitals update aging facilities and add preventive health services, a new report finds.
Thu, 01 Dec 2016 19:50:38 EST

Investment Group Pays $76.5 Million for Downtown Brooklyn Development Site An investment group has paid $76.5 million for a downtown Brooklyn property, a sign that demand for development sites in the borough remains strong despite indications of softening in some of the city’s real-estate markets.
Thu, 01 Dec 2016 12:17:04 EST