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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 March 31, 2015, the BIT had a net asset value of $3.71 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 26 year history, the BIT has invested over $5.98 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 70 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. Learn More

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BIT News

BIT Hosts Worker Appreciation Luncheon Union Workers at Playhouse Plaza Thanked for their Commitment to Excellence
BIT Holds Appreciation Luncheon in New York September 26, 2014 New York, NY

Commercial Real-Estate News
Wall Street Journal Online

Poland Lures More Major Warehouses Poland is attracting more major distribution centers now that transport links with the rest of Europe have been upgraded.
Tue, 30 Jun 2015 23:36:54 EDT

Office Market Is on a Slow Roll Employers took on 8.2 million square feet of additional office space in the second quarter, one of the stronger periods since the recession but a relatively tepid expansion by historical standards.
Wed, 01 Jul 2015 00:03:03 EDT