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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, 2016, the BIT had a net asset value of $4.42B.

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 27 year history, the BIT has invested over $6 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. Learn More

To view our annual brochure, please click here.

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


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BIT News

AFL-CIO Building Investment Trust Cuts Ribbon At Chicago’s Wolf Point West The labor leaders of Chicago joined politicians, real-estate developers, and representatives of the AFL-CIO Building Investment Trust (BIT) at the BIT's recently completed project, Wolf Point West.
BIT Thanks Workers At T3 Office in Minneapolis The AFL-CIO Building Investment Trust hosted an event to thank the workers at what is to be one of the largest wooden frame buildings in North America.
BIT Breaks Ground at T3 Minneapolis, MN

Commercial Real-Estate News
Wall Street Journal Online

Facebook's Answer to Silicon Valley Housing Crunch: Build Apartments Concerns about Silicon Valley’s housing shortage are turning Facebook into an apartment developer.
Tue, 26 Jul 2016 22:07:52 EDT

Excess Rooms Push Hotel Owners to Cut Rates in China A glut of hotel rooms in Chinese cities is forcing owners to slash rates in a bid to attract customers.
Wed, 27 Jul 2016 21:38:20 EDT