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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 June 30, 2015, the BIT had a net asset value of $3.89B.

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 $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

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

BIT Breaks Ground at T3 Minneapolis, MN
BIT Hosts Worker Appreciation at National Square Workers thanked for their commitment to excellence at DC project.
BIT Hosts Worker Appreciation Luncheon Union Workers at Playhouse Plaza Thanked for their Commitment to Excellence

Commercial Real-Estate News
Wall Street Journal Online

TPG Raises $2 Billion in Real-Estate Fund Private-equity giant TPG has closed its first high-risk real-estate fund, raising more than $2 billion in commitments at a time when big investors’ appetite for real-estate risk is increasing.
Tue, 06 Oct 2015 22:01:26 EDT

Nazarian to Sell Stake in SLS Las Vegas Hotel Hotelier Sam Nazarian has agreed to sell his minority stake in the SLS Las Vegas hotel and for his company to give up management of the money-losing property on the Las Vegas Strip.
Tue, 06 Oct 2015 23:55:08 EDT