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The AFL-CIO Building Investment Trust 

2014 BIT Brochure Released! 

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, 2014, the BIT had a net asset value of $3.37 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 $5.7 billion for the development and acquisition of more than 180 office, retail, multifamily, hotel, warehouse, and mixed use properties across the country.  These investments have generated approximately 68 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 Holds Appreciation Luncheon in New York September 26, 2014 New York, NY

Commercial Real-Estate News
Wall Street Journal Online

Chinese Firm Looks to California A Chinese real-estate firm known for its big investments at home is casting its net much farther afield, becoming one of the most aggressive property buyers in California.
Tue, 27 Jan 2015 19:07:47 EST

Builders Bet on Strong Spring With Speculative Homes Home builders are ramping up their construction of speculative homes—those built without a buyer lined up in advance—in anticipation that the recent pickup in sales will carry through to the spring home-buying season.
Tue, 27 Jan 2015 19:14:39 EST