About the AFL-CIO Building Investment Trust
As of March 31, 2012, the AFL-CIO Building Investment Trust (BIT) is a $2.32 billion pooled real estate fund serving pension plans with union beneficiaries. The mission of the BIT is to provide competitive risk-adjusted returns for its pension plan participants through investments nationwide in institutional quality commercial real estate while promoting economic development and creating union jobs for America’s working men and women.
The BIT invests exclusively in US markets and has developed and implemented the investment industry's most comprehensive written union labor policies. Over its more than 20 year history, the BIT has invested over $4 billion for the development and acquisition of more than 160 office, retail, multifamily, hotel, warehouse, and mixed use properties across the country. These investments have generated approximately 54 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.
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