Adobe Flash Player Required

Get Adobe Flash player
 
welder.jpg

About the AFL-CIO Building Investment Trust 

As of June 30, 2010, the AFL-CIO Building Investment Trust (BIT) is a $1.790 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. Learn More

Adobe Flash Player Required

Get Adobe Flash player

BIT News

all news  |  rss feed
BIT Properties Generate $80 Million in Total Disposition Proceeds During the first half of 2009, the BIT sold four properties generating $80 million in proceeds.
BIT Attracts Investments BIT participants reaffrm their commitment with additional investments.
BIT's Ritchie Station Heralded at Building Trades Convention President Mark Ayers of the BCTD, AFL-CIO recognizes BIT's efforts in creating union jobs.

Commercial Real-Estate News
Wall Street Journal Online

New Resorts Owners Roll Dice Morris Bailey and Dennis Gomes are paying $35 million for Resorts Atlantic City, at a time when gambling revenue is declining and customers are being siphoned off to Pennsylvania venues.
Wed, 01 Sep 2010 14:22:47 EDT

Citigroup Gets Burned in the Caribbean The bank is selling its mortgage on the Viceroy Anguilla to Starwood Capital Group at a hefty discount, the latest example of capitulation by a bank that has nursed a troubled real-estate project for years.
Thu, 02 Sep 2010 11:48:49 EDT