PNC Bank, National Association (PNC Bank)

PNC Bank is a national banking association organized and existing under the laws of the United States.  With roots in commercial banking going back more than 150 years, the PNC Financial Services Group Inc. is today one of the nation's largest financial services companies with a diversified mix of services that includes retail and corporate banking, and wealth and asset management businesses.

As Trustee to the AFL-CIO Building Investment Trust (BIT), PNC Bank is responsible for all aspects of the management and administration of the BIT, including the selection of investments. PNC Bank has established the BIT Investment Committee to manage the BIT.  As of the date hereof, the voting members of the BIT Investment Committee are senior officers of PNC Bank and its affiliates.  The BIT Investment Committee also includes one additional independent voting member with institutional real estate expertise. 

PNC Bank has retained PNC Realty Investors, Inc. to perform real estate investment advisory and management services, as well as administrative services, in connection with the BIT.  PNC Bank also has retained the ITC to assist PNC Bank in marketing the Trust and providing investor and labor relations services.

PNC Bank, National Association
249 Fifth Avenue, 1 PNC Plaza
Pittsburgh, PA 15222
(412) 762-2000


Adobe Flash Player Required

Get Adobe Flash player

BIT News

Union Investment Brings New Development and Jobs to Seattle Workers Honored by Developers at Luncheon
BIT Beats Industry Benchmark BIT's gross returns for the first quarter of 2012 exceed the industry benchmark

Commercial Real-Estate News

Mall Empire Expands With $4.3 Billion Deal David Simon's spun-off real-estate investment trust, Washington Prime Group, said it would purchase Glimcher Realty Trust, another mall REIT, in a cash-and-stock deal valued at $4.3 billion.
Fri, 19 Sep 2014 15:39:00 EDT

Dalian Wanda Property Arm Plans Hong Kong IPO Dalian Wanda Commercial Properties, which is controlled by Chinese billionaire Wang Jianlin, aims to raise up to $6 billion with a Hong Kong initial public offering.
Tue, 16 Sep 2014 18:05:08 EDT