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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 March 31, 2016, the BIT had a net asset value of $4.42B.

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 $6 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 72 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

Dalian Wanda Raises Buyout Offer for Property Arm Chinese property-and-entertainment conglomerate Dalian Wanda Group boosted its buyout offer for its $4 billion-plus Hong Kong-listed commercial property unit, calling the raised bid its best offer.
Mon, 30 May 2016 21:08:45 EDT

New York REIT, JBG Cos. Agree to Merge New York REIT Inc. and JBG Cos. have agreed to merge, forming an $8.4 billion real estate trust focused on the New York City and Washington, D.C., markets.
Thu, 26 May 2016 01:12:07 EDT