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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 June 30, 2016, the BIT had a net asset value of $4.54 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 28 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. 

To view our annual brochure, please click here.

To view our brochure featuring North America's State Building Trades, please click here.

To sign-up for our email newsletter, please click here


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BIT News

AFL-CIO Building Investment Trust & Joint Venture Partner Break Ground In St.Louis Missouri's labor community joined politicians, and real-estate developers to celebrate the groundbreaking of the second BIT multifamily residential project in St. Louis, Encore.
AFL-CIO Building Investment Trust & Joint Venture Partner Break Ground In Culver City The labor leaders of Southern California joined politicians, real-estate developers, and representatives of the AFL-CIO Building Investment Trust (BIT) to celebrate the groundbreaking of the Culver City Creative office.
AFL-CIO Building Investment Trust Cuts Ribbon At Chicago’s Wolf Point West The labor leaders of Chicago joined politicians, real-estate developers, and representatives of the AFL-CIO Building Investment Trust (BIT) at the BIT's recently completed project, Wolf Point West.

Commercial Real-Estate News
Wall Street Journal Online

Pierhouse Condos Take a Bow in Brooklyn Bridge Park The two condominium buildings and an adjacent hotel are massive horizontal structures at the edge of the park and offer up-close city views.
Thu, 22 Sep 2016 00:37:12 EDT

Blackstone Bets Big on Logistics Blackstone Group has cut a deal to pay $1.5 billion for a portfolio of logistics centers, in the latest sign that this e-commerce-driven business is one of the hottest areas in the commercial property industry.
Thu, 22 Sep 2016 12:03:54 EDT