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About the AFL-CIO Building Investment Trust
As of December 31, 2011, the AFL-CIO Building Investment Trust (BIT) is a $2.242 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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BIT News
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BIT Property Receives 2011 Jack Kemp Model of Excellence Award
On the Park apartments recognized as outstanding achievement with innovative financing
AFL-CIO Building Investment Trust Honors Workers
Hosts Appreciation Lunch for Over 150 Union Construction Workers at Flux Apartments in Minneapolis
BIT and Related Midwest Break Ground on the $157 million 500 Lake Shore Drive Apartments
Investment to Create 750 Construction Jobs in Chicago
Commercial Real-Estate News
Wall Street Journal Online
GSA Picks Trump Plan for Project
A proposal from Trump Hotel Collection and private-equity investor Colony Capital was selected by the General Services Administration to redevelop Washington's Old Post Office Building into a luxury hotel.
Wed, 08 Feb 2012 10:13:18 EST
Cambodia's Developers Aim at Stars
A high-rise building boom in Cambodia's capital city, Phnom Penh, derailed by the 2008-2009 financial crisis, is starting up again.
Wed, 08 Feb 2012 11:38:45 EST