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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

Trump No-Show Earns City's Ire in Bench Battle New York City officials fined Donald Trump $10,000 after his representatives failed to show up at a hearing to explain why a bench remained missing from the Trump Tower lobby.
Thu, 23 Jun 2016 21:24:45 EDT

Rising Supply Pressures Urban Rental Boom After a five-year boom in which rents have jumped by about 20% nationwide, some of the nation’s biggest cities—New York, San Francisco, Seattle and Boston among them—are beginning to see slower increases.
Tue, 21 Jun 2016 23:35:23 EDT