Adobe Flash Player Required

Get Adobe Flash player

The AFL-CIO Building Investment Trust 

2014 BIT Brochure Released! 

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, 2014, the BIT had a net asset value of $3.15 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 26 year history, the BIT has invested over $5.5 billion for the development and acquisition of more than 180 office, retail, multifamily, hotel, warehouse, and mixed use properties across the country.  These investments have generated approximately 68 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

Adobe Flash Player Required

Get Adobe Flash player

BIT News

BIT Holds Appreciation Luncheon in New York September 26, 2014 New York, NY

Commercial Real-Estate News
Wall Street Journal Online

Ruling Clears a Path for NYU Expansion New York University has scored a court victory that could allow it to move forward with its plans to build about 2 million square feet of new facilities in Greenwich Village.
Tue, 14 Oct 2014 22:51:25 EDT

High Court Considers Rent-Regulated Leases The state’s highest court weighed in Tuesday on a dispute over a plan by a bankruptcy trustee to sell the rent-stabilized apartment of an 80-year-old East Village woman to her landlord.
Tue, 14 Oct 2014 22:53:49 EDT