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

A Bet on Miami Signals Luxury Retail's Urban Shift General Growth Properties. and Ashkenazy Acquisition are paying $280 million for a 20% stake in the company that owns much of this city’s Design District, betting on the emerging luxury-retail neighborhood as some 50 brands prepare to open new stores.
Tue, 28 Oct 2014 21:38:19 EDT

A Modular-Design Setback in Brooklyn Advocates of affordable housing and for design innovation cheered in 2011 when Forest City Ratner unveiled plans to push “modular” construction techniques with a Brooklyn apartment tower. But now Forest City and construction company Skanska USA are suing each other over B2 BKLYN.
Sun, 26 Oct 2014 21:59:46 EDT