The AFL-CIO Building Investment Trust is a $2.974 billion pooled real estate fund serving pension plans with union beneficiaries. The mission of the Trust is to provide competitive risk-adjusted returns for its 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. Since its founding in 1988, the Trust has participated in nearly $4.3 billion in real estate investment transactions across the United States. The Trust is managed by a bank Trustee, PNC Bank, National Association.

The Trust was created in 1988 in furtherance of the AFL-CIO’s desire to meet the growing interest of union pension plans in the rapidly growing commercial real estate market. It has since evolved into a premier real estate investment fund for Taft-Hartley and public sector pension plans – a fund that seeks to deliver highly competitive returns to its participants through prudent investments in high quality assets.

These investments also improve the economic vitality of America’s urban centers by supporting good jobs, building much needed housing and commercial development and providing long-term economic growth. Since inception, the Trust has committed nearly $4.3 billion for the development or acquisition of more than 160 office, retail, multifamily, hotel, warehouse and mixed-use properties across the country.

As a result of labor policies that serve as a model for the investment industry, the Trust’s investments have generated an estimated 27,000 jobs for members of the building and construction trades unions as well as thousands of permanent union jobs in the service, maintenance and operation of facilities owned by the Trust.