The BIT is a bank collective trust for which PNC Bank is trustee. The BIT is comprised of qualified union pension and retirement plans. A mission of the BIT is to provide investors with competitive risk-adjusted returns through investments in institutional quality commercial real estate that seeks to generate competitive levels of income and long-term capital appreciation. The BIT also provides collateral benefits such as union job creation and economic development by utilizing one of the most comprehensive union labor policies in the U.S. real estate industry.
News from AFL-CIO Building Investment Trust:
Wolf Point West, Residential Chicago Riverfront Development, Breaks Ground
Construction project first of three new buildings to create hundreds of local jobs. CHICAGO, July 18, 2014 /PRNewswire/ — A groundbreaking ceremony took place this morning (Friday, July 18, 2014) at Wolf Point West Tower featuring more than one hundred and fifty workers and local labor leaders. Wolf Point West Tower is a $160 million, […]
New construction is a project of the AFL-CIO Building Investment Trust (BIT) PORTLAND, Ore., April 28, 2014 /PRNewswire/ — Dozens of workers, elected officials, and community leaders gathered in Portland today to honor Workers' Memorial Day (April 28th) for a ceremonial groundbreaking of Lloyd District Commons, a new construction investment by the AFL-CIO Building Investment […]
