The AFL-CIO Building Investment Trust began operations July 1, 1988, as an open-end, commingled group trust. Originally investing only real estate-related debt, the BIT's investment strategy has evolved as its assets have grown: first to a balanced debt and equity fund and today a fund investing primarily in equity real estate assets.
The BIT's principal objectives in making real estate investments is to generate competitive risk-adjusted returns by investing in real estate investments that have the potential to offer current cash return, long-term capital appreciation, or both.
During 28 years of operation, the BIT has established a solid track record of competitive risk-adjusted returns, with an annualized gross return since inception of 7.97%.
The AFL-CIO Building Investment Trust ("BIT") reported gross and net returns of 1.50% and 1.27%, respectively for the fourth quarter of 2016. Gross and net returns for the one-year period ended December 31, 2016 were 7.77% and 6.81%, respectively.