WELCOME TO THE AFL-CIO BUILDING INVESTMENT TRUST (BIT) The ONLY commercial real estate fund licensed to use the AFL-CIO brand. THE NUMBERS AT A GLANCE Since 1988, the BIT has directly or indirectly invested more than $7.4 BILLION for the development and acquisition of more than 200 office, retail, multifamily, hotel, warehouse, and mixed-use properties across the country. SEE OUR PORTFOLIO The BIT invests in assets located in the communities where union families live and work. COMPREHENSIVE UNION LABOR POLICIES learn how to INVEST IN THE BIT Competitive risk-adjusted returns for qualified union pension plans. MEET OUR PROFESSIONALS UNION PROUD! MESSAGE FROM RICHARD L. TRUMKA AFL-CIO PRESIDENT The BIT’s investments have helped to generate more than 80 million union construction hours since the Fund’s inception.
ABOUT pnc

PNC Bank, National Association (PNC Bank)

The BIT is a bank collective trust for which PNC Bank, National Association (PNC Bank) is the trustee. PNC Bank is an indirect, wholly-owned subsidiary of The PNC Financial Services Group, Inc. (PNC). With roots in commercial banking that date back to the 1800s, PNC is one of the largest diversified financial services organizations in the United States, with assets of $410 billion and a workforce of approximately 52,000 employees as of March 31, 2020. PNC, operating primarily in 19 states and the District of Columbia, provides retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.
bit trustee
As Trustee to the BIT and subject to the Trustee’s authority to delegate its authority under the Trust Agreement, PNC Bank is responsible for all aspects of the management and administration of the BIT, including the selection of investments. PNC Bank has retained PNC Realty Investors, Inc. (PRI) to provide real estate investment advisory and management services for the BIT. PNC Bank has established the BIT Investment Committee to manage the BIT. As of the March 31, 2020, the voting members of the BIT Investment Committee are primarily senior officers of PNC Bank and its affiliates.
contact pnc

PNC Bank, National Association
The Tower at PNC Plaza
300 Fifth Avenue
Pittsburgh, PA 15222

855-530-0640

PNC Realty Investors, Inc.

Investment Advisor

800 17th Street NW
12th Floor
Washington, D.C. 20006

410 237 5309

AFL-CIO ITC Financial, LLC.

Marketing

815 Connecticut Avenue NW
Suite 320
Washington, DC 20006

202 898 9190