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.
BIT at a GLANCE

As of 3/31/2020

0
M
Square Feet (In Millions) (1)
0
B
Gross Asset Value (In Billions) (2)
0
B
Net Asset Value (In Billions) (3)
0
Number of Properties (4)
0
Number of Participants (5)
0
%
1-Year Gross Return*
0
%
1-Year Net Return*
0
%
Annualized Net Return (Since Inception: 7/1/88)*

Performance data shown represents past performance. Past performance does not guarantee future results. Gross returns are calculated net of fund level expenses, except for Trustee fees. Net returns are calculated net of all fund expenses. Returns are calculated quarterly on a time-weighted basis using beginning-of-period values and reflect the reinvestment of all income. All returns, with the exception of those for the current quarter, are annualized. Income is the dividends, interest, and rents net of operating expense from BIT investments and other sources (except realized and unrealized gains and losses from investments). Net appreciation is the realized and unrealized gains and losses from BIT real estate investments calculated based on fair values determined utilizing independent real estate appraisals. Each year, the consolidated financial statements of the BIT are audited by an independent firm, and financial statements based upon such audit are delivered to each Participant. The fair market value of each real estate investment as reflected in such audited financial statements is derived using the same information and methodology as discussed above. Additional information is available in the Investment Memorandum of the BIT or otherwise available upon request.

1. The total rentable square footage within the BIT’s office, industrial, and retail
investments.
2. The Gross Asset Value or “GAV” is the NAV plus the sum of BIT’s debt on
wholly-owned investments and BIT’s proportionate share of debt on joint venture
investments.
3. The Net Asset Value or “NAV” is the value of all investments owned, plus cash,

receivables, and other assets minus liabilities.
4. The number of real estate investments.
5. The number of all BIT institutional investors.

PNC Realty Investors, Inc.

Investment Advisor

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

410 237 5309