WELCOME TO THE AFL-CIO
BUILDING INVESTMENT TRUST (BIT)
The ONLY commercial real estate fund licensed to use the AFL-CIO brand.
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.
The BIT invests in assets located in the communities where union families live and work.
learn how to
INVEST IN THE BIT
Competitive risk-adjusted returns for qualified union pension plans.
RICHARD L. TRUMKA
The BIT’s investments have helped to generate more than 80 million union construction hours since the Fund’s inception.
Afl-cio investment trust corporation (itc)
The ITC was retained by PNC Bank, National Association, (PNC Bank or Trustee) to provide investor and labor relations services for the BIT. Through this relationship the ITC serves the BIT in a non-fiduciary capacity with a focus on managing investor communications, and providing labor relations assistance to the Trustee in implementing the BIT’s comprehensive labor policy.
ITC is a service provider to the labor retirement investment community, offering labor relations and investor relations services. Our investor relations department often acts as the principle point of contact for fund investors and specializes in providing superior quality client relationship management. Services include, but are not limited to, distribution of financial statements and reports, knowledge of updating and maintaining investor reporting systems, and responding to all inquiries from current investors.
ITC provides labor relations support services for its pension fund and investment manager clients. Services include assisting managers with their labor policies. ITC maintains a network of relationships with union signatory-contractors as well as local and national labor unions affiliated with the North America’s Building Trades Unions. These relationships enable ITC to work with investment managers to ensure harmonious and economically sound ventures.
AFL-CIO iTC financial, LLC (ITCF)
The ITCF is an indirect, wholly-owned subsidiary of the ITC, and is a registered broker-dealer under the U.S. Securities and Exchange Commission (SEC) Act of 1934, as amended, and member with the Financial Industry Regulatory Authority, Inc. (FINRA). The ITCF has been retained by PNC Bank to provide marketing services in connection with the BIT.