AFL-CIO Building Investment Trust
The AFL-CIO Building Investment Trust (BIT) began operations July 1, 1988. Originally investing in 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 as a fund investing primarily in equity real estate assets. The BIT's principal objectives in making real estate investments is to generate competitive income and long-term capital appreciation while protecting investor's capital and providing retirement security for union members. The BIT also created and operates with one of the most comprehensive union labor policies in the U.S. real estate industry, helping to create union jobs throughout the country.