Success Stories

The following Success Stories contain descriptions of investment funds that together are managing over $30 billion and provides a detailed analysis of some of the firms and their investment projects.

Revitalizing a long-abandoned hospital building: The Octagon, New York City

The Multi-Employer Property Trust (MEPT Fund) rebuilt an abandoned hospital on the tip of Roosevelt Island, New York, and converted it into a green housing community with 500 units, plus a daycare center and other essential amenities.

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New Flyer Industries: Winnipeg, Manitoba, St. Cloud and Crookston, MN

The KPS Special Situations Fund restructured a bankrupt transportation company with factories in St. Cloud and Crookston, MN, and Winnipeg, Manitoba.

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Investing in Renewable Energy Jobs: Xantrex, Vancouver, B.C

The GrowthWorks Fund, a Labour-Sponsored Investment Fund (LSIF)  owned by 50,000 workers in British Columbia, invested in a Canadian renewable energy company called Xantrex which pioneered new inverters and chargers for wind and solar energy systems.  

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Rebuilding a derelict waterfront: Sovereign Apartments, Hoboken, New Jersey

The AFL-CIO Housing Investment Trust (HIT) provided $68 million in financing for the Sovereign Apartments (261 residences), transforming the blighted Hoboken waterfront. 

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