AFL-CIO BUILDING INVESTMENT TRUST (BIT) AND THE POWER OF LABOR INVESTMENTS

The AFL-CIO Building Investment Trust (“BIT”), a bank collective trust for which PNC Bank, National Association serves as trustee is a $5.3 billion core commercial real estate fund and the only commercial real estate fund to carry the AFL-CIO brand.  Since 1988, the BIT has provided a vehicle for qualified pension funds and retirement plans to invest in commercial real estate.