AFL-CIO Investment Program - International Brotherhood of by malj


Building Investment Trust
               Presented By: Mike Stotz
   President, AFL-CIO Investment Trust Corporation
                   January 26, 2012
The IBEW & The Building
Investment Trust
                      A Strong Partnership
                          A Shared History
BIT projects have
•   Thousands of IBEW
    construction jobs

•   84 current servicing
    contracts with IBEW locals
A Shared Mission:
   Putting Members Back to Work

                         “It's good security knowing that
                        you're able to keep working. You
                        never want to know that you can
                           only work one week and then
                        you're done. It's nice to be able to
                                        have a stable job.”

    James Canner. Father. IBEW Local 134 Member.
Electrician at BIT Project 500 Lake Shore Drive
Honoring the IBEW Standard
“The BIT’s Labor policies are the same as those
contained in our NEBF Real Estate Program and are
unmatched in the commercial real estate industry. I
have spoken to numerous electrical workers who are
employed at BIT projects and they cannot express how
much these jobs are helping
them pay their bills and
provide for their families.”

 - Edwin Hill
IBEW International President
(pictured right with Investment Trust Corporation associates)
Electrical Workers (IBEW): National Electrical Annuity Plan - Washington, DC
NECA-IBEW Pension Trust Fund - Decatur, IL
Pension Hospitalization Benefit Plan of the Electrical Industry Pension Trust Fund – Flushing, NY
Electrical Workers Pension Fund, Local 103, IBEW - Boston, MA
Southern Electrical Retirement Fund - Goodlettsville, TN
Eighth District Electrical Pension Fund - Aurora, CO
IBEW #481 Money Purchase Pension Plan & Trust - Indianapolis, IN
Electrical Workers Local No. 292 Annuity Plan - Minneapolis, MN
Electrical Workers Local No. 26 Pension Trust Fund - Washington, DC
IBEW Local Union 1579 Pension Plan - Augusta, GA
Local No. 1, IBEW, Pension Benefit Trust Fund - St. Louis, MO
NECA-IBEW Local 176 Pension Fund - Joliet, IL
IBEW Local No. 38 Pension Fund - Cleveland, OH
IBEW Local Union No. 99 Annuity Plan - Cranston, RI
IBEW Local Union No. 212 Pension Fund - Cincinnati, OH

                                                                                                 Electrical Workers Local No. 292 Pension Plan - Minneapolis, MN
                                                                                                   Electrical Construction Industry Pension Plan - Milwaukee, WI
                                                                                                                     IBEW Local 131 Pension Plan - Kalamazoo, MI
                                                                                           NECA-IBEW Local 364 Defined Contribution Pension Fund - Rockford, IL
                                                                                                          IBEW Local Union No. 99 Retirement Plan - Cranston, RI
                                                                                           IBEW Local 43 and Electrical Contractors Pension Fund - Syracuse, NY
                                                                                                       Maryland Electrical Industry Pension Fund - Baltimore, MD
                                                                                              IBEW Local Union #226 Open End Pension Trust Fund - Topeka, KS
                                                                                                            IBEW Local #141 Profit-Sharing Plan - Wheeling, WV
                                                                                                                  Electricians' Salary Deferral Plan - St. Louis, MO
                                                                                                                    IBEW Local 117 Pension Fund - Crystal Lake, IL
                                                                                                                        Cascade Pension Trust Fund - Portland, OR
                                                                                                                    IBEW Local 1922 Pension Fund - Westbury, NY
                                                                                                      IBEW Local Union No. 915 Pension-Annuity Fund - Tampa, FL

29 IBEW Fund Participants
Strong Returns.
Uncompromising Standards.
Union Built
 $4.3 billion invested
 54 million hours of construction work created

Union Serviced
 Over 260 collectively bargained servicing contracts on 72
  current properties

Union Competitive
 $10 million invested in 1988 is worth $39 million today
From Recovery to Growth
BIT 2011 Investment Portfolio
& Job Creation

   $381 million invested. 1,200 union jobs created.
Tysons Corner East
McLean, VA
                                $138 million

• 5 adjacent buildings on
  16.8 acres of land

• 2 office buildings & 3 data

• BIT future development

• Adjacent to future Metro
  line rail
Cooper at Youngstown - Seattle, WA

•   $48 million BIT Investment
•   Multifamily and Retail Development
•   193 Units
•   To be Completed April 2013
750 Union Jobs
• $157 Million Invested

• 45 story multi-family

• 500 rental apartment

• 2,600 square feet of

• 6 story organic green

• Groundbreaking
  celebration took place
  on September 14th

            500 Lake Shore Drive - Chicago, IL
"It feels great to be getting a paycheck
and building a quality building. This
job is big-time. It's put a lot of guys to
work. You see a lot of guys on the job
happy who weren't so happy six
months ago."

          - Daniel Berg, IBEW Local 292
       Unemployed for two years prior to
             starting at Flux Apartments

                                             •   $38 million investment

                                             •   216 unit apartment building

                                             •   35 units occupied

                                             •   200 jobs created

                                             •   Sept. 6th BIT
                                                 co-hosted a Workers’
                                                 Appreciation Lunch
                                                 (pictured left)

   Flux Apartments - Minneapolis, MN
The BIT Stimulus Plan:
Union Investment.
Union Job Creation.
Doc Street Apartments
Minneapolis, MN:
  ◦ $39 million multi-family
  ◦ 276 rental apartments

Highland Park
St. Louis, MO:
   ◦ $42 million multifamily
   ◦ 276 units
  AFL-CIO Investment Program
AFL-CIO Housing Investment Trust
  ◦ Created 1964
  ◦ $4.2 billion in net assets as of September 30, 2011

AFL-CIO Building Investment Trust
  ◦ Created 1988
  ◦ $2.9 billion in gross assets as of
    September 30, 2011

AFL-CIO Equity Index Fund
  ◦ Created 2011
  ◦ $800 million committed
Following the Standard-Bearer

IBEW-NECA Equity Index Fund
•   $5 billion invested
•   91 Participating Plans

AFL-CIO Equity Index
•   Launched March 3,2011
•   $800 Million Committed
•   Responsible Proxy Voting
•   Trustee: Chevy Chase
•   Trust Manager : ASB Capital
    Management LLC
Union Worker Funds Represent Over
    $4 Trillion Dollars in Assets

                       Union Sponsored
                       ($480 billion)
                                         Public Employees
                                         ($2.8 Trillion)

      ($750 billion)

  Only .2% invested with AFL-CIO
       Investment Programs
Take Ownership of Your Money

       Invest Union
Contact Information

            Mike Stotz
AFL-CIO Investment Trust Corporation
     1425 K Street, NW, Suite 900
       Washington, DC 20005
       Phone: 202-898-9190
         Fax: 202-898-9194

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