BUILD Funds 
The BUILD Funds are tax exempt commingled real estate trusts that provide pension funds the opportunity to diversify their existing stock and bond portfolio with “to-be-built” institutional quality real estate projects. 
Through investments allocated by Fund participants, the BUILD Funds offer financing for qualified construction projects.  The BUILD Funds primarily provide equity financing, however on occasion, will offer traditional debt or mezzanine debt financing options. 
AmeriServ Trust and Financial Services Company serves as the Fund Trustee and a Qualified Professional Asset Manager (QPAM) under ERISA.  This structure eliminates the need for plan trustees to make individual real estate investment decisions. 
How Do The Build Funds Work? 
Our investment focus is providing a stable income stream with the potential for capital appreciation.  The BUILD Funds invest in “to-be-built” projects or rehabilitation projects using only contractors and subcontractors that are signatories to a collective bargaining agreement recognized by the Building and Construction Trades Department of the AFL-CIO. 
The BUILD Funds target projects and areas that historically have not been union strong holds.  The BUILD Funds’ projects increase that construction market share for union labor and signatory contractors. 
Two BUILD Funds exist today, including a national BUILD Fund of America, which was established by AmeriServ Trust and Financial Services Company in 2002, and the BUILD Fund of Indiana which commenced operations in 2001 and is specific to projects and investors in the state of Indiana.   
For more information, please contact: 
Cassie Moon 
Vice President and Manager 
Specialty Real Estate Division 
PO Box 520 
Johnstown, PA 15907 
1-800-837-2265 (extension 5220) 
AmeriServ Trust and Financial Services Company engages the real estate advisory services of Labor-Management Fund Advisors, LLC (LMFA).  LMFA is located in Troy, Michigan and acts as the primary client liaison for both developers and investors associated with the BUILD Funds. 

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