# Eastern Atlantic States Carpenters Pension Fund

Eastern Atlantic States Carpenters Pension Fund is a Pension Fund based in Philadelphia, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Philadelphia, United States
- **Region:** North America
- **Address:** Philadelphia, PA, United States
- **Founded:** 1962
- **Assets under management:** Undisclosed
- **Website:** eascarpenters.org
- **LinkedIn:** https://www.linkedin.com/company/eas-carpenters-fund

## Regulatory record

- **Reports private funds:** No

## About

Benefit Fund Office that helps to provide Union Carpenters with the best possible benefits. | The Eastern Atlantic Carpenters Fund is a Benefit Fund that helps provide Union Carpenters and their families with the best possible benefits during their active career and throughout retirement.

## Sectors

- Real Estate
- Infrastructure
- Private Credit

## People

- William Sproule — Executive Secretary-Treasurer, Eastern Atlantic States Regional Council of Carpenters
- Pete Tonia — Executive Fund Director
- Joe Ooitz — Fund Director

## Questions

### Who runs investment decisions at the Eastern Atlantic States Carpenters Pension Fund?

Executive Fund Director Pete Tonia and Fund Director Joe Ooitz manage day-to-day investment operations. The Board of Trustees, chaired by Eastern Atlantic States Regional Council of Carpenters Executive Secretary-Treasurer William Sproule, holds ultimate fiduciary authority over asset allocation and manager selection. Investment staff present recommendations, but the Trustees vote on commitments.

### How does the fund source proprietary deal flow?

The fund sources deals through its regional contractor network and developer relationships tied to the Eastern Atlantic States Regional Council of Carpenters. Because the council has direct visibility into active construction projects and sponsor behavior across its jurisdiction, the investment team can diligence opportunities before they reach a broad market process. This channel is reinforced by the national United Brotherhood of Carpenters network.

### Does the fund participate in fund commitments or only direct deals?

The portfolio includes both direct real estate ownership and commingled fund commitments. The ARA Core Property Fund LP is one named vehicle in the portfolio, structured as a core commercial real estate fund. Separate accounts labeled Core, Core Plus, and Value Add suggest a mix of direct co-investment alongside operating partners and dedicated managed portfolios.

### How is the fund related to the Eastern Atlantic States Regional Council of Carpenters?

The Regional Council is the parent labor organization that established and oversees the fund. EASRCC Executive Secretary-Treasurer William Sproule chairs the Board of Trustees, and council contributions from signatory contractors fund the plan. The fund is legally separate under ERISA but operationally integrated with the council's leadership and contractor network.

## Related profiles

- [Eastern Alliance Insurance Company](https://altss.com/profile/eastern-alliance-insurance-company)
- [Eastern Oriental Financial Services](https://altss.com/profile/eastern-oriental-financial-services)

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Last updated: 2026-06-03T20:00:00.000Z

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