UNITE HERE HEALTH

UNITE HERE HEALTH

UNITE HERE HEALTH Staff Pension Plan was established in 1989 to provide defined retirement benefits to the eligible employees of UNITE HERE HEALTH, the trust fund arm that administers healthcare for the hospitality union's members. Governance sits with a Board of Trustees chaired by Gwen Mills, who also serves as President of UNITE HERE International Union, and day-to-day management is overseen by Chief Executive Officer Matthew Walker. The plan is headquartered in Aurora, Illinois, with a secondary operational and real estate presence in Las Vegas, Nevada, a hub for the union's gaming and resort membership. The fund's investment posture is conservative and property-heavy, consistent with a mature defined benefit plan serving a stable workforce. Its known portfolio reveals a preference for direct commercial real estate holdings located in the union's core geographic and industry corridors. Confirmed assets include Liberty Commons, an office property at 711 North Commons Drive in Aurora, and two Las Vegas properties — St. Louis Square, also known as the Culinary Health Fund Building, at 1901 Las Vegas Boulevard South, and the Nellis-Stewart Property. The plan also makes indirect real estate commitments through vehicles such as the UBS Realty Investors fund based in Hartford, Connecticut. No publicly reported positions in traditional equity, fixed income, or alternative asset classes like private equity or venture capital have been identified. The pension plan is a small institutional investor by absolute scale, with an Altss-estimated asset pool of approximately $184 million. Its external footprint extends beyond Illinois and Nevada through its real asset portfolio. The trust fund maintains an active role in the National Alliance of Healthcare Purchaser Coalitions, reflecting the overlapping healthcare and benefits mission of the broader UNITE HERE HEALTH organization. The plan's operational and investment activities are deeply intertwined with the contributing employer network, most notably MGM Resorts International, which represents a significant source of plan participants. The plan's defining structural feature is its identity as a single-employer plan within a broader multi-employer union ecosystem. Unlike the large Taft-Hartley plans that pool assets across numerous contributing employers and locals, this fund covers only the staff of the trust fund itself. This creates a governance model where the plan sponsor, UNITE HERE HEALTH, is essentially the union's own benefits administration arm, blurring the standard sponsor-trustee separation and aligning investment policy tightly with the union's operational culture rather than with external co-investor demands.