# United Brotherhood of Carpenters and Joiners of America (UBC)

United Brotherhood of Carpenters and Joiners of America (UBC) is a Pension Fund based in Washington, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Washington, United States
- **Region:** North America
- **Address:** Washington, DC, United States
- **Founded:** 1881
- **Assets under management:** Undisclosed
- **Website:** carpenters.org

## Regulatory record

- **Reports private funds:** No

## About

The UBC was founded in 1881 in Chicago, representing carpenters, millwrights, and joiners across the U.S. and Canada. Douglas McCarron, the union's longest-serving General President, consolidated power in the 1990s and shifted the organization's investment strategy toward direct asset ownership. The union's pension fund deploys capital through buyout strategies and direct real estate holdings. Known owned assets include the UBC International Headquarters at 101 Constitution Ave. NW in Washington, DC, the Carpenters International Training Center in Las Vegas, and commercial properties such as the Homewood Suites and Tru by Hilton near the Las Vegas airport. The UBC also maintains a Canadian Built Opportunities Platform. Geographic footprint spans the U.S. and Canada. The union's investment team includes General Secretary-Treasurer Jason Engels and Director of Real Estate Randy Sowell. Adjacent entities include the UBC National Job Corps Training Fund and the Working Family's Friend advocacy group. In the last 24 months, the UBC has continued to manage its owned real estate portfolio and has engaged in buyout-focused commitments through its pension fund (public record). The UBC's structural differentiator is its hybrid model: a labor union with a significant direct real estate investment arm that operates hotels and training centers alongside a traditional pension fund allocating to private equity buyouts. Its governance centralizes investment decisions under the General President's office, distinct from many union funds that delegate to external managers.

## Sectors

- Real Estate
- Private Equity
- Infrastructure

## People

- Douglas J. McCarron — General President
- Gary Perinar — General Vice President
- Jason Engels — General Secretary-Treasurer
- Randy Sowell — Director of Real Estate

## Questions

### Who makes investment decisions at the UBC pension fund?

General President Douglas J. McCarron is the central figure, with General Secretary-Treasurer Jason Engels overseeing financial operations and Randy Sowell directing real estate investments. The structure concentrates authority under the General President's office, per the union's public filings.

### What types of real estate does the UBC own?

The UBC owns commercial properties including its Washington, DC headquarters, the Carpenters International Training Center in Las Vegas, and two Hilton-branded hotels near the Las Vegas airport (Homewood Suites and Tru by Hilton). It also holds undeveloped land adjacent to the training center.

## Related profiles

- [Taylor Insurance Series LP - Diversified Strategies - Series G](https://altss.com/profile/taylor-insurance-series-lp-diversified-strategies-series-g)
- [United Food & Commercial Workers, Local #919 (UFCW)](https://altss.com/profile/united-food-and-commercial-workers-local-919-ufcw)

---

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

Canonical page: https://altss.com/profile/united-brotherhood-of-carpenters-and-joiners-of-america-ubc

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology