ESBD_570289_1792519196199_TRS000708_Real Estate Market Analytics Services_RFP_final.pdf

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October 20, 2026 Issuance of RFP

October 28, 2026, 10:00 a.m., Central Time Pre-Proposal conference attendance is non-mandatory. Conference call/virtual meeting information provided in Summary Details section below.

November 2, 2026, 3:00 p.m., Central Time Deadline for submission of questions

November 18, 2026, 3:00 p.m., Central Time Deadline for submission of Proposals Late Proposals may not be considered

Mid-December 2026 Presentations, demonstrations, interviews, and/or site visits by top-ranked Respondents, if requested. TRS may elect to conduct presentations, demonstrations, interviews, and/or site visits as part of the evaluation process.

TRS Solicitation Name: Real Estate Market Analytics Services TRS Solicitation Number: TRS000708

I. Summary Details II. Definitions III. Summary of Procurement and Services IV. Veteran Heroes United in Business Subcontracting Plan Requirements and Information V. Evaluation Process and Criteria VI. Proposal Submission Instructions VII. General Solicitation Information VIII. Draft Contract (separate document)

TRS Solicitation Name: Real Estate Market Analytics Services

TRS Solicitation Name: Real Estate Market Analytics Services

Contractor shall provide TRS with access to commercial real estate information and an analytics platform that supports investment underwriting, market research, portfolio monitoring, benchmarking, and investment decision-making for purposes of supporting TRS’ real estate investment activities. Services shall include access to integrated commercial real estate data, analytics, research, workflow tools, and related user support.

Request for Proposal (“RFP”) Teacher Retirement System of Texas (“TRS”) Procurement & Contracts 4655 Mueller Boulevard Austin, Texas 78723 Attention: Aundre Petty Competitive procurement per Texas Government Code Section 825.103 Proposals that do not meet the following minimum requirement and qualification will be rejected as non-responsive and disqualified:

Item 1: Respondents’ organization must have a minimum of four (4) years of experience providing real estate market analytics services similar in scope to the services described in this Solicitation.

Respondent shall provide a description of its qualifying organizational experience and identify the dates or period during which the services were provided sufficient to demonstrate at least four (4) years of qualifying experience.

Respondents are required to submit Responses in TRS’ Procurement and Vendor E-System (“PAVES”).

Please see “Proposal Submission Instructions” section on how to create a confirmed bidder account for purposes of submitting a Proposal.

See due date provided in Anticipated Schedule of Events The initial Contract term will be five (5) years from effective date of Contract

TRS Solicitation Name: Real Estate Market Analytics Services

One (1) one-year optional renewal. If the awarded Contract includes optional renewal terms, proposed annual pricing will be applied to each such term. TRS does not allow for escalation of pricing for renewals under this Solicitation.

Aundre Petty aundre.petty@trs.texas.gov

All questions and inquiries about this Solicitation must be sent to the Procurement and Contracts Representative only.

Upon issuance of this Solicitation, Respondents and their representatives shall not discuss the contents of this Solicitation with anyone (including other Respondents, potential Respondents, or their representatives), other than the TRS Procurement and Contract Representative identified above.

Vendors shall not discuss this Solicitation with other Vendors, as such communication may be viewed as possible collusion, which may lead to disqualification.

Failure of a Respondent or any of its representatives to observe this restriction may result in disqualification of any related Proposal. This restriction does not preclude discussions between affected parties for the purpose of conducting business unrelated to this Solicitation.

Blender Hill

(512) 542-6867 Blender.Hill@trs.texas.gov

- The optional pre-proposal conference will be held virtually via Microsoft Teams. See Anticipated Schedule of Events for date and time. To be sent the invite, Respondents must e-mail the TRS Procurement and Contract Representative by

27, By attending the pre-proposal conference, attendees agree to allow TRS to include their name and email address from the conference virtual sign-in sheet in an Addendum issued by TRS following the conference. During the pre-Proposal conference, TRS will provide an overview of how to register and submit a Proposal in PAVES. Potential Respondents are encouraged to attend.

TRS Solicitation Name: Real Estate Market Analytics Services

Changes to items directly impacting the Solicitation will be posted as an Addendum on the Electronic State Business Daily (“ESBD”) located at https://www.txsmartbuy.com/esbd and in PAVES. It is the responsibility of an interested party to periodically check PAVES or the ESBD for updates to the Solicitation prior to submitting a Proposal.

Respondents may submit questions regarding this Solicitation to TRS through PAVES by participating in the Question Round of this Solicitation and following the instructions found in “How to Submit a Proposal.”

Questions must be received no later than the due date provided in Anticipated Schedule of Events.

Telephone inquiries will not be accepted. Each Respondent is solely responsible for verifying TRS’ receipt of its questions.

, TRS may request that top-scoring Respondents present an overview of Services proposed in their Proposals. Presentations, interviews, and/or demonstrations will either be performed virtually or at TRS’ offices located at 1900 Aldrich Street, Austin, Texas. For dates and times, see Anticipated Schedule of Events. The number of top-scoring Respondents will be determined by TRS at its sole discretion.

TRS Solicitation Name: Real Estate Market Analytics Services below:

A.

B. Intelligence: (1) A branch of computer science devoted to developing data processing learning, and self-improvement. (2) The capability of a device to perform fun normally associated with human intelligence, such as reasoning, learning, and self-improvement.

C.

Response” has the same meaning as “Bid”, D.

, but not limited to, E. Contract Manager: The person designated by TRS to be the point of contact between TRS and Contractor for monitoring Contract performance and providing day-to-

F. Contractor or Vendor and third- d or contracted.

G.

to impact Contractor’s performance.

H. Days: Calendar days, I. Financial Interest: Receiving, or having a right to receive, money or other valuable property

, employee, or the like, or holding a

J.

August 31.

TRS Solicitation Name: Real Estate Market Analytics Services

K. Project Manager: The individual who will have primary responsibility for planning, on Contractor’s behalf in any undertaking that has a

L.

stepson, daughter or stepdaughter, mother-in-law, father-in-law, sister-in-law, brother-in-law, son-in-law, or daughter-in-law.

M. in response

N. and VetHUB and other submission requirements.

O.

, including Services associated with Contractor’s performance under a Contract

P.

and third-party service providers, regardless of how such persons or contracted.

TRS Solicitation Name: Real Estate Market Analytics Services

, issues this Soli elect TRS with access to a commercial real estate

-making for TRS’ real e TRS reserves the right to make no award, a single award, or

TRS is a service-t security by prudently lives.

The selected Respondent shall provide Services , inclusive of the Contract. The Scope of Work (“SOW”) located within the draft Contract portion of this contains seven (7) main Service categories as follows:

1. commercial property information, including property characteristics, location, asset type, physical attributes, building details, ownership information, tenant information, occupancy information, available space, and other property-level data available through the platform

2. lease comparables, leasing activity, lease history, asking rents, tenant intelligence, and related leasing analytics to support market research, benchmarking, underwriting assumptions, and monitoring of real estate exposures

3. sales comparables, transaction history, for-sale information, prior transactions, ownership changes, and related market intelligence to support valuation, investment underwriting, and portfolio analysis

4. market and submarket analytics, including rent, vacancy, availability, absorption, development, demographic, peer comparison, and forward-looking trend indicators available through the platform

TRS Solicitation Name: Real Estate Market Analytics Services

5. search, filtering, saved search, alert, reporting, and export capabilities to allow TRS users to identify properties, monitor markets, evaluate opportunities, and track relevant changes in markets or assets

6. access to commercial real estate news, research, market commentary, and data verification through Contractor’s platform

7. account management, onboarding assistance, user support, training resources, and technical support reasonably necessary for TRS users to access and use Services.

TX-

TRS, in - -RAMP c Texas Department

“DIR”) Respondent shall a -RAMP c level II case for each independent cloud product/service covered under any contract within thirty (30) days -RAMP c . In such circumstances, Respondent shall receive from DIR any such contract. To the ent. See also TRS General Terms “20. -

TRS Solicitation Name: Real Estate Market Analytics Services

V B

TRS Solicitation Name: Real Estate Market Analytics Services

In accordance with section 2161.252 of the Texas Government Code and section 20.285 of title 34 of the Texas Administrative Code, each state agency that considers entering a contract with an expected value of $100,000 or more over the life of the contract (including any renewals) shall, before the agency solicits bids, proposals, offers, or other applicable expressions of interest, determine whether subcontracting opportunities are probable under the contract. If subcontracting opportunities are probable, each state agency’s invitation for bids, requests for proposals, or other purchase solicitation documents with an expected value of $100,000 or more shall state that probability and, if probable, require a Veteran Heroes United in Business (“VetHUB”) Subcontracting Plan (“SP”).

Texas Government Code and it was determined that there are no Contract

. Therefore, TRS does not require that an Responses. However, Services, Respondent must submit a completed SP with their Response and follow the provided in the SP form.

TRS may determine at any point during the life of any Contract require Contractor to submit an SP at Contractor determines a need to subcontract services, materials, or supplies to a subcontractor at any point during the life of the Contract, Contractor must receive prior approval and request a review of an SP.

If an SP is required, Contractor must complete, sign, and submit a Progress Assessment Report (“PAR”) form monthly via PAVES no later than the last day of the month for the remaining life of the Contract.

Failure to submit the PAR form with the invoice will cause delay in payment. The PAR form shall be completed by Contractor, even if Contractor declares “self-performing” on the SP. The PAR f etHUB to provide the Service.

please contact TRS’ VetHUB Coordinator, Blender Hill at blender.hill@trs.texas.gov. Respondents

TRS Solicitation Name: Real Estate Market Analytics Services

For a list of VetHUB vendors, Respondents may use the Centralized Master Bidders List (“CMBL”) and VetHUB Directory by following these

1. Access the CMBL and VetHUB Directory at:

2. The CMBL p . Ensure that ‘All Vendors’ is searched.

3. Enter the Class and Item codes (leave ‘Item’ blank to select any).

4. Enter District n ‘District’ blank to select all).

5. Click ‘Submit Search’

6. Detail l

7. Check ethnicity , g business d , and ‘Go.’

8. VetHUBs on the ‘Results For CMBL Plus VetHUBs’ search page (VetHUB category is on far right).

9. Select VetHUB vendor and click on company name. .

10. ‘VetHUB Status’ ‘Vendor Detail’ page.

11. If vendor appears to meet your needs, solicit a bid or response of interest.

12. VetHUBs for each

TRS Solicitation Name: Real Estate Market Analytics Services

Code over purchasing goods and services and is statutorily exempt from tle 10 of the Texas Government Code. will select the vendor who relevant factors that are in TRS’ “Best overall with the best interests of TRS.

a Respondent’s also be rejected as non-

Item 1. Respondents’

Proposals which meet all minimum q . An I

Round. TRS may of about its Proposal shall be provided to

Respondents by TRS’ Responses will be scored under best value standards which are in TRS’ best interests using the following general categories for which weights are shown:

Respondent Past Performance and Client References 30% Respondent’s Key Personnel 10% Proposed Performance Details 40% Proposed Pricing 20%

-scoring Respondents a round is unnecessary and ask all or only top-scoring Respon allows Respondents to highlight the strengths and unique aspects of their Responses. TRS may of from any Respondent during this Round shall be provided to Respondents by TRS’ criteria for the Round may include, but are not limited to, Respondent’s:

1. demonstrated understanding of RFP requirements and ability to satisfactorily describe the processes/methodologies for delivering Services

2. demonstrated experience in undertakings similar in scope and complexity to those indicated in this Solicitation, including past performance

3. team member interaction and Respondent’s interaction with TRS

4. presentation quality and ability to meet TRS’ needs.

P , Interview, and/ , Respondents may be required to submit this Round. , Interviews, and/or will be individually evaluated by each evaluator, who shall provide a score from 0 to 10, with ten being the highest score. P is Round will be used to determine which Respondent(s) are considered for the next round. Points allocated for this Round will not be added to any previous or future round. this Round is complete, TRS may (1) ask all or only top-s to provide their best pricing and terms with their Proposal. TRS may any Respondent during this Round. TRS may also request that any Respondent during this Round. and requests shall be provided to Respondents by TRS’

Points allocated for this Round will not be added to any other round.

TRS Solicitation Name: Real Estate Market Analytics Services

Respondents are required to submit Responses through PAVES. If awarded a Contract, Contractor will be required to set up a PAVES account, which requires:

1. 2-factor authentication with a cell phone

2. a separate login and password to be created for all Contractor contacts, including Contractor’s accounting department

3. invoices and deliverables to be submitted through PAVES.

’ website at:

developed to assist Respondents

1. PAVES Basic Navigation for Suppliers

2. New Supplier Registration

3. How to Submit a Proposal

4. How to Activate Supplier Profile (if awarded Contract)

B

Respondent can access PAVES. Respondent will then be able to its PAVES supplier portal Respondent receives an e- is most likely because Respondent has already been registered in PAVES. Respondents contact the PAVES help desk at: PAVESHelp@trs.texas.gov.

Once a Respondent is logged into PAVES, it may submit a Proposal by following these instructions:

1. Click the “Solicitations” tab at the top

2. Then, click “Show public request for proposals”

TRS Solicitation Name: Real Estate Market Analytics Services

3. Then, click the pencil icon next to the name of the solicitation round in which you wish to participate

4. Then, click “Participate in RFx” (you may be asked to click “I acknowledge receipt of this RFx”) and

5. Then, select “WILL BID: our intent is to respond to this RFx.”

Respondent should follow the instructions found at “How to Submit a Proposal” to complete the PAVES Questionnaire and submit a Proposal. Respondent should note that any solicitation documents, including Addenda, will be found in the section called “Round Documents” within the Overview tab of the Initial Round.

TRS Solicitation Name: Real Estate Market Analytics Services and does not become part of the Contract, unless and , and only to the extent incorporated into that agreement.

OW

in a posted Addendum. It is Respondent’s responsibility to ensure review of all Addenda.

Response.

It is a Respondent’ may not be considered.

Respondents correct any perceived on.

TRS Solicitation Name: Real Estate Market Analytics Services

S provides that a state agency may not execute certain , form

(“Form 1295” agency. The Texas Ethics Commission has provided a list of and Form 1295 on its website at for Respondents’ review. If Contractor meets requirements for submission of Form 1295, Contractor will be given the form Contract award.

governed by 34 Tex. Admin. Code § 51.2

TRS Solicitation Name: Real Estate Market Analytics Services