Real Estate Portfolio Consulting Services

The Teacher Retirement System of Texas (TRS) is requesting proposals for real estate portfolio consulting services under RFP CC-2200002, with proposals due May 28, 2021 at 3:00 p.m. Central Time. This procurement is substantially overdue as of the current date (July 21, 2026); the source reflects a 2021 solicitation with expired deadlines and no current activity indicator.

For reference on the original scope and structure: TRS sought advisory services for optimization of financing strategies across a real estate portfolio exceeding $20 billion in value, comprising over 1,000 assets across all major and secondary commercial and residential product types. The portfolio carried over 100 loans with total outstanding balance exceeding $10 billion at staggered maturities. Respondents were required to demonstrate direct experience with a similar scope of work for a U.S. public pension with a real estate portfolio of $10 billion or greater, active management of U.S. real estate debt and equity investment vehicles with Assets Under Management of $750 million or greater, and management of a debt platform with $3 billion AUM or greater.

Key deliverables included an initial portfolio review and report with findings and implementation plan due within 30 calendar days of contract execution, followed by quarterly and annual reporting. The initial contract term ran from November 1, 2021 through October 31, 2022, with three optional one-year renewal periods.

Evaluation was on a 100-point best-value scale: Statement of Qualifications (40 points), Key Personnel Qualifications (20 points), Technical Approach (20 points), Pricing (20 points), and Proposal Content and Format (0 or −5 points). Respondents submitted fully-loaded firm fixed prices or hourly rates. Professional Liability Insurance with limits of $5 million per occurrence and $10 million in aggregate was required. An addendum issued May 14, 2021 clarified submission requirements and portfolio composition.