Real Estate Market Analytics Services Follow Solicitation

TRS, a public pension fund and entity of the State of Texas created pursuant to article XVI, section 67 of the Texas Constitution and titles 7 and 8 of the Texas Government Code, issues this Solicitation to select qualified vendors to provide TRS with access to a commercial real estate information and analytics platform that supports investment underwriting, market research, portfolio monitoring, benchmarking, and investment decision-making for purposes of supporting TRS’ real estate investment activities. TRS reserves the right to make no award, a single award, or multiple awards.

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.

The Scope of Work (“SOW”) located within the draft Contract portion of this Solicitation contains seven (7) main Service categories as follows:

• 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;
• 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;
• sales comparables, transaction history, for-sale information, prior transactions, ownership changes, and related market intelligence to support valuation, investment underwriting, and portfolio analysis;
• market and submarket analytics, including rent, vacancy, availability, absorption, development, demographic, peer comparison, and forward-looking trend indicators available through the platform;
• 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;
• access to commercial real estate news, research, market commentary, and data verification through Contractor’s platform; and
• account management, onboarding assistance, user support, training resources, and technical support reasonably necessary for TRS users to access and use Services.

Respondents are required to submit Responses in TRS’ Procurement and Vendor E-System (“PAVES”). Proposals are due **2026-11-18 3:00 p.m., Central Time**. Late Proposals may not be considered.

**Required** minimum qualification: 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. Proposals that do not meet it will be rejected as non-responsive and disqualified.

Evaluation Criteria Weight

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

The initial Contract term will be five (5) years from effective date of Contract. One (1) one-year optional renewal. TRS does not allow for escalation of pricing for renewals under this Solicitation.

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.

TRS does not require that an SP be submitted with Responses. However, if Respondent determines the need to subcontract for any services, materials, or supplies to fulfill Services, Respondent must submit a completed SP with their Response.