Texas DIR/ESBD #TRS000708

Commercial Real Estate Information and Analytics Services for TRS

The Teacher Retirement System of Texas is seeking a commercial real estate data and analytics service to support its investment activities. - Government buyer: Teacher Retirement System of Texas (TRS), Procurement & Contracts. - Requested service: Access to an integrated commercial real estate information and analytics platform for investment underwriting, market research, portfolio monitoring, benchmarking, and investment decisions. - Covers property information; lease comparables, leasing activity, lease history, rents, and tenant intelligence; sales comparables, transaction and ownership information; and market and submarket analytics, including rents, vacancy, availability, absorption, development, demographics, and trends. - Includes search and filtering, saved searches, alerts, reporting, data exports, commercial real estate news and research, market commentary, and data verification. - Includes account management, onboarding, user support, training resources, and technical support. - OEMs and vendors: No OEM or service-provider vendor is named in the opportunity. PAVES is identified as TRS’s proposal-submission system, not as the requested service provider. - Notable requirements: Respondents must demonstrate at least four years of relevant organizational experience. Renewal pricing may not escalate. - Estimated contract value: $1,740,000. - Period of performance: Five-year initial term from the contract effective date, with one optional one-year renewal.

Description

TRS seeks a qualified vendor to provide access to a commercial real estate information and analytics platform supporting investment underwriting, market research, portfolio monitoring, benchmarking, and investment decision-making. Services include integrated real estate data, analytics, research, workflow tools, and user support, including property and lease information, sales comparables, market analytics, search and reporting tools, news and research, onboarding, training, and technical support. The initial contract term is five years, with one optional one-year renewal. Respondents must have at least four years of experience providing similar real estate market analytics services.

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