TRS Issues RFP Seeking Real Estate and Real Asset Investment Consulting Services

July 17, 2024

The Teachers' Retirement System of the State of Illinois is requesting proposals from qualified consulting firms to provide real estate and real asset investment consultant services to assist the System in making prudent investment decisions related to the TRS investment program.

The successful applicant will provide ongoing consulting services in the management of the System's real estate and real asset portfolios. The consultant will act as a fiduciary to the System. Responding firms must demonstrate experience and expertise in all matters relative to the real estate and real asset portfolios. All responding firms must meet the highest standards of professional competence and ethics.

TRS is issuing this RFP because the five-year contract of the System's current real estate and real asset consultant will expire later this year. The incumbent is invited to submit a response to this RFP. Under state law, contracts for investment consulting services are limited to a maximum of five years.

All proposals responding to the "Request for Proposal" must be submitted via email to TRS by 2 p.m. C.D.T. on Wednesday, August 14, 2024.

The complete RFP, including detailed instructions for submitting a proposal, is online: https://www.trsil.org/investments/active-searches