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Pension Benefit Guaranty Corporation

PBGC - Pre-Solicitation Notice - Real Estate Investment Trust (REIT) Management Services

Solicitation: DRAFT26R0001
Notice ID: 92fd91f49b5b455a96abb98aaef33a23

Presolicitation from PENSION BENEFIT GUARANTY CORPORATION • PENSION BENEFIT GUARANTY CORPORATION. Place of performance: United States. Industry: NAICS 523940 • PSC R710.

Market snapshot

Baseline awarded-market signal across all contracting (sample of 400 recent awards; refreshed periodically).

12-month awarded value
$561,809,589
Sector total $561,809,589 • Share 100.0%
Live
Median
$104,780
P10–P90
$36,558$1,117,129
Volatility
Volatile200%
Market composition
NAICS share of sector
A simple concentration signal, not a forecast.
100.0%
share
Momentum (last 3 vs prior 3 buckets)
+100%($561,809,589)
Deal sizing
$104,780 median
Use as a pricing centerline.
Live signal is computed from awarded notices already observed in the system.
Signals shown are descriptive of observed awards; not a forecast.

Related hubs & trends

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Live POP
Place of performance
United States
Contracting office
Washington, DC • 20024 USA

Point of Contact

Name
Dennis Johnson
Email
johnson.dennis@pbgc.gov
Phone
Not available
Name
Sierra Villanueva
Email
villanueva.sierra@pbgc.gov
Phone
Not available

Agency & Office

Department
PENSION BENEFIT GUARANTY CORPORATION
Agency
PENSION BENEFIT GUARANTY CORPORATION
Subagency
PENSION BENEFIT GUARANTY CORP
Office
Not available
Contracting Office Address
Washington, DC
20024 USA

More in NAICS 523940

Description

                                                       NOTICE OF PROPOSED CONTRACT ACTIONS

In accordance with FAR 5.2, this communication serves as a Pre-Solicitation Notice / Synopsis of Proposed Contract Action to industry that the Pension Benefit Guaranty Corporation (PBGC) intends to issue a Request for Proposal (RFP) via the Governmentwide Point of Entry (GPE), Sam.gov.  This RFP will support PBGC’s Corporate Investments Department (CID) in providing investment management services for its Real Estate Investment Trust (REIT) equity portfolio.

Attached are the “DRAFT” Sections C, H and I.  These documents are provided in order to assist industry in understanding the requirements better.  These documents are marked as DRAFT and are subject to change. 

Questions and feedback regarding the attached sections are not required at this time; however, industry may submit them if they choose.  Industry will be afforded Question and Answer (Q&A) opportunities upon release of an official solicitation.

NOTE: In accordance with FAR 52.204-7(b), Offerors are to be aware that they are required to have an active Federal Government contracts registration in the System for Award Management (SAM) at https://www.sam.gov if they intend to submit an offer in response to a solicitation, and at time of award.

            The Government’s anticipated release date for the solicitation is January 2026.

DISCLAIMER: This notice does NOT constitute a Requestion for Information or Request for Proposal and is not to be construed as a commitment, implied or otherwise, by the Government, that a procurement action will be issued.  Any inquiries related to this notice is not a request to be added to a bidders list or to receive a copy of a solicitation.  No entitlement to payment of direct or indirect costs or charges by the Government will arise as a result of any potential inquiries regarding this notice.  The Government may not respond to any specific questions or comments submitted in response to this notice or information provided as a result of this notification.

Files

Files size/type shown when available.

BidPulsar Analysis

A practical, capture-style breakdown of fit, requirements, risks, and next steps.

Updated: Feb 14, 2026
Executive summary

The Pension Benefit Guaranty Corporation (PBGC) plans to issue a Request for Proposal (RFP) for Real Estate Investment Trust (REIT) management services to support its Corporate Investments Department. The anticipated release date for the RFP is January 2026, with an emphasis on investment management for the REIT equity portfolio. DRAFT sections of the solicitation are available, providing preliminary insights into the requirements.

What the buyer is trying to do

PBGC is looking to contract investment management services for its REIT equity portfolio to improve its corporate investment strategy.

Work breakdown
  • Review DRAFT Sections C, H, and I provided in the notice.
  • Develop a capability statement addressing investment management experience in real estate.
  • Prepare for potential Q&A opportunities upon official solicitation release.
Response package checklist
  • Capability statement highlighting relevant experience.
  • Understanding of PBGC's requirements as outlined in DRAFT documents.
  • Compliance documentation for SAM registration.
Suggested keywords
REIT managementinvestment servicesPension Benefit Guaranty CorporationCorporate Investments Departmentreal estateRFPSAM
Source coverage notes

Some notices publish limited source detail. Confirm these points before final bid/no-bid decisions.

  • Official solicitation release date is not confirmed beyond January 2026.
  • Details on performance benchmarks for investment success are unclear.
  • Scope specifics beyond DRAFT sections remain undefined.

FAQ

How do I use the Market Snapshot?

It summarizes awarded-contract behavior for the opportunity’s NAICS and sector, including a recent pricing band (P10–P90), momentum, and composition. Use it as context, not a guarantee.

Is the data live?

The signal updates as new awarded notices enter the system. Always validate the official award and solicitation details on SAM.gov.

What do P10 and P90 mean?

P10 is the 10th percentile award size and P90 is the 90th percentile. Together they describe the typical spread of award values.