U.S. Core Open End Real Estate Investment Management

Close: Feb 18, 2026

The contractor shall demonstrate a repeatable investment process that can deliver strong risk adjusted returns in excess of the benchmark (the FTSE Nareit Equity REITs Index) on a go forward basis. The PBGC continuously reviews and evaluates manager performance and conducts extensive due diligence to ensure satisfaction of performance standards are compliant with investment guidelines. The contractor shall manage all assets with full discretion in accordance with the policies of PBGC, and the strategy and objectives mutually agreed upon between the investment manager and PBGC. The contractor shall comply with the Department of Treasury’s Office of Foreign Asset Control regulations. The contractor shall adhere to the investment style for which it was retained, unless mutually agreed upon with PBGC. PBGC shall receive any of the contractor’s internal or external investment, market and economic research training materials and support capabilities and services in the performance of PBGC’s investment responsibilities. This does not include proprietary models or information unique to the investment manager’s investment process. The contractor shall maintain close contact with PBGC’s Corporate Investments Department (CID) and shall serve as a resource for economic, investment information, and research. The contractor shall keep PBGC fully informed of the rationale for investment decisions and changes in the portfolio under its management. See attached file.