Project Information

Bid Title

RFP: Real Estate Consulting Services Search

Issuing Agency

Los Angeles County Employees Retirement Association

Location

California

Published Date

Feb 27, 2026

Closing Date

Apr 3, 2026

Government Level

State & Local

Status

Closed

Original Source

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Bid Documents

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Project Description

RFP: Real Estate Consulting Services Search

The Los Angeles County Employees Retirement Association (LACERA) is requesting proposals from qualified firms for real estate consulting services.

Scope of Work

The purpose of this RFP is to select a consultant to provide consulting services for direct investments by LACERA in real estate, by making such investments through limited partnerships, commingled vehicles, co-investments, emerging mangers, funds of one, and other investment structures. The program will encompass the following aspects at a minimum:

Strategic Consulting

• Provide recurring recommendations for policy, objectives and strategy that are consistent with the Investment Policy Statement
• Provide the Board of Investments with independent assessment of staff’s implementation of Board approved policies and guidelines that related to the real estate portfolios
• Conduct comprehensive written research, analysis, and advice on specific investment and operational topics and issues

Sourcing and Due Diligence

• Conduct independent evaluations and provide concurrence memoranda on investment opportunities

Meeting Attendance

• Attend monthly Board of Investments meetings, annual off-site meetings, committee meetings, and other meetings as requested by LACERA

Collaboration with Board, Staff, and General Consultant

• Provide educational workshops to the Board
• Collaborate with LACERA’s general consultant providing ongoing advice and technical support in the establishment and refinement of portfolio asset allocation, investment goals and objectives, and Investment office policies and procedures

Submission Requirements

Submit your Intent to Respond (Attachment A) no later than 3:00 PM Pacific Time, on Friday, March 13, 2026, as well as your completed RFP proposal no later than 3:00 PM Pacific Time, on Friday, April 3, 2026 to:

Terri Herubin
Senior Investment Officer
LACERA
realestate@lacera.gov

Also email one copy marked “REDACTED”. The redacted copy should exclude all material from your proposal that you believe in good faith is exempt from disclosure under the California Public Records Act (Cal. Gov. Code Sections 7920 et seq.) (described in Section VII of this RFP). Redactions should appear as blacked out material or blank page(s) with the word “REDACTED” or “PROPRIETARY” inserted.

Questions Related to This RFP

Direct all questions, inquiries, and requests for additional information concerning this RFP no later than 3:00 PM Pacific Time, Friday, March 13, 2026, via e-mail (realestate@lacera.gov). All questions received and responses thereto will be posted on LACERA’s website under the "Business Opportunities" section by 3:00 PM Pacific Time, on Friday, March 20, 2026.

Tentative Timetable

Issuance of RFP

February 27, 2026

Submission – Letter of Intent (Firm)

March 13, 2026

Written Questions/Requests for Clarification

March 13, 2026

LACERA Response to Written Questions

March 20,2026

Proposals Due

April 3, 2026

Invitations to Interview (as warranted)

Q2 2026

Final Selection and Approval

Q3 2026

RFP Materials

RFP: Real Estate Consulting Services Search

Intent to Respond

Total Fund Strategic Asset Allocation

Minimum Qualification Certification

Real Estate Consultant Questionnaire

LACERA IT Security Vendor Questionnaire

Real Estate Consulting Services Agreement

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Commodity Codes

• NAICS 531210Offices of Real Estate Agents and Brokers
• NAICS 531390Other Activities Related to Real Estate
• NAICS 541611Administrative Management and General Management Consulting Services

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