FIRM FIXED PRICENO SET ASIDE USED.

PRINCIPAL REAL ESTATE INVESTORS LLC - IGF::OT::IGF ASSET MANAGEMENT

PIID: PBGC01CT160035Solicitation ID: PBGC01RP150028
Signed Date: Feb 10, 2026Effective Date: Jul 27, 2016End Date: Closed on Jul 26, 2026
Award $
$21.8M
Vendor
PRINCIPAL REAL ESTATE INVESTORS LLC
NAICS
523920
Signed Date
Feb 10, 2026

Key Details

Dollars Obligated
$21.8M
Base & All Options
$-544,390.52
Awarding Sub-Agency
Pension Benefit Guaranty Corporation
Product Service Code
R710 - SUPPORT- MANAGEMENT: FINANCIAL
Extent Competed
FULL AND OPEN COMPETITION
Number of Offers
12
Place of Performance
DES MOINES, IA, 503091942, CD-IA-03

Description

IGF::OT::IGF ASSET MANAGEMENT

Context & Analysis

On Feb 10, 2026, Pension Benefit Guaranty Corporation obligated $21,838,064.25 to PRINCIPAL REAL ESTATE INVESTORS LLC for igf::ot::igf asset management. The award is classified under NAICS 523920 — PORTFOLIO MANAGEMENT and issued as a firm fixed price contract. Competition extent: full and open competition with 12 offers received. The procurement used a NO SET ASIDE USED. set-aside. Performance is located in DES MOINES, IA. This award is one of several similar procurements from Pension Benefit Guaranty Corporation under NAICS 523920 — related awards are listed below.

Market context

Recompete outlook
Ended Jul 26, 2026 (3 months ago). Recompete signal as of Oct 20, 2026: 18/100, combining time to the end date, the incumbent's history with this agency, whether the award was competed, and its size.
Competition
Competed, with 12 offers. 100% of 23 awards in this market (Pension Benefit Guaranty Corporation awards in NAICS 523920 over the last 3 years) were competed; median 22 offers.
Award size
At $21.8M, this award is smaller than three in four of the 23 priced Pension Benefit Guaranty Corporation awards in NAICS 523920 over the last 3 years (median $30.6M).
Largest vendors in this market

By obligations, Pension Benefit Guaranty Corporation awards in NAICS 523920 over the last 3 years.

Computed from USAspending award data on Oct 20, 2026.

Contractor Information

UEI: XJ11K4EDB1J7
CAGE Code: 7JA63
Location: DES MOINES, IA
View Full Record on USASpending.gov

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