NEW YORK CITY-TIAA-CREF has hired David Brown to head its commercial mortgage operation, which was split from its real estate and mortgage area. Brown will oversee the nearly $25 billion of TIAA-CREF’s $50 billion portfolio which is invested in commercial mortgages.

Dave will start at TIAA-CREF in mid April and be based out of Charlotte, NC. A company spokesman notes that while TIAA-CREF is based here, it has major offices in Charlotte and Denver to allow for closer access to clients in the academic medical and research fields.

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