Article: Midland Loan Services, Inc. Sells Last RTC Asset From $1.1 Billion Multiple Investor Fund Portfolio.

KANSAS CITY, Mo., Feb. 16 /PRNewswire/ --

Midland Loan Services, Inc., a wholly owned subsidiary of PNC Bank, National Association (NYSE: PNC), announced today that it sold the last commercial property from its Eastrich Multiple Investor Fund ("MIF"), one of only two "blind" pools of mortgages and real estate assets auctioned by the Resolution Trust Corporation ("RTC") in the early 1990s. The portfolio's last asset, Lynwood Town Centre, a Glendale, Calif., shopping center, sold for $6.5 million.

In 1992, the RTC awarded Midland and AEW Capital Management, a Boston- based pension fund advisor, the right to buy, manage and service the Eastrich MIF, ...

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