TIAA-CREF, the New York-based teachers' pension fund manager and commercial real estate lender, has named David Brown its head of commercial mortgages.TIAA-CREF is a large institutional real estate investor with a global portfolio of over $50 billion, according to the company. Working out of the organization's Charlotte, N.C., office, Mr. Brown will oversee the nearly $25 billion portion of the portfolio that is invested in commercial mortgages. Mr. Brown joins TIAA-CREF from Prudential Financial, where he served as the principal and head of Eastern Region originations for their various real estate debt capital sources, the company said.
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