NEW YORK - Bankers Trust New York Corp. was chosen over more than a dozen investment advisers to assist in the Federal Deposit Insurance Corp.'s first $500 million bulk sale of nonperforming real estate loans.

Bankers Trust had previously been unsuccessful at securing a role in the national real estate workout and several times had lost in bidding for savings and loan portfolios being sold by the Resolution Trust Corp.

"This important assignment represents an excellent opportunity for Bankers Trust to demonstrate its skills," said Richard M. Gunthel, managing director of real estate finance.

A bank spokeswoman said the loans to be sold are concentrated in the Northeast.

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