Glenborough Realty Trust, a San Mateo, Calif.-based real estate investment trust, has named Richard C. Blum to its board of directors.

Mr. Blum, 62, co-founded Richard C. Blum & Associates LP, a San Francisco-based merchant bank and equity investment firm known as RCBA.

Glenborough last month spent about $506 million to buy three diversified portfolios of 15 properties.

RCBA, which has about $2 billion of funds under management, is known for its involvement in the corporate restructuring of Northwest Airlines.

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