NEW YORK -- The Resolution Trust Corp. has completed the sale of National Land Fund, which was composed of six regional pools of properties.

PaineWebber Properties, the PaineWebber Group affiliate that served as financial adviser along with LaSalle Partners, said the fund was the RTC's first effort to privatize the ownership and management of a significant amount of land and land-collateralized loans while retaining an interest in the assets' future earnings.

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