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PHILADELPHIA-Michael Giliberto, the co-creator of the Giliberto-Levy mortgage index and recently retired senior real estate portfolio manager and director of portfolio strategy at JP Morgan Asset Management, has been elected to the board of TRECAP Partners LLC as an outside director. Douglas A. Tibbetts, TRECAP’s CEO, said in a statement that Giliberto will serve on the board’s finance and communications committees.

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