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NEWARK, NJ – Prudential Mortgage Capital Co. reports it has promoted Hal Collett to president of Prudential Asset Resources, which services the firm’s nearly $70-billion commercial real estate loan portfolio.

Collett replaces Catherine Rodewald, who announced she is retiring at the end of 2012. He will be responsible for heading Prudential Asset Resources, which services and manages the assets of Prudential Mortgage Capital’s $69.4-billion commercial portfolio (as of Sept. 30, 2012).

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