All posts by tcamre

TCAM Announces Next Asset Management Seminar – February 6-7, 2019

BOSTON, MA – TCAM’s next asset management training seminar will be held at our Boston office on February 6-7, 2019. The seminar covers the essential elements of affordable housing asset management with real-life examples and materials provided for future reference. Topics covered during the seminar will include the following:

• portfolio and investment performance;
• site inspections;
• regulation, subsidy and compliance;
• industry trends;
• financial analysis and property valuation;
• identifying and addressing tax issues;
• data and document management;
• risk rating, problem resolution; and
• refinancing, recapitalization and disposition.

Space for the training is limited and attendance is confirmed on a first-come first-served basis. Interested parties should contact TCAM at (617) 542-1200 or via email, afeliz@tcamre.com.
In addition to this popular asset management training seminar, TCAM (www.tcamre.com) provides asset management and consulting services for investors, syndicators, owners, lenders, housing finance agencies and authorities and guarantors. Overall, TCAM provides services for 1,677 properties comprising 176,837 apartment units in 48 states, Washington, D.C., and Puerto Rico, representing in excess of $5 billion of client capital.

Testimonials from Prior Attendees:
“Early in 2015 three CFG Community Development colleagues with a wide range of tax credit and real estate experience participated in TCAM’s two day training session. It was a great opportunity for applied problem solving as well as formal guidance on industry best practices. Exposure to other industry professionals with different roles provided for rich conversations.”
Amy W. Farrell, Senior Vice President – Community Development Lending and Investment
Citizens Bank, N.A.

“My experience with TCAM was excellent, and exceeded expectations. Your asset management training and instructors struck just the right balance between addressing the breadth of complex issues, but also delved more deeply into critical areas like taxes, financial analysis, and regulations. The training was comprehensive, well-paced, engaging, and in a setting that kept participants engaged. And as I had only recently started my position at the time of the training, this was an excellent crash course in asset management for affordable housing.”
Director of Asset Management
NYC Department of Housing Presevation & Development

“TCAM delivered an engaging and valuable training experience that succeeded in equipping me with the essential understanding of the crucial role an Asset Manager plays in the everyday success of our LIHTC properties. The training was exceptional in the sense that it provided both a broad overview of the LIHTC industry, and what we as Asset Managers need to understand and manage in order to provide the expected returns to our investors. The team providing the training was incredibly knowledgeable and confident in the content presented. This was a great experience that has provided me with the resources and tools to take our Asset Management Department to the next level.”
Dana Patterson, Director of Asset Management
Alco Management, Inc.
For more testimonials, click here: Testimonials from Prior TCAM Training Attendees

 

TCAM is a company of MRI Software (mrisoftware.com). MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses-from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

TCAM Announces Next Asset Management Seminar – September 18-19, 2018

BOSTON, MA – TCAM’s next asset management training seminar will be held at our Boston office on September 18-19, 2018. The seminar covers the essential elements of affordable housing asset management with real-life examples and materials provided for future reference. Topics covered during the seminar will include the following:

  •          portfolio and investment performance;
  •          site inspections;
  •          regulation, subsidy and compliance;
  •          industry trends;
  •          financial analysis and property valuation;
  •          identifying and addressing tax issues;
  •          data and document management;
  •          risk rating, problem resolution; and
  •          refinancing, recapitalization and disposition

Space for the training is limited and attendance is confirmed on a first-come first-served basis. Interested parties should contact TCAM at (617) 542-1200 or via email, afeliz@tcamre.com.

In addition to this popular asset management training seminar, TCAM (www.tcamre.com) provides asset management and consulting services for investors, syndicators, owners, lenders, housing finance agencies and authorities and guarantors. Overall, TCAM provides services for 1,677 properties comprising 176,837 apartment units in 48 states, Washington, D.C., and Puerto Rico, representing in excess of $5 billion of client capital.

TCAM is owned by its employees and QuietStream Financial (http://quietstreamfinancial.com/). QuietStream Financial serves commercial real estate owners and related professionals with a portfolio of innovative businesses.

Testimonials from Prior Attendees:

“Early in 2015 three CFG Community Development colleagues with a wide range of tax credit and real estate experience participated in TCAM’s two day training session. It was a great opportunity for applied problem solving as well as formal guidance on industry best practices. Exposure to other industry professionals with different roles provided for rich conversations.”

Amy W. Farrell, Senior Vice President – Community Development Lending and Investment
Citizens Bank, N.A.

“My experience with TCAM was excellent, and exceeded expectations. Your asset management training and instructors struck just the right balance between addressing the breadth of complex issues, but also delved more deeply into critical areas like taxes, financial analysis, and regulations. The training was comprehensive, well-paced, engaging, and in a setting that kept participants engaged. And as I had only recently started my position at the time of the training, this was an excellent crash course in asset management for affordable housing.”

Director of Asset Management
NYC Department of Housing Presevation & Development

“TCAM delivered an engaging and valuable training experience that succeeded in equipping me with the essential understanding of the crucial role an Asset Manager plays in the everyday success of our LIHTC properties.  The training was exceptional in the sense that it provided both a broad overview of the LIHTC industry, and what we as Asset Managers need to understand and manage in order to provide the expected returns to our investors. The team providing the training was incredibly knowledgeable and confident in the content presented.  This was a great experience that has provided me with the resources and tools to take our Asset Management Department to the next level.”

Dana Patterson, Director of Asset Management
Alco Management, Inc.

For more testimonials, click here: Testimonials from Prior TCAM Training Attendees

New Services for LIHTC Investors

Today, TCAM announced a new engagement providing fund, as well as asset management, services for a new investor client. In order to facilitate a secondary market tax credit (LIHTC) transaction, TCAM is assuming the roles of fund and middle-tier general partners and special limited partner while providing on-going asset management services.

The new engagement adds to TCAM’s growing list of investor clients and expands the ways in which TCAM can work with tax credit investors. “Two investors wanted to transfer interests,” said TCAM CEO Jenny Netzer. “TCAM’s willingness and ability to take on partnership interests allowed the transaction to proceed.”

TCAM (http://www.tcamre.com) provides asset management and consulting services for investors, syndicators, owners, lenders, housing finance agencies and authorities and guarantors. Overall, TCAM provides services for 1,677 properties comprising 176,837 apartment units in 48 states, Washington, D.C., and Puerto Rico, representing in excess of $5 billion of client capital. TCAM is headquartered in Boston, MA and is owned by its employees and QuietStream Financial (http://quietstreamfinancial.com).

QuietStream Financial serves commercial real estate owners and related professionals with a portfolio of innovative businesses.

Advisory Services for Housing Finance Agencies

Today, TCAM announced a new engagement with a state housing finance agency that provides a broad range of loans for affordable housing transactions. The client has engaged TCAM to analyze refinancing and repayment trends in its rental housing loan portfolio. The analysis will help the agency in planning and product development.

The new engagement expands the services TCAM provides to a growing list of housing finance agency and other lender clients. “TCAM helps clients explore the opportunities in their portfolios, as well as manage their risk,” said TCAM CEO Jenny Netzer.

TCAM (http://tcamre.com) provides asset management and consulting services for investors, syndicators, owners, lenders, housing finance agencies and authorities and guarantors. Overall, TCAM provides services for 1,677 properties comprising 176,837 apartment units in 48 states, Washington, D.C., and Puerto Rico, representing in excess of $5 billion of client capital. TCAM is headquartered in Boston, MA and is owned by its employees and QuietStream Financial (http://quietstreamfinancial.com/). QuietStream Financial serves commercial real estate owners and related professionals with a portfolio of innovative businesses.

Asset Management “Back-Office” Support for Public Housing Authorities

TCAM announced today that the Housing Authority of the City and County of San Francisco (“SFHA”) has expanded its engagement with TCAM to include on-going asset management “back-office” support. TCAM is now helping SFHA collect and analyze financial information for its converted Rental Assistance Demonstration Program (RAD) sites, HOPE VI sites and HOPE SF properties.

This new engagement is the most recent assignment for TCAM from a public housing authority that is participating in the Rental Assistance Demonstration (RAD) program, a new way of meeting the large and growing capital improvement needs of the nation’s aging public housing stock and preserving projects funded under HUD’s “legacy” programs (Rental Supplement, Rental Assistance Payment, and Moderate Rehabilitation).  TCAM is currently providing asset management and advisory services for several state and local housing agencies as well as owners, investors, banks, insurance companies and corporations.

“SFHA plays a critical role in addressing the housing needs of the City and County of San Francisco,” said Allen Feliz, TCAM Managing Director. “TCAM is excited to bring its experience and expertise in RAD and asset management to helping the Authority oversee the performance of its RAD portfolio.” TCAM (www.tcamre.com) provides asset management and consulting services for investors, syndicators, owners, lenders, housing finance agencies and authorities and guarantors. Overall, TCAM provides services for 1,677 properties comprising 176,837 apartment units in 48 states, Washington, D.C., and Puerto Rico, representing in excess of $5 billion of client capital.

TCAM is headquartered in Boston, MA and is owned by its employees and QuietStream Financial (http://quietstreamfinancial.com/). QuietStream Financial serves commercial real estate owners and related professionals with a portfolio of innovative businesses.

Asset Management “Back-Office” Support for Housing Owner/Developers

TCAM announced today the expansion of its core services, providing asset management “back-office” support for owner/developers of affordable housing. TCAM’s services leverage the asset management capacity of owner/developer clients so that the client can focus on hands-on real estate issues and decision-making.

To leverage clients’ time and resources, TCAM’s “back-office” services manage the on-going, administrative and analytical tasks of collecting, tracking and evaluating financial information and compliance requirements. TCAM’s services reduce administrative burdens while identifying issues and opportunities that need attention from the owner. Both for-profit and non-profit organizations that develop and own affordable housing benefit from TCAM’s services. “Affordable housing owners want to focus on profitability and mission,” said TCAM CEO Jenny Netzer. “TCAM can efficiently handle the administrative and analytical tasks so that clients can spend their time on high-impact matters – and the next deal.”

TCAM (www.tcamre.com) provides asset management and consulting services for investors, syndicators, owners, lenders, housing finance agencies and authorities and guarantors. Overall, TCAM provides services for 1,677 properties comprising 176,837 apartment units in 48 states, Washington, D.C., and Puerto Rico, representing in excess of $5 billion of client capital.

TCAM is headquartered in Boston, MA and is owned by its employees and QuietStream Financial (http://quietstreamfinancial.com/). QuietStream Financial serves commercial real estate owners and related professionals with a portfolio of innovative businesses.

TCAM Opens Office in Pittsburgh, PA

BOSTON, MA – TCAM today announced the opening of its Pittsburgh, PA office by Assistant Director, Elaine Magil. The Pittsburgh office expands TCAM’s presence in the Mid-Atlantic region where it has a growing list of clients.

Elaine Magil

   Assistant Director, TCAM Pittsburgh Office

6425 Living Place, Suite 200, Pittsburgh, PA 15206

Direct:     (412) 450-6055

Mobile:     (617) 894-0699

Main:     (617) 542-1200

emagil@tcamre.com

Ms. Magil joined TCAM’s Advisory & Transaction Support Group in May 2015 and has over 12 years of community economic and affordable housing finance experience. Ms. Magil possesses deep expertise in the public and non-profit sectors. She leads, or plays a role in, many of TCAM’s major advisory engagements and provides analytical support for acquisitions, valuations, and dispositions of affordable housing assets. Prior to joining TCAM, Ms. Magil was a Senior Associate in the acquisitions department of a national LIHTC syndicator.  In addition, her prior work experience includes over a decade of program management and direct client service at community development not-for-profit housing providers.

“The opening of the Pittsburgh office expands TCAM’s capacity to serve its clients,” said TCAM CEO Jenny Netzer. “More locations and the skills of talented professionals like Elaine allow us to work with more clients and meet more of their needs.”

TCAM is headquartered in Boston, MA (https://www.tcamre.com/) with employees in Washington, DC, Portland, ME and Pittsburgh, PA. Our clients include major financial institutions, investors, insurance companies, affordable housing lenders, LIHTC syndicators, guarantors, owners and developers, investment funds, large urban housing authorities and state housing finance agencies. Overall, TCAM provides services for 1,677 properties comprising 176,837 apartment units in 48 states, Washington, D.C., and Puerto Rico, representing in excess of $5 billion of client capital.

TCAM is owned by its employees and QuietStream Financial (http://quietstreamfinancial.com/). QuietStream Financial serves commercial real estate owners and related professionals with a portfolio of innovative businesses.

TCAM Helps HPET Acquire Affordable Properties

BOSTON, MA – TCAM today announced the successful completion of several underwriting and due diligence assignments for the Housing Partnership Equity Trust (“HPET”). Most recently, TCAM helped HPET close the acquisition of Quail Run, a 104-unit LIHTC property in San Leandro, California. HPET worked with Eden Housing to acquire this property and preserve critical affordable housing. Quail Run was the 16th acquisition to date by HPET, with TCAM’s underwriting and due diligence assistance (HPET Press Release 4.3.2018).

The other two acquisitions closed by HPET with TCAM underwriting assistance in the past 6 months were as follows:

Pacific Villas Apartments, a garden-style rental property in Stockton, California, comprised of 86 units in seven garden style buildings, with LINC Housing Corporation (LINC) (HPET Press Release 12.20.2017).

Courtyard at Encanto, a rental property in Phoenix, Arizona, comprised of 160 units in 12 two-story garden style buildings, with Chicanos por la Causa (CPLC) (HPET Press Release 11.17.2017).

HPET (http://hpequitytrust.com/) is an investment vehicle created by the Housing Partnership Network (http://housingpartnership.net/) and a group of nonprofit housing developers to preserve affordable rental homes for families, seniors and others with low and modest incomes. This innovative approach to attracting new sources of private equity to the affordable housing space was launched in 2013 with investments from Prudential Financial, Inc., Citi, Morgan Stanley, the John D. and Catherine T. MacArthur Foundation and the Ford Foundation. HPN and the 14 nonprofit members of the REIT are also investors.

TCAM (http://www.tcamre.com) provides similar underwriting and due diligence services to other clients acquiring properties or partnership interests. TCAM also provides analytical support to clients disposing of properties and limited partnership interests, and has managed workouts on behalf of investor clients. TCAM’s clients include capital providers for affordable housing with and without low income housing tax credits. Clients are major financial institutions, investors, insurance companies, affordable housing lenders, LIHTC syndicators, guarantors, owners and developers, investment funds, large urban housing authorities and state housing finance agencies. Overall, TCAM provides services for 1,677 properties comprising 176,837 apartment units in 48 states, Washington, D.C., and Puerto Rico, representing in excess of $5 billion of client capital.

TCAM is headquartered in Boston, MA and is owned by its employees and QuietStream Financial (http://quietstreamfinancial.com/). QuietStream Financial serves commercial real estate owners and related professionals with a portfolio of innovative businesses.

TCAM Announces Next Asset Management Seminar – July 24-25, 2018

BOSTON, MA – TCAM’s next asset management training seminar will be held at our Boston office on July 24-25, 2018. The seminar covers the essential elements of affordable housing asset management with real-life examples and materials provided for future reference. Topics covered during the seminar will include the following:

  •          portfolio and investment performance;
  •          site inspections;
  •          regulation, subsidy and compliance;
  •          industry trends;
  •          financial analysis and property valuation;
  •          identifying and addressing tax issues;
  •          data and document management;
  •          risk rating, problem resolution; and
  •          refinancing, recapitalization and disposition.

 

 

Space for the training is limited and attendance is confirmed on a first-come first-served basis. Interested parties should contact TCAM at (617) 542-1200 or via email, afeliz@tcamre.com.

In addition to this popular asset management training seminar, TCAM (www.tcamre.com) provides asset management and consulting services for investors, syndicators, owners, lenders, housing finance agencies and authorities and guarantors. Overall, TCAM provides services for 1,677 properties comprising 176,837 apartment units in 48 states, Washington, D.C., and Puerto Rico, representing in excess of $5 billion of client capital.

TCAM is owned by its employees and QuietStream Financial (http://quietstreamfinancial.com/). QuietStream Financial serves commercial real estate owners and related professionals with a portfolio of innovative businesses.

Testimonials from Prior Attendees:

“Early in 2015 three CFG Community Development colleagues with a wide range of tax credit and real estate experience participated in TCAM’s two day training session. It was a great opportunity for applied problem solving as well as formal guidance on industry best practices. Exposure to other industry professionals with different roles provided for rich conversations.”

Amy W. Farrell, Senior Vice President – Community Development Lending and Investment
Citizens Bank, N.A.

“My experience with TCAM was excellent, and exceeded expectations. Your asset management training and instructors struck just the right balance between addressing the breadth of complex issues, but also delved more deeply into critical areas like taxes, financial analysis, and regulations. The training was comprehensive, well-paced, engaging, and in a setting that kept participants engaged. And as I had only recently started my position at the time of the training, this was an excellent crash course in asset management for affordable housing.”

Director of Asset Management
NYC Department of Housing Presevation & Development

“TCAM delivered an engaging and valuable training experience that succeeded in equipping me with the essential understanding of the crucial role an Asset Manager plays in the everyday success of our LIHTC properties.  The training was exceptional in the sense that it provided both a broad overview of the LIHTC industry, and what we as Asset Managers need to understand and manage in order to provide the expected returns to our investors. The team providing the training was incredibly knowledgeable and confident in the content presented.  This was a great experience that has provided me with the resources and tools to take our Asset Management Department to the next level.”

Dana Patterson, Director of Asset Management
Alco Management, Inc.

 

For more testimonials, click here: Testimonials from Prior TCAM Training Attendees

 

Asset Management Advisory Services for Rental Assistance Demonstration (RAD) Public Housing Authorities

BOSTON, MA – TCAM announced today that the Housing Authority of the City of Port Arthur (“PAHA”) has engaged TCAM to strengthen its asset management function. TCAM is helping PAHA achieve greater operational efficiency and effectiveness, improve asset management practices, policies and procedures, and incorporate best practices from around the industry. Stronger asset management will help PAHA continue to fulfill its mission of promoting adequate and affordable housing, economic opportunity and suitable living environments free from discrimination.

This engagement is the most recent assignment for TCAM from a public housing authority that is participating in the Rental Assistance Demonstration (RAD) program, a new way of meeting the large and growing capital improvement needs of the nation’s aging public housing stock, as well as to preserve projects funded under HUD’s “legacy” programs (Rental Supplement, Rental Assistance Payment, and Moderate Rehabilitation).  Under RAD, properties convert their assistance to long-term, project-based Section 8 contracts (or Project-Based vouchers). These new contracts provide a more reliable source of operating subsidy that allow PHAs and owners to safely leverage private capital – typically debt and equity – in order to finance the property rehabilitation or replacement.

TCAM is currently providing asset management and advisory services for several state and local housing agencies as well as owners, investors, banks, insurance companies and corporations. “The Port Arthur Housing Authority plays a critical role in addressing the affordable housing needs in its communities,” said Allen Feliz, TCAM Managing Director. “TCAM is delighted to bring its experience and expertise to helping the Authority with this important mission.”

TCAM (www.tcamre.com) provides asset management and consulting services for investors, syndicators, owners, lenders, housing finance agencies and authorities and guarantors. TCAM’s services help clients manage their interests in over 1,600 properties comprising over 170,000 apartment units in 47 states, Washington, D.C. and Puerto Rico.

TCAM is headquartered in Boston, MA and is owned by its employees and QuietStream Financial (http://quietstreamfinancial.com/). QuietStream Financial serves commercial real estate owners and related professionals with a portfolio of innovative businesses.

The Housing Authority of the City of Port Arthur is a public agency that provides subsidized housing to low and moderate income individuals and families. The Authority administers two distinct housing programs, Public Housing and Section 8 Housing Choice Voucher. PAHA manages 302 units of Public Housing and an additional 2,657 Section 8 Housing Choice Vouchers. For more information visit: http://www.pahousing.org/