BOSTON, MA – The City of San José Housing Department (“CSJ”) has engaged TCAM to help manage CSJ’s subordinate loan portfolio. The subordinate loan portfolio is a critical tool in fulfilling the CSJ’s mission of strengthening and revitalizing the San José community through housing and neighborhood investment. TCAM is working with CSJ to evaluate the performance of the subordinate loan portfolio, refine asset and portfolio models for projecting future residual receipts, and strengthen asset management practices, policies and procedures.

The engagement with the City of San José adds to TCAM’s growing business with state and local housing agencies and subordinate lenders in California and other parts of the country. TCAM is currently providing asset management and advisory services for several state and local housing agencies and housing authorities as well as banks, insurance companies, corporations and foundations. “Subordinate loans are an important resource for affordable housing,” said TCAM CEO Jenny Netzer. “TCAM is excited to be working with San José and others to maximize the impact of this resource in producing and preserving affordable housing.”

TCAM provides services to clients for 869 properties comprising 112,150 apartment units in 43 states, Washington, D.C., and Puerto Rico, representing in excess of $3 billion of client capital. TCAM is owned by QuietStream Financial (http://quietstreamfinancial.com). QuietStream Financial’s companies provide alternative asset management services and structured finance products for real estate borrowers, financial institutions and investors.

San José, Capital of Silicon Valley, is the largest city in Northern California and the 10th largest city in the nation. The San José Housing Department (www.sjhousing.org) strengthens and revitalizes our community through housing and neighborhood investment. Follow us on Twitter: @sjcityhousing

BOSTON, MA – TCAM continues to expand its capacity to meet client needs, announcing today the addition and promotion of staff.

Elaine Magil has joined TCAM, expanding its third-party Asset Management and Consulting and Advisory Services groups as the list of clients grows. In addition, TCAM announced the promotion of Brian Urban to Director. The promotion recognizes Mr. Urban’s role in providing high-quality asset management services for owner/developers and housing finance agencies.

Elaine Magil has nine years of experience in community economic development and affordable housing finance. Prior to joining TCAM, Ms. Magil was a Senior Associate at a national LIHTC syndicator, where she performed financial modeling and worked on property acquisition efforts in 14 states. She also worked in commercial lending to not-for-profit borrowers at a large bank. Ms. Magil’s prior work experience includes program management and direct client service at community development not-for-profit agencies.

Brian Urban has been with TCAM for six years. He has 26 years of experience in real estate finance which includes over 10 years in the affordable housing business. At TCAM, Mr. Urban has been responsible for asset management on behalf of owners of affordable housing properties throughout the country, including state housing finance agencies responsible for properties funded by TCAP and Section 1602 Tax Credit Exchange funds. Mr. Urban’s prior work experience includes asset management and acquisitions roles at a large owner and operator of multifamily properties in the New England region.

“All of our business lines continue to grow, as clients add to their portfolios and we take on new consulting and asset management engagements,” said TCAM CEO Jenny Netzer. “In recognizing Brian’s accomplishments and adding Elaine, we can maintain our high standards for client service.”

TCAM provides services to clients for over 800 properties comprising 120,000 apartment units in 46 states, Washington, D.C., and Puerto Rico, representing in excess of $5.5 billion of client capital. Clients include state housing agencies, local housing authorities, investors, banks, and non-profit and for-profit owner/developers.

TCAM is owned by QuietStream Financial (http://quietstreamfinancial.com). QuietStream Financial’ companies provide alternative asset management services and structured finance products for real estate borrowers, financial institutions and investors.

BOSTON, MA – TCAM and Candeur Group announced today that they will be working together to provide asset management services for properties placed by Candeur with their direct investor clients. TCAM will provide select asset management services to Candeur and its bank clients including property reporting services, compliance and insurance monitoring and stabilization oversight services.

This engagement adds to the growing portfolio of Low-Income Housing Tax Credit properties for which TCAM is providing asset management services on behalf of equity investors. TCAM also provides asset management and consulting services for banks, insurance companies and corporations in addition to owners and state and local housing agencies. “TCAM provides an alternative for investors and syndicators that do not want to build an asset management ‘back office’” said TCAM CEO Jenny Netzer. “We are pleased to be working with our former colleagues now at Candeur to provide reliable and expert long-term services.”

“Given our extensive history working with Jenny Netzer and her team, we are happy to join forces with TCAM to provide exceptional reporting and asset management services to our investors,” states Candeur Group Partner, Catherine Talbot.

TCAM provides services to clients for over 800 properties comprising 120,000 apartment units in 46 states, Washington, D.C., and Puerto Rico, representing in excess of $5.5 billion of client capital. TCAM is owned by QuietStream Financial (http://quietstreamfinancial.com). QuietStream Financial’s companies provide alternative asset management services and structured finance products for real estate borrowers, financial institutions and investors.

Candeur Group, LLC (http://www.candeurgroup.com/) is an investment-banking firm for the affordable housing industry providing consulting, advisory, and investment services to affordable housing developers, syndicators, and investors.