Today, TCAM announced the start of two new engagements with tax credit investors and the expansion of portfolios managed for two other investors and long-term clients. The additions bring the total number of affordable housing properties managed for investors to 288 properties comprising 31,221 apartment units. In addition, TCAM provides asset management services to owners, guarantors, and public agencies. TCAM is providing comprehensive asset services for these clients including property, financial and compliance oversight, site visits, construction, and stabilized operations, risk management and reporting. TCAM is also providing fund management services to one of the clients.
The new and expanded engagements continue TCAM’s growth. TCAM provides asset management and advisory services to a wide range of industry participants, including banks, insurance companies, development companies, foundations, corporations and state agencies. “TCAM’s asset management expertise and capacity help clients add to their portfolios without adding staff and overhead”, said TCAM CEO Jenny Netzer. “We are pleased that we can play a small role in facilitating flows of capital into affordable housing during these unsettled times.”
Overall, TCAM (www.tcamre.com) provides services for 1,716 properties comprising 177,867 apartment units in 48 states, Washington, D.C., and Puerto Rico, representing in excess of $3 billion of client capital. TCAM is a company of 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.