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.