BOSTON, MA – Today, TCAM announced a new engagement with another organization that develops, owns and operates affordable housing. The client has engaged TCAM to help refine and implement strategies for an asset approaching Year 15 of the initial tax credit compliance period.
The new client joins a growing list of owners, investors, lenders and guarantors for which TCAM is providing asset management and consulting services. TCAM has provided 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. “Unless everyone wants to sell the property, Year 15 resolutions can be very complex matters,” said TCAM CEO Jenny Netzer. “TCAM can help both developers and owners sort through the issues for a successful resolution for all parties.”
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.
For more information on our Year 15 Services: