BOSTON, MA – TCAM announced today that it has been engaged by a low income housing tax credit syndicator to help the client assess its current asset management and risk management practices. TCAM’s services include 1) reviewing the syndicator’s asset management practices and reporting; 2) comparing the client’s activities to industry standards, and to the practices of other sponsor organizations; and 3) identifying changes in systems, processes and practices that could improve efficiency, risk management and asset performance.
This engagement is the most recent new assignment for TCAM from a housing tax credit syndicator. TCAM is currently providing asset management and consulting services for other syndicators, banks, investors, insurance companies, corporations, for-profit and non-profit owners and foundations, as well as state and local housing agencies. 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. “Our clients have high standards for their own organizations and services, but rarely have the time or breadth of experience to benchmark their practices,” said TCAM CEO Jenny Netzer. “TCAM’s expertise and experience help clients ensure their asset management services meet or exceed industry standards.”
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.