BOSTON, MA – TCAM, a leading asset manager and consultant in the affordable housing industry, today announced record growth in its business in 2017. In 2017, TCAM provided services to 36 clients and 1,645 properties in 47 states in addition to the District of Columbia and Puerto Rico.
TCAM’s 2017 clients included banks and financial companies, investment funds, and developer/owners. The 2017 client roster also included public agencies — public housing authorities, municipal housing departments and subordinate lenders, and state housing finance agencies.
During 2017, TCAM continued to expand its service offerings. In addition to on-going, hands-on asset management for LIHTC investors, state agencies, guarantors, and owners, TCAM helped lenders manage their subordinate loan portfolios and assisted investment funds in underwriting property acquisitions. Notably TCAM advised GP and LP clients on 41 Year 15 transactions in 2017. New services in 2017 included back-office asset management support for developer/owners, receivership services, and compliance monitoring for locally restricted units (e.g. inclusionary zoning).
“Affordable housing portfolios are growing throughout the industry,” said Chief Executive Officer Jenny Netzer. “We are pleased that TCAM’s expertise is helpful to so many of the industry’s participants.”
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.