BOSTON, MA – TCAM today announced the completion of a number of assignments for affordable housing organizations preparing for growth and change. Clients included two affordable housing owner/developers, a large urban housing authority and a state housing finance agency and lender.
TCAM’s services were tailored to help clients achieve their business objectives. Services included 1) assessing property and asset and portfolio management practices and reporting; 2) comparing the organizations’ activities to industry standards, and to the practices of other organizations including peer groups; and 3) identifying changes in systems, processes and practices that could improve cash flow, risk management and asset performance.
TCAM is currently providing asset management and consulting services for other state agencies, local housing authorities, syndicators, banks, investors, insurance companies, corporations, for-profit and non-profit owners and foundations. TCAM has provided services to clients for over 940 properties comprising 135,000 apartment units in 46 states, Washington, D.C., and Puerto Rico, representing in excess of $6.6 billion of client capital. “Affordable housing owners, investors and lenders are facing many opportunities and challenges and are thinking hard about the future,” said TCAM CEO Jenny Netzer. “TCAM can help clients address the challenges and make the most of the opportunities.”
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.