BOSTON, MA – TCAM, a leading asset manager and consultant in the affordable housing industry, today announced record growth of the Company in 2016.
In 2016, TCAM’s asset management portfolio increased to over 1,100 properties in 48 states in addition to the District of Columbia and Puerto Rico. The Company provided services to 38 clients and its revenue increased by over 27% from 2015 levels. To address the growth in the portfolio and client list, TCAM added four staff members and opened an office in Washington, D.C.
TCAM’s 2016 clients included 14 banks and financial companies, 10 developer/owners, and 13 public agencies including large public housing authorities, municipal housing departments and subordinate lenders, and state housing finance agencies. During 2016, TCAM continued to diversify its service offerings. In addition to on-going, hands-on asset management, transaction support and consulting, TCAM now advises GP and LP clients on Year 15 transactions, provides subordinate loan administration and helps clients monitor locally restricted affordable units. These services help TCAM’s clients achieve a number of successes, including improvements in property performance and completion of sales, refinancings, acquisitions and restructurings of property investments. TCAM also helped several clients create or strengthen their organizations’ ability to track and monitor property performance and compliance.
“2016 was another record year for TCAM,” said Chief Executive Officer Jenny Netzer. “We are committed to expanding and diversifying our services to meet evolving client needs.”
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.