Today, TCAM announced a new engagement with an organization that develops, owns and operates affordable housing in the State of California.
The new client has engaged TCAM to provide on-going asset management including overseeing property management and monitoring key aspects of financial operations to maximize cash and value to the owner. As part of the engagement, TCAM is also helping the client to refine its asset management process.
The new engagement adds to TCAM’s growing list of clients that develop and own affordable housing. TCAM is currently providing on-going, long-term asset management and advisory services for banks, insurance companies, corporations and state agencies as well as development organizations. “Maximizing cash flow and value requires intensive, hands-on asset management,” said TCAM CEO Jenny Netzer. “TCAM is pleased to bring its experience and focus to supplement and strengthen owners’ property oversight.”
Overall, TCAM (www.tcamre.com) provides services for 1,332 properties comprising 172,000 apartment units in 43 states, Washington, D.C., and Puerto Rico, representing in excess of $3 billion of client capital.
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.