Today, TCAM announced a new engagement providing fund, as well as asset management, services for a new investor client. In order to facilitate a secondary market tax credit (LIHTC) transaction, TCAM is assuming the roles of fund and middle-tier general partners and special limited partner while providing on-going asset management services.
The new engagement adds to TCAM’s growing list of investor clients and expands the ways in which TCAM can work with tax credit investors. “Two investors wanted to transfer interests,” said TCAM CEO Jenny Netzer. “TCAM’s willingness and ability to take on partnership interests allowed the transaction to proceed.”
TCAM (http://www.tcamre.com) provides asset management and consulting services for investors, syndicators, owners, lenders, housing finance agencies and authorities and guarantors. Overall, TCAM provides services for 1,677 properties comprising 176,837 apartment units in 48 states, Washington, D.C., and Puerto Rico, representing in excess of $5 billion of client capital. TCAM is headquartered in Boston, MA and is owned by its employees and QuietStream Financial (http://quietstreamfinancial.com).
QuietStream Financial serves commercial real estate owners and related professionals with a portfolio of innovative businesses.