BOSTON, MA – Today, TCAM announced a new engagement with an organization that develops, owns and operates affordable housing. The client has engaged TCAM to help refine and implement strategies for properties approaching Year 15 of the initial tax credit compliance period.
The new client joins a growing list of owners, investors, lenders and guarantors for which TCAM is providing asset management and consulting services. TCAM has provided services to clients for over 800 properties comprising 120,000 apartment units in 46 states, Washington, D.C., and Puerto Rico, representing in excess of $5.5 billion of client capital. “Year 15 issues are now a top concern for both developers and investors,” said TCAM CEO Jenny Netzer. “TCAM can bring broad market experience to help owners and investors prepare for the complexities of Year 15 transactions.”
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.
January 22, 2014 Media Contact: Allen Feliz p: 617.542.1200; afeliz@tcamre.com; f: 617.542.1225