BOSTON, MA – TCAM announced today that it has been engaged by a bank investor to manage a fund of affordable housing properties. TCAM’s services include property oversight as well as fund management, investor reporting and fund accounting. This engagement will help expand the capacity of the bank’s asset management group and help it meet its risk management and reporting requirements.
This engagement is the most recent new assignment for TCAM from a bank housing credit investor. TCAM is currently providing asset management and consulting services for other banks, investors, insurance companies, corporations, owners and foundations, as well as state and local housing agencies. 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. “Bank investors are exploring more options for managing their portfolios and investments,” said TCAM CEO Jenny Netzer. “TCAM is pleased to help them expand their businesses and increase their profitability.”
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.