BOSTON, MA – TCAM announced today the successful completion of another asset management training seminar. Twelve professionals from six organizations attended the session at TCAM’s Boston office. Attendees included asset managers, portfolio managers and investment and loan specialists from a bank, owner/developer, national non-profit, sustainability consultant and a local housing agency.
The training addressed the essential elements of asset management of affordable housing with real-life examples and materials provided for future reference. Attendance was limited to allow for extensive interaction and focus on the concerns of individual participants. Topics covered during the seminar included the following:
• measurement of portfolio and investment performance;
• site inspections:
• regulation, subsidy and compliance;
• industry trends;
• tax return reviews;
• financial analysis and property valuation;
• data and document management; and
• risk rating, problem resolution, refinancing, recapitalization and disposition.
In addition to asset management training, TCAM (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 to capital providers in the affordable housing industry including owners, investors, guarantors and state and local housing agencies for 914 properties comprising 118,000 apartment units in 43 states, Washington, D.C., and Puerto Rico, representing in excess of $3 billion of client capital.
TCAM will hold additional training seminars in May and September. Interested parties should contact TCAM at (617) 542-1200 or via email, afeliz@tcamre.com.
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.
Testimonials from Prior Attendees:
“Early in 2015 three CFG Community Development colleagues with a wide range of tax credit and real estate experience participated in TCAM’s two day training session. It was a great opportunity for applied problem solving as well as formal guidance on industry best practices. Exposure to other industry professionals with different roles provided for rich conversations.”
Amy W. Farrell, Senior Vice President – Community Development Lending and Investment
Citizens Bank, N.A.
“I really enjoyed the TCAM Asset Management training. TCAM staff was very knowledgeable. I found it informative for anyone wanting to learn more about the role and proven practices of an Asset Manager in the affordable housing industry. The materials were thorough, with specific examples showing the importance of Asset Management in the property life cycle. Also, the small class size allowed all participants to interact with each other and the TCAM staff.”
Erica D. Etterling, Portfolio Compliance Manager/Housing Finance and Development Division
Georgia Department of Community Affairs
“TCAM delivered an engaging and valuable training experience that succeeded in equipping me with the essential understanding of the crucial role an Asset Manager plays in the everyday success of our LIHTC properties. The training was exceptional in the sense that it provided both a broad overview of the LIHTC industry, and what we as Asset Managers need to understand and manage in order to provide the expected returns to our investors. The team providing the training was incredibly knowledgeable and confident in the content presented. This was a great experience that has provided me with the resources and tools to take our Asset Management Department to the next level.”
Dana Patterson, Director of Asset Management
Alco Management, Inc.
For more testimonials, click here: Testimonials from Prior TCAM Training Attendees