TCAM Helps Housing Partnership Equity Trust Complete Two Acquisitions

TCAM, a leading investment manager and consultant in the affordable housing industry, today announced its role in the recent acquisitions by the Housing Partnership Equity Trust (“Equity Trust” or “HPET”) of Damen Court Apartments, a 150-unit Section 8 property in Chicago, Illinois and Mallard Point Apartments a 173-unit development in Channahon, Illinois. The Equity Trust worked with Hispanic Housing Development Corporation (“HHDC”) to acquire Damen Court and Mallard Point, preserving critical affordable housing.

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Defease With Ease Facilitates $150M Defeasance for Loews Hotels

Commercial Defeasance, LLC just announced the simultaneous defeasance of $150 million of CMBS loans for a luxury resort in Miami, Florida owned by Loews Hotels. The defeasance, a substitution of government securities for the real estate collateral securing the loan, was structured as a New York-style defeasance and combined loans in three different securitizations into one transaction.

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TCAM Signs New Engagement for Asset Management Services

TCAM announced today that it has been engaged by an owner to provide third-party asset management services for a portfolio of tax credit properties located in Texas.

TCAM’s services include property management oversight, financial monitoring and reporting, risk mitigation, compliance monitoring, and physical site inspections. This engagement will expand the capacity of the owner and help it meet its cash optimization goals and regulatory requirements.

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DIF Selects RadianGEN to Manage Solar Projects

DIF, an independent fund management company with an extensive global portfolio of solar projects, has chosen Radian Generation, LLC to provide commercial and technical asset management services for more than 65MW of solar projects in Ontario, Canada.

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