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.
This engagement is the most recent new assignment for TCAM from an owner/developer. TCAM (www.tcamre.com) is currently providing asset management and consulting services for other owners, banks, investors, insurance companies, corporations as well as state and local housing agencies. Overall, TCAM has provided services to clients for over 940 properties comprising 135,000 apartment units in 46 states, Washington, D.C., and Puerto Rico, representing in excess of $6.6 billion of client capital. “As development organizations grow, they often need help staying on top of their responsibilities as owners and maximizing performance of their properties,” said TCAM CEO Jenny Netzer. “TCAM’s services help clients continue to grow, and grow profitably.”
TCAM is owned by QuietStream Financial (https://www.quietstreamfinancial.com/). QuietStream Financial’s companies provide alternative asset management services and structured finance products for real estate borrowers, financial institutions and investors.