TCAM announced the addition and promotion of staff.
Elaine Magil has joined TCAM, expanding its third-party Asset Management and Consulting and Advisory Services groups as the list of clients grows. In addition, TCAM announced the promotion of Brian Urban to Director. The promotion recognizes Mr. Urban’s role in providing high-quality asset management services for owner/developers and housing finance agencies.
Elaine Magil has nine years of experience in community economic development and affordable housing finance. Prior to joining TCAM, Ms. Magil was a Senior Associate at a national LIHTC syndicator, where she performed financial modeling and worked on property acquisition efforts in 14 states. She also worked in commercial lending to not-for-profit borrowers at a large bank. Ms. Magil’s prior work experience includes program management and direct client service at community development not-for-profit agencies.
Brian Urban has been with TCAM for six years. He has 26 years of experience in real estate finance which includes over 10 years in the affordable housing business. At TCAM, Mr. Urban has been responsible for asset management on behalf of owners of affordable housing properties throughout the country, including state housing finance agencies responsible for properties funded by TCAP and Section 1602 Tax Credit Exchange funds. Mr. Urban’s prior work experience includes asset management and acquisitions roles at a large owner and operator of multifamily properties in the New England region.
“All of our business lines continue to grow, as clients add to their portfolios and we take on new consulting and asset management engagements,” said TCAM CEO Jenny Netzer. “In recognizing Brian’s accomplishments and adding Elaine, we can maintain our high standards for client service.”
TCAM provides 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. Clients include state housing agencies, local housing authorities, investors, banks, and non-profit and for-profit owner/developers.
TCAM is owned by QuietStream Financial (http://quietstreamfinancial.com). QuietStream Financial companies provide alternative asset management services and structured finance products for real estate borrowers, financial institutions and investors.
