Time Equities, Inc. (TEI) is a full service real estate firm actively involved in the acquisition, development, conversion and management of commercial (office, retail, industrial) and residential properties throughout the US, Canada and Germany. Office Properties We uphold the highest standards when acquiring properties. We require each office/flex, office building and corporate campus property to be 80,000 square feet or more, with middle market placement or better – no lower-end properties will be considered. Futhermore, the building must have yields exceeding 7% in the first year with upside potential for future years, or exceeding 8–10% for properties with limited upside potential. Yields for renovation, lease-up or turnaround deals will be considered on a case-by-case basis with a focus on future value and high Internal Rate of Return expectations. TEI gains a competitive edge as a "niche" market player. TEI primarily identifies for investment properties that do not, for various reasons, attract institutional investors. TEI seeks to identify stabilized properties on which 8-10% capital return rates can be earned. Time Equities buys added value deals where we can increase properties’ worth through renovation, lease-up or property improvements. Acquisitions Criteria: Retail Properties All of TEI’s retail locations are 50,000 square feet or more and in good market placement, infill locations. We accept anchored, unanchored, local or regional tenant bases with yields exceeding 7% (unleveraged) in the first year with upside potential for future years, or yields exceeding 8 -10% for properties with limited upside potential. Industrial Properties All industrial properties are 100,000 square feet or more and are located in good market placement. We seek yields exceeding 8% in the first year with upside potential for future years, or yields exceeding 9% for properties with limited upside potential will be considered. Garages TEI seeks to own strategically located garages, typically in densely populated locations. Yields on stabilized properties are usually in excess of 7.5% with upside potential. Residential Properties TEI acquires complexes with 100 units or more in good physical condition. TEI looks for residential properties in middle market placement or better – TEI typically does not buy "C" properties unless they can be repositioned. TEI looks for unleveraged first year yields in the 7% to 8% range with upside potential for future years. Sale Leaseback Transactions We accept only "A" or "B" quality credits with strong real estate fundamentals to support the transaction. The lease term is flexible with yields exceeding 8–10% depending on credit and real estate.
Office |
Industrial |
Retail |
Residential Income |
Hotels |
JV partnership |
Acquisition/Fee Simple |
Value-add |
Development |
$5,000,000 - $10,000,000 |
"We believe that to succeed in real estate one needs to have a long-term view, be flexible, opportunistic and able to maintain a balanced portfolio in diverse markets." As the Founder and guiding force behind Time Equities, Inc., Francis Greenburger has earned a reputation for outstanding integrity and an uncanny ability to foresee changing directions and create value in a variety of real estate markets. Francis lives with his wife, Isabelle and is a devoted father to his four children. He is an active board member in and supporter of, various arts, education and community organizations, as well as the owner of Sanford J. Greenburger Associates, Inc., a full-service literary agency based in Manhattan. He spends his free moments in search of the perfect backhand or skiing (carefully) down the slopes.