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Time Equities raising third real estate fund
Francis Greenburgers’ firm wants $100M to invest in US, Canada and Europe
Time Equities is raising its third and largest real estate investment fund with a target of $100 million, David Becker, who manages the firm’s equities division, said.
According to Becker, the fund is expected to close in the fall and will target income-producing and opportunistic investments in the U.S., Canada and Europe (primarily the Netherlands) with annual returns between 10 and 15 percent.
New York-based Time Equities raised $25 million for its first fund and $60 million for its second, according to Becker, mostly from wealthy individuals.
Francis Greenburger’s firm is currently developing the 780-foot-tall condo tower 50 West Street in the Financial District.