Francis Greenburger.
Francis Greenburger
Chairman and CEO at Time Equities
In 2021, will you buy or sell any real estate? What kind?
Yes — we will be opportunistic buyers of all property types, except hotel. We currently have five properties under contract to purchase. We will selectively sell properties where we see advantageous pricing. As an example, we currently have four properties under contract of sale.
How f@*$ed is retail?
High-quality retailers will outperform expectations.
How flexible are you with negotiating rents?
Flexible.
Has your “dead to me” list grown?
Not that I know of.
Are you in the market for financing?
Yes.
What would be the signs that things are NOT going to improve in 2021?
Will depend on COVID-19 outcomes, medical innovations, etc.
What do you think will NOT go back to normal?
Effects of environmental warming.
Who do you like for mayor in 2021?
Will support candidates who have a meaningful plan for economic recovery.
What do you think the city and/or state should do to help both real estate and the city?
Reduce tax assessments to reflect reduction in values and rents; reduce excessive rent regulations and encourage condominium conversions to increase tax base and preserve housing.
How do you think the November election will affect real estate? How do you see a Trump win? How do you see a Biden win?
Real estate will be helped by competent, stable and informed leadership.
LIGHTNING ROUND
Where’s your apocalypse bunker? Canada or Europe.
Favorite at-home quarantine foods? Cheese, fresh fruits and vegetables.
Did you gain or lose weight during quarantine? Stable to lost.
Sourdough bread, banana bread, other? N/A
Which TV show have you binged? “Designated Survivor”
What restaurant did you go to when restaurants reopened? Village Taverna, a Greek restaurant at Union Square.
Mayor de Blasio: Best Mayor or Best Mayor EVER? N/A
Best work-from-home hack? Diet Cokes, fattening snacks and breaks to walk in the woods.
Where did you quarantine? Hudson Valley
Biden, Trump or Kanye? Biden
