Francis Greenburger
Chairman and CEO at Time Equities
Which residential market are you most bullish on — New York or South Florida?
South Florida. The New York regulatory environment does not support sustainable economics for residential rental housing.
If you could invest in any market that you aren’t already in, where would it be?
Rather than choosing a market, we follow opportunities driven by contrarian thinking, advantageous pricing and sustainable economics.
Is the bright red Uniqlo vest featured in the 2015 Bloomberg article still in your portfolio?
Yes, but I tend toward my blue and dark vests more these days.
What types of assets in your portfolio are you phasing out?
We like to sell selectively and accretively when cap rates compress. We are currently selling two building sites, one in the East 50s in Manhattan and another in Fairfax, Va.
What is your next big residential development project?
We just broke ground on 450 apartments, the first of two phases totaling 900 units in Boynton Beach, Fla.
Lightning Round:
Your AI platform of choice? Claude.
Who would play you in a movie? Myself.
One prompt you’d never give AI. Am I a good person?
Jalen Brunson or Aaron Judge? Neither.
“Oppenheimer” or “Odyssey”? “Odyssey.”
Tom Holland, Andrew Garfield or Tobey Maguire? Tobey Maguire.
Have you ever eaten pizza with a knife and fork? Yes.
The most money you’ve ever spent on a hamburger? $30.
Bank or non-bank? Bank.
Last book you read? A novel by Ann Patchett.
Borrowing costs — up or down in 2027? Both.
What was your nickname when you grew up/started out? Fran.
How long do we have before AI kills us all? We are going to have some serious disruptions, but then we will work it out and survive.
Where’s your secret escape compound? (Think Peter Thiel’s New Zealand Plan B.) My houses in Anguilla, France or Holland.
The Stories Behind the List
