Francis Greenburger

Where is Time Equities going to be in 2026? 

Time Equities has grown 5 to 10 percent in each of the last 25 years. I expect our company to continue to grow each year, including 2026, 2028 and 2033, within this range. This includes our new renewable energy investment initiative, which will grow at an even greater rate.

Where is Time Equities going to be in 2028? 

I envision Time Equities at the forefront of sustainable real estate development and innovation by 2028. We’ll continue to expand our global portfolio while prioritizing environmental and social responsibility, aiming to create lasting value for our investors and communities.

Where is Time Equities going to be in in 2033?

I anticipate Time Equities to be a leader in cutting-edge real estate solutions by 2033. We will further enhance our commitment to sustainability and technology, revolutionizing the industry. Our global presence and positive impact on communities will continue to grow, delivering exceptional value to our stakeholders for decades to come.

Tell us about a successful financing you’ve done in the last 12 months. Or tell us about an unsuccessful one. 

Successful: We closed on a $40 million land loan on a 900-unit development site that we are in the process of developing in Boynton Beach, Fla., with Deutsche Bank. 

Unsuccessful: We had to restructure an existing loan with additional support on a shopping center in Ohio because the appraiser insisted on using a 16 percent cap rate.

When will we know the market has stabilized? (Be specific!) 

The real estate market is never stable — it is dynamic and always changing. Right now, we are in a phase of banking disruption, which will begin to stabilize when interest rates come back to a more normal range of 5 percent, and new banking capacity makes up for the loss of SVB, Signature and First Republic.

How do you think the 2024 presidential campaign will impact the commercial real estate market?

The presidential campaign will be affected by any new tax and economic policy changes advocated by the leading candidates.

If you were to invest your own money in someone else’s real estate, who do you like and why?

We joint-venture with experienced, competent real estate entrepreneurs as a regular part of our business. We expect to continue to do so in the years ahead. They provide us with market insight and access to new deals and markets we are less familiar with.

What business advice are you most tired of hearing?

That this is the “wrong time” to invest. It is always the “right time” to invest depending on the transaction. The real estate business takes place in a national and international market-
place. One can always find new markets which, because of regional cycles, offer good opportunities due to economic disruptions.

What’s the biggest market opportunity as we round out 2023?

REO. The lenders are taking on more and more, and will need to sell assets to competent operators to purchase.

Have you had a lot of staff turnover?

Our staff has a history of long-term stability. We believe that if you help people achieve their potential and offer good working conditions, they will remain committed.

Who do you like for POTUS in 2024? Joe Biden for president and Condoleezza Rice for vice president. The first bipartisan presidential ticket.

Do you feel personally safe moving through NYC? Yes, but cautiously and I limit my street exposure. 

Jerome Powell: Are you a fan or critic? Fan. Tough job. 

Elon Musk is…? Innovative but inconsistent.

Taylor Swift or Beyoncé?  Beyoncé. 

Artificial intelligence — good or bad? Good, but has to be regulated. 

Mischa’s or Nathan’s for a hot dog? Nathan’s.

Netflix or Hulu?  Netflix.

What character are you in “Succession”? None. I try to be guided by my moral compass.