From the March issue: Real estate titan Francis Greenburger, the CEO and chairman of Time Equities, first met industry veteran Harry Kantor more than five years ago. Kantor had a ski buddy who worked for Greenburger. “He said to me for years, ‘You’ve got to meet Francis,’” recalled Kantor, the CEO of KOR Companies, a New Jersey-based real estate investment and development firm. “But I never had a project that I thought was suitable.” That suitable project arrived in the form of Montgomery Greene, a high-rise condominium in Jersey City that became the first of many projects the two collaborated on. Now, five years later, their partnership has moved to the next level. Time Equities and KOR have formed a new venture to take advantage of buying opportunities presented by the faltering real estate market. They’re looking to purchase land, partially developed projects, or debt on land priced from $10 to $50 million.
A look at investors diving into distress
March 05, 2009 06:09PM
By Candace Taylor
