Francis Greenburger

Francis Greenburger, the septuagenarian founder and CEO of Time Equities, has returned to New York City’s multifamily market after nearly a decade away. In June, he acquired a 38-unit building in Brooklyn’s Ditmas Park — temporarily rent-stabilized under 421a — his first multifamily purchase since 2014.

Greenburger launched Time Equities in 1966, building it into a sprawling real estate business that spans investment, development, asset management, brokerage, and even alternative energy. In the flush lending years of the 1980s, Greenburger specialized in co-op conversions, repurposing more than 10,000 units in over 100 New York City buildings. 

Today, his portfolio encompasses roughly 45 million square feet across 345 properties in 37 U.S. states, five Canadian provinces and internationally in Germany, Italy, the Netherlands, the U.K., Scotland and Anguilla. The holdings range from 6,000 multifamily apartments to office, retail, industrial space, and pre-development projects, with strategic investments in non-performing loans, B-notes, and alternative energy ventures.

From his early days all the way to his $550 million condo development at Manhattan’s 50 West Street, Greenburger has quietly nurtured several side interests, including a successful literary agency founded by his late father.