Time equities finds home in Berlin.

GERMANY: New York-based Time Equities, Inc. (TEI) recently acquired Berliner Strasse 45, a 14,800 square-foot, 23-unit residential apartment building in Berlin, Germany for approximately $1,137,956.

Francis Greenburger and Gary Limjuco, CEO and director of equity investments at Time Equities, respectively, negotiated the transaction. TEI's Berlin-based strategic partner, Michael Will of W Property Group, sourced the investment opportunity, provided local market knowledge and managed the acquisition process.

"The German real estate market appears to be at the bottom of the cycle," said Limjuco. "With the help of our local strategic partners, we believe that we can find attractively-priced investment opportunities within select micro-markets throughout Germany."

In its global acquisitions effort, Greenburger believes that Time Equities possesses a distinct competitive advantage.

"We have sufficient flexibility in our investment strategy to consider a wide array of property types with varying risk-return profiles. In addition, we can evaluate investment opportunities brought to us by our local strategic partners and provide the required equity capital within a very short time period.

"Our ability to respond quickly was a critical factor in successfully securing and ultimately acquiring the Berlin property."