Time Equities raises $128m for fourth real estate fund

New York City–based real estate investment firm Time Equities, Inc. (TEI) has closed its fourth fund (Fund IV), with $128 million in capital commitments.

TEI said Fund IV, launched in spring 2018, has allowed the firm to deploy capital to acquire whole and partial interests alongside TEI’s core capital in a diversified portfolio of income-producing and opportunistic assets throughout the United States and Europe. The firm launched its first fund in the series seven years ago and is planning to launch its fifth in first quarter 2020.

The fund is led by David Becker, senior managing director of TEI’s equity department and member of the TEI executive advisory board.

“We continue to follow a contrarian investment strategy focused on acquisitions of undervalued assets across the United States and Europe,” said Becker. “As long-term owners, we believe that a diverse portfolio spread over multiple property types and geographic locations best positions us to