Time Equities Securities LLC, owned by Time Equities Inc. (TEI), announced the closing of its sixth diversified income and opportunity fund (Fund VI), raising $25 million. Since its inception, Fund VI has deployed capital into 15 diverse assets across 15 U.S. states, including industrial, multifamily, student housing, retail, office properties and B-note participations.
Fund VI reflects TEI’s established investment philosophy, which combines the acquisition of income-producing and opportunistic properties with the potential for long-term appreciation. Distributions commenced at the rate of 6 percent per year on invested capital, with further potential discretionary opportunities for year-end performance bonus distributions.
“In an era of economic uncertainty, TEI believes that Fund VI represents the strength of TEI’s long and diversified approach to real estate investment,” said David Becker, head equity strategist and senior managing director of TEI’s equity
