Manhattan, NY Time Equities Inc. (TEI) launched the TEI Quarterly Debt Fund LLC, a TEI sponsored investment opportunity structured as a $100 million debt offering that provides investors with an attractive short-term yield and the ability for investors to access liquidity on a quarterly basis.
“With the fund, TEI will be top of mind for investors with a fresh and compelling investment product line alongside its traditional real estate investment offerings, marking a significant step forward as the company continues to diversify and innovate within the investment landscape,” said Francis Greenburger, chairman and CEO of TEI. “As we expand our horizons and navigate an ever-evolving market, we empower our investors to grow alongside us, seizing new opportunities for enhanced returns — without the need to seek external options.”
This offering is designed to complement and expand on the existing TEI sponsored investment platform which includes a range of diversified real estate funds (designed for tax advantaged income and growth), short-term debt offerings and custom 1031 exchanges into single assets.
“Time Equities’ Quarterly Debt Fund presents an exceptional opportunity for those seeking diverse avenues to deploy their capital, addressing both short-term income needs and liquidity considerations,” said Alexander Anderson, senior director of TEI. “This open-ended fund, offers a versatile alternative to traditional options such as money market or savings accounts and broadens the scope for investors while enabling TEI to leverage a newly established private credit line.”
For investors seeking to participate and diversify their portfolio, TEI is currently offering an introductory rate of 8%annualized on a pro-rate basis between now and the end of 2024. Beginning in January 2025, the rate will convert to a floating rate that adjusts on a quarterly basis against the three-month U.S. Treasury Bill, in addition to 150 basis points (1.5%). The minimum investment amount is $25,000, and investors will have the option to redeem their earnings after the first full calendar quarter.
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