Time Equities, Inc.

Founded in 1966, Time Equities, Inc. (“TEI”) is a diversified investment, development, asset and property management, and alternative energy company that has been in business for more than 57 years. TEI currently holds in its own portfolio approximately 42.8 million square feet of residential, industrial, office and retail property including about 5,000 multi-family apartment units, approximately 685,000 square feet in pending acquisitions, and 2.8 million square feet of various property types in stages of pre-development and development. With 339 properties across 36 states, five Canadian provinces, Anguilla, Germany, Italy, the Netherlands, and Scotland, the TEI portfolio benefits from a diversity of asset types including non-performing loans, B-notes, and alternative energy investments. TEI has a variety of market concentrations in the Northeast, Southeast, Midwest and West Coast of the U.S., and new markets around the world are always being evaluated.