An accomplished private equity real estate executive, Eugene Gorab has served as president of Greenfield Partners, LLC, for more than 20 years. In addition to managing in excess of $7 billion in real estate and operating companies, Eugene Gorab is an active member of professional organizations, including the Urban Land Institute. In December 2018, The Urban Land Institute organized a group of real estate, urban planning, and land use experts to visit Toa Baja, Puerto Rico, and confer with local officials on strategic disaster preparedness improvements for the island. The panel evaluated Puerto Rico’s economic development, housing, and land use protocols in order to increase community resilience in the face of future large-scale storms. During the visit, the experts addressed ways to mitigate environmental risks with appropriate land-use protocols, as well as strategies for growing public-private partnerships and investment opportunities. The panel spent time interviewing Toa Baja municipal officials, including mayor “Betito” Marquez. Before departing, the ULI panel drafted a report and delivered a presentation with disaster preparedness recommendations to the Toa Baja officials.
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The CEO and president of Greenfield Partners, LLC, a private equity real estate firm in Connecticut, Eugene Gorab has been working in the acquisition and investment in real estate for more than two decades. Active in the professional community, Eugene Gorab belongs to organizations such as the Urban Land Institute (ULI). In its efforts to promote the responsible use of land and the creation of sustainable communities, ULI regularly conducts surveys and other reports. The organization’s recent Greenprint Center for Building Performance report looked at the commercial real estate industry’s progress toward environmental sustainability. Data for the report came from Greenprint Center members, who are some of the leading real estate investors, owners, and financial institutions in the world. According to the report, Greenprint Center members are making significant progress in the reduction of water usage, waste disposal, energy consumption, and carbon emissions in their buildings. This puts them on track to surpass the Greenprint Center’s 2030 target of reducing emissions by at least 50 percent. Greenprint Center members reduced their emissions and energy consumption by employing a wide range of practices, including tenant engagement, waste reduction projects, and the installation of high-efficiency equipment. Because of these practices, emission reduction among members was equivalent to taking 12,600 cars off the road and planting 1.5 million trees. Eugene Gorab serves as the CEO and president of Greenfield Partners, LLC. Under the oversight of Eugene Gorab, the private equity real estate firm specializes in direct investments. In real estate, direct investing refers to activities that grant investors a stake in a specific property. This means investors either own an entire real estate asset or part of a property via a partnership with other investors. At its core, direct investing gives an investor ownership of a property. With direct investing, investors have greater control in investment decisions, which allows them to focus on building types and locations they like. Conversely, indirect investing involves buying a share in a private or public company, such as a real estate investment trust (REIT). These entities own and manage real estate portfolios. Although indirect investing does not grant investors the same level of freedom as direct investing, the strategy is still beneficial since it ensures investors receive some returns regardless of how the property performs. Further, indirect real estate investing allows investors to buy and sell shares more easily, particularly when they have invested in a publicly traded REIT stock or mutual fund. Eugene Gorab serves as the president and chief executive officer of Greenfield Partners, a Connecticut-based private equity firm. In addition, Eugene Gorab is an active member of the Pension Real Estate Association (PREA), which serves its corporate membership through forums and discussions that focus on education, research, and exchange of information. PREA also offers scholarships through its foundation. On September 18, the PREA Foundation announced the recipients of the 2018 scholarships. Ten students of real estate at either the undergraduate or graduate level have been awarded $20,000 apiece. PREA has also partnered with the Robert Toigo Foundation to grant scholarships to minority and women students. This year’s PREA-Toigo Fellowship was awarded to four individuals, each of whom received $10,000. The recipients of the scholarships include students who have interned with prominent real estate organizations and are actively involved in local urban development. A successful entrepreneur and real estate professional, Eugene Gorab serves as the president and chief executive officer at Greenfield Partners in Connecticut. Since its founding in 1997, Eugene Gorab has been integral to the firm’s success in bringing over $7 billion in real estate and operating company investments under management. Mr. Gorab is an active member of the Real Estate Roundtable. Based in Washington, D.C., the Real Estate Roundtable (RER) is a nonprofit organization with a strong focus on public policies including tax, capital and credit, environment and energy, and homeland security. RER has three important publications, including Policy Agenda, the Annual Report, and the Roundtable Weekly. The September 7, 2018 Roundtable Weekly newsletter discussed the meeting held at the White House and attended by 13 hospitality CEOs, four members of the Real Estate Roundtable, and President Donald Trump regarding the international tourism and economic growth of the country. The meeting focused on several policy areas that can contribute to the growth of foreign and domestic travel. The policies cover secure visa application process, transportation infrastructure, and support for Brand USA, an organization responsible for marketing the United States as a leading travel destination. A widely recognized expert in the private equity real estate sector, Eugene Gorab serves as the founder and chief executive officer at Greenfield Partners LLC. Founded in 1997, Greenfield Partners started with two employees and under Eugene Gorab's guidance has grown to 52 employees with offices in three cities. Mr. Gorab is a member of the Pension Real Estate Association. The Pension Real Estate Association (PREA) is a nonprofit trade association that aims to engage its members in the global institutional real estate community by hosting educational and research forums, encouraging membership interaction, and facilitating the exchange of information. PREA offers fellowships and grants to students and graduates as well as the James A. Graaskamp Award. The PREA James A. Graaskamp Award was established in honor of the late Dr. James A. Graaskamp, a renowned professor of real estate at the University of Wisconsin and an ardent advocate of applicable real estate research. Granted biennially, the award aims to recognize those who have made significant contributions to real estate research and helped decision makers understand and work toward the solution of problems facing the industry. The PREA board of directors manages the award process, and the chosen recipient is presented at the Annual Investor Real Estate Conference. The organization also gives a scholarship of $10,000 to the academic institution of the recipient’s choice. Eugene Gorab serves as the founder and chief executive officer at Greenfield Partners, a Connecticut-based real estate investment firm that has sponsored nine discretionary investment funds and secured capital investments from leading investors of over $7 billion. Eugene Gorab is an active member of the Urban Land Institute. Founded in 1936, the Urban Land Institute (ULI) is a nonprofit organization focused on education and research in real estate and urban development. Through donations, ULI facilitates various housing programs in the United States including the Terwilliger Center for Housing. ULI Terwilliger Center for Housing was established in 2007 in honor of longtime ULI member and former chairman J. Ronald Terwilliger, who donated $5 million to the ULI Foundation. The center aims to facilitate the creation and sustainability of affordable and workforce housing in communities across the United States. Guided by its mission, the center conducts research, analysis, and provides best practice recommendations on the effective land use and development priorities of ULI’s housing activities in the United States. The Terwilliger Center for Housing's research activities are sustained by gifts to ULI's annual fund. An MBA Graduate from the University of Chicago, Eugene Gorab serves as the founder and chief executive officer of Greenfield Partners, LLC in Connecticut. Eugene Gorab supports nonprofit organizations such as the Real Estate Roundtable, a group that advances education and promotes research in areas related to real estate development. The Real Estate Roundtable aims to bring together national leaders and real estate trade associations to address key national policy issues related to taxes, capital and credit, the environment and energy, and homeland security. The Real Estate Roundtable is one of 29 real estate organizations collaborating to raise awareness of and attract diverse talent to the industry through the Careers Building Communities platform. Founded in early 2018, Careers Building Communities is designed to help students, educators, and other professionals to explore career paths in real estate and connect with participating organizations. The platform shares industry knowledge about a number of opportunities in real estate including property management, interior design, and landscape architecture. Visitors can take a quiz to match their skills and interests with industry demands in market research, real estate consulting, construction, and development. A Connecticut-based private equity executive, Eugene Gorab guides Greenfield Partners, LLC, and provides investment solutions in the real estate sphere. Eugene Gorab takes pride in enabling investment partners to safeguard their interests within evolving financial and market situations. As a macro trend, the private equity sphere is undergoing a transformation as the asset class broadens and gains flexibility. Spanning traditional private equity, infrastructure, real estate, natural resources, and private debt, the versatile private equity capital segment now represents $5 trillion in assets under management and has grown at a pace of at least 8 percent annually over the past decade. Private equity capital’s growth as an asset class has important ramifications, including providing liquidity and increased valuations through the power of capital pools. It also makes going public less attractive, considering the expenses and regulatory burdens associated with maintaining a public corporation. A result is that a growing number of businesses are staying private longer or going private, with private equity capital providing accessible and substantial financial resources. A longtime Connecticut private equity executive, Eugene Gorab has guided results-focused transactions in the real estate sector. Eugene Gorab presently leads a Westport, Connecticut-based firm with more than 50 employees and regional offices in New York, Chicago, and Arlington, Virginia. According to Crain’s Chicago Business, the Windy City has experienced impressive growth in a number of South Side neighborhoods through mid-2018. With distressed property rehabilitation proceeding apace, Grand Boulevard in Bronzeville is experiencing particularly robust growth, as a number of new condo projects come online. The median price of attached homes rose nearly 30 percent in the year’s first quarter to just shy of a still affordable $200,000. At the same time, the Calumet Heights neighborhood at Jeffery Boulevard and 90th Street is witnessing extensive rehabilitation activities, with rehabs making up a full 25 percent of recent sales. On the far North Side, neighborhoods such as West Ridge are also heating up as buyers seek quality properties in the $500,000 range. One result of this upsurge is that some buyers are being priced out of what was until recently a relatively affordable market. |
AuthorCurrently, Eugene Gorab serves as the President and Chief Executive Officer of Greenfield Partners, LLC, a company he founded in 1997. Archives
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