A real estate investment manager based in Connecticut, Eugene Gorab is the President and CEO of Greenfield Partners, LLC, a leading private equity real estate firm. Eugene Gorab is an active member of the Pension Real Estate Association (PREA), the preeminent association for the global real estate investment sector.
According to the latest PREA research survey, institutional investors have slightly increased their target allocations toward the real estate market so far in 2019. In 2018, 10.2 percent of investors targeted the market. That number is up to 10.4 this year. Commercial property remains an in-demand investment vehicle, with survey respondents indicating that they favor office, multifamily, and industrial real estate over the next 12 months. The study was conducted in conjunction with the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) and the Asian Association for Investors in Non-Listed Real Estate Vehicles (ANREV). The survey polled more than 150 leading institutional investors to glean their insights for 2019. To learn more about PREA and its market research, visit www.prea.org.
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An MBA graduate of the University of Chicago Booth School of Business, Eugene Gorab has served as the President and CEO of Greenfield Partners, LLC, in South Norwalk, Connecticut, for more than two decades. Eugene Gorab is active in several industry-related professional organizations, including the Real Estate Roundtable (RER), an advocacy arm of the real estate industry. One of the major policy initiatives that RER currently supports is the Invest in America Act, a US House Bill introduced in September 2018 by GOP Representative Kenny Marchant and Democratic Representative Joseph Crowley. The law would repeal the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), which imposes a hefty tax burden on foreign investments in domestic real estate. RER believes a FIRPTA repeal would create significant opportunities for new capital infusion into US real estate and infrastructure. RER believes the repeal would also be a mechanism for job growth. The founder and president of Greenfield Partners, LLC, Eugene Gorab is a prominent real estate investment professional based in Connecticut. Aside from leading a successful business, Eugene Gorab is a member of the Pension Real Estate Association (PREA), a nonprofit trade association for the global institutional real estate investment industry. Real estate investments are poised to experience growth, according to PREA’s 2019 Investor Intentions Survey, which found that around 50 percent of global institutional investors foresee increasing their allocations to real estate within the next two years. Only just over nine percent of respondents indicated a likely decrease in real estate investments over the same time period. The real estate sector remains attractive to institutional investors who desire to diversify their multi-asset class portfolio and seek reliable income returns. Of all assets held by U.S.-based investors, 33 percent is allocated to real estate investments, with a tendency to invest more in domestic real estate than in properties abroad. More than 140 institutional investors responded to the PREA survey, who together manage assets totaling $817.5 billion. The president and CEO of Greenfield Partners, LLC, Eugene Gorab has been working in the real estate investment industry for more than three decades. Dedicated to remaining apprised of developments in the field, Eugene Gorab maintains active membership with the Pension Real Estate Association (PREA). Since 1979, PREA has been supporting real estate investors around the world. The organization does this via its interactive forums, sharing of valuable resources, and educational opportunities. In support of its mission, PREA became a sustaining sponsor of the Real Estate Research Institute (RERI) in 1991. A nonprofit organization, RERI supports research on real estate investment and market performance. Since both RERI and PREA have similar missions of disseminating valuable information to real estate investors, a partnership between the two entities was a logical decision. This partnership grants PREA administrative control of the Institute and rewards its members with the information they need to guide their activities within the field. More than 150 research papers have been funded by RERI over the years, thanks to the support of PREA and some of its member firms. These papers have focused on such topics as mispricing, commercial property price indexes, and optimal shopping mall composition. Eugene Gorab is an accomplished private-equity real estate professional who has led the firm Greenfield Partners, LLC, for more than 20 years. In addition to growing his business from two employees to more than 50, Eugene Gorab is an active member of professional organizations including the Urban Land Institute and the Real Estate Roundtable. Recently, the Real Estate Roundtable announced that it had helped launch a new online career platform along with 28 other real estate industry organizations. Called “Careers Building Communities,” the website, in addition to connecting job-seekers with employment, is designed to encourage more students, educators, and mid-life career-changers to explore working in the real estate field. Visitors can use Careers Building Communities to access information about real estate industry trends and even take an interactive quiz to match their interests and skills with a role in a real estate business. With a focus on recruiting diverse talent, the career platform also will benefit industry employers who are currently experiencing a shortage of workers. 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. |
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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