A respected industry executive, Eugene Gorab has founded two successful financial institutions during his 30-year career. Before establishing Greenfield Partners in 1997, he was one of the founding partners of Starwood Capital Group and headed its Development and Land Groups division. Eugene Gorab maintains membership with several professional organizations, including the Urban Land Institute (ULI).
A nonprofit organization, ULI serves its more than 40,000 global members by providing an opportunity to exchange ideas and share insights with industry experts and policymakers on how to create better communities. In April 2019, ULI released its semiannual Real Estate Economic Forecast, a survey of real estate economists and analysts which looks ahead at the critical real estate and economic indicators from 2019 to 2021. According to the forecast, real estate transaction volume will reach $535 billion in 2019, compared to $562 billion in 2018. Furthermore, 2020 and 2021 will slip further with a projected transaction volume of $500 billion and $480 billion, respectively. Meanwhile, the rate of increase in commercial real estate prices will decline from 5 percent in 2019 to 3.7 percent in 2020 and 2.8 percent in 2021. Institutional real estate assets will yield total returns of 6 percent in 2019 and fall to around 5 percent in 2020 and 2021.
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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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