A Connecticut-based real estate investment professional, Eugene Gorab has served as the President of Greenfield Partners, LLC for 20 years. In addition to leading a successful private equity real estate firm, Eugene Gorab frequently participates in industry events, including those organized by the Pension Real Estate Association (PREA).
A non-profit trade association representing the institutional real estate investment industry, PREA’s second-quarter 2019 Consensus Forecast reported a positive outlook for pension funds invested in commercial real estate. On average, the survey respondents project the National Council of Real Estate Investment Fiduciaries (NCREIF) Property Index will achieve a 6.3 percent total return in 2019, before experiencing more moderate growth (under 5 percent) for the following two years. The current survey reflects more optimism than the Consensus Forecast that covered the fourth quarter of 2018 when respondents predicted only a 5.7 percent total return in 2019. According to Greg MacKinnon, Ph.D., PREA’s director of research, the increase in positive outlook is partially based on speculation that the US Federal Reserve will maintain or even reduce interest rates this year.
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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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