Eugene Gorab is the founder of private equity firm Greenfield Partners, LLC, which is a multibillion-dollar operation. An alumnus and member of the board of trustees of Bucknell University, Eugene Gorab helps guide the school’s strategic direction.
Located in the center of Pennsylvania, Bucknell University boasts three top colleges: Engineering, Arts & Sciences, and the Freeman College of Management. In February 2020, the school announced the hiring of Eileen E. Petula as its new finance and administration vice president effective May 1. She previously held an executive vice president role at Allegheny College in Meadville, Pennsylvania, and has 26 years of administrative and higher education experience. A Certified Public Accountant, Ms. Petula holds an MBA from Villanova University and is a member of the Redevelopment Authority for the City of Meadville. She also sits on the board of incorporators of Meadville Medical Center. She emerged as the top prospect among an impressive pool of candidates after a national search was conducted by Bucknell University officials and the firm of Storbeck/Pimentel & Associates.
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Eugene Gorab, the President and CEO of Greenfield Partners, LLC, has been involved in real estate investing for more than 30 years. Active in the professional community, Eugene Gorab supports the Urban Land Institute (ULI).
In its efforts to create thriving communities through responsible land use, ULI maintains several centers that bring together supporters, members, and staff members of the organization. One of these is the Center for Capital Markets and Real Estate. Since it was established in 2009, the center has furthered ULI’s work to educate, inform, advance policies, and foster communication in the real estate capital markets sector. Involved in tracking and analyzing global trends in real estate investments, the Center for Capital Markets and Real Estate plays an integral role in developing and guiding both new and ongoing ULI programs. The center gathers information from a wide range of sources, including conferences, forecast publications, and interviews to ensure that ULI members and other real estate professionals are presented with up-to-date information in the investment field Private equity professional Eugene Gorab owns and operates his company, Greenfield Partners, LLC, in Westport, Connecticut. Eugene Gorab leverages his decades of experience in the field of private equity real estate to lead the firm.
The coronavirus pandemic has brought a sudden shift in the way things are carried out, which is now called the new normal. As private equity companies navigate through this new normal, companies are well-advised to take all the necessary precautions to keep their employees safe and productive while helping clients manage, protect, and build wealth. To help employees, private equity companies can start investing in back-office structures to allow workers to work remotely. Additionally, employees need the training to adapt to work-from-home arrangements. Private equity companies must analyze portfolios since the pandemic might have adversely affected some of these investments. Support must be provided immediately to investments in distress. They must be quick to identify new investment opportunities since the pandemic might have created potential investments for people with readily available cash. Private equity companies should keep their network of investors confident by emphasizing their commitment to support as the economy recovers from the ill effects of the pandemic. A real estate leader in Connecticut, Eugene Gorab serves as the CEO and President of Greenfield Partners, LLC. Through this firm, Eugene Gorab and his team invest in real estate that offers high returns and minimal risk for their investor partners. Investing in real estate offers several advantages over many other investments. Here are a few reasons real estate is a good investment opportunity: - Predictable cash flow. After investors take care of mortgage payments and operating expenses on real estate, they should have a cash flow of about 6 percent. - Greater value over time. While the housing market occasionally drops, historically, it always recovers and grows. The ability of the real estate market to bounce back ensures that the value will increase over time, ensuring that investors can enjoy good returns when they hold onto a property for a long time. - Diversification. Investor portfolios that have multiple asset classes have less risk and more stability because of their diversification. Diversification offsets the volatility of high-risk assets and ensures that investors will enjoy steady returns. Real estate professional Eugene Gorab established Greenfield Partners, LLC in 1997 with a mission of building a team dedicated to its work and to each other as well as a firm that can anticipate even drastic changes in the business environment. Eugene Gorab belongs to professional organizations, such as the Pension Real Estate Association (PREA). PREA’s philanthropic arm, PREA Foundation, has collaborated with Sponsors for Educational Opportunity (SEO) to provide real estate training for Black, Hispanic, and Native American undergraduates. The program, called PREA/SEO Real Estate Track, aims to promote inclusion and diversity in the real estate industry. Top real estate firms will benefit from the PREA/SEO Real Estate Track since the graduates of the program will replace entry-level employees and interns. PREA’s network of over 60 partner firms and SEO’s structured professional development provide participants with more than 100 hours of coaching and training, internship opportunities and exclusive access to c-level executives By the time they complete the program, they are well-equipped to be significant contributors to the firms they work for. Most students thrive in diverse roles in the real estate industry, such as commercial real estate, private equity real estate, and asset management. Eugene Gorab is the founder and CEO of real estate investment company Greenfield Partners, LLC. Maintaining affiliations with various industry-related organizations, Eugene Gorab is a member of the Pension Real Estate Association (PREA).
With more than 700 corporate members world-wide, PREA promotes the interests of the world’s institutional real estate industry. Its charitable arm, the PREA Foundation, is dedicated to advancing diversity and inclusion in the real estate industry. Among its initiatives is its partnership with the Sponsors for Educational Opportunity (SEO) to form a pioneering real estate training project for deserving Native American, Hispanic, and African-American undergraduates. To assist the progress and expansion of the PREA/SEO Real Estate Track, the PREA Foundation has given $4 million that goes toward the training and placement of entry-level candidates and interns at leading real estate firms. The initiative endeavors to have a commercial real estate industry with a higher level of diversity. Eugene Gorab has decades of real estate investing experience and has supervised the investment of over six billion dollars throughout his career. Getting his start as a chemical engineer, Eugene Gorab is the President and CEO of Greenfield Partners, a firm that he founded in 1997. Below are some tips about investing in real estate from some of the industry’s insiders: 1. Ridaa Murad cautions investors to learn what the industry’s economic drivers are and keep a close eye on any changes. Once the market starts to shift, it will already be too late so get used to tracking permit and loan applications and demographic shifts, among others. 2. Sticking to a long-term strategy works best in real estate development, says Pamela Goodwin from Goodwin Commercial. As a developer, you need to have a rock-solid plan and stick to it. Never take your eye off the market but don’t overreact to short-term changes. 3. Lee Kiser from the Kiser Group advises developing close relationships with brokers. The earliest signs of a trend will be found on the front lines and that’s the time to pounce on an opportunity. A recognized leader in private equity real estate, Eugene Gorab is the President and Chief Executive Officer of Greenfield Partners, LLC. Additionally, Eugene Gorab is a member of the Urban Land Institute (ULI).
The world’s oldest and largest organization of land use and real estate experts, ULI provides leadership in responsible land use and community development. The organization will be holding its 2020 ULI Spring Meeting on May 12-14, 2020, at the Metro Toronto Convention Centre, Toronto, Canada. One of the featured speakers is Dan Doctoroff, the chairman and CEO of Sidewalk Labs, a company dedicated to developing a model of the future urban community on the eastern waterfront of Toronto. Another featured speaker is global workforce expert Dr. Shirley Davis, who will discuss how the workforce will look in 2030. The meeting’s keynote speaker is Zanny Minton Beddoes, the editor in chief of The Economist magazine. For more information, visit spring.uli.org. The CEO and President of Greenfield Partners, Eugene Gorab has been in the real estate investment space since the early 1990s. Eugene Gorab has completed over two billion dollars of successful investments, much of which was in distressed mortgage acquisitions through the Resolution Trust Corporation.
Distressed mortgages can be a tricky proposition for investors who are unfamiliar with the specifics involved but they can also be a great investment with the right approach. Distressed property mortgages can be purchased at prices far below market value, and through smart collateralization and due diligence, they can create a significant return. Getting value from them, however, is a challenge. Investors need to have extensive experience in refinancing, loan modification, and deficiency judgments and be able to use all those effects. The primary risk is a weak real estate market in cases where foreclosure is necessary. Taking over the property in a weak market that ends up being sold quickly cuts into returns. Therefore, the key takeaway is to have a strong grasp of the real estate market and learn how to hold or let go of properties to mitigate any financial risks. |
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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