As the President of Greenfield Partners, LLC, Eugene Gorab manages billions in assets across the firm's real estate and operating companies. To stay on the leading edge of the real estate industry, Eugene Gorab is active in several professional associations, including the Urban Land Institute (ULI).
A multidisciplinary real estate organization with global reach, ULI frequently publishes reports on market conditions impacting the real estate and land use industries. A February 2019 report titled Climate Risk and Real Estate Investment Decision-Making described how the increasing intensity and severity of weather-related events pose both physical and transitional risks to the value of real estate property. Caused by unforeseen catastrophic damage, physical risks typically result in financial losses through increased insurance premiums, higher capital expenditures and operating costs, and a decrease in property value and liquidity. In addition to physical damage, properties also face transitional risks linked to climate change. With the potential to reduce property values, transitional risks include circumstances like new regulations, reduced access to construction resources, and decreased demand for properties exposed to severe weather events. The ULI report urged the industry to develop strategies to address the increasing threat that climate change poses to real estate investments.
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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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