The manager of more than $7 billion in real estate and operating companies, Eugene Gorab has served as the president of Greenfield Partners, LLC, for the past 20 years. In addition to leading a successful investment business, Eugene Gorab is an active member of professional organizations including the Urban Land Institute (ULI). A multidisciplinary real estate organization with a worldwide reach, ULI recently co-authored a report calling for greater industry attention on the investment risks posed by climate change. The report, called “Climate Risk and Real Estate Investment Decision-Making,” stresses the global need to implement strategies to mitigate investment losses and to accurately price climate change-associated risks into investment decisions. When assessing climate risk in real estate and formulating solutions, the ULI report asks investors to consider physical risks such as natural disasters as well as transitional risks such as new regulations, resource availability, and changing ideas about what constitutes a prime location. ULI projects that climate change will impact the real estate investment sector with higher operational costs and lower property values in some locations. The report was based on existing research as well as input from more than 25 investors and investment managers on three continents.
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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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