Eugene Gorab serves ans CEO and president of the private equity real estate company Greenfield Partners, LLC. In addition to his leadership responsibilities at Greenfield, Eugene Gorab is an active member of the Urban Land Institute (ULI).
The Urban Land Institute is a cross-disciplinary network of real estate professionals and land use specialists. In May, the organization hosted a digital event centered around the ULI Real Estate Economic Forecast, a semi-annual expert survey that questions respondents on 27 critical real estate and economy indicators. The 2023 survey included questions about the current year, as well as future forecasts for 2024 and 2025. The survey serves as a platform for discussion among ULI members, who evaluate how the forecast has changed over the preceding six months and debate what external factors contributed to these changes. The meeting, which featured speakers Sabrina Unger, head of research and strategy at American Realty Advisors, and StepStone Group managing director Sara Rutledge, was presented live on Zoom. ULI members can access live telecasts of future ULI meetings or comb through the organization’s archives at uli.org.
0 Comments
Eugene Gorab is president and chief executive officer of the private equity real estate company Greenfield Partners, LLC. In addition to his work leading the company, Eugene Gorab spends time engaging with professional organizations such as the Urban Land Institute.
The Urban Land Institute (ULI) is the world's most established and expansive network of real estate professionals and land use experts. A recent report from ULI Americas shared research conducted by ULI in partnership with the Instant Group that explored the future of workspaces in the United States. The report, titled Bridging the Occupier-Landlord Gap for the Future of Workspace, found that while both the work environment and workforce has changed significantly in a short period of time, the traditional office is not going anywhere. The report provides insight into macroeconomic trends impacting America's working community and real estate, as well as more nuanced changes in occupier behavior. With these changes in mind, property owners will need to take new approaches to comfort and efficiency in order to remain competitive. On a related note, the report determined that landlords must become more willing to collaborate with occupiers on specific needs so that property owners are able to support the correct office utilization features. More information about the report is available from the ULI at uli.org. Based in Fairfield, Connecticut, Eugene Gorab is President of Greenfield Partners, a private equity real estate company. With over 20 years of experience in real estate, Eugene Gorab has been involved in many organizations, including the Urban Land Institute (ULI). ULI is a global non-profit organization with offices in Washington, DC, Hong Kong, and London. ULI’s purpose is to transform urban communities through research, development, and educational outreach on topics such as sustainability, compact development, and workforce housing. ULI will host the 2022 Japan Fall Conference in Tokyo on November 30th. This one-day event will feature numerous networking opportunities and guest speakers who will specifically address the current market and how to navigate drastic inflation, the war in the Ukraine, and an unsettled global economy. One keynote session will cover the topic of serving the “super wealthy” and give strategies for successful development catered to their needs in terms of membership clubs, senior housing, and international schools. While the conference will take place in Japan, ULI offers a digital pass for international users as part of each registration.
As president and CEO of Greenfield Partners, LLC, Eugene Gorab delivers real estate private equity services that meet the needs of high-net-worth clients. Eugene Gorab maintains an active presence in his professional community and is a member of the Urban Land Institute (ULI).
Committed to designing future urban areas in sustainable, efficient, and livable ways, ULI hosts a number of panels focused on specific locations. An August 2022 event focused on plans for the Parkway District of Garden City, Idaho. The municipality is working with private partners to create a mixed-use community in the vicinity of Veterans Memorial Parkway and Chinden Boulevard. The partnership is focused on attracting just the right mix of retail tenants for the pedestrian area, along with local businesses that offer homegrown, experiential shopping. Another aspect of the Parkway District vision is encouraging inclusivity and setting aside space for neighborhood services that preserve the local character. The vicinity of the Boise River Greenbelt provides a number of nearby amenities, with preferred modes of transport including scooters, e-bikes, and bicycles. When it comes to housing, ULI recommends smaller, more densely planted units. Although Idaho does not have any official affordable housing mandates, a major focus is on ensuring that prices are comfortably within the range of new tenants of a dynamic, growing region. A master of business administration from the University of Chicago, Eugene Gorab currently serves as CEO and president of Greenfield Partners, LLC, a South Norwalk, Connecticut-based private equity real estate company he founded in 1997. To keep abreast with the most recent developments in the industry, Eugene Gorab holds membership in various professional organizations, including the Pension Real Estate Association (PREA) and the Urban Land Institute (ULI).
Since its founding in 1936 in Illinois as the National Real Estate Foundation for Practical Research and Education, ULI has grown to a worldwide network with over 45,000 members. Comprising a diverse cross-section of real estate and land use professionals, it strives to create a transformative built environment and positively impact communities around the globe. In that respect, ULI offers an array of educational, information exchange, and career development opportunities. In addition, it distributes multiple awards, such as the ULI Global Awards for Excellence. Established in 1979, the ULI Global Awards for Excellence honor outstanding development projects and programs for private, public, and non-profit entities. Winning projects can vary widely in type and encompass offices, hotels, residential buildings, factories, and open spaces. As for programs, these are typically policies and initiatives that streamline development. While architecture and design are crucial, the jury evaluates the project or program’s development process in its entirety. The jury consists of ULI members from diverse geographic and expertise backgrounds, ranging from planning and development to finance and public affairs to design. For the past decade, the Awards occurred as a single global competition. In 2022, however, contenders must first compete on a regional level. Only those who have won the ULI Awards for Excellence in the separate regions - Americas, Asia Pacific, and Europe, will qualify for the final global awards. The organization will reveal the 2022 ULI Global Awards for Excellence winners in the summer or fall of the same year. A resident of Westport, Connecticut, Eugene Gorab graduated from the University of Chicago, where he obtained a master of business administration. Eugene Gorab currently serves as the president and chief executive officer of Greenfield Partners, LLC, where he specializes in private equity investments.
In a private equity investment, private capital and funds are directly invested into other companies. Private equity investments have become more popular because they can help companies access liquidity faster and easier. For example, a company that does not have the means to make a high-interest loan at a bank or financial institution can receive funds through private equity investments and survive or improve its services quickly. This is highly beneficial for startups and small companies, In return for their investments, private equity companies or investors receive income through management fees and performance fees, depending on how well the company performs after the investment. Typically, private equity companies do not charge more than 2 percent in annual management fees, but they may require 20 percent of proceeds if the company is sold. Eugene Gorab, an MBA graduate from the University of Chicago in Illinois, is the president and chief executive officer at Greenfield Partners, LLC in South Walk, Connecticut. He oversees the daily operations of the private equity real estate firm and continually seeks to build a strong team dedicated to excelling in real estate management. Alongside work, Eugene Gorab loves volunteering and giving back to the community and served as the Appalachia Service Project (ASP) director.
The central Appalachia region relied on mining, agriculture, and forestry for sustenance. However, diminishing returns and regulations of some of these industries gravely impacted the region, making it one of the most impoverished areas in the United States, especially during the 1960s, when the poverty rate was 31 percent. An area significantly affected was the availability of safe, affordable, and hygienic housing. Through more than 15,000 thousand volunteers, ASP, a Christian ministry, works to repair and replace substandard homes for more than 350 rural central Appalachia low-income families with the primary mission of providing warm, safe, and clean living spaces. The restoration sessions occur twice a year. The first session serves 20 to 30 communities in the central Appalachia region from June to August, where ASP leases accommodation and summer centers for the volunteers in the local schools and churches. From September to May, the second critical repair session operates from more permanent locations in southwest Virginia and northeast Tennessee. Real estate investment leader Eugene Gorab oversees operations at Greenfield Partners, LLC, as President and CEO. When he isn’t busy handling a broad range of real estate investment opportunities, Eugene Gorab supports Bucknell University, his undergraduate alma mater, as a trustee.
According to U.S. News & World Report, Bucknell University was one of 2020’s top 20 colleges that had the best return on investment. Approximate costs for the university include around $59,000 in tuition, $5,700 for meal plans, and $9,200 for housing. This amounts to a total estimated cost of $73,900 for 2021-22, not including activity fees or other expenses. Fortunately, Bucknell offers a great deal of financial aid support for its students. Not only does it accept need-based grants, like the federal Pell Grant or Pennsylvania State Grant, but also it welcomes loans from both the federal government and other private providers. The university itself also maintains a monthly payment plan for students and their families. This plan lets students cover their college costs via five consecutive monthly payments. All installments are free of interest, and applying for the program does have a fee associated with it. Bucknell University also helps students find the funding they need in other ways, like the federal work-study program. Students in this program work eight to 10 hours a week and receive wages from both Bucknell University and federal funds. The university’s Tuition Exchange program also alleviates the financial burden of attending college for some students. Having earned an MBA from the University of Chicago, Eugene Gorab is the President and CEO of Greenfield Partners, a private equity real estate firm. Dedicated to keeping his finger on the pulse of the real estate market, Eugene Gorab belongs to such organizations as the Pension Real Estate Association (PREA), a non-profit trade association that serves and educates the institutional real estate investment industry.
As part of its work, PREA regularly shares news regarding the real estate market, such as the 2021 report of the top cities in the United States where apartments are getting bigger. The report was created based on an analysis of RentCafé data on apartment buildings with at least 50 units in 92 cities around the country. In these areas, the square footage of projects under construction at the time were compared to completed projects from 2010 to 2020. According to the reports, over a third of cities that were studied were building bigger properties compared to the previous five years. On average, square footage in apartments rose by 48 square feet. This increase in square footage was seen in one-, two-, and three-bedroom apartments. The report noted that the city with the biggest growth in apartment size was Everett, Washington. In this city, apartment sizes grew by 267 square feet, on average, and had an overall average size of 928 square feet between 2016 and 2020. Kirkland, Washington showed the second-highest increase in apartment size, followed by Scottsdale, Arizona; Midland, Texas; and Fremont, California. This increase in average size is linked to the increase in remote work and, thus, rise in demand for at-home office space. |
AuthorCurrently, Eugene Gorab serves as the President and Chief Executive Officer of Greenfield Partners, LLC, a company he founded in 1997. Archives
May 2022
Categories
All
|