The founder and president of Greenfield Partners, LLC, Eugene Gorab is a prominent real estate investment professional based in Connecticut. Aside from leading a successful business, Eugene Gorab is a member of the Pension Real Estate Association (PREA), a nonprofit trade association for the global institutional real estate investment industry. Real estate investments are poised to experience growth, according to PREA’s 2019 Investor Intentions Survey, which found that around 50 percent of global institutional investors foresee increasing their allocations to real estate within the next two years. Only just over nine percent of respondents indicated a likely decrease in real estate investments over the same time period. The real estate sector remains attractive to institutional investors who desire to diversify their multi-asset class portfolio and seek reliable income returns. Of all assets held by U.S.-based investors, 33 percent is allocated to real estate investments, with a tendency to invest more in domestic real estate than in properties abroad. More than 140 institutional investors responded to the PREA survey, who together manage assets totaling $817.5 billion.
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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. A graduate of The University of Chicago and Bucknell University, Eugene Gorab leverages more than 20 years of real estate investment experience to lead Greenfield Partners, LLC, as its president and CEO. Dedicated to supporting future students, Eugene Gorab serves as a trustee of Bucknell University. Since 1846, Bucknell University has been providing high-quality graduate and undergraduate programs to students. In fact, the institution was recently recognized as one of the top 30 colleges in the United States for producing the most Fortune 500 CEOs. Kittleman & Associates, an executive search firm, analyzed the resumes of every Fortune 500 CEO in the U.S. to determine where they received their undergraduate degrees. The institutions included in this list feature both public and private university systems that produced anywhere from three to 14 Fortune 500 CEOs. At the top of the list is the University of Wisconsin. The school maintains an enrollment of about 43,800 students and charged over $10,500 in in-state tuition and fees for the 2018-19 school year. Out-of-state tuition for the institution was $36,805. Following the University of Wisconsin was such prestigious universities as Harvard, Cornell, Stanford, and the University of Pennsylvania. Bucknell University, a private institution that maintains a total enrollment of about 3,678 students, came in 12th with a total of five Fortune 500 CEOs. Tuition for Bucknell for the 2018-19 year was $56,092. The president and CEO of Greenfield Partners, LLC, Eugene Gorab has been working in the real estate investment industry for more than three decades. Dedicated to remaining apprised of developments in the field, Eugene Gorab maintains active membership with the Pension Real Estate Association (PREA). Since 1979, PREA has been supporting real estate investors around the world. The organization does this via its interactive forums, sharing of valuable resources, and educational opportunities. In support of its mission, PREA became a sustaining sponsor of the Real Estate Research Institute (RERI) in 1991. A nonprofit organization, RERI supports research on real estate investment and market performance. Since both RERI and PREA have similar missions of disseminating valuable information to real estate investors, a partnership between the two entities was a logical decision. This partnership grants PREA administrative control of the Institute and rewards its members with the information they need to guide their activities within the field. More than 150 research papers have been funded by RERI over the years, thanks to the support of PREA and some of its member firms. These papers have focused on such topics as mispricing, commercial property price indexes, and optimal shopping mall composition. The president and CEO of Greenfield Partners, LLC, Eugene Gorab manages the daily operations of the Connecticut-based private equity real estate firm. Active in the professional community, Eugene Gorab belongs to the Urban Land Institute (ULI). A research and education organization, ULI promotes the open exchange of ideas and information among its nearly 40,000 members. Recently, the organization released two reports focused on agrihood and healthy housing projects. These reports not only show developers how to create an agrihood or healthy housing projects that are financially successful, but also illustrate best practices in creating these projects that promote social sustainability and improve community health. The first report released by ULI was titled Healthy Housing for All: How Affordable Housing Is Leading the Way. This report analyzed six projects developed by ULI members to determine how health can positively impact residents and developers. It focused on four main insights, including the coordination of design, establishment of partnerships, and identification of healthy housing features. Meanwhile, Agrihoods: Cultivating Best Practices, the second report, discussed strategies for creating successful projects that highlighted food production and farms. The report discussed eight best practice areas, such as food, programming, and housing. Further, it included profiles from agrihood projects, along with common agrihood features. |
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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