A Connecticut-based private equity executive, Eugene Gorab guides Greenfield Partners, LLC, and provides investment solutions in the real estate sphere. Eugene Gorab takes pride in enabling investment partners to safeguard their interests within evolving financial and market situations. As a macro trend, the private equity sphere is undergoing a transformation as the asset class broadens and gains flexibility. Spanning traditional private equity, infrastructure, real estate, natural resources, and private debt, the versatile private equity capital segment now represents $5 trillion in assets under management and has grown at a pace of at least 8 percent annually over the past decade. Private equity capital’s growth as an asset class has important ramifications, including providing liquidity and increased valuations through the power of capital pools. It also makes going public less attractive, considering the expenses and regulatory burdens associated with maintaining a public corporation. A result is that a growing number of businesses are staying private longer or going private, with private equity capital providing accessible and substantial financial resources.
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A longtime Connecticut private equity executive, Eugene Gorab has guided results-focused transactions in the real estate sector. Eugene Gorab presently leads a Westport, Connecticut-based firm with more than 50 employees and regional offices in New York, Chicago, and Arlington, Virginia. According to Crain’s Chicago Business, the Windy City has experienced impressive growth in a number of South Side neighborhoods through mid-2018. With distressed property rehabilitation proceeding apace, Grand Boulevard in Bronzeville is experiencing particularly robust growth, as a number of new condo projects come online. The median price of attached homes rose nearly 30 percent in the year’s first quarter to just shy of a still affordable $200,000. At the same time, the Calumet Heights neighborhood at Jeffery Boulevard and 90th Street is witnessing extensive rehabilitation activities, with rehabs making up a full 25 percent of recent sales. On the far North Side, neighborhoods such as West Ridge are also heating up as buyers seek quality properties in the $500,000 range. One result of this upsurge is that some buyers are being priced out of what was until recently a relatively affordable market. Eugene Gorab is a private equity executive focused on nationwide real estate opportunities that capitalize on funds from private and institutional investors. Eugene Gorab maintains a strong community commitment and has served as the director of Appalachia Service Project (ASP). Established half a century ago, the Tennessee-based Christian organization relies on volunteers and provides a remedy to substandard housing in Appalachian rural regions. A recent recovery effort in which ASP has contributed involves rebuilding homes a across southern West Virginia, where flooding took a major toll in the summer of 2016. The National Guard has guided efforts that focus on more than 400 cases spanning homes requiring rehabilitation and mobile homes in need of reconstruction and replacement. As one of the primary sub-grantees in this initiative, ASP has assumed responsibility for the rehabilitation of nearly 160 flood-damaged residences. The project buildings on previous RISE West Virginia initiatives were supported by a $150 million HUD grant. As described by a state official, the state is likely to reallocate grant funds that have not been used up to the present for ASP’s efforts. Eugene Gorab has overseen the operations of Greenfield Partners, LLC, for more than two decades. Apart from this, Eugene Gorab is involved in various real estate organizations, including The Real Estate Roundtable. The Real Estate Roundtable gathers industry leaders from publicly held and privately owned real estate firms and links them with top national real estate trade associations to address the national policy issues that affect not only the real estate industry, but also the economy as a whole. The trade association partners with over a million real estate-related individuals and groups, including the Association of Foreign Investors in Real Estate (AFIRE). AFIRE advocates for international real estate investment by providing an exclusive platform that allows communication between principals and senior executives through global meetings conducted in key cities all over the world. As a not-for-profit association, AFIRE ensures foreign investors become as informed as domestic ones by granting access to legislation and tax regulation updates, publications, global real estate resources, and industry innovations. |
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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