For more than two decades, Eugene Gorab has served as the CEO and President of Greenfield Partners, LLC, a private equity real estate firm based in Connecticut. Through his company, Eugene Gorab helps clients invest in multiple property types, which helps their portfolios stay flexible and diversified.
Many beginning investors are unaware of the different types of real estate. Here is a brief overview of the three main types of real estate: - Commercial. Properties that hold business operations are deemed commercial real estate. This includes industrial, office, and retail space. Since commercial property leases often last for several years, they can provide investors with stable cash flow. However, successfully investing in commercial properties may be more complex than investing in residential properties. - Residential. Townhomes, single-family homes, multifamily homes, condominiums, and mobile homes are all examples of residential real estate. Each type of property generates returns in a different way. For instance, multifamily homes create income from rentals, while single-family homes increase in value over time. Historically, residential real estate offers the best market growth of the three main types of real estate. - Vacant land. Buying vacant land may be a way of creating equity in a short period. Unfortunately, this requires a great deal of knowledge and skill. Further, land cannot produce rental income for investors unless it is farmland. This often means land investors must develop the property, but land development is a profession that requires a different set of skills.
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A well-known figure in private equity real estate, Eugene Gorab is the founder, President, and CEO of real estate private equity firm Greenfield Partner, LLC, which has investments of more than $7 billion. Additionally, Eugene Gorab is a member of the board of directors of the Appalachia Service Project (ASP).
Launched in 1969, ASP is a Christian ministry that provides home repair and replacement through the spirit of volunteerism in Central Appalachia. In its more than half a century of existence, ASP has touched the lives of nearly 20,000 families through the efforts of over 450,000 volunteers. Open to everyone, the ministry offers powerful experiences for students and adults. ASP aims to eliminate substandard housing and transform the lives of those touched by its ministry. ASP operates in Virginia, West Virginia, North Carolina, Kentucky, and Tennessee. In distressed Hancock County, Virginia, ASP and its partners will be building new homes for 11 families in 2020. The first new home has been given to a retired Vietnam veteran who has been living with his family in a self-built, one-bedroom home with no floor coverings and minimal insulation. The President and CEO of Greenfield Partners, LLC, in Connecticut, Eugene Gorab and his team invest in real estate on behalf of investor partners. Operating across all property types, Eugene Gorab believes in the importance of being a proactive investor, and he promotes such behavior at his firm.
While there are several different approaches to investing, such as short-term investing and conservative investing, there are two main approaches: reactive and proactive. A large number of investors in real estate and other asset classes are reactive. This means they wait until things go wrong before they decide how they should respond. Since they wait to make choices, they forgo certain real estate investment deals based on the current interest rate. They often will not implement different policies or real estate products to protect themselves and their investments. Proactive investors, on the other hand, take initiative in all aspects of investing. Instead of waiting for a problem, they realize that any investment comes with inherent risks, and they implement different strategies to minimize this risk. They learn about the market so they can recognize problems as they are approaching, and they take action early. They make investment decisions based on the way the market has historically performed instead of looking only at its current state. Eugene Gorab is the founder of private equity firm Greenfield Partners, LLC, which is a multibillion-dollar operation. An alumnus and member of the board of trustees of Bucknell University, Eugene Gorab helps guide the school’s strategic direction.
Located in the center of Pennsylvania, Bucknell University boasts three top colleges: Engineering, Arts & Sciences, and the Freeman College of Management. In February 2020, the school announced the hiring of Eileen E. Petula as its new finance and administration vice president effective May 1. She previously held an executive vice president role at Allegheny College in Meadville, Pennsylvania, and has 26 years of administrative and higher education experience. A Certified Public Accountant, Ms. Petula holds an MBA from Villanova University and is a member of the Redevelopment Authority for the City of Meadville. She also sits on the board of incorporators of Meadville Medical Center. She emerged as the top prospect among an impressive pool of candidates after a national search was conducted by Bucknell University officials and the firm of Storbeck/Pimentel & Associates. |
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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