From its humble beginnings in 1997, real estate businessman Eugene Gorab was able to grow his private equity real estate firm Greenfield Partners, LLC into a company responsible for more than $7 billion in investments in real estate and operating companies. In addition to his responsibilities as President and CEO of Greenfield Partners, Eugene Gorab also serves on the board of trustees of Bucknell University.
Stay-at-home orders at the height of the coronavirus pandemic have forced many Americans to work remotely. With work-at-home arrangements slowly becoming a part of the new normal and changing the landscape of the nature of the workforce, Bucknell University researchers are studying the growing trend of telework. With James and Elizabeth Freeman Professor of Management Eddy Ng leading the research team, the study will try to measure the impact of the sudden change to the future of telework, to analyze how American workers can adapt to digital tools and new patterns of work, and to identify areas that require innovation for better remote working. The researchers have provided a survey link where workers around the world who have transitioned to remote working can participate. Te plan is to include workers from the US, Europe, Canada, Singapore, and Australia. Part of the plan is to collect a month’s worth of data through the survey. A website will be established to publicize the progress of the study.
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Greenfield Partners President and CEO Eugene Gorab leverages more than three decades of real estate experience to manage over $7 billion in real estate investments. In addition to his work at Greenfield Partners, Eugene Gorab supports the Pension Real Estate Association (PREA), a nonprofit trade association dedicated to supporting the real estate investment industry.
To support its mission, PREA sponsors membership interaction, education, and research initiatives on institutional real estate investment. This encompasses the organization’s support of the Real Estate Research Institute (RERI). While RERI operated independently for several years, PREA became a sustaining sponsor of RERI in 1991 and has since encouraged support of the institute and its research. Since 1987, RERI has stimulated research in real estate investment market fundamentals and performance. Over the years, the institute has funded more than 150 research papers and helped institutional real estate investors gain access to timely research on topics in the field. The research carried out by RERI predominantly focuses on topics that affect decision-making in real estate investments. At the 2019 RERI Conference, the institute presented papers on topics such as investment strategy, returns for private equity real estate funds, and risk retention. Eugene Gorab is the President and CEO of Greenfield Partners, which has sponsored nine discretionary investment funds and secured capital commitments from private and institutional investors over $4 billion. Eugene Gorab is affiliated with the Urban Land Institute (ULI), a nonprofit research and education organization dedicated to the responsible use of land.
After the COVID-19 pandemic served a huge blow to the US economy, the recent ULI Real Estate Economic Forecast report says that the economy has already hit bottom, but will slowly recover by the second half of the year. While the GDP has dropped by 6 percent and the unemployment rate expected to reach 11.3 percent by the end of the year, the three-year forecast is optimistic that the GDP will rebound by 3.9 percent in 2021 and 3.6 percent in 2022. Both figures are the highest growth levels since before the 2008 recession. The key to the recovery of the US economy rests on the US government’s actions, which can include three phases. The country is currently in the first phase, which involved re-opening of the markets and the gradual lifting of the stay-at-home orders. By the second phase, the economy will proceed to a reset mode where furloughed people go back to their places, which also be marked by growing demand in sales. The third phase will involve the broad recovery, but the entire picture of this broad recovery remains to be seen. |
AuthorCurrently, Eugene Gorab serves as the President and Chief Executive Officer of Greenfield Partners, LLC, a company he founded in 1997. Archives
May 2022
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