With a career spanning over 35 years, Eugene Gorab is the founder, president, and CEO of Greenfield Partners, LLC. To better inform his business decisions as the leader of the company, Eugene Gorab monitors trends and developments in the real estate industry.
A recent FOX Business article shed light on an emerging real estate trend: co-living. Co-living housing allows a renter to lease a private room and share the rest of the space, including the kitchen, bathroom, and living room, with other renters. Utilities and house cleaning services usually come with the rental cost and the building amenities, such as the pool, rooftop, or gym, are accessible to all tenants. Besides affordability, the sense of community in a co-living house is another reason why the trend is catching up fast among renters. According to an online rental platform, Zumper, the rising rent cost is driving renters either out of the city or to cohabitate with roommates, partners, or parents. With 66 percent of renters now renting in co-living residences, industry trend reports have forecasted the number of available units to increase significantly in the years to come. In the Bay Area, several real estate developers are already working on transforming unused office buildings and hotels into co-living communities.
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The former managing director of Starwood Capital Group, Eugene Gorab founded Greenfield Partners, LLC, in 1997 and has successfully grown the company into one of the leading real estate private equity firms in the United States. Eugene Gorab is a member of several industry organizations, such as the Pension Real Estate Association (PREA).
Established in 1979, PREA aims to serve its global members, which are comprised of more than 700 real estate firms, by providing a platform to promote research, education, and opportunities for member interaction. Guided by its mission, PREA hosts several events throughout the year, including the recently concluded Annual Institutional Investor Conference held October 16-19 at the Grand Hyatt in Washington. Currently in its 29th year, the Annual Institutional Investor Conference reflected on the last 40 years of real estate investing and discussed the strategies that existing institutions, as well as new firms, must undertake to cope up with the ever-evolving real estate landscape. The conference featured sessions that tackled the changes in demographics, urban development, and the role of technology in real estate asset management. Several keynote speakers, including Rt. Hon. Gordon Brown, the former Prime Minister of the United Kingdom, were invited to share best practices and insight. |
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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