Eugene Gorab
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PREA Foundation Works with Sponsors for Educational Opportunity

Before founding a real estate private equity firm, Eugene Gorab served as the managing director of Starwood Capital Group, LLC. Now the president and CEO of Greenfield Partners, LLC, Eugene Gorab also works with the Pension Real Estate Association (PREA). Established in 1979, PREA exists as a non-profit trade association and sponsors objective forums that discuss education, research initiatives, the exchange of information, as well as interaction among its more than 700 corporate member firms. Moreover, it serves and educates the global institutional real estate investment community about real estate investments. PREA created its foundation to promote the association’s interests and values through diversity and inclusion. To continue this mission, PREA Foundation formed ties with Sponsors for Educational Opportunity (SEO), a provider of educational and career programs that maximize college opportunities and career options for students from underserved areas and underrepresented backgrounds. Currently, PREA Foundation’s support to SEO paved the way to the launch of the first-ever SEO Real Estate Track. The program presents specific real estate training content and hosts real estate-related clinics and events, attracting students, real estate groups, and institutional investors.
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Four Ways to Reduce Real Estate Investment Risk

For more than two decades, Eugene Gorab has been serving Greenfield Partners as the firm’s president and CEO. Under the leadership of Eugene Gorab, Greenfield Partners maintains a unique investment style that includes risk reduction. Here are a few ways to minimize real estate investment risk: - Make a high down payment. Much of the current talk about real estate investing involves no down payments or low down payments. While this may make investing easier, low down payment financing comes with a greater level of risk. Low down payments give investors less wiggle room to accommodate high vacancies, dropping rent prices, and other cash-flow issues. - Know your limits. Understanding your financial limits lets investors know how high to bid for a property and makes unexpected costs of owning the property easier to handle. - Create a strong marketing plan. One of the biggest risks facing property owners is a high vacancy rate. Good marketing is one of the best ways to reduce vacancies and keep tenants moving in. - Look for profitable neighborhoods. Find an area that is poised for future growth. In recent years, home buyers and renters have preferred living close to city centers. Since many of these neighborhoods are older, investors can usually get a good deal on properties in neighborhoods that are about to become desirable.
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The Impact of the Engineering Success Alliance at Bucknell University

Eugene Gorab serves as the president and CEO of Greenfield Partners, LLC, in Westport, Connecticut. Before becoming involved with private equity real estate, Eugene Gorab studied chemical engineering at Bucknell University, of which he is now a trustee. To promote the success of underrepresented students at its College of Engineering, Bucknell University created the Engineering Success Alliance (ESA). This organization works to retain the women, first-generation college students, and people of color that the school enrolls. While the school had historically enrolled many such students, retention was a problem, and the students who did graduate sometimes felt like they were scraping by in the program. Bucknell University maintains a commitment to giving students all the tools they need to thrive and thereby effectively diversifying the engineering field. ESA connects with incoming students from underrepresented backgrounds and helps them foster a sense of belonging while providing guidance in how to balance studying with personal and social needs and responsibilities.
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The Advantages of Like-Kind Exchange in Real Estate

Eugene Gorab founded the private equity firm Greenfield Partners, LLC, in 1997. Eugene Gorab continues to serve as chief executive officer of the company, which manages a real estate and asset portfolio of over $7 billion and advises clients on property investments. By taking advantage of IRS tax code section 1031, real estate investors can avoid paying taxes on any profit made from the sale of a property. In order to qualify for section 1031, the investor must move the profits to a qualified intermediary, then locate a “like-kind” property within 45 days of the sale. The profits must be used toward the purchase of the like-kind property. When the profit earned from a previous property sale is rolled into the purchase of a like-kind property, investors can defer up to 37 percent in capital gains taxes until the most recently acquired property is put up for sale. The defining criteria of like-kind properties are flexible and appealing for real estate investors, who can apply section 1031 to the purchase and sale of both commercial buildings and residential investment properties.
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