Real Estate

Team

Richard J. Bornstein

President

richard_bornsteinAs President and Chief Executive Officer, Mr. Bornstein is responsible for setting the company’s investment goals and objectives and overseeing the development and implementation of the strategies to meet these goals. He has directed the firm’s expansion efforts throughout the New England market and has continued to improve the Koffler Group’s reputation and stature as a leader in the real estate industry. Prior to the Koffler Group, Mr. Bornstein was an Executive Vice President at American Tourister Luggage. Upon the sale of American Tourister in 1978, he and other family members, with proceeds from the sale, formed the Koffler Company. Mr. Bornstein began his career at the company in the Real Estate Division, responsible for overseeing real estate operations, including acquisitions, development, and management. In 1996, Mr. Bornstein was promoted to President and Chief Executive Officer of the company.

Anthony J. DeLuca

Chief Operating Officer

As the Chief Operating Officer of The Koffler Group, Mr. DeLuca is responsible for establishing the Company’s strategic priorities and overseeing its management and operations. This includes identifying development projects, analyzing acquisition opportunities, managing the existing real estate portfolio, and directing the investment of the Company’s equity portfolio. He is also responsible for the Company’s financial reporting, investment analysis, budgeting and forecasting, treasury function, and tax planning.

Prior to joining Koffler in 1995, Mr. DeLuca spent nine years as a member of the Real Estate Specialty Services Group with the international accounting firm Arthur Andersen, LLP. While at Arthur Andersen, he provided extensive consulting and tax planning for his real estate development and construction clients. Mr. DeLuca’s experiences include consulting and planning work related to the structuring of real estate developments and acquisitions, analyzing debt financing options, negotiating real estate partnership arrangements, evaluating property sale opportunities, and formulating workout strategies for troubled properties.

Mr. DeLuca is a graduate of Fairfield University, and Suffolk University and Boston University Law Schools. He is a Certified Public Accountant, a member of the Massachusetts and American Bar Associations, and holds an L.L.M. degree in Taxation.

Kimberly A. Simmons

Chief Financial Officer

Ms. Simmons, The Koffler Group’s CFO, has twelve years of experience in the real estate industry. She has been with the company since 1996 overseeing the accounting, cash management, and tax functions within the organization. She is a Certified Public Accountant and prior to her affiliation with Koffler was employed by Arthur Anderson LLP in Boston as a member of the Financial Markets Team. Ms. Simmons is a graduate of Bentley College (BS Accounting) and Providence College Graduate School (MBA).

C. Scott Chernick

Director of Residential Operations

s.chernick@kgiproperties.com

Mr. Chernick possesses over three decades of residential property management experience.

His career with the Koffler Group, a full service real estate owner/developer/manager based in Providence, Rhode Island began as a Residential Property Manager for Pillar Property Management, a subsidiary he founded in 1993.  He successfully supervised and managed approximately 800 residential units throughout Rhode Island.

Mr. Chernick is a Real Estate Broker and certified as an Accredited Residential Manager (ARM) with the Institute of Real Estate Management, a Residential Apartment Manager (RAM) through the Board of Governors of the National Association of Home Builders and is a member of the Institute of Real Estate Management (IREM).  He is also a graduate of the University of Hartford (BA).

Mr. Chernick is currently responsible for overseeing the management of all the residential properties within the organization.