Koffler Group
The Koffler Group is a Providence-based third-generation family office operating through KGI Properties, a real estate division that acquires, develops, manages, and leases a roughly $300M portfolio of commercial, retail, office, industrial, and multifamily assets across the Northeastern United States.
- Company typePrivate
- Founded1978
- HeadquartersProvidence, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Koffler Group does
The Koffler Group is a third-generation single-family office headquartered at 10 Memorial Boulevard, Suite 901 in Providence, Rhode Island, formed in 1978 following the sale of American Tourister Luggage Company. The firm traces its origins to Sol Koffler, who founded American Tourister during the Depression in 1932 and grew it into one of the most recognized consumer luggage brands in the United States; the Koffler patriarch is enshrined in the Rhode Island Heritage Hall of Fame. Today the group's operating activity is concentrated in commercial and multifamily real estate development and management across the Northeastern United States.
The operating subsidiary, KGI Properties, LLC, provides a vertically integrated set of real estate services — acquisition, property and asset management, construction and development, and commercial leasing — for a directly-held portfolio of approximately $300 million spanning commercial, retail, office, industrial, and multi-family residential assets in Connecticut, Rhode Island, Massachusetts, New Hampshire, Vermont, Maine, and North Carolina. Combined with joint-venture partners, the family has been involved in over $750 million of real estate assets. The firm is led by CIO and principal Terri S. Chernick (Harvard Business School, ex-Bain, ex-Amgen), COO Anthony J. DeLuca (CPA, L.L.M. Taxation, ex-Arthur Andersen real estate practice, with the firm since 1995), and CFO Kimberly A. Simmons (CPA, ex-Arthur Andersen, with the firm since 1996).
The business model is that of a private family-office real estate operator: revenue is generated through ownership and operation of investment real estate rather than through fee-based external asset management. Pricing and deal terms are negotiated bilaterally with tenants, joint-venture partners, and sellers, and no public pricing, headcount growth, or fundraising signals are disclosed. The firm received Family Office of the Year from Institutional Investor in 2010 and Best CIO within a Single Family Office from Family Office Review in 2012; its philanthropic arm is the Koffler-Bornstein Family Foundation.
Koffler Group firmographics
Firmographics- Name
- Koffler Group
- Legal name
- KGI Properties, LLC
- Website
- https://thekofflergroup.com
- Company type
- Private
- Founded year
- 1978
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- The Koffler Group is a Providence-based third-generation family office operating through KGI Properties, a real estate division that acquires, develops, manages, and leases a roughly $300M portfolio of commercial, retail, office, industrial, and multifamily assets across the Northeastern United States.
- Ownership category
- akta.pro rank
Koffler Group industry classification
Industry- Product category
- Commercial Real Estate
- NAICS
- Real Estate Property Managers (53131)
- SIC
- Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Real Estate Management for Family Offices (Acquisition, Development, Property Ops) (FSAAADAI)
- akta.pro secondary industry
- Property Management Advisory & Leasing Administration (FSAEAJAN)
Keywords
Where Koffler Group is headquartered
LocationHeadquarters
- HQ city
- Providence
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Koffler Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Distribution channels1 record
Marketing channels1 record
Koffler Group product offering
Product offeringCore offering
Koffler Group, through its real estate division KGI Properties, acquires, develops, owns, and manages commercial, retail, office, industrial, and multi-family residential real estate in the Northeastern United States. The firm provides property and asset management, construction and development, and commercial leasing services, operating a $300 million portfolio and, with partners, over $750 million in real estate assets.
Product overview
The Koffler Group is a third-generation family office that operates as a single unified business focused on commercial and multifamily residential real estate development and commercial retail property management. Its primary offering is KGI Properties, the real estate division that handles acquisition, property and asset management, construction and development, and commercial leasing. The company manages a $300 million portfolio of commercial, retail, office, industrial and multi-family residential properties across the Northeast.
Differentiator
Problem solved
Functional benefit
Products and services
- KGI Properties Real Estate Services KGI Properties is the real estate division of The Koffler Group, providing acquisition, property and asset management, construction and development, and commercial leasing for commercial, retail, office, industrial, and multi-family residential properties across the Northeastern United States (CT, RI, MA, NH, VT, ME, NC). The division manages a $300 million portfolio directly and, with partners, has been involved in over $750 million of real estate assets on behalf of the family.
Companies that use Koffler Group
Customer profileSegments2 records
Ideal customer profiles1 record
Koffler Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Koffler Group partnerships and signals
Strategic signalScale indicators3 records
Recent moves9 records
Expansion highlights3 records
Koffler Group competitors and assessment
Company assessmentDirect peers
- Related Companies: Founded and controlled by the Ross family as a family-affiliated real estate developer, Related operates a large mixed-use, residential, office and retail portfolio across the US. Comparable to Koffler Group as a family-driven, multi-sector real estate platform with acquisition, development, and management capabilities.
- WinnCompanies: Boston-based real estate development and management company specializing in multifamily and mixed-use properties across the Northeast US. Comparable to KGI Properties' strong Northeast footprint and multifamily management orientation.
- Bozzuto Group: Family-influenced real estate firm with significant multifamily, mixed-use and commercial operations concentrated in the Northeast and Mid-Atlantic. Comparable to Koffler Group's vertically integrated Northeast real estate platform.
- The LeFrak Organization: Family-owned real estate company headquartered in NYC with a large, vertically integrated residential, office, retail and hospitality portfolio across the Northeast US. Highly comparable to Koffler Group's family-office-driven, vertically integrated Northeast real estate model.
- The Durst Organization: Family-owned real estate developer and manager headquartered in NYC with a portfolio focused on commercial office, residential, and retail properties. Closely comparable to Koffler Group as a multi-generational, family-controlled Northeast real estate operator.
- Sterling Equities: Family-affiliated real estate investment and management firm with a diversified commercial and residential portfolio on the East Coast. Comparable to Koffler Group's family-office structure with a focus on East Coast real estate acquisition and management.
- National Realty Advisors: Real estate investment and management firm serving family offices and institutional clients with multifamily, office, and retail assets. Comparable to KGI Properties' family-office-style real estate acquisition, development, and asset management services.
Regional players
- The Grossman Companies: New England-focused real estate developer and manager with commercial, residential, and mixed-use assets. Comparable to Koffler Group as a regionally anchored Northeast US real estate operator with similar property-type mix.
Broad incumbents
- RXR Realty: Large-scale New York tri-state real estate owner, operator, and developer with diversified office, residential, and mixed-use assets. Comparable to Koffler Group's Northeast commercial and multifamily focus, though operating at significantly larger scale with institutional capital partners.
- Greystar Real Estate Partners: Global leader in multifamily rental housing investment, development, and management with significant Northeast US presence. Comparable to Koffler Group's multifamily and mixed-use activities, though Greystar operates at far greater scale and with institutional capital.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Koffler Group social profiles
Digital presenceKoffler Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Koffler Group leadership team
Management profileNumber of profiles
Profiles3 records
Koffler Group subsidiaries and ownership
Company hierarchySubsidiaries1 record
Koffler Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Koffler Group M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Koffler Group
What does Koffler Group do?
Koffler Group, through its real estate division KGI Properties, acquires, develops, owns, and manages commercial, retail, office, industrial, and multi-family residential real estate in the Northeastern United States. The firm provides property and asset management, construction and development, and commercial leasing services, operating a $300 million portfolio and, with partners, over $750 million in real estate assets.
Is Koffler Group a public or private company?
Koffler Group is a private company. It is classified as family owned and is currently operating.
When was Koffler Group founded?
Koffler Group was founded in 1978. It employs 1 to 10 people.
Where is Koffler Group based?
Koffler Group is headquartered in Providence, United States, in the North America region.
Who are Koffler Group's main competitors?
Direct peers on record are Related Companies, WinnCompanies, Bozzuto Group, The LeFrak Organization, The Durst Organization, Sterling Equities and National Realty Advisors. The Grossman Companies is listed as a regional player. Broad incumbents are RXR Realty and Greystar Real Estate Partners.
Does Koffler Group have an API?
No public API is recorded for Koffler Group.
What industry is Koffler Group in?
Koffler Group's product category is Commercial Real Estate. Its primary akta.pro industry code is FSAAADAI, Real Estate Management for Family Offices (Acquisition, Development, Property Ops), with a secondary code of FSAEAJAN, Property Management Advisory & Leasing Administration. Its NAICS code is 53131 and its SIC code is 6532.