Key Staff

Richard J. Bornstein


As 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 over 20 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).

Richard A. Granara

Managing Partner, Development and Construction

Mr. Granara, of KGI Properties, LLC, has over 25 years of experience in the real estate development, construction and facilities management industry. He has been with KGI properties since 2002 managing acquisitions, dispositions, site assessment and due diligence, project entitlements, administration of project risk management and managing construction.

Before his role in KGI Properties, he was a principal in Great Island Development Group, LP, a New England retail real estate development firm. Rick graduated with a Master of Management degree, is a licensed builder, and is recognized by the International Council of Shopping Centers as a Certified Development, Design, and Construction Professional (CDP). He is a member of the International Facilities Management Association, Project Management Institute and International Council of Shopping Centers.

David S. Yetton

Director of Development

At KGI Properties, LLC, Mr. Yetton is responsible for directing the process of project development. Including project due- diligence, plan creation, permitting, and construction.

Prior to joining KGI Properties in 2008, Mr. Yetton worked at Brooks/ Eckerd Pharmacy as the Director of Store Planning and Development for the 2000 store chain. Mr. Yetton worked for Brooks Pharmacy for 17 years where he was responsible for all aspects in the chain wide development process.

Mr. Yetton attended the Community College of Rhode Island as well as Rhode Island College majoring in Business Management and Economics.

Francis X. Dougherty

Director of Development