Koffler Group Investments

Koffler Group Investments

Sol Koffler established American Tourister in 1932 after arriving in the United States in 1920. The family sold the luggage company in 1978 and formed the Koffler Group as a single-family office in Providence. Richard J. Bornstein, son-in-law of Sol Koffler, led expansion from the mid-1990s until his death in 2023. The office concentrates on real estate development and property management. Its portfolio includes retail centers such as Salt Pond Shopping Center in Narragansett, Apple Valley Mall in Smithfield, and Walpole Mall in Massachusetts, plus mixed-use projects including The Landing in Providence and Gateway Commons in East Lyme, Connecticut. Investments extend to direct co-investments, private credit, and limited fund commitments. Geographic reach centers on Rhode Island, Massachusetts, New Hampshire, Connecticut and Maine. No public figure for assets under management exists. The team lists three C-suite officers in Providence. Adjacent structures include the Koffler-Bornstein Family Foundation and The Sol Koffler Family Foundation, which direct grants to Brown University, Bryant University, Miriam Hospital and Dana Farber Cancer Institute. Richard Bornstein’s passing in 2023 marked the most recent leadership transition. Ownership remains within the Koffler-Bornstein line across three generations. Decision rights sit with family principals rather than external managers, and real estate execution occurs through the affiliated KGI Properties entity. This integrated ownership and operating model distinguishes the office from pure investment vehicles that outsource property management.