May 31, 2006
Profile of the Week: Belfonti's Value Added Approach Builds Success
Michael Belfonti is the president and CEO of Belfonti Associates, LLC, which has successfully completed billions of dollars worth of real estate development and investment transactions and has owned and managed millions of square feet of real estate since its founding in 1980.
The company has invested in and developed a wide variety of assets including residential apartment complexes, office buildings, industrial parks, manufacturing concerns, and service-oriented companies.
Belfonti also serves as chairman of the board for Belfonti Capital Partners, LLC, a venture capital firm focused on acquiring real estate development and investment opportunities throughout the United States and internationally.
He is also co-chairman of the board for Belfonti Properties, a leader in the property management industry that manages millions of square feet of real estate, including residential apartment complexes, office buildings, retail centers, and industrial parks. Belfonti Properties has managed assets in over 14 states and internationally, and its portfolio is currently valued at nearly half a billion dollars.
Belfonti Associates, LLC actively and aggressively pursues opportunities domestically and internationally. Michael Belfonti has always believed in acquiring real estate on the basis of its profit-making potential, and it is precisely this philosophy that has enabled Belfonti Associates, LLC to successfully own and manage millions of square feet of real estate over the years.
From its modest beginnings, Belfonti Associates, LLC has grown to become a solid and highly esteemed company, successfully completing billions of dollars' worth of transactions.
Belfonti Associates, LLC takes pride in its ability to locate and acquire economically sound, high-yield investment and development properties. Many of these projects involve prior foreclosure proceedings or undervalued and/or poorly managed assets.
Typically, Belfonti Associates, LLC seeks situations where it can apply its entrepreneurial expertise and value added approach.
The company relies upon an expert staff of professionals to research new markets and opportunities. Strong cash balances and access to both conventional sources of financing and alternative credit sources allow Belfonti Associates, LLC to move quickly and decisively in acquiring and developing assets nationwide.
Michael Belfonti received his Masters of Science in Real Estate from New York University and is a graduate of Harvard School of Business’ "Owners and Presidents Management Program," an intensive three-year course of studies for business executives. He completed his undergraduate work at Boston University, earning a Bachelor of Science degree.
Belfonti believes that education is a life-long process, not only for himself but also for his employees, which is one of the foundations of his companies' success.
Belfonti is also deeply involved in philanthropic efforts. He has created endowment funds in the names of family members at two Catholic high schools, Notre Dame High School in West Haven, CT and Sacred Heart Academy in Hamden, CT, and he continues to contribute to both funds. He also supports Cheshire Academy, a non-profit college-preparatory school located in Cheshire, CT, having served on the Board of Trustees and as its Chairman of the Development Committee. He is presently serving on Cheshire Academy's Board of Overseers.
Belfonti has also served on the board of directors for Junior Achievement of Connecticut and on the board of directors for Kids for Kids, Dancing for Life, Inc., a non-profit group that raises funds for children's charities.
He is a member of the Urban Land Institute, the Harvard Business School Club of CT, and the Brazilian-American Chamber of Commerce, Inc., and he is a former member of the Economic Club of New York. Belfonti presently holds memberships at the Penn Club of New York, and Woodbridge Country Club.
A highly sought-after public speaker, Belfonti has also been widely published in industry journals that value his expertise on overall economic issues and market specific analysis.
Belfonti Companies, LLC Real Estate Development and Investment, with a central office located in Hamden, Connecticut, actively and aggressively pursues opportunities throughout the United States and internationally.