Michael Belfonti is the Founder and CEO of the Belfonti Companies, a group that includes a real estate development and investment company, a property management company, and a number of real estate holding companies that own properties throughout the United States and abroad. He remains in charge of the strategic planning, short-term goals and long-term objectives for all of the companies he founded.
Mr. Belfonti actively and aggressively pursues real estate opportunities throughout the United States and internationally. His groupís success lies in its value added approach to real estate and in its ability to source new deals and to create value. The Belfonti groupís track record attests to its ability to maximize profitability for itself and its investors. Over the past three decades, the group has owned and managed over one billion dollars of real estate assets. The current portfolio includes 3,000 residential apartment units and over 1 million square feet of other asset classes, including commercial and industrial properties. The Belfonti Companies currently have several residential and commercial development projects under construction and are also taking a number of other development sites through the entitlement process.
Mr. Belfonti received his Masters of Science in Real Estate from New York University. He is also a graduate of Harvard School of Business' "Owners & 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. Mr. 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 companiesí success.
In addition to running his real estate business, Mr. Belfonti is also deeply involved in philanthropic efforts. He created two endowment funds at local private high schools (Notre Dame High School in West Haven, CT and Sacred Heart Academy in Hamden, CT) which provide financial assistance to students who would not otherwise be able to attend. Mr. Belfonti also supports Cheshire Academy, a non-profit college-preparatory school located in Cheshire, CT, having served on the Board of Trustees and as Chairman of the Development Committee. He is presently serving on Cheshire Academy's Board of Overseers. In the past he has also served on the Board of Directors for several worthy groups, including Junior Achievement of Connecticut, and Kids for Kids: Dancing for Life, Inc. (a non-profit group that raises funds for children's charities).
Constance BelfontiIN MEMORIAM
1933 Ė 2013
Real Estate Investor and Developer
Constance E. Belfonti worked alongside her son in their real estate business until her passing in 2013.
Connie was a strong and independent woman who loved her family deeply. She always encouraged people to follow their dreams and was a source of moral support and inspiration for many. She held strong convictions and was never afraid to speak out with good advice and counsel. Her home and her heart were always open to those she loved, and she will be truly missed.
Born on August 12, 1933, she was the daughter of the late Lt. Michael P. Esposito (NHFD) and Sophia Sagnella Esposito. Connie worked over the course of 40 years in banking. She started as a teller, was promoted to branch manager, and then became a loan originator. She worked for several banks, including Tradesman's Bank in New Haven, Orange National Bank in Orange, CBT in Hartford, and Bank of New England/Fleet Bank. She was named as the "Number One Mortgage Producer" in the state of Connecticut several times by CBT and Fleet. In 1990, together with her husband Richard and her son Michael, she founded MCR Property Management, Inc.
Connie and her son Michael also began scholarship funds at two local Catholic High Schools (Notre Dame in West Haven and Sacred Heart in Hamden) in honor of Connie's husband Richard and her sister Lucille. The funds from these scholarships provide educational stipends each year to worthy students who might not otherwise be able to attend these two private schools. She also regularly contributed to various charities, including the Benedictine Order, the American Cancer Society, and the American Diabetes Association. She was always a good example for young people, having served as the Parliamentarian of the West Haven Junior Women's Club and as a Cub Scout leader for the West Haven chapter in the 1960s.
Connie, you will never be forgotten!
1932 Ė 2007
Co-Chairman of the Board
Until his passing in 2007, Richard Belfonti served as Co-Chairman of the Board for the Belfonti Companies. He was instrumental in creating and implementing long-term strategies and overseeing strategic goals and objectives for the various Belfonti Companies. Richard was also involved in the day-to-day management of the assets in the CT portfolio. He had been with the Belfonti Companies since 1990.
Prior to joining the Belfonti Companies, Richard taught in both the New Haven and North Branford public school systems. He also served as a school principal, first at the Stanley T. Williams School in North Branford and then later at the Jerome Harrison School in North Branford. The teachers who were fortunate enough to work under his leadership all remember him as a man who invested all of his energy and love into each and every staff member and student.
Richard attended grammar school at Saint Anthonyís in New Haven, CT, where he also served for several years as an altar boy. He was a member of the very first graduating class (the class of 1950) at Notre Dame High School in West Haven. After high school, he earned a Bachelorís Degree at Southern Connecticut State University and then went on to the University of Connecticut, where he earned a Masterís Degree and 6th Year in Administration.
Richard was known by his many friends and colleagues as a dedicated and caring man, one always ready with a warm smile, a friendly joke, and a listening ear. Richard was a member of the Marchegian Society, the Lions Club, and the New Haven County Retired Teachers Association. Throughout the years he also remained a faithful supporter of Notre Dame High School, his alma mater, creating a scholarship there (the Richard Belfonti Endowment Fund) designed to help deserving young students further their education.
Thank you for your many gifts, Richard. Your unique humor and love for life will remain with us forever.Veteran Area Educator a Father Figure to Many (New Haven Register, October 2007)
Donate to the Richard Belfonti Endowment Fund at Notre Dame High School
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.