Jan. 30, 1947 - Sept. 11, 2012
Rosemary Loffredo, of Buffalo, a real estate broker, died Sept. 11 in Millard Fillmore Suburban Hospital, Amherst, after an 11-year battle with cancer. She was 65.
Ms. Loffredo was a real estate investor in New York, Texas and Florida, and she was a longtime business partner of Ronald Smith, a licensed contractor.
Among her recent projects was the conversion of an apartment tower at 849 Delaware Ave. into executive condominium units.
She was a director of Executive Star Limited Corp. and served on condominium boards in Buffalo, Amherst and New York City. She lectured locally on real estate investment and served as an officer in several professional real estate organizations.
Ms. Loffredo began investing in property in 1981, starting with a four-unit building in Buffalo that she acquired with her first partner by putting up $950, her half of the down payment. In the next few years, she acquired three more buildings with partners, giving her a total of 13 units.
In 1983, Ms. Loffredo and Smith became partners and began buying investment property together. Seven years later, they owned more than 100 residential and commercial units and held mortgages on another 138 units.
Born in Buffalo, she was a graduate of Rosary Hill College, and she earned a master's degree in education and a master of business administration degree from the University at Buffalo. She was a teacher in the Buffalo Public Schools for 17 years.
An active art patron, she was a member of Albright-Knox Art Gallery, the Metropolitan Museum of Art in New York City and the Norton Art Gallery in West Palm Beach, Fla.
She also was a member of the St. Catharines Business Club and the Buffalo Investors Group.
A thoroughbred racing enthusiast, she owned horses that successfully competed at Fort Erie, Saratoga, Belmont and Woodbine.
Surviving are her husband, Richard Elsner, and her mother, Rose.