Palm Beach, FL (February 24, 2025) – GMF Group, a vertically-integrated real estate investment firm founded by Gabe Monfried and Matt Forssman, recently acquired three manufactured housing communities in Florida, adding to their current portfolio, which totals approximately 4,000 lots and units. The firm purchased The Village at 6991 Fort King Road in Zephyrhills; Seahorse at 414 North Ridgewood Avenue in Edgewater; and Pine Acres at 10720 54th Ave North in St. Petersburg.
The Village features 54 lots/units and has a range of amenities, such as a clubhouse and community pool. Seahorse offers 46 lots/units and includes an office. Lastly, Pine Acres has 41 lots/units and a laundry facility.
“We are thrilled to expand our portfolio with the addition of these MHCs in Florida,” said Matt Forssman, Co-Founder and Managing Partner of GMF Group. “These communities are situated near other communities that we own and are in exceptional locations that offer proximity to local attractions, landmarks, and recreational opportunities.”
“We’re focused on enhancing the value of these assets while improving the living experience for the residents who call them home,” added Gabe Monfried, Co-Founder and Managing Partner of GMF Group. “We have invested nearly $30 million into upgrading our existing MHC portfolio, and we remain committed to delivering further improvements that benefit our residents and the communities.”
Headquartered in Palm Beach, Florida, GMF Group ranks among the top 50 owner-operators of manufactured housing communities in the United States. The firm’s success stems from its ability to integrate institutional expertise with entrepreneurial agility, enabling it to adapt to market dynamics and deliver innovative solutions within the MHC sector.
For more information about GMF Group, visit www.gmfgroup.com.
About GMF Group
GMF Group is a vertically-integrated real estate investment firm headquartered in Palm Beach, Florida. Founded by Gabe Monfried and Matt Forssman, GMF takes an opportunistic approach to identifying and capitalizing on opportunities within undercapitalized asset classes, with a strategic emphasis on manufactured housing communities (MHCs). As a top 50 U.S. owner-operator of MHCs, GMF is invested in and manages thousands of lots and units across a
growing portfolio. The firm combines institutional expertise with a dynamic, agile approach to align with the interests of investors, employees, and the communities in which it invests to deliver value-driven outcomes.
For more information, please visit www.gmfgroup.com.
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