GMF Group acquired 98 Estates in Brooksville, Florida, on February 27, 2022, for a recorded price of $615,000. Located at 925 Ponce De Leon Boulevard, Brooksville, FL 34601, the manufactured housing community includes 52 lots and one site-built unit, for a total of 53 lots and units. 98 Estates sits on the northern side of Brooksville in Florida’s west central coast region. Residents have easy access to Tampa via US-98 and I-75, the major north-south interstate which runs the length of Florida and links the Southeast U.S. with the upper Midwest.
98 Estates is a quiet, family community with a welcoming, laid-back atmosphere where residents quickly feel at home. The community is just a few minutes’ drive from historic downtown Brooksville, a classic small town main street with local shops, salons, museums, and restaurants serving a variety of cuisines. Several grand 19th-century homes are also located nearby. Farmers’ markets, live concerts, Christmas holiday events, and kid-friendly outdoor movie nights bring residents and visitors together in this quaint downtown throughout the year.
Brooksville is also blessed with several nearby attractions, like Weeki Wachee Springs, a state park and iconic Florida landmark listed on the U.S. National Register of Historic Places. Weeki Wachee is home to crystal-clear spring waters and the world-famous mermaids, who have been performing mesmerizing underwater shows for 60 years. In addition, the park offers kayaking, paddle boarding, multiple dining options, and swimming in Buccaneer Bay.
Also nearby is Southern Hills Plantation Club, a private 18-hole golf club with an expertly landscaped course designed by Pete Dye. Nature lovers and outdoor sports enthusiasts will enjoy visiting Withlacoochee State Forest, with its miles of hiking, bicycling, and horseback riding trails through dense woodlands and along meandering waterways. Canoeing, kayaking, fishing, wildlife viewing, and seasonal hunting are popular activities here as well.
About GMF Group
GMF Group is characterized by its innovative approach to real estate investing, with the firm specializing in undercapitalized real estate markets and asset classes.
Based in Palm Beach, Florida, Gabe Monfried serves as Managing Partner of GMF Group and, he started his career at working for Goldman Sachs in New York. During his tenure with the company’s Global Natural Resources investment banking group, Mr. Monfried worked on mergers and acquisitions, initial public offerings and follow-on offerings, debt financings, and other transactions, including M&A and financing work for Dynegy’s acquisition of Engie US in a deal worth a reported $3.3 billion.
Also based in Palm Beach, Florida, Matthew Forssman is a driven real estate professional with experience in multiple areas of the industry. Also serving as GMF Group’s Managing Partner, Matthew Forssman is a Harvard College economics graduate who has built a career in finance with a focus on finance and real estate. Mr. Forssman started his career in the Real Estate Gaming & Lodging investment banking group at Bank of America Merrill Lynch in New York. Mr. Forssman also worked for CIM Group in Los Angeles and BentallGreenOak in Los Angeles, where he helped oversee $40 billion in real estate assets under management.
