GMF Group (Led by Matthew Forssman and Gmabe Monfried) Acquires Suncoast in Crystal River, Florida
GMF Group acquired Suncoast in Crystal River, Florida, on March 26, 2024, for a recorded price of $1,935,000. Located at 130 South Suncoast Blvd., Crystal River, FL 34429, the manufactured housing community / mobile home park includes 89 lots. With its proximity to the Gulf of Mexico, Suncoast is charming coastal haven in the heart of Florida’s beautiful Nature Coast.
Residents and visitors will feel instantly at home at Suncoast, a friendly, dynamic community with a welcoming ambiance. Amenities onsite include a clubhouse where friends, neighbors, and family can meet up for parties, potlucks, celebrations, or just a cup of coffee and a chat.
The small town of Crystal River is renowned for its abundant natural beauty and iconic Florida wildlife. One of the area’s most popular attractions is the opportunity to swim with manatees, particularly in the winter months when these gentle sea creatures flock to the warm waters of the Crystal River and Kings Bay. Several tour companies offer guided manatee snorkeling tours, where visitors can observe and interact with these endangered mammals in their natural habitat. Crystal River is the only place in the United States where you can legally swim with manatees, making it a must-visit destination for nature lovers.
In addition to its manatee encounters, Crystal River is also home to a wealth of other outdoor attractions. The Crystal River National Wildlife Refuge offers a peaceful retreat for birdwatching, hiking, and kayaking, while Three Sisters Springs features hiking and bicycling trails as well as boardwalks for viewing migratory birds and manatees. Kayaking, stand-up paddleboarding, and snorkeling are popular activities here, thanks to the remarkably clear, warm spring waters. Meanwhile, Hunter Springs Park contains a sandy beach area perfect for picnicking and swimming. Crystal River is also a haven for boating enthusiasts, with easy access to the Gulf of Mexico and numerous freshwater springs that make for scenic and relaxing days on the water. Not far away, Fort Island Gulf Beach has soft white sands, a fishing pier, and a boat ramp providing direct access to the Gulf.
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, Matt 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.