GMF Group (Led by Matthew Forssman and Gabriel Monfried) Acquires Auburndale Estates in Auburndale, Florida
GMF Group acquired Auburndale Estates in Auburndale, Florida, on August 8, 2023, for a recorded price of $3,720,000. Located at 5065 Saddle Creek Road, Auburndale, FL 33823, the manufactured housing community / mobile home park has 124 lots. Auburndale Estates is a well-maintained, friendly community with excellent access to shopping, restaurants, fishing, boating, nature preserves, and Central Florida’s famous theme parks.
At Auburndale Estates, residents have everything they need right at their fingertips. Grocery stores, shopping centers, hardware stores, auto shops, salons, and more are all a few minutes’ drive away. Also nearby are restaurants serving everything from barbecue to diner classics to sushi, Italian, and Mexican cuisine. International Market World is another local attraction. This sprawling flea market hosts more than 1,000 vendors selling unique treasures, delicious eats, and farm-fresh produce. Free circus shows, a live alligator exhibit, and other entertainment make the market a favorite destination among both residents and visitors.
Auburndale is a welcoming small city renowned for its many public parks and sports facilities. The Cindy Hummel Tennis Center offers tennis and racquetball, while Lake Myrtle Sports Complex includes baseball and soccer fields as well as a championship soccer stadium. It’s also home to the Florida Sports Hall of Fame. In the heart of Auburndale, Downtown City Park features a beautifully landscaped butterfly garden, a historic depot, and a bandstand where the community gathers for special events throughout the year.
In addition, Auburndale’s location makes it the perfect home for anyone who love boating, fishing, and the great outdoors. The town sits right along the Winter Haven Chain of Lakes, a network of 50 interconnected lakes where largemouth bass, crappie, catfish, and bluegill thrive. Nearby Lake Hancock also has excellent fishing. Outdoor enthusiasts will enjoy visiting Saddle Creek Park, one of the region’s best birdwatching sites, for wildlife viewing, fishing, and hiking across 750 acres. To the north is Tenoroc Public Use Area, a pristine nature preserve with 39 miles of multi-use scenic trails, outstanding fishing, canoeing, kayaking, a public shooting and archery range, and small game hunting. For faster-paced fun, Walt Disney World is less than an hour away.
About GMF Group
Headquartered in Palm Beach, Florida, GMF Group is a US asset management firm that was founded by Gabriel Monfried and Matthew Forssman. GMF Group adopts an opportunistic approach to real estate investment by focusing on undercapitalized asset classes and markets.
Gabriel Monfried has completed more than $1 billion of real estate transactions. Prior to co-founding GMF Group, Gabe was Vice President at Macquarie Capital where he invested across real estate asset classes in North America and up and down the capital stack. Previously, Gabe was Associate Vice President, Investments at CIM Group, a real estate private equity firm with $30 billion in assets under management. Gabe Monfried began his career in the Investment Banking Group at Goldman Sachs and holds a BBA with honors in Finance from the University of Wisconsin – Madison.
Matthew Forssman has completed more than $1 billion of real estate transactions. Prior to co-founding GMF Group, Matt was an investment professional at BentallGreenOak where he executed real estate investments across asset classes. Before joining BentallGreenOak, Matt was Associate, Investments at CIM Group where he was involved in many facets of real estate acquisitions, developments, and financings. Matt Forssman began his career in the Investment Banking Group at Bank of America Merrill Lynch and holds a BA, cum laude, in Economics from Harvard College.
