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GMF Group (Led by Matthew Forssman and Gabriel Monfried) Acquires North Tampa Estates, Tampa, Florida


By Tom White

Published on December 17, 2024

North Tampa Estates is an inviting mobile home community situated in Tampa, Florida. The property is owned by GMF Group, a company led by Matthew Forssman and Gabriel Monfried as Managing Partners. GMF Group acquired North Tampa Estates manufactured housing community / mobile home park on November 7, 2023, for a recorded $1.65 million.

Incorporating 39 lots in total, North Tampa Estates invites visitors and residents to immerse themselves in comfortable living, enjoying this meticulously designed neighborhood where convenience and a strong sense of community spirit prevail. Boasting meticulously landscaped gardens, a welcoming ambiance, and generous lots, North Tampa Estates fosters enduring connections, presenting the perfect base from which to explore the many nearby attractions.

Florida’s third-largest city, Tampa forms part of the Tampa Bay Area metropolitan district, which has a population of approximately 3.1 million people. Located on Florida’s western coast, the city has a balmy 73.1 degrees Celsius average annual temperature. Tampa’s economy is founded on an eclectic combination of industries, including tourism, construction, healthcare, technology, government, and finance. The Port of Tampa is the State of Florida’s largest port.

Tampa has staged many large events over the years, including hosting the Super Bowl four times, most recently in February 2021. It also boasts its own international airport, which has consistently ranked as one of the best airports in the whole of the United States.

Popular nearby attractions include the Imagine Museum, which features exhibits of contemporary glass art, The Florida Aquarium, and ZooTampa. For families, Glazer Children’s Museum is well worth a visit, providing innovative play and learning opportunities across this 53,000-square-foot site. The city also boasts a Museum of Art, as well as the Tampa Bay History Center, which takes visitors on a journey back through time, exploring local history – including exhibits on pirates and conquistadors and a section exploring Tampa’s port industries.

Busch Gardens Tampa Bay is an animal theme park that spans 335 acres. With the entire park designed and landscaped around African and Asian themes, the attraction welcomes over four million visitors each year, ranking second among United Parks and Resorts behind SeaWorld, Orlando. The amusement park features many rollercoaster and thrill rides, including a SheiKra, a dive coaster, and the Cheetah Hunt family-style thrill coaster. Built on the site of a former brewery, Busch Gardens has been the recipient of numerous awards. The amusement park hosts a comprehensive calendar of annual events, including a weekly concert series that runs from January to March as well as the Howl-O-Scream Halloween event throughout September and October.

Situated in close proximity to many major attractions, North Tampa Estates offers the perfect haven for visitors and residents alike to indulge in everything from retail therapy and local events to culinary delights. The manufactured housing community also offers an ideal retreat for nature lovers, providing easy access to parks and natural marvels and abundant outdoor recreational opportunities.

About GMF Group

GMF Group is an asset management firm characterized by its innovative approach to real estate investment, focusing on undercapitalized asset classes and markets. Based in the United States, GMF Group was founded by Matthew Forssman and Gabriel Monfried.

Matthew Forssman, prior to co-founding GMF Group, was an investment professional at BentallGreenOak, where he executed real estate investments across asset classes. Before joining BentallGreenOak, he was Associate, Investments at CIM Group, where he was involved in many facets of real estate financings, acquisitions, and developments. Matt Forssman began his career in Bank of America Merrill Lynch’s Investment Banking Group and holds a BA, cum laude, in Economics from Harvard College. He has completed more than $1 billion of real estate transactions.

Gabe Monfried, prior to co-founding GMF Group, 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 approximately $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. He has completed more than $1 billion of real estate transactions.

Deputy Editor, Investing and Corporate News