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GMF Group (Led by Matthew Forssman and Gabriel Monfried) Acquires Pine Grove Estates in Lakeland, Florida

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GMF Group
GMF Group

Pine Grove Estates in Lakeland, Florida, was bought by GMF Group on December 15, 2022, for a price of $390,000. The neighborhood has 31 mobile home lots and is located at 2245 New Tampa Hwy, Lakeland, FL 33815. In the middle of a busy, beautiful city in Central Florida, Pine Grove Estates is a quiet place that is great for families.

People of all ages can live in Pine Grove Estates, which is close to all of Lakeland’s great things to do, from nature attractions to arts and culture events and other city sights. Hollis Garden is a beautiful 1.2-acre botanical garden with lots of different flowers, shrubs, and decorative trees that nature lovers can enjoy. Hikers and bikers can enjoy the quiet trails at the Circle B Bar Reserve. People who are interested in wildlife can see many birds, as well as bobcats and river otters. There are also more than 38 beautiful lakes in Lakeland, which makes it a great place to go swimming, fishing, and enjoying the views from the water.

For people who like art, the Polk Museum of Art has modern, ancient, and pre-Columbian pieces from Asia, Africa, Europe, and the Americas. 

The city of Lakeland calls its historic downtown area “a little mecca of cool” because it has so many cute shops, restaurants, and art galleries. There are more than 40 bars and restaurants, almost 20 shops, and a number of salons and spas, so there’s always something to do, day or night. For a more unique shopping experience, check out the Lakeland Antique Mall or Lakeside Village, an outdoor shopping area with many stores and places to eat.

People who like sports can go to Joker Marchant Stadium to see a Detroit Tigers spring training game or a Lakeland Flying Tigers Minor League Baseball game. At the same time, families can visit the Safari Wilderness Ranch to have a more full experience while on a safari-style tour of the animals. There is something for everyone in Lakeland, with its wide range of sights, services, and natural areas.

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.

Gabe Monfried has completed more than $1 billion of real estate transactions. Gabe was Vice President at Macquarie Capital before he helped start GMF Group. There, he dabbled in all kinds of real estate in North America and at all levels of the capital stack. Gabe used to be an Associate Vice President of Investments at CIM Group, a real estate private equity company that managed $30 billion in assets. The first job Gabe Monfried had was in the Investment Banking Group at Goldman Sachs. He has a BBA in Finance with honors from the University of Wisconsin Madison.

Matt Forssman has bought and sold homes worth more than $1 billion. Before helping to start GMF Group, Matt worked as an investment professional at BentallGreenOak, where he made real estate purchases in a variety of asset classes. Matt used to work as an Associate, Investments at CIM Group before joining BentallGreenOak. There, he helped with many aspects of buying, developing, and financing real estate. The first job Matt Forssman had was in the Investment Banking Group at Bank of America Merrill Lynch. He has a BA in Economics from Harvard College.

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