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

GMF Group acquired Titusville Estates in Titusville, Florida, on June 1, 2021, for a recorded price of $1,275,000. Located at 671 N. Dixie Avenue, Titusville, FL 32796, the manufactured housing community includes 35 lots and units. Titusville Estates is a vibrant community situated in the heart of Florida’s Space Coast, with easy access to beaches and all the wonders of the Kennedy Space Center and Cape Canaveral Space Force Station.

An age-qualified community, Titusville Estates offers a cozy, welcoming retreat surrounded by trees and greenery. Residents enjoy on-site laundry facilities and the many amenities in Titusville, a small but charming city with plenty to see and do. Stroll through the historic downtown with its unique shops, restaurants, and local businesses. Stop for a bite to eat and sample some rock shrimp, a local specialty. Catch a performance at Titusville Playhouse and admire the historic Pritchard House with its elaborate Queen Anne architecture.

Outdoor enthusiasts are spoiled for choice in Titusville. Surfing, kiteboarding, and freshwater and saltwater fishing are all popular activities here. The city boasts three multi-use trails running through town, including the East Coast Greenway, which will eventually connect Florida to Maine. Nature lovers will enjoy the Enchanted Forest Sanctuary, which offers miles of hiking trails and excellent wildlife viewing. At Canaveral National Seashore, visitors can kayak and canoe calm lagoon waters, go birdwatching, hiking, and even view rocket launches from the beach.

Titusville is a mecca for anyone interested in space exploration. Visitors can walk through space history and view memorabilia at the American Space Museum. At Kennedy Space Center, see rockets from NASA missions, meet astronauts, enjoy interactive exhibits, and walk through the U.S Astronaut Hall of Fame.

With Titusville’s central location and highway connections, residents are also within an easy distance of Daytona International Speedway, Disney World, and Orlando’s many other theme parks and attractions. Four international airports nearby make travel a breeze.

About GMF Group

GMF Group is a vertically-integrated real estate investment firm headquartered in Palm Beach, Florida. Founded by Gabe Monfried and Matt Forssman, GMF takes an opportunistic approach to identifying and capitalizing on opportunities within undercapitalized asset classes, with a strategic emphasis on manufactured housing communities (MHCs). As a top 50 U.S. owner-operator of MHCs, GMF is invested in and manages thousands of lots and units across a growing portfolio. The firm combines institutional expertise with a dynamic, agile approach to align with the interests of investors, employees, and the communities in which it invests to deliver value-driven outcomes. For more information, please visit gmfgroup.com.

Gabe Monfried is a Co-Founder and Managing Partner of GMF Group overseeing all of the firm’s investments, strategic initiatives, and fundraising. Gabe has completed more than $5 billion in real estate and capital markets transactions throughout his career. Prior to GMF Group, Gabe was Vice President, Principal Investing at Macquarie Capital where he led complex real estate equity and structured finance investments throughout North America across conventional and niche real estate asset classes. Gabe’s earlier career includes serving as Associate Vice President, Investments at CIM Group, a global real estate and infrastructure private equity firm with $35 billion in assets under management, where he focused on hospitality, multifamily, office, and renewable energy investments, financings, and developments. Gabe began his career as an investment banking analyst at Goldman Sachs. Gabe earned a BBA in Finance, Investment & Banking with honors from the University of Wisconsin – Madison.

Matt Forssman is a Co-Founder and Managing Partner of GMF Group overseeing all of the firm’s investments, strategic initiatives, and fundraising. Matt has completed more than $5 billion in real estate and capital markets transactions throughout his career. Prior to GMF Group, Matt was responsible for real estate acquisitions and asset management at BentallGreenOak. While at BentallGreenOak, Matt was involved with the acquisition and asset management of more than $1 billion of multifamily and office real estate investments. Matt’s earlier career includes serving as Associate, Investments at CIM Group, a global real estate and infrastructure private equity firm with $35 billion in assets under management, where he focused on real estate investments, financings, and developments. Matt began his career as an investment banking analyst at Bank of America Merrill Lynch. Matt earned a BA in Economics, cum laude, from Harvard College and is an active member of the Milken Institute’s Young Leaders Circle.