GMF Group acquired Peace River Estates in Punta Gorda, Florida, on March 23, 2023, for a recorded price of $1,230,000. Located at 5400 Riverside Drive, Punta Gorda, FL 33982, the manufactured housing community includes 125 lots and units. With ample amenities and a prime riverfront location, Peace River Estates offers the best of outdoor living in Southwest Florida.
Peace River Estates is a welcoming haven for residents looking for a friendly, vibrant community with easy access to nature. The community is situated right on the Peace River, a paradise for boaters and anglers. With boat slips on site, it only takes moments for residents to be out on the water. Meanwhile, amenities like a clubhouse and shuffleboard court provide a place to gather and connect with neighbors.
Fishing and boating are favorite pastimes in beautiful Punta Gorda, located where the tranquil Peace River flows into Charlotte Harbor, an arm of the Gulf of Mexico and the second-largest harbor in Florida. Snook, trout, tarpon, and other gamefish are plentiful in this thriving estuary. Nature lovers can visit parks like Charlotte Harbor Preserve State Park, perfect for kayaking, canoeing, fishing, and birdwatching. Several trails wind through pristine salt and freshwater marshes, mangrove forests, and shady oak and pine woods. Less than an hour away, the beaches of Manasota Key beckon with white sand and warm, aquamarine Gulf waters.
Within Punta Gorda are a variety of arts, cultural, and historic attractions. Visitors can take a stroll along the Harborwalk, a 2.5-mile scenic pathway that offers picturesque views of the Peace River and multiple shops, restaurants, and parks along the way. The town is also known for its vibrant arts scene, with the Visual Arts Center and local galleries showcasing the work of regional artists. History buffs will appreciate the Military Heritage Museum and the historic downtown area with its restored buildings, locally owned shops and restaurants, brewery, and street festivals. Alternatively, head to Fishermen’s Village on the waterfront for shopping, dining, and views of the Gulf Coast. With so much to see and do, it’s impossible to get bored in Punta Gorda.
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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.
