GMF Group acquired Arcadia Estates in Arcadia, Florida, on January 31, 2023, for a recorded price of $3,280,000. Located at 45 SW Martin Luther King Jr. Street, Arcadia, FL 34266, the manufactured housing community includes 94 lots. Arcadia Estates offers a peaceful haven in one of Central Florida’s most charming and vibrant small towns.
Welcoming all ages, Arcadia Estates is a friendly community where new residents feel instantly at home. An onsite clubhouse provides space for neighbors and friends to gather for parties, celebrations, potlucks, or just a chat. Grocery stores, shopping centers, restaurants, parks, houses of worship, and a hospital are all just a few minutes’ drive away.
Tucked away in Central Florida, Arcadia is a charming small town with a variety of attractions that showcase its rich history and community spirit. One of the main highlights is the Arcadia Historic District, which features lovingly preserved buildings from the late 19th and early 20th centuries. This classic downtown neighborhood is filled with restaurants, bars, a brewery, a tearoom, a smoothie shop, and multiple antiques stores selling vintage treasures. Once a month, an antiques street fair brings dozens of vendors and collectors to town. Another downtown landmark is the historic Heard Opera House, which hosts concerts, performances, and community events.
Besides antiques, Arcadia is also famous in Florida as the home of the All-Florida Championship Rodeo, the oldest rodeo east of the Mississippi. Top athletes from across the state compete in bull riding, bareback bronco riding, and barrel racing for a chance to make it to the national finals. In addition, Arcadia is the home of the DeSoto County Fair and the county’s annual Watermelon Festival.
For outdoor enthusiasts, the tranquil Peace River offers canoeing, kayaking, and fishing, with scenic views and wildlife sightings. Morgan Park has miles of hiking trails and picnic grounds in a beautiful, natural setting along the river, under the shade of giant cypress trees. At Brownville Park, families can launch their canoe, kayak, or boat on the river, camp overnight, fish, or walk the nature loop trail. The Peace River also draws fossil hunters, thanks to the fossilized shark teeth and prehistoric mammal bones that can be found in the riverbed.
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 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.
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.
