GMF Group (Led by Matthew Forssman and Gabriel Monfried) Acquires Leesburg Estates in Leesburg, Florida
GMF Group acquired Leesburg Estates in Leesburg, Florida, on October 31, 2021, for a recorded price of $1,260,000. Located at 1911 Citrus Blvd, Leesburg, FL 34748, the manufactured housing community includes 70 lots and six site-built units for a total of 76 lots and units. This all-ages property is conveniently situated in Central Florida and offers a family-friendly, peaceful community to call home.
At Leesburg Estates, residents have everything at their fingertips to enjoy the best of sunny Florida living. Laundry facilities are located on site, and the charming small city of Leesburg offers plenty of shopping, restaurants, and opportunities for recreation. A public swimming pool and several tennis, shuffleboard, and pickleball courts can be found at parks and recreation centers throughout the city. During the summer, the Leesburg Lightning, a collegiate summer baseball team, plays its home games at Pat Thomas Stadium.
Thanks to its location along the Harris Chain of Lakes, Leesburg is a haven for boating and fishing, especially for largemouth bass, bluegill, and black crappie. The city-owned Venetian Cove Marina provides boat ramps, dry storage, slips, a full-service boat maintenance and repair shop, and canoe and kayak rentals on Lake Harris. At Venetian Gardens Park, residents can stroll by canals linking a several small, landscaped islands in the lake, play volleyball, and enjoy a picnic. During the holidays, a free lighted display at the park offers a fun, festive community celebration.
In recent years, Leesburg’s downtown has come alive with restaurants, boutiques, coffee shops, pubs, a wine bar, a brewery and tap room, and a delightful antique shop packed with vintage treasures. The city hosts the annual Bikefest, the world’s largest three-day motorcycle rally. Other local Leesburg attractions include the stately, historic Mote-Morris House, which was built in 1892 and is now surrounded by two acres of botanical gardens.
Leesburg occupies a prime location in Central Florida. With Orlando less than an hour away, residents have easy access to Disney World, Epcot, Universal Studios, and the city’s many other theme parks and world-class entertainment.Â
About GMF Group
GMF Group, founded by Gabriel Monfried and Matthew Forssman, is a US-based asset management firm that employs an opportunistic approach to investing in undercapitalized real estate asset classes and markets. Matthew and Gabriel are Managing Partners at GMF Group.
