GMF Group acquired Fontana Cove in Cocoa, Florida, on December 10, 2021, for a recorded price of $585,000. Located at 1515 Peachtree St. Cocoa, FL 32922, the manufactured housing community includes 17 lots and units. Situated in the heart of Florida’s Space Coast, Fontana Cove blends coastal charm with urban convenience in a vibrant, friendly community.
At Fontana Cove, residents enjoy a relaxed pace of life in the historic city of Cocoa, which boasts easy access to the Atlantic Ocean and the Indian River Lagoon. A short drive away, Cocoa Beach, with its beautiful sandy shoreline, offers watersports, surfing, beachcombing, and sunbathing. Nearby, Canaveral National Seashore features miles of pristine, unspoiled beaches, excellent birdwatching, and the best vantage points to watch rocket launches from Kennedy Space Center. For inshore fishing, the Indian River Lagoon is unparalleled in Florida for redfish, tarpon, snook, and black drum. With so many bodies of water nearby, Cocoa is a paradise for powerboating, kayaking, stand-up paddleboarding, and canoeing.
Those who enjoy other kinds of outdoor recreation have plenty of options to choose from in Cocoa, too. At Cocoa Riverfront, Lee Wenner, and Taylor Parks, residents have access to 10 acres of beautifully landscaped riverfront parkland right in town. About half an hour away, Merritt Island National Wildlife Refuge preserves a pristine ecosystem that shelters sea turtles, alligators, bald eagles, ospreys, and manatees. It’s a prime place for hiking, fishing, wildlife viewing, and waterfowl hunting.
Closer to home, Fontana Cove residents can enjoy Cocoa’s historic downtown, home to one-of-a-kind boutiques, breweries, pubs, cafés, and restaurants serving up delicious cuisine, from pizza to Cajun to classic American and everything in between. The Indian River Queen, a triple-deck paddlewheel boat, docks nearby and is a favorite for dinner cruises and private charters. It’s practically impossible to get bored in Cocoa, but Walt Disney World and Orlando’s other world-famous amusement parks are just over an hour away when it’s time for a trip out of town.
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.
