GMF Group acquired Coach Light Villa in Frostproof, Florida, on June 1, 2021, for a recorded price of $550,000. Located at 1900 S. Lake Reedy Blvd., Frostproof, FL 33843, the manufactured housing community includes 44 lots and units. Coach Light Villa provides a serene lakefront retreat in a charming small town in the tranquil heart of Central Florida.
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An age-qualified community, Coach Light Villa is situated right alongside beautiful Lake Reedy, a natural freshwater lake surrounded by farmland, quiet neighborhoods, and countryside. Fishing, boating, and watersports are favorite pastimes here, with a public pier and boat ramp available for anglers and boaters. This corner of Central Florida is sometimes called the “Bass Capital of the World,” and Lake Reedy itself is known for being home to some of the biggest largemouth bass in the area. Several other lakes surround Frostproof, so there’s never any shortage of fun on the water. For hiking and wildlife viewing, Coach Light Villa residents can head to nearby Lake Wales Ridge State Forest, while golfers can tee off at River Greens Golf Course in nearby Avon Park.
Nicknamed “the Friendly City,” Frostproof is a small town that’s big on charm. Stroll through the quaint downtown and catch a performance at the elegant Ramon Theater, built in 1925 in the Mediterranean Revival style popular at the time. It’s now a beloved local landmark. Visit the Frostproof Historical Museum and learn the story of the town’s past as a hub for the citrus industry. Stop by the Frostproof Train Depot, now Mister Chris’ Coffee Gallery, to enjoy a cup of fresh-roasted coffee, an eclectic art gallery, and live music in the shade of a towering old oak tree. Take a class in painting and other arts and crafts at Florida Wildflower Studios, which celebrates the creativity and talent of Central Florida artists and hosts an annual art show.
Other local amenities in town include multiple parks, tennis courts, a shuffleboard court, a library, a community center, and the Frostproof Sports Complex. In addition, a regular farmers’ market offers an opportunity to purchase fresh produce, homemade jams and baked goods, plants, and handcrafted gifts.
Frostproof is also the perfect home base for exploring Florida’s world-famous amusement parks—Walt Disney World and Legoland are both about an hour away. For motorsport lovers, the Sebring Raceway, home of the world-famous 24 Hours of Sebring, is within an hour’s drive.
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.
