GMF Group (Led by Gabriel Monfried and Matthew Forssman) Acquires Chadbury Manufactured Housing Community, Fletcher, North Carolina

Purchased by GMF Group on April 1, 2024, for a recorded $1 million, Chadbury Manufactured Housing Community features 34 lots. GMF Group is an asset management firm based in the United States that was founded by Gabriel Monfried and Matthew Forssman.

Chadbury Manufactured Housing Community is an age-qualified community located in Fletcher, North Carolina. Boasting off-street parking, the community allows pets, subject to approval. Chadbury Manufactured Housing Community is a welcoming community surrounded by stunning countryside, providing a relaxed pace of life where everyone can thrive.

Situated in the picturesque town of Fletcher, Chadbury Manufactured Housing Community is surrounded by rolling hills and lush forests, inviting residents to embrace the beauty of the stunning Blue Right Mountains. This quaint community offers a tranquil retreat amidst nature’s splendor, providing residents with easy access to a wide range of outdoor activities, including fishing in nearby rivers, hiking along scenic trails, and exploring charming mountain towns.

With close proximity to nature’s wonders and a cohesive community atmosphere, Chadbury Manufactured Housing Community is the epitome of mountain living. Located in Western North Carolina in the Blue Ridge Mountains, Fletcher lies in the northern portion of Henderson County, between Asheville and Hendersonville. The town was incorporated in 1989 and today covers some five square miles at an elevation 2112 feet above sea level.

Fletcher offers easy access to the Blue Ridge Parkway, a slow-paced, relaxing drive unlike any other, offering close-up views of the stunning mountains and long-range vistas of the Appalachian Highlands’ pastoral landscapes. Meandering for some 469 miles, the Parkway is home to a diverse array of animal and plant life, providing a scenic haven for nature lovers.

Situated within easy reach of Fletcher, the Biltmore Estate dates back to 1895, its majestic house and gardens providing timeless experiences and a tranquil escape from everyday life. A national historic landmark that attracts visitors from far and wide as America’s largest home, Biltmore House was created by the Vanderbilt family. Over the course of generations, the Biltmore Estate has established itself as one of North Carolina’s most popular tourist destinations.

About GMF Group

GMF Group is characterized by its innovative approach to real estate investing, with the firm specializing in undercapitalized real estate markets and asset classes.

Based in Palm Beach, Florida, Gabe Monfried serves as Managing Partner of GMF Group and, he started his career at working for Goldman Sachs in New York. During his tenure with the company’s Global Natural Resources investment banking group, Mr. Monfried worked on mergers and acquisitions, initial public offerings and follow-on offerings, debt financings, and other transactions, including M&A and financing work for Dynegy’s acquisition of Engie US in a deal worth a reported $3.3 billion.

Also based in Palm Beach, Florida, Matt Forssman is a driven real estate professional with experience in multiple areas of the industry. Also serving as GMF Group’s Managing Partner, Matthew Forssman is a Harvard College economics graduate who has built a career in finance with a focus on finance and real estate. Mr. Forssman started his career in the Real Estate Gaming & Lodging investment banking group at Bank of America Merrill Lynch in New York. Mr. Forssman also worked for CIM Group in Los Angeles and BentallGreenOak in Los Angeles, where he helped oversee $40 billion in real estate assets under management.

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