Miami-Beach-Welcomes-Financial-Services-Firm-GMF
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City of Miami Beach, 1700 Convention Center Drive, Miami Beach, FL 33139, www.miamibeachfl.gov
OFFICE OF MARKETING & COMMUNICATIONS, Tel: 305.673.7575 PRESS RELEASE
Melissa Berthier, Email: melissaberthier@miamibeachfl.gov
Paul Scicchitano, Email: paulscicchitano@miamibeachfl.gov
FOR IMMEDIATE RELEASE
August 5, 2021
Miami Beach Welcomes Financial Services Firm — GMF Capital LLC is relocating its headquarters from the Northeast —
Miami Beach, FL – A prominent financial services firm previously headquartered in the
Northeast has announced that it will be trading harsh winters and high taxes for Miami Beach’s
endless summer and business-friendly climate.
GMF Capital LLC, which has been headquartered in New York, plans to relocate its
headquarters to Miami Beach under recently announced incentives approved by the Miami
Beach City Commission. The firm signed a 5-year lease at 1674 Meridian Avenue for Class A
office space in South Beach with renewal options. The building is represented by Integra and
the Constellation Group.
“The city’s efforts to diversify our economy and develop incentives to attract new types of
businesses are beginning to pay off with prospective newcomers in the pipeline,” shared Miami
Beach Commissioner Mark Samuelian.
With a greater emphasis on developing Class A office space, the city is hoping to attract more
financial services and technology companies from places like California, Connecticut, Illinois,
New York and Texas.
Miami Beach recently unveiled a package of incentives that include a Job Creation Incentive
Program offering up to $60,000 per year for up to four years for new-to-market or existing
companies in targeted industries. The incentives are aimed at increasing the number of high-
wage jobs. The incentives also include an expedited plan review and building permit approval
in 10 business days to facilitate business relocation as quickly as possible.
GMF Capital LLC is an SEC-registered investment management firm that was co-founded in
2015 by Jay Lobell, the firm’s CEO. Having directed over $2 billion in equity investments, the
firm develops and executes operating businesses and investment strategies across diverse
sectors, including real estate and health care. GMF holds more than $10 billion in real estate
and healthcare assets.
“Miami Beach is a hidden gem,” observed Lobell, who recently purchased a home in Miami
Beach, as have several GMF employees and family members. “With the beach in walking
distance, so much to do and see, the food, art and culture scene, and sense of community,
how could we pass up the chance to move our business to Miami Beach?”
“While we have a beautiful beach, we’re way more than a beach,” added Mayor Dan Gelber.
“More and more top companies want to be part of our live-work-play lifestyle.”
We are committed to providing excellent public service and safety to all who live, work and play in our vibrant, tropical, historic community.
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