Hoffmann Commercial Real Estate Passes Downtown Naples Torch To M Development

October 13, 2023

Hoffmann Commercial Real Estate (HCRE), part of Hoffmann Family of Companies (HF Companies), announces the sale of a portion of its downtown Naples real estate portfolio to M Development for an undisclosed price. This monumental transaction, the largest in HF Companies’ history, is a strategic move for the family equity firm.

HF Companies and the Hoffmann family remain committed to the people of Southwest Florida and will remain one of the largest employers in the region, with more than 2,000 employees. Following this transaction, HF Companies continues to own more than twenty properties in the Naples area, including ten industrial sites, Hertz Arena, Port O Call Marina, The Old Collier Golf Club, and over 1,000 acres of agricultural growing sites.

HCRE first made headlines in October 2015 with its real estate acquisitions on Fifth Avenue South. In recent years, HF Companies’ investment strategy has shifted from a primary focus on real estate to include investment in businesses across nine additional sectors: agriculture, aviation, financial services, hospitality, industrial manufacturing, marine, media & marketing, professional services, and transportation.

“We are proud of the impact we’ve made on Fifth Avenue South, a world-class destination that rivals avenues and boulevards around the world,” states Greg Hoffmann, Principal & CEO of HCRE and co-CEO of HF Companies. “While the time has come to pass the ownership torch on some of our local real estate holdings, we are committed to growing our impact through further investment in Southwest Florida businesses and will continue to maintain the ‘Hoffmann Standard’ across all our holdings.”

The HF Companies investment philosophy centers around finding good companies, properties, and people and helping make the products and services delivered even better. In 2022-2023, HF Companies made 13 investments, including Linstol, a Naples-based supplier of in-flight passenger products, and the bolt-on MNH Sustainable Cabin Services. Additional investments include Wayne Manufacturing, RMC Destination Management Company, JED Transportation, Shepler’s Mackinac Island Ferry, plus a range of hospitality, marine, and media companies.

“This transaction represents an exciting new chapter for our firm to invest in even more companies and management teams that share our values systems on culture and performance,” shares Geoff Hoffmann, co-CEO of HF Companies. “SW Florida has proven to be a world-class destination and will remain an integral part of our portfolio.”

“Naples has become our home, and we are not leaving town. Our real estate properties are very visual but a small part of our overall family investment strategy and portfolio,” states David Hoffmann, Founder and Chairman of HF Companies. “HF Companies, under Greg and Geoff’s leadership, will continue to invest in Naples and Southwest Florida through the purchase of new businesses to join the Hoffmann Family of Companies as we expand our interests.”

HF Companies currently owns and operates more than 30 businesses in Southwest Florida, including:

– 5 Star Valet
– American Farms
– Coral Cay Adventure Golf
– Everglades Excursions
– Florida Everblades
– Florida Healthcare News
– Florida Weekly
– GlobalWorks
– Hertz Arena
– Hoffmann Creative Agency
– Hoffmann Executive Suites
– Kaleidoscope Home & Floral
– Lark & Willow Events
– Linstol
– Marco Island Water Sports
– Miss Naples
– Mitch’s Cookies
– Naples Beach Water Sports
– Naples eBike Tours
– Naples Princess
– Naples Transportation & Tours
– Naples Trolley Tours
– Old Corkscrew Golf Club
– Port O Call Marina
– Regency Watersports
– Segway of Naples
– Stan’s Coffee & Food Service
– Sunmaster of Naples, Inc.
– The Old Collier Golf Club
– Tier Electric & EV
– Titan Screen
– Topiary Creations
– World Wide Farms

About Hoffmann Family of Companies

Whether you enjoy our properties, buy our products, attend our events, rely on our services, or join Hoffmann Family of Companies, we want your experience to be world-class without exception. We find good companies, properties, and people and help make the products and services we deliver even better—from the big picture to the smallest details. We are all fully invested in creating world-class experiences and value in all we do.

Our family of brands is organized into ten growing sectors: agriculture, aviation, financial services, hospitality, industrial manufacturing, marine, media & marketing, professional services, real estate, and transportation. With over 115 national brands, we are proud to employ more than 9,000 employees across 250 locations in 30 countries. Our philosophy is to invest in people first, then companies.

About Hoffmann Commercial Real Estate

Hoffmann Commercial Real Estate has repeatedly transformed and maintained properties to a Class “A+” standard, known as the “Hoffmann Standard.” Our portfolio exceeds $1 billion and is rapidly growing, consisting of stabilized and value-added properties in strategic locations throughout the country. With a reputation for an unrivaled commitment to excellence, we own and operate properties throughout the United States across Colorado, Florida, Illinois, Indiana, Michigan, Minnesota, Missouri, Tennessee, and Texas.

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