Eric Rosenthal Of Machine Investment Group Acquires 227-Unit Multifamily Property In Georgetown

The property involved in this transaction is a multifamily asset located at 120 Boselli Way in Georgetown, Texas. It encompasses a square footage of 15,000 and consists of 227 units, alongside retail space. The sale occurred at 30% below the developer's basis, taking place amid market dislocation and oversupply.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Not disclosed
• Address: 120 Boselli Way
• Market: Georgetown
• Square Footage: 15,000
• Buyer: Eric Rosenthal - Machine Investment Group
• Broker: Walker & Dunlop

Eric Rosenthal of Machine Investment Group acquired the property with plans to accelerate lease-up by enhancing amenities and retail support. The acquisition strategy is aligned with the rapid growth of Georgetown and the strong fundamentals of the Austin market.