OPPORTUNISTIC &
SPECIAL SITUATION
REAL ESTATE
INVESTORS

About Machine Investment Group
About

Founded by former senior executives from Garrison Investment Group, Machine Investment Group is a real estate investment platform focused on opportunistic, distressed and special situations across the United States.

Machine invests primarily in the middle market, where our reputation for being a reliable counterparty, having a solutions-oriented approach and possessing extensive lender relationships distinguishes us from the competition.

Machine’s strict risk discipline, institutional operating processes and well-developed sourcing network has been cycle-tested and is designed to deliver consistent, opportunistic returns while minimizing losses.

≈50
Investments
≈$1.5B
Capital Deployed
Across Strategies
≈$500M
Distressed Debt
Investments
TOP 25
US MSAs
Includes investments made by Machine principals while working together prior to Machine Investment Group.
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Investment Philosophy

Disciplined. Unemotional. Fact-based Analysis.

We believe our investment philosophy yields opportunities and delivers results that produce consistent, opportunistic returns while minimizing losses.

Machine Investment Group
Seek advantageous entry points

Machine focuses on current cash flow and arbitrage opportunities in order to minimize risk.

As such, advantageous entry points, with attractive current cash flow, a significant discount to replacement cost or a cap rate differential across market buyers are important components of a Machine investment.

Be disciplined, diligent and non-emotional

Having invested across cycles, we have developed a comprehensive investment process.

Our belief is that value is created or lost at every step and it is our goal to be disciplined in our diligence from underwriting, through asset management and ultimate exit.

Eliminate binary outcomes

Even the most transparent and efficient markets can produce unpredictable results.

In order to mitigate risks, Machine will pursue investments that have multiple business plans available, thus accommodating inevitable shifts in market dynamics and providing downside protection to investors.

Be a trusted partner

We take the long view on our relationships with all of our stakeholders and believe this to be another critical component to our success.

Our reputation as a desirable counterparty that has executed successful transactions helps maintain our broad sourcing network.

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Investment Criteria
Size

MIDDLE MARKET ASSETS (approximately $15-50 M in equity)

Market

TOP 25 US MARKETS AND SHADOW PRIMARY MARKETS

Transaction Structure

VALUE ADD, OPPORTUNISTIC, DISTRESSED AND SPECIAL SITUATIONS

Property Type

PROPERTIES IN SECTORS WITH ATTRACTIVE LONG TERM DEMAND DRIVERS

Team

Machine was founded upon our principals’ expertise in real estate investing, with nearly 50 transactions and ≈$1.5 billion of capital invested on behalf of institutional investors.

Eric Rosenthal Co-Founder, Managing Partner
Eric Rosenthal
Co-Founder, Managing Partner

Eric Rosenthal is Co-Founder and Managing Partner of Machine Investment Group. Prior to founding Machine in 2020, Eric served as a Managing Director at Garrison Investment Group, where he led real estate originations across Garrison's debt and equity strategies. While at Garrison, Eric was a member of the Investment Committee and held investment and asset management responsibilities across the firm’s structured finance and special situation businesses. Eric has extensive experience investing across primary and specialty real estate asset classes, including the acquisition of distressed debt. Prior to joining Garrison, Eric worked at Gramercy Capital Corp., a publicly traded specialty finance REIT, where he worked on debt originations and distressed workouts across all major property sectors and capital stack positions.

Eric holds a Bachelor of Arts from the University of Virginia. Eric is a Trustee Emeritus of the Potomac School in McLean, Virginia and is a member of several real estate industry trade groups and non-profit initiatives.

Kristi Herschenfeld Managing Director of  Asset Management
Kristi Herschenfeld
Managing Director of Asset Management

Kristi Herschenfeld is Managing Director of Asset Management at Machine Investment Group. Kristi oversees all asset management functions and monitoring of Machine’s investments. Prior to joining Machine in 2021, Kristi served as a group head on the Real Estate Asset Management team at Garrison Investment Group, where she was employed since May 2011. While at Garrison, Kristi was responsible for the implementation and execution of value-add strategies across asset sectors and geographies. Prior to joining Garrison, Kristi was employed at SL Green Realty Corp., a New York-focused REIT (NYSE: SLG) and New York City’s largest office landlord. At SLG, Kristi served as an Analyst on the Investments team and supported Green Loan Services LLC, a boutique Large Loan Special Servicer.

Kristi holds a Bachelor of Science in Business and Economics from Lehigh University.

Matthew Kane Chief Financial Officer and Head of Operations
Matthew Kane
Chief Financial Officer and Head of Operations

Matthew Kane is Chief Financial Officer and Head of Operations at Machine Investment Group. Matthew is responsible for the firm’s accounting, tax, and treasury functions. Prior to joining Machine in 2021, Matthew was a Managing Director and Controller at Garrison Investment Group, where he oversaw all aspects of financial reporting for an array of real estate funds, special situations funds and other private investment vehicles. In this role, he was primarily responsible for fund accounting, financial statement preparation, investor return computation and regulatory reporting. Matthew contributed further to tax, treasury, and compliance functions within the firm and served as a member of the Valuation Committee. Prior to Garrison, Matthew began his career as an auditor with PricewaterhouseCoopers in the firm's New York financial services practice.

Matthew holds a Master in Professional Accounting and a Bachelor in Business Administration from the University of Texas at Austin and is a Certified Public Accountant in the State of New York.

Matthew Lambert General Counsel and Chief Compliance Officer
Matthew Lambert
General Counsel and Chief Compliance Officer

Matthew Lambert is General Counsel and Chief Compliance Officer at Machine Investment Group. Matthew oversees all of Machine’s legal and compliance functions. Prior to joining Machine in 2022, Matthew was Deputy General Counsel at StepStone Group, a global private markets firm providing investment solutions through co-mingled funds, separately managed accounts and advisory services. At StepStone, Matthew was responsible for all legal functions relating to real estate investment activity and capital formation of StepStone Group Real Estate. Before that, he served as General Counsel and Chief Compliance Officer at Garrison Investment Group, where he was responsible for all legal and compliance affairs. Matthew began his legal career as an associate at the law firm of Thacher Proffitt & Wood LLP, specializing in real estate transactions, securitizations, and capital markets.

Matthew holds a Bachelor of Arts from Colgate University and a J.D. from St. John’s University School of Law. He is a member of the state bar of New York.

Michael Librett Managing Director
Michael Librett
Managing Director

Michael Librett is Managing Director of Acquisitions at Machine Investment Group. Michael leads the acquisitions team and oversees investment sourcing for Machine. Throughout his career, Michael has managed a variety of commercial real estate and private equity investment activities, including acquisitions, asset management, underwriting, due diligence, and execution of direct, joint venture and debt investments across a variety of asset classes. Prior to joining Machine in 2020, Michael served as Vice President of Investments with Meadow Partners, where he was responsible for the acquisition and management of real estate assets representing $2.3 billion of total capitalization in New York and Washington D.C. Prior to Meadow Partners, he served on the Acquisitions team at Winter Properties and prior to that, worked for Hanover Street Capital supporting Deutsche Bank’s Special Situations Group.

Michael holds a Bachelor of Science in Business Administration from Northeastern University.

Meredith Jonker Acquisitions Vice President
Meredith Jonker
Acquisitions Vice President

Meredith Jonker is Vice President of Investments at Machine Investment Group. Meredith supports both the acquisitions team in sourcing and underwriting new portfolio investments and the asset management team following acquisition. Throughout her career, Meredith has closed equity and debt real estate investments across a variety of asset classes and geographies, totaling nearly $1.0 billion of total capitalizations. Prior to joining Machine in 2024, Meredith was a Vice President at Peak Rock Capital, where she was responsible for sourcing, executing and asset managing debt and equity real estate transactions. Previously, Meredith was an acquisitions and asset management Senior Associate at Artemis Real Estate Partners, and prior to that, she began her career as an Analyst at JBG SMITH (formerly The JBG Companies).

Meredith holds a Bachelor of Science in Hotel Administration from Cornell University.

Britton Kershner Acquisitions Associate
Britton Kershner
Acquisitions Associate

Britton Kershner is a Senior Associate of Investments at Machine Investment Group. Britton supports both the acquisitions team in sourcing and underwriting new portfolio investments and the asset management team following acquisition. Prior to joining Machine in 2021, Britton was an Analyst at Eastdil Secured, where he focused primarily on debt placement and joint venture equity raises for commercial real estate investments. While at Eastdil Secured, Britton was responsible for financial analysis and valuation of commercial assets across product sectors and geographies, including over $3.5 billion of closed transactions.

Britton holds a Bachelor of Science in Real Estate Risk Management from Pennsylvania State University.

William Durr Acquisitions Associate
William Durr
Acquisitions Associate

William Durr is a Senior Associate of Investments at Machine Investment Group. William supports both the acquisitions team in sourcing and underwriting new portfolio investments and the asset management team following acquisition. Prior to joining Machine in 2022, William was an Associate at Bank OZK in the Real Estate Specialties Group, where he focused on senior debt originations secured by a variety of asset classes. While at Bank OZK, William was responsible for underwriting and structuring lending opportunities, including over $1.8 billion of closed loan commitments. Prior to Bank OZK, he was an Analyst at H/2 Capital Partners.

William holds a Bachelor of Business Administration in Finance from Southern Methodist University.

Davis Bebon Acquisitions Analyst
Davis Bebon
Acquisitions Analyst

Davis Bebon is an Analyst of Investments at Machine Investment Group. Davis supports both the acquisitions team in sourcing and underwriting new portfolio investments, and the asset management team following acquisition.

Davis holds a Bachelor of Science in Hotel Administration from Cornell University.

Andy Kwon Co-Founder
In Memoriam
Andy Kwon
Co-Founder

Andy Kwon was a Co-Founder of Machine Investment Group. Prior to founding Machine in 2020, Andy headed the Real Estate Group at Garrison Investment Group, where he was a member of the Executive Management Committee and Investment Committee. Andy was involved in all aspects of the business, including fundraising, acquisitions, asset management and dispositions. While at Garrison, Andy and his team were responsible for in excess of $4 billion of real estate assets, which included fund investments, co-investments, and separate accounts. Andy originated, structured, underwrote and closed equity and debt investments across essentially all property sectors.

Prior to Garrison, Andy led acquisitions for Urban Residential, where he focused on ground-up development and conversion opportunities. Prior to that, Andy was with Bear Stearns in the Large Loan Group. Previously, Andy was with Hatfield Philips, a special servicing company. Andy received his Bachelor of Arts from Duke University and is a member of the International Council of Shopping Centers and the Urban Land Institute.

In March 2021, Andy passed away suddenly and unexpectedly following a brain aneurysm. Andy was laid to rest in his hometown of Columbia, South Carolina and is survived by his wife, three children, mother and sister.

Andy and Eric formulated a vision for Machine before launching the firm in the summer of 2020. This vision was built on shared values and friendship after more than a decade of successful collaboration at Garrison. Andy conducted himself everyday with warmth, integrity, and a competitive spirit that inspired those around him and helped to shape the culture of our firm. His analytical and steady-hand approach within the often-chaotic world of opportunistic investing remains a central pillar of the Machine philosophy. Machine will continue in Andy’s legacy and is committed to reflecting his core values.

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Contact
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Contact
To begin a partnership or for any inquiries, please contact us.
Address
11 West 42nd Street
24th Floor
New York, NY 10036
Phone