Machine Investment Group, a real estate investment platform focused on opportunistic, distressed and special situations across the United States, announced that it has acquired 75 West, a 490-unit multifamily community in the Park Central submarket of North Dallas, Texas.
Machine acquired 75 West in a joint venture with RPM Living Investments, which will also serve as property manager.
Located at 7927 Forest Lane, 75 West comprises 490 residential units, nearly half of which are townhomes with attached garages. The property also includes approximately 10,800 square feet of fully leased ground-floor retail space. The community is near the intersection of Interstates 75 and 635, adjacent to Medical City Dallas and within reach of major employment hubs across North Dallas.
Machine sourced the acquisition through an off-market, lender-driven process. The transaction gives the firm an opportunity to acquire a well-located, institutionally owned asset at a reset basis
