Machine Investment Group

Machine Investment Group

Machine Investment Group was launched in 2020 by Eric Rosenthal and the late Andy Kwon, both alumni of Garrison Investment Group. The firm was built on a shared vision and more than a decade of collaboration at Garrison, where Rosenthal led real estate originations and Kwon headed the real estate group. Kwon passed away suddenly in March 2021, and the firm operates in his legacy with a philosophy shaped by his analytical, steady-hand approach to opportunistic investing. The firm targets value-add, opportunistic, distressed and special situations across all major property sectors in the United States. Machine focuses primarily on the middle market, with equity checks typically between $15 million and $50 million, and operates across the top 30 US markets and shadow primary markets. Its mandate spans distressed debt, complex capital structures, and traditional asset repositioning. The firm emphasizes current cash flow and arbitrage opportunities, seeking entry points at a significant discount to replacement cost or through cap rate differentials. Machine's sourcing model relies on direct relationships and a reputation as a reliable counterparty, cultivated over nearly 70 transactions. Machine’s senior management team brings together experience managing multiple real estate funds and co-investment vehicles totaling roughly $2.4 billion on behalf of institutional investors. The team includes Partner Kristi Herschenfeld, who oversees asset management and previously held roles at Garrison and SL Green Realty; Partner and CFO Matthew Kane, a former Garrison controller and PwC auditor; and Partner Michael Librett, who leads acquisitions after roles at Meadow Partners and Deutsche Bank's Special Situations Group. Charlie Leonard joined as Partner for Investments and Capital Formation, bringing experience from Rockwood Capital and CIM Group. In 2025, the firm added Vinny Ribeiro as an Accounting Associate from PwC and Jack Kite as an Investment Associate from Wells Fargo Securities. Machine stands apart through its explicit commitment to what it calls "unemotional, fact-based analysis" rooted in cycle-tested discipline — a posture codified during the Garrison era and carried forward under Rosenthal's leadership. The firm's governance reflects this: it was founded as a partnership by operators who had already worked together through a full credit cycle, and its post-Kwon continuity plan embedded the founding philosophy directly into the operating culture rather than into a single individual.