GEORGETOWN, TEXAS — New York City-based Machine Investment Group has purchased Rise 120, a 227-unit apartment complex in the northern Austin suburb of Georgetown. Completed in early 2024, Rise 120 offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, resident lounge, grilling area and a dog park. Machine Investment Group, which partnered with Alta Real Estate Partners on the acquisition, plans to add additional amenities, including a golf simulator, sauna and cold plunge. Walker & Dunlop represented the undisclosed seller in the transaction.