ORLANDO, FL – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the Heritage Estates community in Orlando, FL. This successful close represents the 15th investment in Knightvest’s Fund II, and the third acquisition in Orlando in six months, bringing the total units owned in the market to 1,535 units.
Built in 2003, the 230-unit apartment community is located in the quick-growing corridor of East Orlando with close proximity to major employment hubs such as Lockheed Martin, the University of Central Florida, Orlando International Airport, and Lake Nona. Knightvest will implement a comprehensive renovation program with plotted improvements to unit interiors, the property’s exterior, and the common areas, including a 9,000 square-foot clubhouse and fitness center. As part of the renovation efforts, Knightvest has renamed the community to The Palmer.
“With The Palmer, we’re expanding our presence in a region where we’ve seen strong performance,” said David Moore, Knightvest founder and CEO. “The community’s spacious floorplans, high-quality construction, and proximity to major employment hubs make it a compelling addition to our portfolio. This acquisition reflects our deep-market strategy, focusing on fewer, more concentrated markets where we can build scale and local expertise that directly benefits performance.”
With three acquisitions in six months, Knightvest has established meaningful scale in Orlando since entering the market in 2022. The firm’s growing presence positions it to operate with greater efficiency and local insight as it continues to pursue opportunities across one of the fastest growing regions in terms of both population and employment.

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AUSTIN, TX – Machine Investment Group (MIG), a real estate investment platform focused on opportunistic, distressed, and special situations across the United States, announced the off-market acquisition of Rise 120, a newly built property consisting of 227 multifamily units and 15,000 square feet of retail located in Georgetown, TX, a highly desirable and quick growing submarket of the Austin MSA.
Rise 120 offers recently completed (Q1 2024) rental apartments within a submarket dense with high-income employment drivers. The property is situated 2 minutes from I-35, providing accessibility to Downtown Austin, Georgetown and Round Rock, and major North Austin employment drivers including Dell, Apple, and the Domain. Georgetown ranked as the fastest growing city in the nation by the U.S. Census Bureau from 2021 through 2023, outpacing the broader Austin MSA for more than 10 years. Austin, as a whole, has demonstrated a track record of attracting a highly educated and affluent population, exceeding every other major U.S. city in growth over the last decade.
The buy of Rise 120 represents an opportunity to buy a high-quality, new construction multifamily asset at 30% below the developer’s basis, driven by a period of capital markets dislocation, as well as a temporary oversupply. MIG plans to accelerate lease-up through a further investment in Rise 120 that will differentiate the property with additional amenities, slated to include a golf simulator, sauna, and cold plunge. Existing amenities include a pool, fitness center, resident lounge, grill area, and dog park. Rise 120 is the only building within its competitive set to contain retail space, and MIG plans to support retail leaseup with tenant improvement allowances. Local market dynamics are expected to drive continued residential rent growth over MIG’s investment period.
“Austin recognized significant overbuilding in the recent commercial cycle, but we believe the multifamily distress is transitory in specific submarkets as the MSA offers some of the strongest medium-to-long term fundamentals in the country,” said Eric Rosenthal, Co-Founder and Managing Partner of Machine Investment Group.
MIG completed the acquisition in partnership with Alta Real Estate Partners, a vertically integrated multifamily investment firm. Walker & Dunlop represented the seller in the transaction.

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AUSTIN, TX – Virga Capital closed on its first multifamily acquisition in the Austin metropolitan area with the buy of The Beacon at Pfluger Farm, a 258-unit Class A apartment community located in Pflugerville, Texas.
Built in 2022, The Beacon at Pfluger Farm is a three-tale, garden-style community offering a balanced mix of one-, two-, and three-bedroom residences with an average unit size of approximately 890 square feet. The property features contemporary interior finishes and a market-leading amenity package that includes a clubhouse, resort-style swimming pool, two fitness facilities, coworking and resident lounge spaces, private garages, and outdoor gathering areas.
The Beacon at Pfluger Farm is located within a 10-minute walk of the 1.5 million-square-foot Stone Hill Town Center, providing residents with immediate access to a wide range of restaurants, retailers, and entertainment options. Situated in the high-growth Pflugerville submarket, the property benefits from limited near-term supply, proximity to technology and advanced manufacturing employers, and strong regional connectivity via State Highway 45 and State Highway 130.
“We bought The Beacon as Austin’s multifamily supply pipeline is falling off a cliff following years of elevated deliveries,” said Robert Lateiner, Founder and CEO of Virga Capital. “That dynamic has made a generational opportunity to invest in one of the nation’s strongest long-term growth markets at a cyclical low. With 2025 absorption exceeding 20,000 units—roughly double the historic average—this acquisition positions Virga as a front-runner ahead of the return of large-scale institutional capital. The window to invest in Austin multifamily is open, but it is closing quickly.”

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