Reger Holdings has received a $278.5 million construction loan for a portfolio of four assets located in Austin. The capital was provided by Madison Realty Capital.
The portfolio is comprised of two mixed-use multifamily properties and 317 acres of entitled land with plans to develop 1,264 multifamily residential units, known as the EastVillage, located along the Parmer Lane tech corridor in northeast Austin and a luxury condominium in downtown Austin known as The Linden Residences. Reger Holdings contributed significant cash equity for the construction.
Josh Zegen, managing principal and co-founder of Madison Realty Capital, said, “Austin is a rapidly growing, vibrant city experiencing exceptional economic growth but faces high barriers to entry. The Parmer Lane tech corridor is home to some of the most prominent Austin employers and some of the nation’s most innovative companies, including Tesla, Apple, Samsung, Oracle, Dell, Facebook and 3M. However, the city is
