Daily Archives: June 8, 2021

Madison Realty Capital Originates $278.5 Million Construction Loan for Three Multifamily Projects and Luxury Condominium in Austin, Texas

Portfolio Includes 734 multifamily apartments, 1,264 planned multifamily units, and 117 luxury condominium residences

NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $278.5 million construction loan for a portfolio of four assets located in Austin, Texas to Reger Holdings, LLC, a New York-based real estate investment and development company led by CEO Gordon Reger, a third-generation member of the Reger/Mader family who founded the company.

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, “This transaction highlights Madison Realty Capital’s solutions-oriented approach and unique ability to serve as a single source financing provider to a highly reputable borrower. 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 facing an undersupply of the high-quality housing options that employees in the Parmer Lane tech corridor demand. We look forward to working with Reger, a best-in-class developer with a strong balance sheet, to complete future phases of development in Austin and continue to identify attractive opportunities for our investors and partners throughout Texas and the Southwest.”

“Madison Realty Capital’s senior financing for the EastVillage and the Linden marks an exciting milestone for both projects,” said Gordon Reger.  “We are pleased to work with a single capital source that has the flexibility to finance these diverse projects.”

The mixed-use residences are comprised of two development sites across 29 acres within the over 400-acre master site planned for the EastVillage. The first EastVillage development will offer 312 luxury apartment units across six garden-style apartment buildings with top-tier amenities, including a fitness center, courtyard, dog grooming station and swimming pool. The second EastVillage development will consist of an additional 422 one-, two- and three-bedroom apartment units with state-of-the-art finishes, fitness center, game room, yoga studio, and 143,000 square feet of commercial space. Future phases of development for EastVillage involve 317 acres of land approved for 1,264 multifamily units, 240 hotel keys and over one million square feet of commercial space. The EastVillage is adjacent to Samsung’s Semiconductor chipmaking plant, one of Austin’s largest employers, which recently announced plans to expand with a $17 billion chipmaking facility.

Located at 313 West 17th Street in downtown Austin near the State Capital and the University of Texas at Austin, The Linden Residences is a 28-story luxury condominium project that will offer 117 one- to three-bedroom units, 5,196 square feet of ground floor retail and 251 parking spaces. The amenity rich units have been substantially sold to date.

Newmark Executive Managing Director David Douvadjian, Senior Managing Director, Brian Butler, and Director, David Douvadjian, Jr., served as advisors to Madison Realty Capital in the deal.

About Madison Realty Capital

Madison Realty Capital is a New York City based real estate private equity firm focused on debt and equity investment strategies with regional offices in key markets including Los Angeles and Dallas. Founded in 2004, MRC has closed on approximately $14 billion of transactions in the multifamily, retail, office, industrial and hotel sectors nationwide. The firm manages investments in the United States on behalf of a global investor base. MRC is a fully integrated firm with over 60 employees across all real estate investment, development, and property management disciplines. Among other industry recognitions, MRC has been named to the Commercial Observer’s prestigious “Power 100” list of New York City real estate players and is consistently cited as one of the industry’s top construction lenders. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.


Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170
[email protected]

Coca-Cola, Bureau Veritas to Take the Lead for the 2021 Africa Edition of Break to Ceiling Touch the Sky(R) Leadership, Diversity & Inclusion Forum on July 7, 2021

CAPE TOWN, South Africa, June 8, 2021 /PRNewswire/ — House of Rose Professional Pte. Ltd today announced that Coca-Cola and Bureau Veritas will lead as core sponsors for the 2021 Africa Edition of Break the ceiling touch the sky® – the success and leadership summit for women which would be held as a virtual summit on July 7, 2021. The summit will enable participating organizations to learn […] read more

O impacto da ciência para criar um movimento; o estudo de caso da Fooditive, pioneira em ingredientes reutilizados à base de plantas

Produtos Fooditive ROTERDÃ, June 08, 2021 (GLOBE NEWSWIRE) — O ano desafiador de 2020 viu o florescimento do fabricante de ingredientes à base de plantas Fooditive BV, uma empresa holandesa que revolucionou a alimentação saudável. Por meio da reutilização de bioprodutos de frutas e legumes de terceira classe em produtos 100% naturais, a empresa criou […] read more

L’impact de la science sur la création d’un mouvement ; le cas de Fooditive, pionnière des ingrédients végétaux revalorisés

Produits Fooditive ROTTERDAM, 08 juin 2021 (GLOBE NEWSWIRE) — La difficile année 2020 a vu fleurir le fabricant d’ingrédients végétaux Fooditive BV, une société néerlandaise déterminée à révolutionner l’alimentation saine. Par la revalorisation des flux secondaires et de troisième classe des fruits et légumes en les intégrant dans des produits 100 % naturels, elle a créé […] read more

Inspiring Women’s Healthcare: Mindray Unveils Nuewa I9, a New OB/GYN Diagnostic Ultrasound System

SHENZHEN, China, June 8, 2021 /PRNewswire/ — Mindray (SZSE: 300760), a global leading developer and provider of medical devices and solutions, has introduced the Nuewa I9, its latest cart-based ultrasound system and tailored solution for Obstetrics and Gynecology (OB/GYN). Committed to inspiring women’s healthcare, Mindray’s Nuewa I9 elevates scanning capacity to new levels by combining innovative […] read more

Huawei lance une gamme complète de solutions d’alimentation hors réseau pour éliminer l’énergie combustible

SHANGHAI, 8 juin 2021 /PRNewswire/ — Lors de l’exposition SNEC Shanghai, Peng Jianhua, président de Site Power Facility, Huawei Digital Power Technologies Co., Ltd, a présenté la série complète de solutions hors réseau pour éliminer l’énergie combustible, iPowerCube, devant un public international. Servant de source d’alimentation globale dans tous les scénarios, les solutions fournissent une énergie rentable, verte et fiable adaptée à la vie quotidienne et […] read more

Davido, King Of Afro beats, Ask 2 Million Fans To Support His Davido Live! Global Unity Concert Sponsored ByShrucoin Cryptocurrency on June 18th

Portions of the proceeds from the global concert will support waterholes in Africa; The concert will livestream only on GFNTV.com HOUSTON, TX / ACCESSWIRE / June 8, 2021 / Shrucoin, Inc. The shrucoin cryptocurrency company today announced that Davido, the Nigerian entertainer, known as the king of afrobeats has challenged 2 million of his nearly […] read more