PGIM Debt Fund Lends on Alexan Stassney Heights Site in South Austin

A debt fund run by PGIM Real Estate is the lender on a deed of trust recorded Oct. 28 against the Alexan Stassney Heights site at 401 Little Texas Lane in South Austin, per Travis County Clerk instrument 2026127502. The borrower is the property’s ownership entity, named in the linked record.

The clerk’s index shows no loan amount for this instrument. Texas deeds of trust are indexed without a dollar figure, so the size of the loan is not public in this record.

Why it matters

PGIM Real Estate is the real estate investment arm of Prudential Financial. A deed of trust makes its debt fund the secured lender on the site, which is platted as Lot 2 of the Alexan Stassney Heights subdivision. The record names only the borrowing entity, not an operating developer, so we do not name one here.

For Austin contractors and brokers, a recorded loan on a platted apartment-branded site is an early signal that work may follow. The next public record to watch is a City of Austin building permit at the address.

The numbers

The Travis Central Appraisal District lists the matching parcel, property ID 532172, at 26.5 acres with a 2026 market value of $87,440,000. That is an appraised value, not a sale price or a loan amount. The deed of trust was filed Oct. 28 under global ID OPR1157857010.

What’s next

No later filing tied to instrument 2026127502 had posted in the Travis County index as of this writing. Any construction would next show up as a City of Austin building permit for 401 Little Texas Lane. For more Austin finance and development filings, see the Austin market page.