https://www.ternstoneholdings.com/home daily 1.0 2026-05-14 https://images.squarespace-cdn.com/content/v1/6980af0e05da047c3307b80f/1771611499573-5FJFKB4RBZHD1H5QR1MH/2-web-or-mls-2-web-or-mls-2-web-or-mls-untitled-5.jpg Ternstone Holdings | Real Estate Development & Investment Firm - THE NOVUS https://images.squarespace-cdn.com/content/v1/6980af0e05da047c3307b80f/1770653812842-Z50126H1R8ELDA0EJELF/unscripted-durham.jpg Ternstone Holdings | Real Estate Development & Investment Firm - UNSCRIPTED https://images.squarespace-cdn.com/content/v1/6980af0e05da047c3307b80f/1770653812778-6743RH1T9H87R0CEK0AH/500%2BW%2BMorgan.jpg Ternstone Holdings | Real Estate Development & Investment Firm - 500 W MORGAN ST https://images.squarespace-cdn.com/content/v1/6980af0e05da047c3307b80f/1770653812794-C9X14U2Z3WP39UAWVN14/115NDuke13.jpeg Ternstone Holdings | Real Estate Development & Investment Firm - 115 N DUKE ST https://images.squarespace-cdn.com/content/v1/6980af0e05da047c3307b80f/1770653812808-5G2S9QTKUPOGHQVPAIYR/121%2BHunt%2BSt%2BDurham%2BNC%2B27701-large-062-057-Drone-1500x1000-72dpi.jpg Ternstone Holdings | Real Estate Development & Investment Firm - 121 HUNT ST https://images.squarespace-cdn.com/content/v1/6980af0e05da047c3307b80f/1770653812901-QI40FB2PH86UKY7SOXZK/DSC07358-Edit.jpg Ternstone Holdings | Real Estate Development & Investment Firm - Zach Prager FOUNDER | MANAGING PARTNER Zach Prager is the Founder and Managing Principal of Ternstone Holdings, a North Carolina‑based real estate development and investment firm focused on multifamily and mixed‑use projects. At Ternstone, Zach leads the firm’s investment strategy, capital formation, site acquisition, underwriting, and overall project execution. His approach blends disciplined financial analysis with a commitment to creating thoughtful, enduring projects. Before establishing Ternstone, Zach served as Director of Investments and Partner at Austin Lawrence Partners–East, where he oversaw fundraising, investor relations, and the sourcing and evaluation of new acquisition opportunities. He began his career at Citigroup in New York, working in high‑yield and structured credit, experience that informs his analytical orientation and risk‑management philosophy. Zach is a graduate of Duke University, where he studied psychology and earned a certificate in markets and management studies. He remains actively engaged in the Durham community, serving on the boards of the Durham Children’s Initiative and the Duke Triangle Alumni Association.