PHASE I FUNDED & COMPLETED

Phase I of 625 at Prairie View is no longer an active investment offering. It is a completed Pioneer Realty Capital development that moved from an identified student housing need to a functioning residential community serving students near campus.

625 at Prairie View: Phase I Project Overview

625 AT PRAIRIE VIEW

Completed Student Housing Development

PHASE I: FROM NEED TO DELIVERY

Phase I delivered 120 apartments and 168 beds, completed in July 2022 and opened in August 2022. Within weeks, the community reached 100% occupancy and developed a waiting list of more than 150 students. The results demonstrated strong demand for well-located, quality housing near Prairie View A&M University.

THE PUBLIC-PRIVATE PARTNERSHIP MODEL

Public universities are often expected to serve growing student populations while managing limited housing capacity and competing public priorities. By bringing together private capital, development expertise, and disciplined execution, Pioneer Realty Capital helped deliver purpose-built housing near campus—reducing pressure on the university to solve the entire housing challenge on its own.

625 at Prairie View demonstrates how aligned public-private partnerships can create value beyond the building itself. Students gain access to quality housing, the university gains additional housing capacity, and the surrounding community benefits from investment directed toward a clearly identified need.

A SIGNIFICANT FINANCING MILESTONE

Following the successful delivery and lease-up of Phase I, Pioneer Realty Capital announced the successful closing of a $19.58 million taxable bond refinance for 625 at Prairie View. The transaction marked an important institutional financing milestone and further demonstrated the project’s significance in the student housing market.

PIONEER REALTY CAPITAL: BUILDING VALUE SINCE 2003

MANAGER/SPONSOR

Charles Williams, Founder and Managing Member of Pioneer Realty Capital, has advised clients and partners on more than $2 billion in commercial real estate transactions. Since 2003, PRC has combined capital markets expertise, development experience, and a commitment to projects that create measurable value for investors, residents, universities, and communities.

Based in Arlington, Texas, Pioneer Realty Capital structures financing, develops commercial real estate, and creates investment opportunities backed by thoroughly evaluated projects. Our work in student housing and public-private partnerships is designed to align private capital with essential community needs.

Completed developments like Phase I at 625 at Prairie View demonstrate PRC’s ability to take a real need from concept to execution. To learn about the next opportunity, call J.C. Shelley, Vice President of Investor Relations, at (817) 285-2542 or view current investment opportunities.

WHY THIS PROJECT MATTERED

• Added 120 purpose-built apartments and 168 beds near Prairie View A&M University.
• Helped address a demonstrated shortage of quality student housing.
• Reached 100% occupancy shortly after opening with a waiting list of more than 150 students.
• Provided furnished one- and two-bedroom apartments with washer and dryer amenities.
• Demonstrated how private development can support a public university’s housing needs.

Phase I is a concrete example of what can happen when experienced real estate professionals, private investors, and public-sector partners align around a clearly defined need. The project delivered housing where it was needed and helped reduce the university’s responsibility to carry the entire housing challenge on its own.