Pioneer Realty Capital Secures $19.58M Bond Refinance for 625 at Prairie View

Delivering on Its Vision for Student Housing Excellence

ARLINGTON, TX — August 2025 — In a major win for investors, students, and the Texas higher education housing market, Pioneer Realty Capital, LLC (“PRC”) has announced the successful closing of its first institutional bond transaction: a $19.58 million taxable bond refinance for 625 at Prairie View, a flagship student housing development adjacent to Prairie View A&M University.

This achievement not only strengthens PRC’s position as a leader in mission-driven real estate finance but also serves as proof of the company’s ability to deliver institutional-grade transactions in underserved markets — fulfilling a vision it has built over two decades in the industry.
Full press release available here: Full Press Release

A Milestone in Student Housing Investment

625 at Prairie View is more than a development project; it’s a symbol of PRC’s commitment to aligning private capital with public good. Serving over 160 students in Phase I, the property has already transformed the local student housing landscape. With this bond refinance secured, Phase II is set to add more than 700 beds, directly addressing the growing demand for affordable, quality housing in the Texas A&M University System.

“This was more than a financial transaction,” said Charles Williams, Founder and Managing Member of Pioneer Realty Capital. “This was a fight to protect the integrity of our investors and the future of a purpose-built project that serves students from historically underserved communities.”

Behind the Scenes: Strategic Execution Under Pressure

The path to closing was not without challenges. Regulatory delays, procedural hurdles, and external pressures made this a transaction that required precision, endurance, and steadfast leadership.

Working alongside Morgan Stanley as the bond underwriter, Norton Rose Fulbright as legal counsel, Orrick as bond and trustee counsel, MW Law and Stewart Title for closing support, and Wilmington Trust as trustee, PRC navigated complexity with skill.

Special recognition was given to Osaze Romany of Morgan Stanley for his unwavering commitment to the deal and to PRC team members J.C. Shelley and Joeylene Hunggay, who coordinated investor waivers under intense deadlines. In a final push, Elliot Williams personally delivered lien clearance documents to the Waller County Courthouse the night before closing — a testament to the all-hands-on-deck mentality that defines PRC’s culture.

A Signal to the Market — and to Skeptics

While the transaction strengthens PRC’s asset base, it also sends a clear message to anyone doubting the project’s viability.

“There were moments when it felt like the odds were deliberately stacked against us,” Williams said. “But through discipline, faith, and the collective will of our team, we closed on time, on mission, and with our integrity intact. This is a victory not just for PRC, but for every investor and stakeholder who stood by us.”

The Bigger Story: Pioneer Realty Capital’s Rise

Founded in 2003, Pioneer Realty Capital has grown into one of Texas’s most respected real estate capital markets advisory firms. With over $2 billion in structured real estate finance, the company specializes in public-private partnerships (PPPs), student housing development, and socially impactful projects.

Through its PRC Equity Fund, a Regulation A+ real estate investment fund, PRC opens the door for both accredited and non-accredited investors to participate in institutional-quality real estate deals. This unique structure provides investors with:

• Competitive, risk-adjusted returns
• Monthly dividend distributions
• Equity profit sharing
• Exposure to high-demand sectors like student housing

What sets PRC apart is its focus on underserved university markets, where traditional developers often overlook the need for quality housing. By partnering with universities, municipalities, and nonprofit organizations, PRC creates developments that benefit students, local communities, and investors alike.

Why 625 at Prairie View Matters

The 625 at Prairie View project is strategically located adjacent to Prairie View A&M University, one of the largest historically Black universities in the nation. With enrollment growth projected and student housing demand expected to exceed 60,000 beds by 2030 across Texas, the property is positioned to serve as a model for future developments.

Phase I’s success in attracting and retaining residents has already validated the concept. The $19.58 million bond refinance now sets the stage for Phase II’s 700+ additional beds, which will be developed in partnership with local stakeholders and nonprofit ownership structures.

A Blueprint for Future Growth

Pioneer Realty Capital has built a scalable student-housing system rooted in long-term public-private partnerships with universities and civic partners. This approach lifts the burden of housing development off campuses while delivering institutional-grade housing directly funded and managed by private capital.

With the closing of the $19.58 million bond for 625 at Prairie View—where Phase I achieved 100 % occupancy within weeks and Phase II is set to deliver over 750 new beds—this model now serves as a replication-ready blueprint for campuses nationwide.

• Partnership-first development: We collaborate with universities to design, finance, and build student housing, allowing academic institutions to stay focused on education while we build the homes.
• Institutional precision, boutique agility: Though headquartered in Arlington, TX, our team executes major financings through partners like Morgan Stanley, Norton Rose Fulbright, Orrick, and Wilmington Trust—delivering punctual, mission-aligned capital.
• National reach, local impact: After validating our model at Prairie View, we’re now actively applying it to campuses across the United States—especially public universities and HBCUs facing housing shortages.

To learn how this system can deliver value, commitment, and long-term impact for your university, schedule a conversation today at (800) 982-7422.