PRC Equity Fund Closes $19.6M Bond, Launches 750-Bed Phase II at PVAMU

ARLINGTON, Texas, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Through its PRC Equity Fund, Pioneer Realty Capital has closed a $19.58 million taxable bond refinance of its flagship project, 625 at Prairie View, unlocking Phase II and enabling the development of 750+ new beds for Prairie View A&M University (PVAMU) students.

As a lean, Arlington-based firm, PRC overcame institutional skepticism and regulatory delays to deliver on the financing scale of larger REITs. The bond closing safeguards long‐term affordability and capital retention—and positions PRC Equity Fund as a proven platform for mission-driven real estate across Texas and beyond.

"At every hurdle we faced—from investor waivers to Waller County courthouse filings—our team remained disciplined and resolute," said Charles Williams, Founder and Managing Member. "This bond closing is more than financial engineering—it's proof that equity may structure the future of student housing in underserved markets."