Parse Capital Closes $18.9 Million Preferred Equity Investment in Charlotte, North Carolina Multifamily Development

March 2016 – Parse Capital (“Parse”) has made a $18.9 million preferred equity investment in the development of Inspire Southpark (“Project”), a luxury mid-rise apartment project in Charlotte, North Carolina. Once complete, the project will consist of a single, five-story Class A residential building that will contain 367 units with a combination of studios as well as one, two and three bedroom apartments.