PARSE CAPITAL ANNOUNCES CLOSING OF A $7.3 MILLION MEZZANINE INVESTMENT IN HOUSTON, TEXAS MULTIFAMILY DEVELOPMENT

June 2014 – Parse Capital (“Parse”) has made a $7.3 million mezzanine investment in the development of Jefferson Memorial (“Project”), a luxury podium project in Houston, Texas. Once complete, Jefferson Memorial will consist of a single, five-story Class A residential building that will contain 198 market-rate rental units consisting of one and two bedroom units.