PARSE CAPITAL MAKES $15.3 MILLION PREFERRED EQUITY INVESTMENT IN SACRAMENTO, CALIFORNIA MULTIFAMILY DEVELOPMENT

NOVEMBER 2020 – Parse Capital (“Parse”) has made a $15.3 million preferred equity investment in the development of 805 Riverfront Street (“Project”), a luxury apartment project in Sacramento, California. Once complete, the project will consist of 285 market-rate apartment homes in a five-story wrap style multifamily housing community.