Parse Capital Makes $9.0 Million Preferred Equity Investment in Pasadena, California Multifamily Development

July 2017 – Parse Capital (“Parse”) has made a $9.0 million preferred equity investment in the development of El Molino (“Project”), a luxury apartment project in Pasadena, California. Once complete, the project will consist of 105 market-rate and affordable rental units in a six-story, mid-rise multifamily housing community.