News

PARSE CAPITAL MAKES $14.0 MILLION PREFERRED EQUITY INVESTMENT IN HARRISON, NEW JERSEY MULTIFAMILY DEVELOPMENT

October 5, 2019 – Parse Capital (“Parse”) has made a $14.0 million preferred equity investment in the development of Benjamin Harrison (“Project”), a luxury apartment project in Harrison, New Jersey.

Once complete, the project will consist of 310 market-rate rental units in a five-story wrap multifamily community.

PARSE CAPITAL CLOSES A $10.3 MILLION MEZZANINE INVESTMENT IN LONGMONT, COLORADO MULTIFAMILY DEVELOPMENT

June 14, 2019 – Parse Capital (“Parse”) has made a $10.3 million mezzanine investment in the development of Farm Haus (“Project”), a luxury apartment project in Longmont, Colorado.

Once developed, the project will include eight, four-story garden style residential buildings consisting of 280 market-rate units.

PARSE CAPITAL INVESTS $14.3 MILLION OF PREFERRED EQUITY IN KISSIMMEE, FLORIDA MULTIFAMILY DEVELOPMENT

April 26, 2019 – Parse Capital (“Parse”) has made a $14.3 million preferred equity investment in Amber Pointe (“Project”), a luxury apartment project in Kissimmee, FL.

Once developed, the project will consist of 315 market-rate apartment homes in a four-story low-rise multifamily housing community. Project construction commenced in Spring 2019 and is expected to be completed in the Fall of 2021.

Parse’s investment was part of a larger financing package, which also included a first mortgage loan provided by PNC Bank, and a significant equity investment made by the sponsor and their partners.

PARSE CAPITAL CLOSES A $29.1 MILLION PREFERRED EQUITY INVESTMENT TO FUND CLASS “A” MULTIFAMILY DEVELOPMENT IN RESTON, VIRGINIA

February 23, 2018 – Parse Capital (“Parse”) announced today the proposed ground-up development of a Faraday Park (“Project”), a luxury apartment project in Reston, Virginia. The partnership plans to develop a two building, seven-story wrap that will contain 407 luxury apartments, 51 of which will be affordable. Parse Capital provided a $29.1 million preferred investment to fund the development.

Parse Capital Invests $17.4 Million of Preferred Equity in Exton, Pennsylvania Multifamily Development

January 8, 2019 – Parse Capital (“Parse”) has made a $17.4 million preferred equity investment in  Parkview at Oaklands, a luxury apartment project in Exton, Pennsylvania.

Once complete, the project will consist of 291 market-rate apartment homes in a four-story low-rise multifamily housing community. Project construction commenced in August 2018 and is expected to be completed in the Summer of 2020.

Parse’s investment was part of a larger financing package, which also included a first mortgage loan provided by Citizens Bank, and a significant equity investment made by the sponsor and their partners.

Parse Capital Makes $8.5 Million Preferred Equity Investment in New Haven, Connecticut Multifamily Development

December 13, 2018 – Parse Capital (“Parse”) closed a $8.5 million preferred equity investment in Audubon Square (“Project”), a luxury mixed-use apartment project located within the increasingly dynamic downtown neighborhood of New Haven, CT.

The project will consist of 269 market-rate rental units in a seven-story wrap multi-family housing community. Project construction commenced in February 2018 and is expected to be completed by the end of 2019. Upon completion, residents will have access to excellent mass transit connections, world class educational and health care institutions and numerous cultural, dining, entertainment and recreational opportunities all located within a short walk of the project.

Parse’s investment was part of a larger financing package which included a first mortgage loan provided by M&T Bank.

PARSE CAPITAL CLOSES $4.9 MILLION JOINT VENTURE EQUITY INVESTMENT IN BELLEVUE, WASHINGTON MULTIFAMILY DEVELOPMENT

November 12, 2018 – Parse Capital (“Parse”) announced the closing of a $4.9 million joint venture equity investment in the development of Crossroads (“Project”), a senior apartment community in Bellevue, Washington. Once developed, the project will include a five-story podium residential building consisting of 185 units.

PARSE CAPITAL CLOSES $8.5 MILLION PREFERRED EQUITY INVESTMENT IN CLARKSBURG, MARYLAND MULTIFAMILY DEVELOPMENT

November 12, 2018 – Parse Capital (“Parse”) announced the closing of a $8.5 million preferred equity investment in the development of Flats at Cabin Branch (“Project”), a luxury apartment project in Clarksburg, Maryland. The two building, five-story mid-rise development will feature 272 luxury units, 68 of which will be affordable.

PARSE CAPITAL CLOSES $21.7 MILLION PREFERRED EQUITY INVESTMENT IN SUNNYVALE, CALIFORNIA MULTIFAMILY DEVELOPMENT

October 26, 2018 -Parse Capital (“Parse”) announced the firm closed a $21.7 million preferred equity investment in the development of Lawrence Station (“Project”), a luxury apartment project in Sunnyvale, California. The seven-story mid-rise development will feature 251 luxury units, of which 46 units will be affordable.

Parse Capital Makes $25.7 Million Preferred Equity Investment in Atlanta, Georgia Multifamily Development

September 11, 2018 – Parse Capital (“Parse”) has made a $25.7 million preferred equity investment in Generation Atlanta (“Project”), a luxury apartment project in Atlanta, Georgia.

Once complete, the project will consist of 336 market-rate apartment homes in a seventeen-story high-rise multifamily housing community. Project construction commenced in June 2018 and is expected to be completed in the latter half of 2020.

Parse’s investment was part of a larger financing package, which also included a first mortgage loan provided by Santander Bank and Citizens Bank, and a significant equity investment made by the sponsor.