Parse Capital Announces Closing of a $12.3 Million Preferred Equity Investment In Scottsdale, Arizona Multifamily Development
January 2014 – Parse Capital (“Parse”) announces the closing of a $12.3 million preferred equity investment in an entity that is developing Optima Sonoran Village – Phase II (“Project”), the second of three phases that, upon completion, will constitute a Class “A” luxury multifamily development located in Scottsdale, Arizona. Once complete, the project will consist of 394 luxury rental units in a eleven-story high-rise multifamily housing community.
Parse Capital Announces Closing of a $8.9 Million Mezzanine Investment In Pomona, California Multifamily Development
July 2013 – Parse Capital (“Parse”) announces the closing of a $8.9 million mezzanine investment in the development of Monterey Station (“Project”), a luxury apartment project in Pomona, California. Once complete, the project will consist of 349 market-rate apartment homes in a four-story low-rise multifamily housing community.