News

PARSE CAPITAL MAKES $13.8 MILLION HYBRID JOINT VENTURE EQUITY INVESTMENT IN NORTH ANDOVER, MASSACHUSETTS MULTIFAMILY DEVELOPMENT

June 2, 2018 – Parse Capital (“Parse”) has made a $13.8 million hybrid joint venture equity investment in the development of North Andover (“Project”), a luxury apartment project in North Andover, Massachusetts.

Once developed, the Project will consist of 192 market-rate rental units in a four-story low-rise multifamily housing community.

Parse Capital Makes $16.7 Million Preferred Equity Investment in Grapevine, Texas Multifamily Development

April 23, 2018 – Parse Capital (“Parse”) has made a $16.7 million preferred equity investment in Jefferson Silverlake (“Project”), a luxury apartment development in Grapevine, Texas.

Once developed, the project will consist of 371 market-rate apartment homes in a four-story podium multifamily housing community. Project construction commenced in January 2018 and is expected to be completed in the early part of 2020.

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


PARSE CAPITAL MAKES $22.1 MILLION PREFERRED EQUITY INVESTMENT IN SACRAMENTO, CALIFORNIA MULTIFAMILY DEVELOPMENT

April 19, 2018 – Parse Capital (“Parse”) has made a $22.1 million preferred equity investment in The Press Building (“Project”), a luxury apartment project in Sacramento, California.

Once developed, the project will consist of 277 market-rate apartment homes in a five-story podium multifamily housing community.

PARSE CAPITAL CLOSES $11.3 MILLION PREFERRED EQUITY INVESTMENT IN DALLAS, TEXAS MULTIFAMILY DEVELOPMENT

March 30, 2018 – Parse Capital (“Parse”) has made a $11.3 million preferred equity investment in the development of Bishop North (“Project”), a luxury podium apartment project in Dallas, Texas.

Once complete, Bishop North will consist of a single, four-story Class A residential building that will contain 247 units consisting of studio, one and two bedroom units.

Parse Capital Makes $14.5 Million Preferred Equity Investment in King of Prussia, Pennsylvania Multifamily Development

March 9, 2018 – Parse Capital (“Parse”) has made a $14.5 million preferred equity investment in the development of 750 Moore Road (“Project”), a luxury apartment project in King of Prussia, Pennsylvania.

Once developed, the project will consist of 248 market-rate rental units in a five-story podium multifamily housing community. Project construction commenced in January 2018 and is expected to be completed in early-2020.

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


PARSE CAPITAL MAKES $18.2 MILLION JOINT VENTURE EQUITY INVESTMENT IN FALLS CHURCH, VIRGINIA MULTIFAMILY DEVELOPMENT

August 31, 2017 – Parse Capital (“Parse”) has made a $18.2 million joint venture equity investment in the adaptive reuse of Novus E-Lofts (“Project”), a luxury apartment project in Falls Church, Virginia.

Once improved, Novus E-Lofts will consist of 156 luxury rental units in a ten-story high-rise multifamily housing community.

PARSE CAPITAL MAKES $12.0 MILLION PREFERRED EQUITY INVESTMENT IN RIVERSIDE, CALIFORNIA MULTIFAMILY DEVELOPMENT

July 25, 2017 – Parse Capital (“Parse”) has made a $12.0 million preferred equity investment in the development of Mission Lofts (“Project”), a luxury apartment project in Riverside, California.

Once developed, the project will consist of 212 luxury rental units in a two building, four-story low-rise multifamily community.

PARSE CAPITAL CLOSES $6.1 MILLION JOINT VENTURE EQUITY INVESTMENT IN BOTHELL, WASHINGTON MULTIFAMILY DEVELOPMENT

March 13, 2017 -Parse Capital (“Parse”) announced the firm closed a $6.1 million joint venture equity investment in the development of Boulevard Place (“Project”), a senior apartment community in Bothell, Washington. Once developed, the seven-story podium development will consist of 291 units.

PARSE CAPITAL MAKES $14.0 MILLION PREFERRED EQUITY INVESTMENT IN KANSAS CITY, MISSOURI MULTIFAMILY DEVELOPMENT

November 23, 2016 – Parse Capital (“Parse”) closed a $14.0 million preferred equity investment in Union at Berkley Park (“Project”), a luxury market-rate apartment project located in Kansas City.

The project will consist of 410 market-rate rental units in a four-story wrap multifamily housing community.

PARSE CAPITAL INVESTS $13.5 MILLION OF PREFERRED EQUITY IN BOSTON, MASSACHUSETTS MULTIFAMILY DEVELOPMENT

March 28, 2016 – Parse Capital (“Parse”) has made a $13.5 million preferred equity investment in The Serenity (“Project”), a luxury apartment project in Boston, Massachusetts.

Once complete, the project will consist of 195 market-rate apartment homes in a thirteen-story high-rise multifamily housing community.