News

Parse Capital makes $7.4 million preferred equity investment in Chicago, IL multifamily development

February 2021 – Parse Capital (“Parse”) has made a $7.4 million preferred equity investment in the development of a multifamily asset within the River West submarket of Chicago, IL. Once complete, the project will include an eight-story podium residential building with 81% market rate units and 1.4k square feet of retail.

Parse Capital makes $14.0 million preferred equity investment in Shoreline, WA multifamily development

January 2021 – Parse Capital (“Parse”) has made a $14.0 million preferred equity investment in the development of a multfamily asset within the Shoreline submarket of Seattle, WA. Once complete, the project will include a six-story podium residential building with 80% market rate units.

Parse Capital makes $18.5 million joint venture equity investment in Longwood, FL multifamily development

January 2021 – Parse Capital (“Parse”) has made a $18.5 million joint venture equity investment in the development of a multifamily asset within the Longwood submarket of Orlando, FL. Once complete, the project will include three, four and five-story low-rise residential buildings with 100% market rate units.

Parse Capital makes $12.7 million preferred equity investment in Denver, CO multifamily development

December 2020 – Parse Capital (“Parse”) has made a $12.7 million preferred equity investment in the development of a multifamily asset within the Gateway submarket of Denver, CO. Once complete, the project will include six, four-story garden residential buildings with 100% market rate units.

PARSE CAPITAL MAKES $18.7 MILLION PREFERRED EQUITY INVESTMENT IN BOSTON, MASSACHUSETTS MULTIFAMILY DEVELOPMENT

December 4, 2020 – Parse Capital (“Parse”) has made a $18.7 million preferred equity investment in the development of Residences at 1550 Soldiers Field Road (“Project”), a luxury apartment project in Boston, Massachusetts. Once complete, the project will include a six-story podium residential building consisting of 210 market-rate units.

PARSE CAPITAL INVESTS $12.5 MILLION OF PREFERRED EQUITY IN PALM BAY, FLORIDA MULTIFAMILY DEVELOPMENT

November 2020 – Parse Capital (“Parse”) announced the closing of a $12.5 million preferred equity investment in the development of West Shore Apartments (“Project”), a luxury apartment project in Palm Bay, Florida. Once complete, the project will include four, four-story low-rise residential buildings featuring 248 market-rate units.

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.

PARSE CAPITAL INVESTS $17.3 MILLION OF MEZZANINE DEBT IN RENO, NEVADA MULTIFAMILY DEVELOPMENT

SEPTEMBER 2020 – Parse Capital (“Parse”) has made a $17.3 million mezzanine debt investment in Integra Peaks at Damonte Ranch (“Project”), a luxury apartment project in Reno, Nevada. Once complete, the project will consist of 300 market-rate apartment homes in a three-story garden style multifamily housing community.

PARSE CAPITAL MAKES $7.8 MILLION PREFERRED EQUITY INVESTMENT IN MCDONOUGH, GEORGIA MULTIFAMILY DEVELOPMENT

JULY 2020 – Parse Capital (“Parse”) has made a $7.8 million preferred equity investment in Columns at South Point (“Project”), a luxury apartment project in McDonough, Georgia. Once complete, the project will consist of 260 market-rate apartment homes in a three-story garden style multifamily housing community.

PARSE CAPITAL MAKES $10.8 MILLION PREFERRED EQUITY INVESTMENT IN DURHAM, NORTH CAROLINA MULTIFAMILY PRE-STABILIZED ACQUISITION

JULY 2020 – Parse Capital (“Parse”) closed a $10.8 million preferred equity investment in Broadstone Durham (“Project”), a luxury market-rate apartment project located in Durham, North Carolina. The project consists of 342 market-rate rental units in a five-story wrap multifamily housing community.