News

PARSE CAPITAL CLOSES $12.1 MILLION JOINT VENTURE EQUITY INVESTMENT IN LYNNWOOD, WASHINGTON MULTIFAMILY DEVELOPMENT

March 2016 – Parse Capital (“Parse”) has made a $12.1 million joint venture equity investment in the development of Lynnwood City Center (“Project”), a senior apartment project in Lynnwood, Washington. Once complete, the project will include a five-story mid-rise consisting of 308 units.

Parse Capital Makes $13.5 Million Preferred Equity Investment in San Antonio, Texas Multifamily Development

November 2015 – Parse Capital (“Parse”) has made a $13.5 million preferred equity investment in the development of Ridgeview at the Rim (“Project”), a luxury podium apartment project in The Village at The Rim Masterplan (“RIM PD”), northwest of downtown San Antonio, Texas. Once complete, project will consist of 310 luxury rental units in a seven-story podium multifamily housing community.

Parse Capital Closes $14.1 Million Preferred Equity Investment in Harrison, New Jersey Multifamily Development

October 2015 – Parse Capital (“Parse”) today announced the closing of a $14.1 million preferred equity investment in the development of Riverbend – Block E (“Project”), a luxury apartment project in Harrison, New Jersey. Once developed, the project will consist of 286 units in a five-story wrap multifamily housing community.


Parse Capital Closes $7.0 Million Preferred Equity Investment in Thornton, Colorado Multifamily Development

September 2015 -Parse Capital (“Parse”) today announced the firm closed a $7.0 million preferred equity investment that will be used to partially fund the ground-up development of The Ridge at Thornton (“Project”), a 3 story, Class A, garden project, consisting of 280 residential apartments.


Parse Capital Closes $28.3 Million Preferred Equity Investment In Chicago, Illinois Multifamily Development

July 2015 – Parse Capital (“Parse”) today announced the closing of a $28.3 million preferred equity investment that will be used to partially fund the ground-up development of Exhibit on Superior (“Project”), a mixed-use luxury apartment project in Chicago, Illinois. Once developed, the project will consist of a 34 story, Class A mixed-use high rise, consisting of 298 residential apartments; including studios and one- to three-bedroom residences with condo quality finishes.


PARSE CAPITAL MAKES $5.0 MILLION STRETCH SENIOR DEBT INVESTMENT IN TEMPE, ARIZONA MULTIFAMILY AQUISITION

April 2015 – Parse Capital (“Parse”) has made a $5.0 million stretch senior debt investment in the acquisition and rehabilitation of Alchemy – Palm Terrace Apartments (“Project”), a luxury apartment project in Tempe, Arizona. Once complete, the project will include three, two-story garden style residential buildings consisting of 44 market-rate units.

Parse Capital Announces Closing of a $12.3 Million of Preferred Equity In Santa Clara, California Multifamily Development

March 2015 – Parse Capital (“Parse”) in partnership with a premier sponsor, announced today the proposed ground-up development of Villas on the Boulevard (“Project”), a luxury apartment project in Santa Clara, California. Once developed, the four-story podium will consist of 186 units.

PARSE CAPITAL INVESTS $2.3 MILLION OF STRETCH SENIOR DEBT IN PHOENIX, ARIZONA MULTIFAMILY ACQUISITION

March 2015 – Parse Capital (“Parse”) announced the closing of a $2.3 million stretch senior debt investment in the acquisition and rehabilitation of Alchemy – Fairmount Apartments (“Project”), a luxury apartment project in Phoenix, Arizona. Once complete, the project will include ten, one-story garden style residential buildings featuring 26 market-rate units.

Parse Capital Makes $37.7 Million Preferred Equity Investment In Anaheim, California Multifamily Development

December 2014 – Parse Capital (“Parse”) in partnership with a premier sponsor, announced today the proposed ground-up development of Jefferson Platinum Triangle (“Project”), a luxury market-rate apartment project located in Anaheim, California. The four building, four-story podium development will feature 400 luxury units.

PARSE CAPITAL ANNOUNCES CLOSING OF A $7.3 MILLION MEZZANINE INVESTMENT IN HOUSTON, TEXAS MULTIFAMILY DEVELOPMENT

June 2014 – Parse Capital (“Parse”) has made a $7.3 million mezzanine investment in the development of Jefferson Memorial (“Project”), a luxury podium project in Houston, Texas. Once complete, Jefferson Memorial will consist of a single, five-story Class A residential building that will contain 198 market-rate rental units consisting of one and two bedroom units.