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

March 8, 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.