PARSE CAPITAL CLOSES $21.7 MILLION PREFERRED EQUITY INVESTMENT IN SUNNYVALE, CALIFORNIA MULTIFAMILY DEVELOPMENT

October 26, 2018 -Parse Capital (“Parse”) announced the firm closed a $21.7 million preferred equity investment in the development of Lawrence Station (“Project”), a luxury apartment project in Sunnyvale, California. The seven-story mid-rise development will feature 251 luxury units, of which 46 units will be affordable.