PARSE CAPITAL CLOSES $8.5 MILLION PREFERRED EQUITY INVESTMENT IN CLARKSBURG, MARYLAND MULTIFAMILY DEVELOPMENT

November 12, 2018 – Parse Capital (“Parse”) announced the closing of a $8.5 million preferred equity investment in the development of Flats at Cabin Branch (“Project”), a luxury apartment project in Clarksburg, Maryland. The two building, five-story mid-rise development will feature 272 luxury units, 68 of which will be affordable.