PARSE CAPITAL CLOSES A $29.1 MILLION PREFERRED EQUITY INVESTMENT TO FUND CLASS “A” MULTIFAMILY DEVELOPMENT IN RESTON, VIRGINIA

February 23, 2018 – Parse Capital (“Parse”) announced today the proposed ground-up development of a Faraday Park (“Project”), a luxury apartment project in Reston, Virginia. The partnership plans to develop a two building, seven-story wrap that will contain 407 luxury apartments, 51 of which will be affordable. Parse Capital provided a $29.1 million preferred investment to fund the development.