PARSE CAPITAL INVESTS $12.5 MILLION OF PREFERRED EQUITY IN PALM BAY, FLORIDA MULTIFAMILY DEVELOPMENT

November 2020 – Parse Capital (“Parse”) announced the closing of a $12.5 million preferred equity investment in the development of West Shore Apartments (“Project”), a luxury apartment project in Palm Bay, Florida. Once complete, the project will include four, four-story low-rise residential buildings featuring 248 market-rate units.