PARSE CAPITAL INVESTS $13.5 MILLION OF PREFERRED EQUITY IN BOSTON, MASSACHUSETTS MULTIFAMILY DEVELOPMENT

March 28, 2016 – Parse Capital (“Parse”) has made a $13.5 million preferred equity investment in The Serenity (“Project”), a luxury apartment project in Boston, Massachusetts.

Once complete, the project will consist of 195 market-rate apartment homes in a thirteen-story high-rise multifamily housing community.