PARSE CAPITAL MAKES $10.8 MILLION PREFERRED EQUITY INVESTMENT IN DURHAM, NORTH CAROLINA MULTIFAMILY PRE-STABILIZED ACQUISITION

JULY 2020 – Parse Capital (“Parse”) closed a $10.8 million preferred equity investment in Broadstone Durham (“Project”), a luxury market-rate apartment project located in Durham, North Carolina. The project consists of 342 market-rate rental units in a five-story wrap multifamily housing community.