PARSE CAPITAL MAKES $12.0 MILLION PREFERRED EQUITY INVESTMENT IN RIVERSIDE, CALIFORNIA MULTIFAMILY DEVELOPMENT

July 25, 2017 – Parse Capital (“Parse”) has made a $12.0 million preferred equity investment in the development of Mission Lofts (“Project”), a luxury apartment project in Riverside, California.

Once developed, the project will consist of 212 luxury rental units in a two building, four-story low-rise multifamily community.