PARSE CAPITAL MAKES $13.8 MILLION HYBRID JOINT VENTURE EQUITY INVESTMENT IN NORTH ANDOVER, MASSACHUSETTS MULTIFAMILY DEVELOPMENT

June 2, 2018 – Parse Capital (“Parse”) has made a $13.8 million hybrid joint venture equity investment in the development of North Andover (“Project”), a luxury apartment project in North Andover, Massachusetts.

Once developed, the Project will consist of 192 market-rate rental units in a four-story low-rise multifamily housing community.