PARSE CAPITAL MAKES $13.8 MILLION PARTICIPATING PREFERRED EQUITY INVESTMENT IN NORTH ANDOVER, MASSACHUSETTS MULTIFAMILY DEVELOPMENT

June 2018 – Parse Capital (“Parse”) has made a $13.8 million participating preferred 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 garden style multifamily housing community.