PARSE CAPITAL MAKES $14.0 MILLION PREFERRED EQUITY INVESTMENT IN HARRISON, NEW JERSEY MULTIFAMILY DEVELOPMENT

October 5, 2019 – Parse Capital (“Parse”) has made a $14.0 million preferred equity investment in the development of Benjamin Harrison (“Project”), a luxury apartment project in Harrison, New Jersey.

Once complete, the project will consist of 310 market-rate rental units in a five-story wrap multifamily community.