PARSE CAPITAL MAKES $14.0 MILLION PREFERRED EQUITY INVESTMENT IN KANSAS CITY, MISSOURI MULTIFAMILY DEVELOPMENT

November 23, 2016 – Parse Capital (“Parse”) closed a $14.0 million preferred equity investment in Union at Berkley Park (“Project”), a luxury market-rate apartment project located in Kansas City.

The project will consist of 410 market-rate rental units in a four-story wrap multifamily housing community.