Parse Capital makes $17.0 million participating preferred equity investment in Asheville, NC multifamily development

September 2023 – Parse Capital (“Parse”) has made a $17.0 million participating preferred equity investment in the development of a multifamily asset within the North/West Buncombe County submarket of Asheville, NC. Once complete, the project will include nine, three-story garden residential buildings with 100% market rate units.