PARSE CAPITAL MAKES $18.2 MILLION JOINT VENTURE EQUITY INVESTMENT IN FALLS CHURCH, VIRGINIA MULTIFAMILY DEVELOPMENT

August 2017 – Parse Capital (“Parse”) has made a $18.2 million joint venture equity investment in the adaptive reuse of Novus E-Lofts (“Project”), a luxury apartment project in Falls Church, Virginia. Once improved, Novus E-Lofts will consist of 156 luxury rental units in a ten-story high-rise multifamily housing community.