PARSE CAPITAL MAKES $22.1 MILLION PREFERRED EQUITY INVESTMENT IN SACRAMENTO, CALIFORNIA MULTIFAMILY DEVELOPMENT

April 19, 2018 – Parse Capital (“Parse”) has made a $22.1 million preferred equity investment in The Press Building (“Project”), a luxury apartment project in Sacramento, California.

Once developed, the project will consist of 277 market-rate apartment homes in a five-story podium multifamily housing community.