Parse Capital Makes $25.7 Million Preferred Equity Investment in Atlanta, Georgia Multifamily Development

September 11, 2018 – Parse Capital (“Parse”) has made a $25.7 million preferred equity investment in Generation Atlanta (“Project”), a luxury apartment project in Atlanta, Georgia.

Once complete, the project will consist of 336 market-rate apartment homes in a seventeen-story high-rise multifamily housing community. Project construction commenced in June 2018 and is expected to be completed in the latter half of 2020.

Parse’s investment was part of a larger financing package, which also included a first mortgage loan provided by Santander Bank and Citizens Bank, and a significant equity investment made by the sponsor.