Parse Capital Makes $70.3 Million Mezzanine Investment in Washington, D.C. Multifamily Development

May 2017 – Parse Capital (“Parse”) has made a $70.3 million mezzanine investment in the development of Portals Residential Phase V Building (“Project”), a luxury apartment project in Washington, D.C. Once developed, the project will consist of 373 luxury rental units in a thirteen-story high-rise multifamily housing community.