Parse Capital Announces Closing of a $12.3 Million of Preferred Equity In Santa Clara, California Multifamily Development

March 31, 2015 – Parse Capital (“Parse”) in partnership with a premier sponsor, announced today the proposed ground-up development of Villas on the Boulevard (“Project”), a 186-unit multifamily project in Santa Clara, California. The partnership plans to develop the Class “A” luxury multifamily development and is scheduled to be leasing up in the fall of 2016. Parse Capital provided a $12.3 million preferred investment to fund the development of the apartment community, which totaled approximately $75.0 million.