/

|

Parse Capital is investing equity in Casona, a 305-unit, Class A multifamily community in Grand Prairie, Texas. Pivot Residential and Novu Residential Group are developing the project.

The size of the investment could not immediately be learned. Berkadia arranged the deal on behalf of Pivot and Novu, which plan to break ground on the Dallas-area development this month. The project is slated to be completed by spring 2027. Cody Kirkpatrick, Noam Franklin and Chinmay Bhatt of Berkadia JV Equity & Structured Capital sourced the equity from Parse Capital, a Scottsdale, Ariz.-based institutional investment firm focused exclusively on the residential housing sector.