Presley Uptown

Charlotte, NC

Acquired September 2019

At a Glance

Presley Uptown is a 230-unit, Class A apartment community in Charlotte, North Carolina, one of the fastest growing markets in the country.

Investment Rationale

  • Charlotte has a strong economic forecast, with employment growth of nearly 3 percent a year since 2011 compared to 1.7 percent for the U.S. overall. The main employment center of Charlotte is within walking distance of the property including over 100,000 jobs with employers like Microsoft, Bank of America, Wells Fargo, Duke Energy, Barings, Ally Bank and the city's largest hospital campuses.

  • Uptown is one of Charlotte's premier live/work/play neighborhoods, with population growth expected to reach 3.4 percent a year within a three-mile radius of the property, notably surpassing the national average of 0.8 percent. The property is conveniently situated with access to numerous retail and service amenities including the addition of a new Whole Foods within two blocks.

  • Presley Uptown achieved National Green Building Standard Bronze Certification, providing healthier homes, achieving energy and water savings, and promoting sustainable lifestyles. JLL Income Property Trust was recently awarded a three-star rating by GRESB, the leading Environmental, Social and Governance (ESG) benchmark for real estate investments, demonstrating JLL Income Property Trust's commitment to sustainability in the portfolio.

  • Presley Uptown offers a Class A unit finish and amenity package which includes a rooftop deck, saltwater pool, fitness center, dog run, pet spa and private balconies, and is located two blocks from a new Whole Foods grocery store as well as numerous restaurants and retail amenities.

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