$53.5M construction loan and preferred equity arranged for new multifamily development in Monroe

CHARLOTTE, March 5, 2026 –  JLL Capital Markets announced today that it has secured a $42.7 million construction financing and $10.2 million preferred equity for Skyview at Aria, a 338-unit multifamily development project in Monroe, North Carolina.

JLL worked on behalf of the borrower, Aria Communities. The loan was secured through United Bank Inc and Parse Capital, LLC was the preferred equity provider.

Skyview at Aria, located at 3613 W Hwy 74, offers excellent accessibility to Charlotte and surrounding areas through major transportation networks including Interstate 485, U.S. Route 74 and the Monroe Express Bypass. The property is strategically positioned near amenities including Poplin Place Shopping Center, Rolling Hills Country Club, Monroe Crossing Mall and Crooked Creek Park.

Monroe continues to experience significant economic growth, with manufacturing accounting for approximately 20% of Union County's job market and generating $1.0 billion in annual wages. Major corporations including Coca-Cola, Dymax Corporation, Collins Aerospace and Bona U.S. have recently expanded operations in the area, creating strong demand for quality rental housing.

Skyview at Aria features a carefully curated unit mix of 96 one-, 212 two- and 30 three-bedroom apartments across eight three-story buildings on 22 acres. The community will offer upscale interior finishes including GE stainless steel appliances, white quartz countertops, in-unit washers and dryers and private balconies or terraces.

Residents will have access to resort-style amenities including a center courtyard with pool, outdoor kitchen with grills, fitness center, putting green, clubhouse and walking trails. The property provides 664 parking spaces across its 352,988 square feet of rentable space.

JLL Capital Market’s Debt Advisory team was led by Managing Director Taylor Allison, Director Brad Woolard and Associate Ryan Mueller.

"The successful arrangement of financing for Skyview at Aria demonstrates the continued belief in the Charlotte multifamily market," said Allison. "This project's strategic location in Monroe and thoughtful unit mix position it well to serve the growing demand from the area's expanding employment base."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Aria Communities, a vertically integrated multifamily development, construction and management firm based in the Carolinas, plans construction completion by October 2027 with stabilization expected in March 2027. The company has developed approximately 1,500 apartment units across eight communities throughout its history. For further information, visit ariacommunities.com