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Azure Apartments

Santa Maria, CA

318 Units

Built in 2020


Investment Highlights

  • Luxury Product with State-Of-The-Art Unit Finishes: Azure's focus on high-quality design has created a residential experience that is unmatched by other apartment communities in Santa Maria.
  • Unrivaled Amenity Package: Azure features market-leading communal spaces that create the ultimate renter experience.
  • The Largest and Fastest Growing City in Santa Barbara County: Santa Maria has experienced remarkable growth in recent years and is projected to continue growing moving forward.
  • Robust Job Market: Santa Maria boasts a robust job market that has been a driving force behind its economic vitality. The City has garnered attention from aerospace and technology companies given the City's proximity to Vandenberg Space Force Base and the increasing enthusiasm and focus towards commercial space exploration. Commercial companies such as SpaceX, Blue Origin, Virgin Galactic, and Firefly continue to launch from Vandenberg and are bringing high salary permanent positions to the Sant
  • Strong Multifamily Fundamentals: Santa Maria is in the midst of a dynamic growth period with surging housing demand. The submarket has experienced double digit rent growth over the last 24 months while maintaining 96%+ occupancy.

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