California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
MBK Rental Living Acquires 14.5 Acres in Santa Maria for New Community
Irvine, CA-based MBK Rental Living acquired a 14.5-acre site in Santa Maria, CA from Easton Plaza, L.P., and plans to develop a 318-unit multifamily project. Azure will include two and three-story luxury garden-style apartments in a growing community near retail, restaurants and U.S. 101.
MBK Rental Living’s Craig Jones says, “Azure will provide new apartments in a market where quality of life and new jobs are attracting new residents, but where rental housing is in short supply.”
Shared amenities at the new community will include two pools, two hot tubs, a dog park, sports court, a fitness center, and playground. Grading of the site is anticipated to begin this spring, and leasing is expected to begin in mid to late 2020.
It is MBK’s first community in Santa Barbara County.
For comments, questions or concerns, please contact Dennis Kaiser


