Azur

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Azur - Waco, TX

Azur is solid value add acquisition that promises to deliver strong cash on cash returns along with capital appreciation to investors. This 208-unit property was acquired in September, 2016 by Prasiti Investments. The asset is ideally located in Waco, TX, a strong secondary market due to its diverse employment base and close proximity to Dallas and Austin. Prior to takeover occupancy at Azur (formally known as Baxter Crossing) was already in the high 90’s, leading the sub-market average of 96.7%. There is opportunity to drive rent increases by modernizing and upgrading the common areas and unit interiors to be the market leader in this class.

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