Amira at Westly
Multifamily property in Tampa, FL — sponsored by Bluerock Value Exchange
Show sources (8)Hide sources (8)
These links support the historical public record; individual details may come from different sources.
- U.S. Securities and Exchange Commission — Bluerock Homes Trust Form 8-K ↗
- Bluerock Value Exchange ↗
- Bluerock Value Exchange ↗
- U.S. Securities and Exchange Commission — Bluerock Homes Trust Form 10-Q ↗
- Bluerock Value Exchange ↗
- Multi-Housing News ↗
- U.S. Securities and Exchange Commission — Bluerock Homes Trust Form 10-Q ↗
- bluerock.com ↗
What is this, in one paragraph?
Amira at Westly is a 408-unit Class A garden-style apartment community in Tampa, Florida, offered as a Delaware Statutory Trust (DST) — the fractional-ownership structure that qualifies for 1031 exchanges — by Bluerock Value Exchange. Bluerock Homes Trust reported acquiring the property through BR Amira DST on October 31, 2024.1 The sponsor reported the offering fully subscribed on September 10, 2025, so it is closed to new investors.2
Minimum investment
$100k
Offering size
$66.0M
How much has sold
None sold yet
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Bluerock Value Exchange states the community was built in 1999, renovated in 2019–2020 and expanded in 2023.3 Bluerock Homes Trust told the SEC that on October 31, 2024 it acquired the Amira property through BR Amira DST for approximately $103.0 million.1 The community sits adjacent to Tampa International Airport.
- Property address
- 6105 Paddock Glen Drive, Tampa, FL
- Property size
- 408 units; 404,976 total square feet
Who is the tenant, and what's the lease?
An apartment community has no single tenant — income comes from hundreds of resident leases. Bluerock Homes Trust's Form 10-Q for the quarter ended June 30, 2026 states that under the master lease a wholly owned indirect subsidiary of its Operating Partnership is responsible for subleasing the property to tenants, the arrangement that keeps a DST passive.4
How did it end?
Still operating
Class A garden-style apartment community adjacent to Tampa International Airport, sponsored by Bluerock Value Exchange (BVEX) via BHM Amira Exchange TRS LLC. Launched November 25, 2024 with target raise of approximately $66 million; secured non-recourse Fannie Mae financing at 4.81% with ~46% loan-to-capitalization; total purchase price $122.7 million. Fully subscribed as of September 10, 2025.
408 units; 404,976 total square feetSupporting evidence
Counted on Bluerock Value Exchange’s Record Card as: No outcome recorded · under 7 years Document
How is it financed, and what does it pay?
The Trust carries non-recourse Fannie Mae debt, meaning the lender's remedy on a default is the property itself rather than the investors personally.5 Multi-Housing News reported that the acquisition capital stack also included a KeyBank bridge loan alongside Bluerock equity.6
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Who's behind it?
Bluerock Value Exchange, branded BVEX, is the 1031 exchange arm of the Bluerock real estate group and syndicates DST interests in apartment communities. Its affiliate Bluerock Homes Trust, an SEC-reporting company, states that it is the primary beneficiary of the DST property and consolidates it for financial-reporting purposes.7 BVEX announced the offering on November 25, 2024 and reported it fully subscribed on September 10, 2025.2
- Sponsor
- Bluerock Value Exchange
- May convert to a REIT
- No
- Offerings from this sponsor
- 4 active / 18 total offerings from Bluerock Value Exchange
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
A single Form D — the short notice an issuer files with the SEC after selling securities privately — covers this offering, and no amendment has followed it. The Trust was offered under Rule 506(c), the exemption that allows public advertising but limits purchasers to investors whose accredited status has been verified.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- BR Amira, DST
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to Amira at Westly?
Amira at Westly is a Historical offering: its latest SEC filing is outside the Active window. The outcome and source documents are shown separately.
Where does Top1031 get the data for Amira at Westly?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Can I still invest in BR Amira, DST?
No. Bluerock Value Exchange announced on September 10, 2025 that the approximately $66 million BR Amira DST offering was fully subscribed, which closed it to new investors. Trade outlets including Connect Money and AltsWire reported the same milestone on September 10 and 12, 2025.
What did the property cost?
Two figures appear in the public record, framed differently. Bluerock Homes Trust's Form 8-K reported an acquisition of the Amira property through BR Amira DST on October 31, 2024 for approximately $103.0 million. Bluerock Value Exchange's September 10, 2025 announcement reported a total purchase price of $122.7 million including leverage for the DST offering. Top1031 has not reconciled the two.
How was the deal financed?
Bluerock Value Exchange stated at the November 25, 2024 launch that the Trust used non-recourse Fannie Mae financing at 4.81% and represented approximately 46% loan-to-capitalization. Multi-Housing News reported in November 2024 that the acquisition stack comprised $14.5 million of Bluerock equity, a 10-year $56.7 million interest-only Fannie Mae note at 4.81%, and a $36 million KeyBank bridge loan.
Who runs the property day to day?
The Trust itself does not. Bluerock Homes Trust's Form 10-Q for the quarter ended June 30, 2026 states that under the master lease a wholly owned indirect subsidiary of its Operating Partnership is responsible for subleasing the property to tenants. That master-lease structure is standard in DSTs, which are legally barred from active property operation.
Does the SEC record show how much equity was raised?
Yes, from the affiliate's side. Bluerock Homes Trust's DST offering table in its Form 10-Q for the quarter ended June 30, 2026 reports $59,812 thousand raised for Amira at Westly and $100,795 thousand in net real estate investments. That same filing describes the Amira at Westly DST as fully subscribed with equity from individual investors.
Can this Trust convert into REIT shares?
Top1031's record shows no 721 exchange or UPREIT feature for this Trust — that is, no structured path to swap the property interest for operating-partnership units in a REIT at exit. Any exit mechanics an investor is relying on should be confirmed against the Trust's private placement memorandum (PPM), the governing offering document.
Chapter 9Bluerock Value Exchange Fully Subscribes $66 Million Class A Multifamily DST in Tampa FloridaBVEX announced it has fully subscribed the $66 million offering of BR Amira, DST, which including leverage had a total purchase price of $122.7 million. Bluerock Value Exchange Launches Class A Fully Stabilized Multifamily DST in the Thriving Tampa Florida MetroBVEX announces launch of BR Amira, DST, seeking approximately $66 million from accredited investors for a newly renovated Class A multifamily community in the Tampa metro adjacent to Tampa International Airport, with Fannie Mae financing at 4.81% and ~46% LTC. Bluerock Pays $103M for Tampa CommunityBluerock Real Estate purchased Amira at Westly, a 408-unit community in Tampa, FL, from Electra America for $103 million according to Yardi Matrix data. Tampa Apartment Community Acquired for $103 MillionBluerock acquired the 408-unit Amira at Westly apartment community in Tampa for $103 million according to Hillsborough County records, purchased from American Landmark.