M&A
confidence high
sentiment neutral
materiality 0.65
Bluerock Homes Trust acquires 408-unit Tampa apartment complex for $103M
Bluerock Homes Trust, Inc.
- Acquired Amira at Westly in Tampa, FL for ~$103.0 million from an unaffiliated seller.
- Financing includes Fannie Mae senior loan of $56.65M at 4.81% interest, maturing Nov 2034.
- Bridge loan of $36.0M from KeyBank, maturing Oct 2025, secured by DST interest proceeds.
- Property owned via wholly-owned DST subsidiary; master lease with subsidiary for operations.
- Financial statements for acquired property to be filed by January 16, 2025.