Bluerock Value Exchange (BVEX) announced it has fully subscribed the $66 million equity raise for BR Amira, DST, a newly renovated Class A apartment community in Tampa, Florida. Including leverage, the total purchase price reached $122.7 million. Located adjacent to Tampa International Airport, the property is positioned to benefit from robust job and population growth fueling strong renter demand across the metro area. 

BR Amira aims to provide investors with monthly cash flow and long-term capital appreciation. The DST program offers multiple exit strategies, including 721 UPREIT exchanges and traditional 1031 exchange or cash-out options. “We believe this is a very timely and favorable entry point for investing in apartments,” said Josh Hoffman, President of BVEX, citing undersupply of new housing, the record-high cost gap between owning and renting, and continued household formation. 

The successful subscription of BR Amira follows a series of recent BVEX offerings, including BR Diversified Industrial Portfolio V ($36.7 million), BR Churchill Downs (targeting $37.8 million), and BR Diversified Industrial Portfolio IV ($31.6 million). 

Based in Manhattan, BVEX—a division of Bluerock—has structured more than $2.8 billion in 1031 exchange transactions across 14.9 million square feet of commercial and multifamily real estate nationwide.  

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