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Bluerock Real Estate has purchased Amira at Westly, a 408-unit community in Tampa, Fla., from American Landmark for $103 million, according to Yardi Matrix data.

The investor acquired the asset through its Delaware Statutory Trust—BR Amira—SEC filings show. The capital stack included $14.5 million in equity from Bluerock and a 10-year, $56.7 million, interest-only Fannie Mae note with a rate of 4.81 percent issued by KeyBank. Another 12-month, KeyBank bridge loan amounting to $36 million completed the financing.