Tampa apartment community sells for $64 million

The new owners plan renovations, upgrades and a new name.
The Westly Shores apartments have sold for $64 million. [Courtesy of American Landmark Apartments]
The Westly Shores apartments have sold for $64 million. [Courtesy of American Landmark Apartments]
Published July 22

TAMPA — Westly Shores, a 360-unit apartment community near the Westshore Business District, has been sold for $64 million and will be renamed "Amira at Westly.'' The buyers, American Landmark Apartments and RSE Capital Partners, plan $1 million in renovations and improvements.

Built in 1999, the community at 6105 Paddock Glen Drive is five minutes from Tampa International Airport. This is the 17th investment by Tampa-based American Landmark, which has 28,000 apartments in Texas and the Southeast, including five apartment communities in the Tampa Bay area. RSE Capital Partners, based in Washington D. C., is among the nation's most active investors in multifamily housing.

Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. Follow @susanskate.

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