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3/17/26
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TerraCap Management acquired Tresa at Arrowhead, a 360-unit multifamily community located in Glendale, AZ, for $82.15 mil, or $228k per unit. The asset, located at 17722 N 79th Ave, was sold by San Francisco-based Hamilton Zanze.
Completed in 1998, the project design features a low-density garden site plan with all two-story buildings and expansive amenities. The gated community has 107 detached garages, three pool and spa areas, a large resident clubhouse and game room, a fitness center with cardio and weight training equipment, a dog park, barbecue and picnic areas, a dry sauna, and is walkable to Arrowhead Towne Center, the retail anchor of the Arrowhead Ranch submarket.
CBRE's Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen represented the seller in the deal. CBRE’s Debt & Structured Finance team arranged financing for the buyer.
“Tresa at Arrowhead generated strong interest due to its location within one of the West Valley’s most established and supply constrained submarkets,” said Pesch, vice chairman at CBRE. “The Arrowhead area continues to attract both institutional and private capital, and this transaction reflects sustained demand for well operated multifamily assets in the West Valley with long term growth fundamentals.”
TerraCap Management LLC is a commercial real estate investment manager focused on value-add real estate acquisitions in the South Atlantic, West Central South, and West Mountain regions of the United States. With over 19.3 msf of real estate acquired to date, TerraCap currently manages over 6.7 msf. TerraCap’s Phoenix portfolio includes office and industrial assets and Tresa at Arrowhead marks the company’s first multifamily acquisition in the Phoenix market.
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