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Florida-based real estate investment firm acquires apartment development near Phoenix

Tresa at Arrowhead sells for $82.16 million
The Tresa at Arrowhead apartments at 17722 N. 79th Ave. in Glendale, Arizona, sold for $228,219 per unit. (CoStar)
The Tresa at Arrowhead apartments at 17722 N. 79th Ave. in Glendale, Arizona, sold for $228,219 per unit. (CoStar)
By Clarice King with
CoStar Research
March 30, 2026 | 2:44 P.M.

TerraCap Management, a real estate investment firm based in Naples, Florida, has acquired Tresa at Arrowhead, a 360-unit multifamily property in Glendale, Arizona, from Hamilton Zanze & Co. for $82.16 million, or $228,219 per unit.

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News | Florida-based real estate investment firm acquires apartment development near Phoenix