TerraCap Management Acquires 360-Unit Tresa At Arrowhead Apartments For $82.2 Million

17722 North 79th Avenue, located in Glendale, AZ, is a multifamily asset comprising 360 units. The property was sold for $82.2 million, with a per-unit price of $228,333.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $82,200,000
• Buyer: TerraCap Management
• Seller: Hamilton Zanze & Company
• Units: 360
• Brokerage Firm: CBRE
• Broker Representatives: Matt Pesch, Asher Gunter & Austin Groen

In this transaction, TerraCap Management secured financing through a $53.4 million Fannie Mae loan, with the arrangement facilitated by CBRE, demonstrating collaborative efforts among the parties involved.