Article

TerraCap Management LLC has acquired Tresa at Arrowhead Apartments, a 360-unit complex in Phoenix, AZ, built in 1998. The acquisition aligns with TerraCap's strategy to invest in multifamily assets at discounts to replacement costs.

Tresa features one to three-bedroom units, various amenities, and potential for further renovations. Located in the Arrowhead Ranch submarket, the property is near the Loop 101 freeway and close to the TSMC semiconductor plant and other employment opportunities. CBRE represented the seller, and Avenue5 Residential is the property manager.