Hamilton Zanze Offloads Glendale Rental Asset for $82.2M

Hamilton Zanze Offloads Glendale Rental Asset for $82.2M
News| March 9, 2026| Mike Boyd
Phoenix & Southwest + Apartment Buildings

TerraCap Management has acquired Tresa at Arrowhead Apartments, a 360-unit community in Glendale. Hamilton Zanze & Co. sold the asset for $82.2 million, or about $228,220 per unit.

Commercial Edge reports the buyer took out a $53.4 million Fannie Mae loan, originated by CBRE Capital Markets. The community was previously traded 10 years ago, when Hamilton Zanze acquired the asset from Independence Realty Trust for $47 million.

Located at 17722 N. 79th Ave., the property is within walking distance of the Arrowhead Towne Center shopping mall.

Completed in 1998, Tresa at Arrowhead Apartments comprises 53 one- and two-story residential buildings across 19 acres. The upgraded apartments have private balconies or patios and walk-in closets.

Common-area amenities include a fitness center, three swimming pools with spas, a clubhouse and a business center. The community also encompasses a sundeck, game room, barbecue and picnic area, dry sauna and dog park.

CBRE’s Matt Pesch and Asher Gunter, along with Austin Groen, represented the seller.

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