PHOENIX, AZ – TerraCap Management LLC, a privately held investment firm with its headquarters in Naples, FL, announced today the acquisition of Tresa at Arrowhead Apartments, a 1998-built, 360-unit apartment complex located in the Arrowhead Ranch submarket of Phoenix, AZ.
“Tresa’s buy profile is consistent with our deep value strategy going forward. We are excited about continuing to position our investors with assets that have defensive buy prices, especially in growth markets in Arizona near areas with plenty of amenities and opportunities for higher wage tech jobs,” said Steve Hagenbuckle, TerraCap’s Founder and Managing Partner.
Tresa at Arrowhead features one, two, and three-bedroom units with various levels of unit interior renovations, leaving room for further upgrades to enhance the tenants’ living experiences. Amenities at the property include swimming pools, grilling stations, a game room, gated parking, a dog park, a fitness center, and a dry sauna.
Tresa at Arrowhead boasts a low-density environment in a highly infill neighborhood, as the property is centrally located in Phoenix’s Arrowhead Ranch submarket and sits on 19 acres with lakeside walking trails. The property is adjacent to the Loop 101 freeway with convenient access to the new TSMC semiconductor plant, higher-wage employment in North Scottsdale and the Westgate Entertainment District.
“This acquisition aligns with our strategy of investing in well-located multifamily assets at a meaningful discount to today’s replacement cost. At Tresa at Arrowhead, value creation is driven by proven renovation premiums at the property and across the surrounding competitive set. The asset’s scale and supply-constrained location provide additional downside protection, and we believe these factors should drive attractive risk-adjusted returns over the hold period,” added Baron Davis, TerraCap’s National Director of Acquisitions.

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NASHVILLE, TN – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced that it has sponsored the buy of City Limits, a 254-unit garden-style community situated between the Middle Tennessee towns of Columbia and Spring Hill in the southern Nashville metro area.
Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the community, which is located on 16 landscaped acres approximately seven miles north of Columbia’s downtown district and four miles southwest of Spring Hill.
“We are pleased to expand our presence in the Nashville MSA with the acquisition of our third property in the Spring Hill/Maury County submarket,” said David Nelson, president and chief investment officer at Hamilton Zanze. “The area has experienced substantial growth over the past 15 years and is well positioned to benefit from continued population growth across the broader Nashville region. The asset’s proximity to major employers—including GM’s largest North American manufacturing plant and Maury Regional Medical Center—along with its strong construction quality and affluent local demographics made it a compelling addition to our portfolio.”
Situated at 2513 Nashville Highway, City Limits features one-, two- and three-bedroom homes ranging from 779 to 1,458 square feet. Built in 2022, the three-tale community provides near-direct connectivity to the small-town charm contained within Columbia and Spring Hill, including boutique shops, historical sites and a variety of dining options. Additionally, Nashville and its vast array of entertainment options are within a 40-minute drive of the community.
Community amenities at City Limits include a resort-style swimming pool, grilling station, resident clubhouse, conference room, recreation room, onsite pet park and pet spa, playground, putting green, sand volleyball court and a state-of-the-art fitness center. The gated community also offers carport and garage parking options.
Homes feature custom cabinetry, wood-inspired plank flooring, quartz countertops, pendant lighting, upgraded plumbing fixtures, oversized primary bedrooms, spacious walk-in closets, in-home washers and dryers, ceiling fans, air conditioning, garden bathtubs and private patios or balconies.

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OXFORD, MS – Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, has bought a 27-acre site in Oxford, Mississippi, where it plans to build The Station at Oxford, an 817-bed student housing development. The cottage-style community located on Oxford Way off South Lamar Boulevard will feature a mix of cottages and townhomes.
The project will be the third development in partnership with Liberty Mutual Investments (LMI), the investment firm for Liberty Mutual Group. In September, Landmark and LMI announced the development of purpose-built student housing at Pennsylvania State University and The University of Connecticut.
Landmark Construction, the in-house general contractor for Landmark Properties, will serve as general contractor, with Niles Bolton Associates serving as architect and JM Engineering as structural engineer. Construction will start immediately and is expected to be completed in time for the 2027-2028 academic year.
“The Station at Oxford will be a best-in-class cottage-style option for the Ole Miss community, one of the only new student housing properties under construction since 2018,” said Jason Doornbos, Chief Development Officer at Landmark Properties. “The development’s unique product offering, proximity to campus, and modern design and amenities meets the evolving lifestyle preferences of today’s students and is sure to capture a meaningful share of the off-campus housing demand.”
The Station at Oxford, located just South of the University of Mississippi campus, contains 269 units in a mix of two- to four-bedroom units, each delivered fully furnished and wired for high-speed internet and cable. Residents will delight in in-unit laundry, stainless steel appliances, quartz countertops, large closets, en-suite bathrooms, and hardwood-style laminate flooring.
A community clubhouse will provide multiple opportunities for socializing and relaxation, including a resort-style swimming pool with cabanas and hammocks, a fitness center, sports simulator, Jumbotron, cornhole, firepits and grilling areas, and a pickleball court. Other property perks include a study lounge, a bike storage rack, and parking for up to 904 vehicles.

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