Summerly at Zanjero has traded hands for $78.5 million. Developer Fore Property built the 340-unit complex, located in Glendale, Arizona, in 2018. It was 95% leased at the time of the sale.

Located at 7375 North Zanjero Boulevard, the property is LEED Silver-certified and features 32 two- and three-story buildings spread across an 18.58-acre site. It also has two swimming pools with barbecues and fireplaces, a fitness center with yoga and spin room, a dog park and playground, as well as parcel lockers.

The developer has also sold the $89.2 million sale of Tempo at McClintock Station Apartments, a 423-unit, mid-rise community in Tempe, Arizona.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.