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PHOENIX — Urban Communities has completed the disposition of Elevate at South Mountain, a multifamily community located at 8818 S. Central Ave. in Phoenix. Gudi Real Estate Investments purchased the property for $22.3 million.
Situated on 4.6 acres, Elevate at South Mountain includes two recently renovated, two-story buildings offering a total of 128 residential units.
Karl Abert and Bret Zinn of Kidder Mathews represented the seller and buyer in the deal.