Urban Communities Sells 128-Unit Elevate at South Mountain Apartment Property in Phoenix

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.