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


Elevate at South Mountain in Phoenix features 128 apartments.

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.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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