Avenue 15 Apartments, a 148-unit apartment complex located at 1609 West Glendale Avenue in Phoenix, Arizona, has sold for $14,725,000. The buyer was Urban Communities, a real estate development and redevelopment company that focuses on the creation and renovation of urban infill sustainable communities. The seller was Avenue 15, LLC, a real estate investment partnership. Kidder Mathews’ multifamily investment broker, Karl Abert, represented Urban Communities in the transaction.
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