Woodlark Manor Woodlake Manor Apartments was purchased by Vista Investment Group with a $30.8 million loan.

LOS ANGELES—Vista Investment Group has acquired the Woodlake Manor Apartments for $44 million from Jones & Jones Management Group. This is the first time the asset has traded hands in 34 years. The property has 274 units and portions of it were upgraded last year as leases turned. Institutional Property Advisors executive director Greg Harris and senior directors Kevin Green and Joseph Grabiec represented the buyer and the seller in the transaction, and said that this sale could be a catalyst for change and growth in the market, which is still a hidden gem for investors.