X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
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.

Kelsi Maree Borland

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.