Woodlark Capital closes third acquisition of '07

Woodlark Capital LLC recently purchased a 300-unit, garden-style apartment complex in Valdosta, Ga., for $11.3 million.

The Woodstone Apartments property, which marks Woodlark's second acquisition in the Valdosta market, is located one mile from Valdosta State University's campus.

Built in 1978, the Woodstone Apartments sits on 122 acres and consists of 29 two-story buildings. Amenities include two swimming pools, two tennis courts, three on-site laundry facilities, a playground and a 1.5-mile jogging trail.

White Plains, N.Y.-based Woodlark currently owns or controls apartment properties in 12 states through its two operating entities, Woodlark Capital LLC and Woodlark Opportunity Fund LLC, as well as several partnerships.

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