Woodlark Capital LLC today announced it purchased its first asset of 2007 — the Las Ventanas Apartments in Alamogordo, N.M.

The value of the transaction was approximately $22.2 million.

Las Ventanas is a 280-unit, garden-style apartment community that caters to the housing needs of the Holloman Air Force Base and working professionals in Alamogordo. The Holloman Air Force Base supports approximately 21,000 active duty, National Guard and Reserve servicemen and -women, as well as retirees and Department of Defense civilians and their family members.

Completed in 1999, Las Ventanas encompasses 23 two-story townhouse buildings and one clubhouse/leasing office on approximately 18.7 acres of land. Property amenities include a swimming pool and spa, shaded cabanas with barbecue grills, a clubhouse complete with sports bar and a game room, a fitness center and a lighted playground area.

Las Ventanas is Woodlark Capital’s second military housing acquisition. Woodlark acquired the Courtyard Apartments, a student/military apartment complex serving Valdosta State University and Moody’s Air Force Base, in August 2006.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×