By Keith Loria, Contributing Editor
June 13, 2013
Tallahassee, Fla.—Capital Square Realty Advisors LLC has acquired Ashford Club Apartments, a 102-unit multifamily community in Tallahassee, Fla., on behalf of an affiliated entity.
Located at 2055 Thomasville Road in the affluent neighborhood of Betton Hills, Ashford Club Apartments sits on approximately 6.5 acres and includes five three-story buildings.
“We were attracted to Ashford Club Apartments because of the strong demographics. Additionally, the property is highly stabilized, has a stellar past performance and is in a healthy market,” Yogi Singh, senior vice president, acquisitions and business development of Capital Square Management, an affiliate of Capital Square Realty Advisors, tells MHN. “The affluent community of Betton Hills is a sought after submarket of Tallahassee, the state capital, with strong demographics and a highly employable population.”
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