TALLAHASSEE, FL-Capital Square Realty Advisors LLC reports that it has acquired the 102-unit Ashford Club Apartments community here.

An affiliate of the Glen Allen, VA-based firm acquired the complex at 2055 Thomasville Road in the Betton Hills neighborhood, The property totals approximately 6.5-acres and includes five three-story buildings offering one- and two-bedroom apartments ranging in size from 750 to 1,000 square feet of space, with private patios and balconies. The property also includes a community clubhouse equipped with a full kitchen, fireplace and wet bar. No purchase price or further details of the transaction were released.

"Ashford Club Apartments is located in an upscale area with numerous amenities," states Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors. "The property is fully occupied with a waiting list, boasts a 96% positive rating on ApartmentRatings.com and has the potential to deliver strong, consistent cash flow."

Originally constructed in 1988 and recently renovated, Ashford Club Apartments was 100% occupied at the time of the acquisition.

"We are pleased with the results of an exhaustive search by Capital Square Management's acquisition team and look forward to the continued success of Ashford Club Apartments," states Yogi Singh, senior vice president, acquisitions and business development of Capital Square Management, an affiliate of Capital Square Realty Advisors.