Real estate investing company continues its streak of exits and opportunistic acquisitions in 2022
HOUSTON, May 23, 2022--(BUSINESS WIRE)--Nitya Capital, a leading national privately-owned real estate investment firm headquartered in Houston, today announced a portfolio sale of five Houston multifamily assets, consisting of more than 1500 units. Purchased by a California based real estate investor, the properties comprise several noteworthy locations across the Houston area, including:
Buena Vista Apartments: 266 Units located at 2402 Bammelwood Drive, Houston, TX
Casa del Mar Apartments: 254 Units located at 2431 FM 1960 Road, Houston, TX
Sedona Pointe Apartments: 352 Units located at 311 Highland Cross Drive, Houston, TX
The Diamond Hill Apartments: 304 Units located at 9407 Westheimer Road, Houston, TX
The Providence at Memorial: 326 Units located at 1370 Afton Street, Houston, TX
"We are fortunate to have a prosperous outcome and exit that we were able to navigate during an ownership period of great adversity," said Swapnil Agarwal, CEO and Founder of Nitya Capital. "Specifically, we endured the pandemic, severe crude oil volatility and declines, winter storm damage, and, more recently, global issues including inflation, rate increases, and meaningful stock market declines. Despite these obstacles, through our ability to quickly execute transactions and act ahead on both a management and transactional level, we were able to obtain great results for our investors."
Though Nitya Capital has accelerated its national footprint with several deals in the sunbelt region as of late, the firm continues to be a leading investment player in its hometown, highlighting the enduring convenience and popularity of the Houston multifamily market throughout the years. In this portfolio exit, Nitya Capital was partnered with an established multi-national family office and a NYC-based real estate firm.
The latest closing of this Houston portfolio marks a watershed development for the company, particularly as it looks to broaden its horizons across the country with new progress throughout various multifamily sectors. Recently, Nitya Capital announced a breakthrough pursuit into the world of student housing, along with the recent successful exits of other Houston-based properties, including Bayou Park Apartments, Quail Creek Apartments, and Quail Creek II Apartments. Since its inception, Nitya has successfully exited over $2.5 billion in assets across the nation with 25%+ net returns to investors.
The company currently features an active online investing platform for all recent portfolios and investment opportunities. All interested parties may visit https://nityacapital.com/invest/ for additional information.
About Nitya Capital
As active investor-operators, Nitya Capital takes a disciplined approach across all avenues pre and post-acquisition. Our team of dedicated professionals works thoroughly to monitor key performance indicators and optimize asset performance, engaging in in-depth market research and data analysis. We additionally provide a thorough due diligence process and a holistic, hands-on asset management model, maximizing our attention to detail on all ends of the spectrum. Operational, marketing, and leasing strategies implemented at the site level place heavy emphasis on customer service, which we believe to be paramount in successful property engagement. In 2021, Nitya completed nearly $2B in total transactions.
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