HOUSTON – (BUSINESS WIRE) – Nitya Capital, the international real estate investment firm headquartered in Houston, has recently concluded the sale of three multifamily properties in both the Austin and Houston regions. These transactions contribute to Nitya’s growing record of 77 property exits valued in excess of $2.5bn since its establishment in July 2013, solidifying its standing in the real estate investment sector.  

“Our 3-asset portfolio has delivered an impressive 1.5x equity multiple return to our investors. These exits are truly reflective of our value proposition in this space of creating value at the asset level through physical upgrades and operational efficiencies,” stated Swapnil Agarwal, CEO and Founder of Nitya Capital. “Despite the challenging capital market environment, characterized by a nationwide slowdown in acquisition and disposition activities, our dedicated team has adeptly managed high interest rates and inflation to achieve these remarkable returns, ensuring vital liquidity for our valued investors. With these recent exits, we maintain an impeccable record of 77-0, boasting an average IRR of over 25% across these 77 sales.”  

  The strategic property acquisitions by Nitya Capital in 2018 paved the way for an ownership transition in September 2023, when Disrupt Equity assumed control of the following three properties:  

• Treehouse Apartments located in Austin, Texas has 297 units  
• Waterstone Place located in Fort Bend, Houston, has 168 units.  
• Stonecreek Apartments, located in Harris County, Houston, has 208 units.  

  Over the years, Nitya Capital diligently improved these properties through various enhancements, including interior and exterior upgrades, pool renovations, kitchen modernization, and the introduction of community amenities.  

  Nitya owns and manages a robust portfolio of 54 assets that include multifamily, student housing, and commercial properties. As we diligently enhance their value, we’ll remain vigilant in assessing market conditions for well-timed strategic decisions. Our outlook for 2024 anticipates the pursuit of highly profitable opportunities.  

  Nitya marked a decade of growth, innovation, and success earlier this year. Looking ahead, the company remains committed to its vision of sustained triumph, aiming to continue its legacy of excellence well into the next decade. Nitya Capital’s ability to adapt and thrive in ever-evolving real estate markets is a testament to its enduring strength and unwavering dedication to its investors.  

Read more at: https://nityacapital.com/nitya-capital-exits-three-assets-in-texas-delivering-strong-returns/

HOUSTON – (BUSINESS WIRE) – Nitya Capital, an international real estate investment firm headquartered in Houston, today announced the sale of four multifamily properties across the Dallas, Austin and San Antonio regions. These most recent deals total 73 property exits for Nitya since the company was founded in July 2013.

Since its inception, Nitya has closed more than $8B in transactions including $4.2B in acquisitions, $2.4B in exits and $1.7B in recapitalizations. These four recent sales bring Nitya’s total exits to 73 of its 129 total properties purchased in its 10-year lifespan.

“These recent deals embody the success our company and investment partners have achieved since I first started this company,” said Swapnil Agarwal, CEO and Founder of Nitya Capital. “I am extremely proud of our team for the longstanding success we’ve had as we near our 10-year anniversary. The U.S. real estate sector has seen a slowdown since late last year, but our team continues to execute at a high level and identify the bright spots in multifamily investing. Once the sector rebounds completely we will be well positioned to pursue more opportunistic deals in the Sunbelt states and other high growth areas.”

All four sold properties – listed below – were acquired by Nitya within the last four years. During that timeframe, the firm added value to the assets, which included interior and exterior upgrades, pool renovations, new kitchen renovations, new leasing office, new community amenities and much more.

• Candlelight Park Apartments located in Duncanville, Texas (a suburb southwest of Dallas) has 128 units and was purchased by Lone Star Capital in March 2023
• Terrain at Medical Center located in San Antonio’s South Texas Medical Center (northwest of the city) has 224 units and was purchased by Nord Group in March 2023
• Latitude Apartments, also located in San Antonio’s South Texas Medical Center, has 268 units and was purchased by Nord Group in March 2023
• Park at Crestview, located in north Austin, has 248 units and was purchased by Nord Group in April 2023

These exits follow similar sales of several Texas properties conducted by Nitya last year, when the firm predicted a slowdown in the real estate market. Following last year’s deals, the firm acquired diverse, newer multifamily properties in high growth markets – i.e., Florida, Tennessee and Indiana – while costs in those regions were still opportunistic.

“Our activity in 2022 helped us create a more lucrative portfolio for our firm and partners in 2023,” continued Agarwal. “We are sitting on a very strong set of multifamily properties. As we continue adding value to our portfolio, we’ll continue to monitor market conditions for the right time to make moves.”

Nitya will be formally announcing its 10-year anniversary celebration in July as it looks back at its growth, successes and the teams that helped it scale up to the international firm that it is today. Nitya looks to continue its successes well into the next decade.

Read more at: https://nityacapital.com/nitya-capital-closes-sale-of-four-multifamily-properties-in-texas/