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Nitya Capital Closes Multi-City, Multifamily Property Deal Adding Properties in High-Growth US Markets

Houston-based Nitya Capital, a privately-owned real estate investment firm and operating company, announced an acquisition of 11 multi-family properties across five major cities – Dallas, Las Vegas, Indianapolis, Nashville, and Los Angeles and in North Carolina. The deal is valued at half-a-billion dollars.

This deal marks the largest in the company’s history and a major expansion into high-growth cities in the sunbelt and beyond. Each of the selected markets is expected to see higher population, income and job growth over the next five years as compared to other U.S. cities.

“About this time in 2021, we were excited to announce our then-largest deal of nine properties in Dallas. With this new portfolio, we intentionally expand into several high-growth markets where jobs are plentiful, occupancy is stable and growing and the business outlook is strong,” said Swapnil Agarwal, CEO and founder of Nitya Capital.

Nitya Capital’s sister company, KPM Property Management becomes the hands-on manager of each location, several of which have made recent upgrades for energy efficiency or curb appeal. All totaled the transaction includes nearly 3000 units.

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About Erik Hamilton

Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.

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