National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Nitya Capital Launches Inaugural $500M Multifamily Focused Real Estate Fund
Houston-based real estate investment firm Nitya Capital is raising a $500 million real estate fund focused on multifamily assets and will also include student housing and other commercial assets across the U.S. The firm will launch Nitya Opportunity Fund I with a $200 million target first close in May of 2022 followed by a final close in the fall of 2022.
The multifamily market has been a focus for the company since its early inception and that focal point will continue going forward through the fund. Additionally, student housing will be supplemented given its parallels with multifamily and the ability to invest in newer vintage assets with compelling cap rates and value propositions.
“I am delighted that we are raising an inaugural fund of such meaningful size,” Swapnil Agarwal, founder and CEO of Nitya Capital and KPM Property Management, remarked on the fund. “We view our investors’ trust in us as the highest honor, and it is our firm’s responsibility to act as the greatest stewards of their capital. I am grateful that I can implement a vision and drive the firm’s strategy alongside our exceptional team.”
- ◦Financing
