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Texas  + Houston-Galveston  + Apartments  | 
NItya Houston 5 apt exit

Nitya Capital Sells Houston Multifamily Portfolio

The sale made up 1,500 units in total. The buyer was a California based investor. “We endured a pandemic, crude oil volatility, winter storm damage and an uncertain financial world…throughout this we were able to obtain great results for our investors”, said Nitya’s Swapnil Agarwal.

The five Houston complexes were Buena Vista Apartments, Casa Del Mar Apartments, Sedona Pointe Apartments, The Diamond Hill Apartments and the Providence at Memorial. The multifamily communities had between 250 and 350 units and were spread throughout the Houston metro area.

Two months ago, Nitya Capital acquired an 11-asset multifamily portfolio situated across five markets, including Dallas, for nearly $500 million. The nearly 3000-unit portfolio comprises class B properties that currently average 95% occupancy. Nitya has exited over $2.5 billion in assets across the country.

The company announced it plans to branch out into student housing.

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Inside The Story

Swapnil Agarwal

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition
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