Nitya Spins Off Four Texas Multifamily Properties
Nitya Capital sold off 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.
All four properties 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 and new community amenities.
The 224-unit Terrain at Medical Center in San Antonio and the 268-unit Latitude Apartments in San Antoino’s Medical Center were bought by the Nord Group. The other properties featured the 128- unit Candlelight Park Apartments in Duncanville and Park at Crestview, a 248-unit project in North Austin. they were bought by buyers that were not disclosed.