HOUSTON–(BUSINESS WIRE)–Houston-based real estate investment firm Nitya Capital is raising its first-ever $500 million real estate fund focused on multi-family assets and will also include student housing and other commercial assets across the United States . The company will launch Nitya Opportunity Fund I with a Target of $200 million for the first close in May 2022, followed by a final close in the fall of 2022.
The multi-family organization has been at the center of the organization’s concerns since its inception and this focal point will continue to move forward thanks to the fund. Additionally, student housing will be complemented given its parallels with multifamily and the opportunity to invest in newer assets with attractive cap rates and value propositions. Uniquely, participating investors can also invest in the fund’s preferred share program, for those seeking lower risk. Additionally, the company also has a redemption feature in the fund so that investors can redeem their investments for any reason after 2 years.
“I am delighted that we are raising such a large inaugural fund,” Swapnil Agarwal, Founder and CEO of Nitya Capital and KPM Property Management, said of the fund. “We regard the trust our investors place in us as the highest honour, and it is our company’s responsibility to act as the best stewards of their capital. I am grateful to be able to implement a vision and drive the company’s strategy alongside our outstanding team.
The company has an impressive track record with over $2 billion in releases that have generated over 25% net returns for its investors since inception. Nitya Capital also works as a frontrunner for outside charitable causes, using its Karya Kares program to tackle specific health, education and societal issues, including school safety, teaching swimming, scholarships for new students and providing healthy meals to children in need. The organization is also launching its exclusive Resident Enrichment Program to improve the lives of the residents it serves.
“Our investors have been waiting for our fund for years, but it was important for me to launch this project at the right time,” Agarwal said. “Now that we have successfully completed over $5 billion in transactions, including our latest acquisition of nearly half a billion, coupled with an excellent balance sheet, the time has come. I look forward to the next phase. of our journey as a team, and I personally look forward to the challenge of further elevating our organization to continue to exceed investor expectations and deliver optimal returns.
Nitya Capital’s online investment platform is currently available to all interested parties. For more information, please visit https://nityacapital.com/invest/.
About Nitya Capital
As active investor-operators, Nitya Capital takes a disciplined approach in all avenues before and after acquisition. Our team of dedicated professionals work in depth to monitor key performance indicators and optimize asset performance, engaging in in-depth market research and data analysis. We further provide a thorough due diligence process and a holistic and practical asset management model, maximizing our attention to detail at all ends of the spectrum. The operational, marketing and leasing strategies implemented at the site level place a strong emphasis on customer service, which we believe is paramount to a successful real estate engagement. In 2021, Nitya completed nearly $2 billion in total transactions.