Real estate investment firm reaches 7,828 units and $550 million assets under management

Nitya Capital, a privately held real estate investment firm today announced the acquisition of two Houston-area properties – one in Baytown and one in the Westheimer corridor. These properties add 326 units to the company’s rapidly expanding portfolio, which now includes a total of 7,828 units and $550 million assets under management.

The properties included in this acquisition are Bay Oaks and Bella Vista. Bay Oaks is Nitya Capital’s third acquisition in Baytown and Bella Vista is the company’s fourth acquisition in the Westheimer corridor.

"Closing on these two properties only a month after acquiring six properties, our company’s largest deal to-date, illustrates our ability to continue growing rapidly," said Swapnil Agarwal, CEO of Nitya Capital and Karya Property Management. “These acquisitions allow us to further expand into attractive and growing markets in Houston.”

Nitya Capital plans to reposition the properties to modernize the interiors and upgrade the resident amenities to a sub-market leading standard. Each of the properties will be managed by Nitya Capital’s fully-owned and operated property management company, Karya Property Management.

About Nitya Capital:

Nitya Capital is a privately held real estate investment firm that focuses on the acquisition and management of opportunistic and value-add multifamily properties. Since inception, Nitya Capital has acquired over 7,800 units throughout Texas and currently has $5050 million in assets under management. The firm’s leadership has decades of experience in global real estate investing and multi-sector investing through business cycles including recessionary environments. Nitya Capital has a targeted investment thesis and a proven track record of realized returns and strong performance as evidenced by significant revenue and NOI growth across its portfolio. For more information about Nitya Capital, visit www.nityacapital.com.