Nitya Capital, a Houston-based privately held real estate investment firm that owns and manages around $2 billion in real estate assets across the United States, has launched an inaugural $500 million real estate fund, focused on the multifamily sector.
The investment vehicle — Nitya Opportunity Fund I — also will include student housing and other commercial assets. Nitya Opportunity Fund I has a $200 million target first close in May, followed by a final close in the fall of 2022.
Nitya Capital has transacted in more than $5 billion of deals, most recently acquiring 11 multifamily properties across five major cities — Dallas, Indianapolis, Las Vegas, Los Angeles and Nashville — as well as in North Carolina in March. The deal is valued at nearly 500 million dollars.
For more information about this fund and others, visit the