Nitya Capital, a privately owned real estate investment firm and operating company, has announced the acquisition of 11 multifamily properties across five major cities — Dallas, Indianapolis, Las Vegas, Los Angeles and Nashville — as well as in North Carolina. The deal is valued at nearly half a billion dollars.
This deal marks the largest in the company’s history and a major expansion into high-growth cities in the sunbelt and beyond. Each of the selected markets is expected to see higher population, income and job growth over the next five years as compared to other U.S. cities.
“About this time in 2021, we were excited to announce our then-largest deal of nine properties in Dallas. With this new portfolio, we intentionally expand into several high-growth markets where jobs are plentiful, occupancy is stable and growing and the business outlook is strong,” said Swapnil Agarwal, CEO and founder of Nitya Capital. “As active owner-operators, we look forward
