Nitya Capital Launches First $500M Multifamily Fund
The minority-owned firm is launching the fund with a first close in May and a final close in fall.
Multifamily housing has been a focus for Houston-based Nitya Capital since its early inception and that focal point will continue going forward through a new fund it is launching.
Nitya Capital is raising its first-ever $500 million real estate fund focused on multifamily assets and will also include student housing and other commercial assets across the U.S.
Additionally, student housing will be part of the mix, given its parallels with multifamily and the ability to invest in newer vintage assets with compelling cap rates and value propositions.
The firm will launch Nitya Opportunity Fund I with a $200 million target first close in May 2022 followed by a final close in fall 2022.