Nitya Capital Successfully Completes $700 Million Multifamily Portfolio Refinance Amid Market Challenges

Nitya Capital Completes $700 Million Refinancing of Multifamily Portfolio

In a significant move within the real estate investment landscape, Nitya Capital, a Houston-based firm led by Swapnil Agarwal, has successfully executed a $700 million refinancing transaction for a multifaceted multifamily portfolio. This venture demonstrates not only the company's resilience but also its adept navigation through one of the toughest capital market environments seen in recent years.

The refinancing deal encompasses a total of 18 properties, consisting of a mix of Class A student housing and Class B market-rate multifamily units. Key locations include bustling markets such as Dallas, Indianapolis, various cities in the Carolinas, Nashville, Phoenix, and Las Vegas, affirming Nitya's strategy of focusing on high-growth areas.

Swapnil Agarwal, the founder and CEO of Nitya Capital, emphasized the significance of this refinancing, stating, "This refinancing validates the enduring strength of our portfolio and our disciplined investment approach." The statement highlights Nitya's consistent performance even amidst fluctuating interest rates and market dislocations.

The refinancing was specifically structured with a fixed-rate senior loan, which was originated and securitized by Citi, reflecting Nitya's strong relationships with premier global capital partners.

This strategic financial maneuver attracted substantial interest from notable investment firms globally, reinforcing confidence in Nitya's leadership and asset management strategy. The capital structure for this refinancing was organized as a CMBS transaction featuring a fixed-rate senior loan, showcasing Nitya's prowess at executing large-scale transactions even under volatile conditions.

Since its establishment in 2013, Nitya Capital has made impressive strides in the real estate sector, closing on over $10 billion worth of real estate transactions across approximately 130 multifamily acquisitions, which corresponds to nearly 50,000 residential units. With 81 successful exits, the firm boasts an impeccable record of zero investor losses, coupled with an exceptional average internal rate of return (IRR) of 22%. This is a track record that is seldom matched within the competitive industry of real estate investment.

Nitya Capital’s strategy centers on deploying capital into multifamily, student housing, and other opportunistic real estate investments in America’s major growth markets. With over $3 billion in assets under management, the firm’s operational footprint extends nationwide.

As Nitya Capital continues to navigate the complexities of the real estate market, their recent refinancing effort stands as a testament to their robust investment strategies and the value they bring to their investors. The company's commitment to maintaining a strong performance in challenging economic climates is likely to further enhance its reputation as a leader in real estate investments.

In conclusion, the $700 million refinancing by Nitya Capital illustrates not only the firm's operational strength but also serves as a beacon of confidence in the resilience of multifamily investment strategies despite ongoing market pressures. As Nitya continues to expand and adapt, stakeholders can look forward to their ongoing commitment to excellence and growth in the marketplace.

For further inquiries or media communications, please contact Nitya Capital's media relations team.