Houston-based real estate investment firm Nitya Capital is raising its first-ever $500M real estate fund focused on multifamily assets and will also include student housing and other commercial assets across the U.S. The firm will launch Nitya Opportunity Fund I with a $200Mmm target first close in May of 2022 followed by a final close in the fall of 2022.
Multifamily has been a focus for the organization since its early inception and that focal point will continue going forward through the fund. Additionally, student housing will be supplemented given its parallels with multifamily and the ability to invest in newer vintage assets with compelling cap rates and value propositions. Uniquely, participating investors can also invest in the fund’s preferred equity program, for those looking for lower risk. Further, the firm also has a redemption feature in the fund so investors may redeem their investments for any reason after 2…
