HOUSTON--(BUSINESS WIRE)--Nitya Capital, a national real estate investment firm headquartered in Houston, announced the acquisition of two Class A student housing properties in the Sunbelt region, increasing its student housing portfolio to nine total assets spanning eight universities in five states.
The value of the two acquisitions is marked up to nearly $150m in total. The first property, located in Starkville, Mississippi, was acquired from FPA6 The Pointe, LLC for an undisclosed amount. The second property is in Greenville, North Carolina, and was acquired from a major investment management firm for an undisclosed amount. The two Class A properties contain 1,829 beds and are located near high-growth universities.
“We are excited to add these two popular student housing communities to our investment portfolio given their proximity to high profile institutions and the quality condition they’re in,” said Nitya Capital CEO Swapnil Agarwal. “As university enrollment continues to increase and students are opting to return to class in person, the demand for student housing will only continue upward, especially in the high-growth parts of the country, such as the Sunbelt region. These assets present favorable opportunities for us and our investment partners.”
Student housing remains a critical investment opportunity for many investors, given the increased need for academic residency due to the steady flow of incoming students per semester. Additionally, given the significant upsurge in recent student attendance following the Covid-19 pandemic, student housing remains a financially lucrative multifamily opportunity for investors looking to explore recession-resilient trends across diversified local economies.
Since its inception, Nitya Capital has successfully exited over $2.5b in assets across the nation with 25%+ net returns to investors, with previous student housing exits yielding a high degree of profitable returns for investors. The company continues exploring multifamily opportunities in the coming months, targeting university locations in Denton, Ohio, Knoxville, Tennessee and Waco, Texas.
Nitya currently features an active online investing platform for all portfolios and investment opportunities. All interested parties may visit https://nityacapital.com/invest/ for additional information.
About Nitya Capital
As active investor-operators, Nitya Capital takes a disciplined approach across all avenues pre- and post-acquisition. Our team of dedicated professionals works thoroughly to monitor key performance indicators and optimize asset performance, engaging in in-depth market research and data analysis. We additionally provide a thorough due diligence process and a holistic, hands-on asset management model, maximizing our attention to detail on all ends of the spectrum.
