Nitya Capital, the Houston-based real estate investment firm led by Swapnil Agarwal, has successfully completed the $700 million refinancing of a premier multifamily portfolio, navigating one of the most challenging capital markets environments in recent years. The refinancing was structured with a fixed-rate senior loan originated and securitized by Citi.
The 18-property portfolio includes a blend of Class A student housing and Class B market-rate multifamily assets (including the project Hatteras), located across high-growth and demographically strong markets such as Dallas, Indianapolis, the Carolinas, Nashville, Phoenix, and Las Vegas.houston
“This refinancing validates the enduring strength of our portfolio and our disciplined investment approach,” said Swapnil Agarwal, Founder and CEO of Nitya Capital. “Amidst rising interest rates and market dislocation, we delivered institutional execution with premier global capital partners.”
The offering attracted significant participation from globally recognized investment firms, reinforcing market confidence in Nitya’s leadership, platform, and asset strategy. The capital stack was structured as a CMBS transaction featuring a fixed-rate senior loan, demonstrating Nitya’s ability to execute at scale in volatile conditions.
With 81 realized exits, the firm has achieved a perfect record of zero investor losses and a stellar average internal rate of return (IRR) of 22%, a track record rarely matched in the industry.
Nitya Capital is a privately held real estate investment firm based in Houston, Texas, with a national footprint and over $3 billion in assets under management. Founded by Swapnil Agarwal, the firm specializes in multifamily, student housing, and opportunistic real estate investments across major U.S. growth markets.
