Landmark multifamily recapitalization includes 18 assets across high-growth U.S. markets

HOUSTON, June 5, 2025 /PRNewswire/ -- 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.

"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.

Since its founding in 2013, Nitya Capital has completed over $10 billion in real estate transactions across approximately 130 multifamily acquisitions representing nearly 50,000 units. 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.

About Nitya Capital
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.

Media Contact:
Nitya Capital Media Communications
pr@nityacapital.com

Photo - https://mma.prnewswire.com/media/2703832/SWAPNIL_AGARWAL___Nitya_Capital_2025.jpg

View original content:https://www.prnewswire.co.uk/news-releases/nitya-capital-and-swapnil-agarwal-refinance-700-million-multifamily-portfolio-302474006.html

Images

Tags

More Like This

Nitya Unlocks Value through a $218 Million Refinancing

Nitya Pays Off Capital One’s $400 Million Credit Facility Line

Slate Asset Management Completes Approximately €425 Million of Senior Debt Refinancings for Its European Essential Real Estate Portfolio Year to Date

H.I.G. Realty Acquires a Portfolio of Three Buildings in a Prime Residential area of Madrid

Enfinity Global Expands U.S. Structured Credit Facility to $245 Million to Accelerate Renewable Energy Deployment

MADISON INTERNATIONAL REALTY APPOINTS AKAASH SHAH AS VICE PRESIDENT OF INVESTMENTS

Calliditas refinances existing term loan with Euro 92 million senior secured facility with Athyrium Capital

Adani Cement refinances USD 3.5 billion from 10 international banks, terming out the acquisition finance facility by a tenor of 3 years