Nitya Capital Successfully Pays Off $400 Million Credit Facility Line with Capital One
Nitya Capital, a global real estate investment firm based in Houston, has achieved a major milestone by fully repaying a $400 million credit facility line with Capital One. This significant accomplishment highlights Nitya’s financial robustness and strategic agility in navigating the challenging capital markets.
The outstanding loan under the facility was secured by three key assets: Quarry Trails in Knoxville, Tennessee; Domain at Waco in Waco, Texas; and NTX Domain in Denton, Texas. Nitya Capital exited its investment in Quarry Trails, an 840-bed, Class A student housing property near the University of Tennessee, acquired in 2022 at a highly favorable sales price. This successful sale enabled Nitya to return a substantial portion of the investors’ original equity.
Furthermore, Nitya refinanced the remaining assets—Domain at Waco and NTX Denton, both Class A student housing properties serving Baylor University and North Texas Denton, respectively. The firm secured a permanent 10-year financing deal from Argentic Real Estate Finance 2 LLC. This strategic move allowed Nitya to capitalize on the value created since acquisition, driven by rent growth and operational efficiencies.
With the completion of these transactions, Nitya Capital has maintained its impeccable track record, delivering consistent returns to investors with 79 successful exits across 20,000 units, representing over $2.5 billion in value without incurring a single loss. The firm has closed more than 250 transactions valued at over $10 billion, including 129 acquisitions worth $5 billion, 79 exits worth $2.5 billion, and over 60 refinancings and recapitalizations worth $2.5 billion.
Nitya’s current portfolio comprises 52 affordable multifamily and student housing assets valued at over $2.5 billion, spread across major Sunbelt markets, including Texas and Florida.
"These strategic moves not only provide considerable cash out to our limited partners, offering them short-term liquidity, but also strategically enhance the long-term value of the overall portfolio," stated Swapnil Agarwal, Founder and CEO of Nitya Capital. "Our exit strategies are carefully designed to balance immediate liquidity needs with long-term value creation."
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