COMPANIES

Nitya Capital

Office address: 8901 Gaylord Dr, Houston, TX 77024
Website: www.nityacapital.com
Year established: 2013
Company type: real estate investment firm
Employees: 230+
Expertise: capital raising, acquisitions, asset management, property management, real estate, tech-related investments, office space acquisitions, online crowdfunding platforms, affordable housing, student housing, commercial property management
Parent company: N/A
Key people: Swapnil Agarwal (CEO), Rasheed Chahal (managing director), Prashant Shenoy (COO), Stephanie Leyva (VP), Vekeno Kennedy (general counsel), Jeffrey Gomez (CTO)
Financing status: N/A

Nitya Capital, a Houston-based real estate investment firm, manages over $3 billion in assets, specializing in value-add and opportunistic multifamily properties. They are known for aligning with investors at every stage of the process, with a history of zero losses and $2.2 billion in total exits. With over 230 employees across offices in Orlando, London, Dallas, and Bahrain, they serve global clients while consistently adding value to their transactions.

History of Nitya Capital

Nitya Capital was founded in 2013 by Swapnil Agarwal, driven by a vision to positively impact people’s lives through real estate investments. The company rapidly grew, acquiring 75 multifamily properties across Texas, Utah, Kansas, and Nevada by 2021. That same year, despite pandemic challenges, Nitya reached a transaction volume of $2.2 billion, marking its most successful period.

They continued to expand their portfolio with large, off-market deals, capitalizing on bulk pricing opportunities. By the end of 2021, Nitya had a significant number of active deals and had closed nearly 100 unique acquisitions. The firm has 3,000 investors in their platform and consistently invests alongside its clients, ensuring strong alignment while delivering income-generating opportunities across economic cycles.

Products and Services of Nitya Capital

Nitya Capital offers a range of real estate services designed to provide value at every stage of the investment process. These key offerings include:

  • capital raising: securing funds for multifamily, student housing, and commercial real estate investments
  • acquisitions: identifying and purchasing value-add and opportunistic real estate properties
  • asset management: overseeing property performance to maximize returns for investors
  • property management: managing day-to-day operations, tenant relations, and property upkeep

With expertise spanning asset management, property operations, marketing, human resources, and construction, Nitya Capital is a fully integrated real estate investment firm. Specializing in multifamily, student housing, and commercial properties, they operate on a global scale.

Culture at Nitya Capital

Nitya Capital promotes a workplace culture that is focused on dedication, security, and professional excellence, recognizing its employees as the company’s most valuable asset. The team consists of hardworking professionals who are rewarded for their strong work ethic and ability to see the bigger picture. Nitya seeks out top talent in the industry, continuously encouraging innovation and commitment across the organization while providing benefits that include:

  • competitive pay and perks
  • regular team-building events for collaboration and camaraderie
  • diverse and creative work environment that drives professional growth
  • charity and multicultural event participation

Nitya Capital, led by CEO Swapnil Agarwal, embraces diversity as a core element, drawing from his global perspective and fostering an inclusive work environment. The company ensures that individuals of all backgrounds, regardless of gender, race, or identity, are given equal opportunities to thrive professionally. Celebrating diverse viewpoints and cultures remains central to their mission, as they aim to create an inclusive workplace through initiatives like:

  • celebrating Global Diversity Awareness Month to highlight the importance of cultural diversity
  • fostering inclusion at all levels, from interns to executives, to ensure varied perspectives
  • offering affordable housing solutions to serve communities in need, benefiting society and investors alike

The firm’s community support through its non-profit, Karya Kares, aims to positively impact 1 billion lives by providing educational and healthcare assistance. The organization operates with no payroll, ensuring that 100% of donations directly benefit those in need. Karya Kares continues to develop innovative programs that enhance the well-being of communities they serve:

  • partnering with Karya Kares to provide health and education support to underserved families
  • supporting Kids Meals and Habitat for Humanity to address hunger and housing challenges
  • collaborating with The Salvation Army of Greater Houston to assist local families
  • contributing to the PPE donation drive at Minute Maid Park
  • advocating against gun violence by supporting Robb Elementary School initiatives

Nitya Capital’s mission is to deliver strong financial returns to investors while providing meaningful value to customers through high-quality real estate investments. Their core values emphasize teamwork, integrity, agility, and empathy, guiding their approach to business. The company believes that its commitment to diversity and excellence sets them apart, with a team that tackles challenges with creativity and curiosity.

About Nitya Capital CEO Swapnil Agarwal and Key People

Swapnil Agarwal is the founder and CEO of Nitya Capital and also serves as CEO of KPM Property Management. He is a board member at Itus Capital Advisors and a general partner at Iron Pillar, companies based in India. Previously, he was a VP at Forum Partners and an analyst at Simmons & Company, holding a BBA from The University of Texas at Austin.

Nitya Capital's leadership team is comprised of experienced professionals who play key roles in driving the company's success:

  • Rasheed Chahal is managing director and partner for the Middle East, focusing on value-add investing, development, and capital raising in NA and ME real estate markets
  • Prashant Shenoy is COO, leveraging extensive leadership experience in real estate, aviation, insurance, and credit card industries to optimize operations
  • Stephanie Leyva acts as VP acquisitions and asset management, responsible for acquiring and managing real estate assets across various markets
  • Vekeno Kennedy is general counsel, handling legal matters and corporate governance for the company
  • Jeffrey Gomez is chief technology officer, leading the company’s technology strategy and innovation initiatives

The Future at Nitya Capital

In 2024, Nitya Capital demonstrated its financial strength by fully repaying a $400 million credit facility, showcasing its strategic flexibility. The company leveraged favorable market conditions by selling a student housing asset in Tennessee and refinancing two properties in Texas, providing liquidity and long-term portfolio value. Nitya remains focused on delivering strong returns to investors while positioning itself for continued growth in key markets.

The company also recently completed a $218 million refinancing, paying off loans across seven properties and boosting its financial strength. This move reflects the company's ability to navigate the capital markets successfully while enhancing the value of its portfolio. By continuing to invest in affordable housing and focusing on income-restricted communities, Nitya Capital commits to generating strong returns for investors and supporting underserved families.

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