HOUSTON - Nitya Capital, a national real estate investment firm HQ'd in Houston, announced the acquisition of two Class A student housing properties in the Sunbelt, 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, in Starkville, Mississippi, was acquired from FPA6 The Pointe for an undisclosed amount. The second property is in Greenville, N.C., and acquired from a major unnamed investment management firm for an undisclosed amount. The two Class A properties contain 1,829 beds and are located near high-growth universities. Student housing is a critical investment opportunity for some investors, given the increased need for academic residency and incoming students per semester. The company is exploring multi-family opportunities in the coming months, targeting university locations in Denton, Ohio; Knoxville, Tenn., and Waco, Texas. (Business Wire 09/13/22) Nitya Capital Acquires Student Housing Properties in Mississippi and North Carolina (acrofan.com)
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