Key Takeaways
- • Nitya Capital, a Houston-based U.S. real estate investment firm, is expanding into the United Arab Emirates with an office scheduled to open in January 2023, according to a Business Wire release dated September 20, 2022.
- • The UAE branch will target family offices, institutions, and high-net-worth investors seeking direct exposure to U.S. multifamily real estate.
- • Nitya reports more than $3 billion in assets under management, over $2.5 billion in exited assets, and 25%+ total generated net returns for investors since its 2013 launch.
- • Rasheed Chahal, named Middle East Partner and Managing Director for the UAE location, brings more than 15 years of experience across North American and Middle Eastern real estate and capital markets.
- • The expansion follows Nitya's India office opening in 2020 and recent capital raises in the Middle East, which the company describes as a key hub.
Summary
Nitya Capital, a privately owned national real estate investment firm headquartered in Houston, Texas, announced it is expanding into the United Arab Emirates as part of its continuing global growth strategy, according to a Business Wire release. The company plans to open a UAE office in January 2023 to broaden its investor base and offer direct access to U.S. real estate investments amid shifting global economies and stock market volatility.
The company framed the move as a response to growing global demand for alternative investments in U.S. real estate, particularly multifamily assets. The UAE branch will focus on locally sourced investors, specifically family offices, institutions, and high-net-worth individuals. Nitya CEO Swapnil Agarwal described the Middle East as a very important hub for the firm, citing recent successful capital raises in the region and recent overseas investment deals with one of the UAE's largest institutional groups.
Rasheed Chahal, Nitya's Middle East Partner and Managing Director for the new location, will oversee internal and regional developments and work with investors on U.S. real estate transactions. Chahal said multifamily housing continues to benefit from population growth and a shortage of supply, and that real estate remains an attractive hedge against rising inflation.
Nitya states it has partnered with large institutions across North America, explored several student housing portfolios, and grown its assets under management to more than $3 billion. The firm also reports it has exited over $2.5 billion in assets and generated 25%+ total net returns for investors since its 2013 launch. These figures are company-reported and were not independently verified in the release. The company's online investing platform is open to interested parties.
The company framed the move as a response to growing global demand for alternative investments in U.S. real estate, particularly multifamily assets. The UAE branch will focus on locally sourced investors, specifically family offices, institutions, and high-net-worth individuals. Nitya CEO Swapnil Agarwal described the Middle East as a very important hub for the firm, citing recent successful capital raises in the region and recent overseas investment deals with one of the UAE's largest institutional groups.
Rasheed Chahal, Nitya's Middle East Partner and Managing Director for the new location, will oversee internal and regional developments and work with investors on U.S. real estate transactions. Chahal said multifamily housing continues to benefit from population growth and a shortage of supply, and that real estate remains an attractive hedge against rising inflation.
Nitya states it has partnered with large institutions across North America, explored several student housing portfolios, and grown its assets under management to more than $3 billion. The firm also reports it has exited over $2.5 billion in assets and generated 25%+ total net returns for investors since its 2013 launch. These figures are company-reported and were not independently verified in the release. The company's online investing platform is open to interested parties.
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