Tides on 51st, Phoenix
Now Open For Accredited Investors Only

Invest in 872 Sunbelt Units at a 32% Discount With a 16.6% Average Annual Yield

Access a lender-sourced multifamily portfolio across Austin, Dallas, Phoenix and Las Vegas with quarterly distributions targeting 16.6% average cash yield and 42% net IRR over 3 years. $100k minimum.

0%
target IRR*
0%
average cash yield*
150-200%
Year 1 tax write-off*
0x
equity multiple*

Book your 30-minute investor briefing call

Pick a time and the Nitya investor relations team will walk you through the portfolio, the financing and the numbers, and answer your questions.

1

Schedule a call

Pick a time below for 30 minutes with investor relations. No obligation to invest.

2

Review the offering

We send the full deal deck, the financial model and the offering memorandum for Project AV².

3

Invest and receive distributions

Fund your investment, then receive quarterly reporting and distributions from cash flow.

Project AV² is open to verified accredited investors under Rule 506(c). Minimum investment $100k.

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The Deal

Overview of our multifamily deal

Nitya bought 5 apartment communities, 872 units in total, directly from 3 institutional lenders for $95.0MM. That price is 32% below what the same properties were worth in 2021. Here is why the lenders sold that low.

The Marion, Dallas
Tides on 51st, Phoenix
Verde Apartments, Austin
1

Loans from 2020-22 matured into 7% rates

Billions in multifamily debt was written when rates were near zero. When those loans matured, the prior owners could not refinance, even on properties that kept performing.

2

The lenders took the keys

3 institutional lenders ended up holding these 5 communities. Lenders are not apartment managers, and holding foreclosed real estate costs them money. They need experienced buyers they trust.

3

They sold to Nitya at a discount, and financed it

Nitya acquired the portfolio at $95.0MM, 32% below its recent values, and the selling lenders provided $82.9MM of the purchase price at a 2.9% fixed rate. Financing like this is not available on the open market.

SITE Fifty55, Las Vegas

The return profile of the deal

Distributions are paid quarterly and start from day one. Every figure below is net to investors, after all fees.

0%
average annual cash yield*
0%
net IRR over the 3-year hold*
0x
net equity multiple*
0%
below the 2021 values at purchase

What drives those returns

Every driver below was locked in at purchase: the price, the financing and the lease-up plan. The market does not need to improve for the math to work.

Purchase price per unit
$95.0MM for 872 units
$108,978
Below replacement cost
$250K+ per unit to build today
56%
Fixed seller financing
$82.9MM · 87% of purchase price
2.9%
Occupancy plan
Lease-up, not speculation
74% → 94%
Est. Year 1 depreciation
Invest $100K, deduct up to $200K*
150-200%
Total investor equity
Low equity, high current yield
$18.6MM
The Portfolio

The 5 properties you would own

Your investment buys ownership in these 5 apartment communities across Austin, Dallas, Phoenix and Las Vegas. All 5 are fully built and operating today. They sold below their value because of the previous owners' debt, not their condition.

The Marion, Dallas

The Marion

Dallas, Texas

326 Units · $104K Per Unit
Verde Apartments, Austin

Verde Apartments

Austin, Texas

190 Units · $80K Per Unit
Tides on 51st, Phoenix

Tides on 51st

Phoenix, Arizona

214 Units · $107K Per Unit
SITE Fifty55, Las Vegas

SITE Fifty55

Las Vegas, Nevada

86 Units · $148K Per Unit
SITE Summit North, Las Vegas

SITE Summit North

Las Vegas, Nevada

56 Units · $183K Per Unit
Our Strategy

Our strategy in 4 steps

We do not need to wait for rate cuts or cap rate compression. The returns come mainly from buying the units at a discount and bringing occupancy back to normal.

1

Stabilize occupancy

Take the portfolio from 74.2% occupied to 93.9% with Nitya's in-house management, AI-enabled leasing and completed make-readies.

2

Grow the income

NOI climbs from $6.3MM in Year 1 to $8.2MM at stabilization, driven by lease-up and expense control rather than speculative rent growth.

3

Refinance the debt

Stabilized occupancy and higher NOI open agency, bank and CMBS refinancing, replacing the seller financing with long-term permanent debt.

4

Return your capital

The refinancing targets returning a substantial portion, or all, of investor equity while you keep your full ownership and the upside.

Downside Protection

3 layers of downside protection

1

1.5x even at today's price

With 50% of equity projected back through distributions during the 3-year hold, investors are projected to reach a 1.5x multiple even if the portfolio sold at today's depressed entry price.

2

56% below replacement cost

All-in cost of $116K per unit against $250K+ per unit to build new. New supply cannot undercut you when building costs more than twice what you paid.

3

Liquidity from day one

The investment will be listed on USREM, a secondary real estate investment marketplace, so you can sell or borrow against your interest before the exit if life changes.

The Marion, Dallas

Nitya has 82 realized exits with 0 investor losses

Nitya Capital has managed multifamily real estate since 2013 and manages its properties in-house. Nitya invests its own capital alongside yours in every deal.

0
full-cycle exits since 2013
$0B+
returned to investors
0
investor capital losses
0+
units bought from lenders in 2026

Harbor Sky · Portland

Acquired 2024 at 77% occupancy. Now 93% occupied under Nitya management, the same lease-up playbook planned for Project AV².

Tides at Spring Mountain · Las Vegas

Acquired 2025 at 61% occupancy. Now 90% occupied, proving the model works even from a far deeper starting point than AV²'s 74%.

FAQ

Questions investors ask us first

Who can invest in Project AV²? +
This is a 506(c) offering open to accredited investors. You qualify if you earned $200K+ in each of the last 2 years ($300K+ jointly with a spouse), or hold $1MM+ in net worth excluding your primary residence. Accreditation is verified during onboarding.
What is the minimum investment? +
The minimum investment is $100K. Larger allocations and entity investments (LLCs, trusts, self-directed IRAs) are discussed on your call with investor relations.
How long is my money committed? +
The target hold is 3 years. Two things can shorten your effective commitment: the planned refinancing targets returning a substantial portion of your capital before exit, and the investment will be listed on USREM, a secondary marketplace where you can sell or borrow against your interest at any point.
When do distributions start, and how much? +
Distributions are paid quarterly and start from day one, because the 2.9% seller financing makes the portfolio cash flow positive immediately. Projections average 16.6% annual cash-on-cash: 14.0% in Year 1, 18.8% in Year 2 and 17.1% in Year 3.
What are the tax benefits? +
The offering estimates 150-200% first-year depreciation through cost segregation and bonus depreciation. That means a $100K investment is estimated to generate $150K-$200K in first-year paper losses that can offset passive income. You receive a K-1 each year. Your outcome depends on your tax situation, so confirm with your CPA.
What protects my downside? +
The price we paid. We bought at $109K per unit against $160K recent values and $250K+ replacement cost, with fixed 2.9% debt and no near-term maturity pressure. Even a sale at today's depressed price is projected to return roughly 1.5x once distributions are counted. The properties were never the problem; the prior owners' debt was.
Why would lenders sell this cheap and finance the buyer? +
Because owning foreclosed apartments is worse for a lender than a clean, financed sale to a proven buyer. Lenders are required to hold reserves against owned real estate, they have no management capability, and a financed sale at 2.9% converts a problem asset back into a performing loan. Nitya has closed 5 lender-sourced acquisitions totaling 1,300+ units since the start of 2026.
What are the fees? +
The deal carries a standard asset management fee and a GP performance share, both detailed line by line in the confidential offering memorandum you receive after your call. All return figures shown on this page (16.6% cash-on-cash, 42% IRR, 2.64x) are net to investors, after all fees.
What happens on the briefing call? +
A 30-minute private call with Nitya's investor relations team. We walk through the portfolio, the financing and the numbers, send you the full deal deck and offering memorandum, and explain the subscription steps if you decide to move forward. There is no obligation and no pressure.

Secure your allocation in Project AV²

Book your 30-minute investor briefing call. You get the full deal deck and offering memorandum, review the financials with the Nitya team, and decide from there.

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