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SAN ANTONIO, AUSTIN AND DUNCANVILLE, TEXAS — Nitya Capital has sold four communities in Texas to Lone Star Capital and Nord Group, respectively, for an undisclosed price. All four assets were acquired by Nitya within the last four years. According to Nitya, the firm renovated the interiors and exteriors of the properties, as well as the pools, kitchens and leasing offices. Nitya Capital also added new amenities to the communities. The sold properties include:
- Candlelight Park Apartments, a 128-unit community in Duncanville, which is a southwest suburb of Dallas. The property was purchased by Lone Star Capital.
- Terrain at Medical Center, a 224-unit complex in San Antonio’s South Texas Medical Center, was purchased by Nord Group.
- Latitude Apartments, which is also located in San Antonio’s South Texas Medical Center, has 268 units. The complex was purchased by Nord Group.
- Park at Crestview in Austin, which has 248 units and was also purchased by Nord Group.