Nitya Capital
Has anyone heard of Nitya Capital in Houston? I saw on Google that they lost a lawsuit and paid a huge fee. Wondering what the reputation, comp, culture/hours are like
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Comments (22)
I have heard they are artificially inflating their returns from a buddy of mine. I see their ads all the time.
I just see their CEO humble bragging on LinkedIn all the time.
Guy seems like a total d-bag. I hate it when firms founders make it all about them. Firms like Nitya and Cardone are the worst in culture because everything revolves around the CEO.
They are a bunch of scam artist patels
Do they have institutional capital, or is it all syndication money? The founder seems to have a legit background in REPE.
They seem to bid on every marketed multi deal in the southeast. They've become quite the punchline at my shop.
Was the settlement disclosed?
$62mm
Have a buddy who worked there and got pumped work wise. Their reputation is that of a bucket shop and really are a laughing stock in houston. Everyone jokes about them blowing up but it will probably happen. I mean just take a look at their office and it should tell you all you need to know. I saw their commercial today and it was touting a 36%IRRand thenthere was some really special fine print down at the bottom. To be perfectly honest, knowing their reputation I don't think I'd work there if they offered me double my salary. All things considered, I would avoid like the plague
Yea those advertised returns were ridiculous and make no sense. They probably have a huge marketing budget because they are spamming CNBC and other financial channels/websites like crazy. Anyone know what their typical fee structure is?
Yep being from Houston and went to school in Texas - can confirm they are a total joke and everyone thinks they will blow up - that being said they haven't failed yet and maybe they are overpaying for assets and cap rate compression is just bailing them out.
They are buying andtradingin institutional quality assets tho so I would assume comp is pretty comparable to other smaller acquisitions firms in Houston.
To echo above, scam artist would be putting it in a positive light.
As someone above mentioned, they are claiming 36%IRRon past investments for multifamily. This could largely be a byproduct of timing as they bought earlier in the decade and realized significant gains due to cap rate compression. However, I can't think of a singleMFsponsor that does acquisitions claiming that level of return in the last few years.
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Their Principal, whos very Indian, is the most Pro-Trump Trump guy you'll ever meet. Take that for whatever you will.
Funny as majority of Indian Americans overwhelmingly vote democratic. They are up there with Jewish and African American voters who have been reliably democratic voters for decades.
Lol maybe my post wasn't clear, but that little irony you pointed out was my point.
Isn't Nitya based in TX. When in Rome.
There are also a lot of Pro-Trump Indians, based on the bromance Trump and Modi( Prime Minister) had.
I wouldn't really say 'a lot.' Something like 75% of Indian voters who participated in 2020 went for Biden. That's a pretty clear margin.
There are fobs who can be chest thumping loud folks on social media but they are a small group of contrarians and then you have Indian Americans. Only one of them can vote and those who can vote are reliably democratic voters and have been for decades. 2020 did not have great analysis but with the data we have, if I recall 75%+ voted against Trump. 2016 had some pretty good data from the Asian American Legal Defense Fund and 85% of Indian Americans voted against Trump.https://www.npr.org/2017/04/18/524371847/trump-lost-more-of-the-asian-a…
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