The refinancing of the Interlace property, which had been previously flagged by media reports as a potential foreclosure candidate, serves as a high-stakes test of the firm's capital preservation strategy. By opting to defer management fees and inject additional sponsor capital, Nitya Capital successfully navigated the complex Public Facility Corporation structure of the asset. This transaction brings the firm’s total refinancing and debt repayment activity to approximately $1.5 billion over the last two years, a period defined by the U.S. 10-year Treasury yield hovering near 4.7%.

Swapnil Agarwal, founder and CEO of Nitya Capital, framed the move as a direct response to industry skepticism regarding multifamily owners’ ability to withstand rising capital costs. With the portfolio stabilized, the firm is shifting its focus toward aggressive expansion. Having already acquired 1,300 multifamily units in 2026, with an equal amount currently under contract, the company aims to leverage current market dislocations to secure new acquisitions. This shift signals a transition from defensive asset management to growth, backed by a track record of $10 billion in total real estate transactions since 2013.