Nitya Capital Acquires Houston Office Properties For $46M

The GenCap Group has sold four office properties located at 20333, 20405, 20445, and 20329 State Highway 249 in Houston. The sale was completed on September 11, 2020. The properties have a total square footage of 463,969 and were purchased by Nitya Capital.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $46,000,000
• Seller: The GenCap Group
• Buyer: Nitya Capital
• Lender: Morgan Stanley
• Brokers: Rick Goings, Ethan Goldberg, John Ream, and Laura Sellingsloh - JLL Capital Markets

The loan for the transaction was provided by Morgan Stanley. Rick Goings, Ethan Goldberg, John Ream, and Laura Sellingsloh from JLL Capital Markets represented the sellers and buyers in the deal.