Nikita Zhitov is a commercial real estate investor and developer, based out of Raleigh, NC. Nikita began his career in real estate at the age of 18 when he acquired his first apartment building while still in high school. Since the beginning of his investment career, Nikita has acquired and/or developed hundreds of properties in the continental United States as well as overseas. His experience in the industry includes renovations of historic landmarks, ground-up construction of mixed-use multifamily projects, land entitlements, adaptive reuse of retail and industrial buildings, build-to-suit and ground lease transactions with national retailers, residential subdivision developments, condo conversions, and luxury housing construction.
In addition to his investments, Nikita has completed over 500 brokerage transactions earning a prestigious CCIM, SIOR and ALC designations. Nikita is the published author of an industry-specific book on commercial real estate – “Expandability of Investment Real Estate”. Nikita is a graduate of a prestigious North Carolina School of Science and Mathematics where endowed research program in Quantum Physics in 2024.
In 2022, Zhitov founded the Nikita Zhitov Foundation for Real Estate Education a registered 501c3 nonprofit organization that selects from student applicants to offer academic scholarship awards and pay for real estate training for North Carolina high school seniors to obtain their North Carolina broker’s license. In addition to mentoring and paying for commercial real estate school and licensing, the foundation offers a full scholarship to a selected student to attend an in-state college or university with a real estate business major or concentration.
Nikita is a recognized local business leader, philanthropist, and a motivational speaker. Nikita and his wife Kristina are young parents of two young kids, Lilya(3.5) and Timur (1). Nikita’s hobbies include spending time with family, meditation, reading, tennis, horseback riding, and classical music. Nikita is a private pilot and is fluent in Russian and English.
