Miami-based Adler buys 467,000-square-foot Houston portfolio in joint venture

A joint venture between the Miami-based Adler Real Estate Fund and Kawa Capital Management has purchased a 467,000-square-foot commercial portfolio in Houston that includes 16 buildings. The properties, which are located near Houston’s business districts and the George Bush Intercontinental Airport, are highlighted by the 152,173-square-foot Plaza Southwest. The Adler Real Estate Fund is a discretionary fund managed by Adler Group. Miami Beach-based Kawa is an independent asset management firm.  “Adler Fund’s newly-acquired portfolio in Houston is a unique investment opportunity in one of the fastest-growing markets in the country,” Adler President Matthew Adler said. The seller was a joint venture between Insite Commercial Real Estate and Carval, which was represented by Holliday Fenoglio Fowler’s Rusty Tamlyn. — Alexander Britell