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HOUSTON — A joint venture between Miami-based Adler Real Estate Fund and Kawa Capital Management has purchased 16 properties totaling 467,000 square feet of office and industrial space in the Houston area. The newly acquired assets include 152,173 square feet of space at Plaza Southwest; 98,008 square feet of space at Crescent Ten; 97,332 square feet of space at Commerce Park North; 71,673 square feet of space at Technipark Ten and 47,816 square feet at Westchase Park. The portfolio is 96 percent leased to tenants including ExxonMobil, Samsung, Ryder, Schlumberger and Alford Services. Rusty Tamlyn of HFF represented the seller, a joint venture between Insite Commercial Real Estate and Carval.