Fowler Property Buys Kirby Collection Mixed-Use Property in Houston for $182M

HOUSTON — Fowler Property Acquisitions, a San Francisco-based investment firm, has purchased The Kirby Collection, a mixed-use property in Houston that consists of 199 multifamily units and roughly 291,000 square feet of commercial space, for $182 million. Built in 2018 on the city’s west side, The Kirby Collection comprises a 25-story apartment complex, a 182,000-square-foot office building and a 60,000-square-foot retail building. Thor Equities sold the property for a per-unit price of approximately $425,000 and a per-square-foot price of $400. Fowler will implement a capital improvement program and rebrand the development as Arrive Upper Kirby.