The Kirby Interchange comprises 27,264 sq. ft. of leasable space spread across eight buildings, with a total site area of 58,801 sq. ft. The predominant use is as office space. The Kirby Interchange is strategically located at the intersection of Kirby Drive and Houston’s 610 Inner Ring Road, just one mile from NRG Stadium, and in the growth path of the Texas Medical Center, the largest medical center in the world.

ROY sold the Kirby Interchange project for USD 35 million in February 2020 after a holding period of approximately 2.5 years. ROY has successfully increased occupancy rates and increased rental income, as well as made investments in the project. The result can be seen in the following property video.

First US

Real Estate Investment

Project bought for $24,700,000

Followed by investments for improvements of approx. USD 2mio.

Gross Rental

income approx. 2.6mio USD pa. plus exit return

~18% annualized return

return Cap rate of 7.5%

Hold period

of 2.5 years

Project sold

for $35,000,000 well above budget