AUSTIN, Texas, Feb. 12, 2025 -- HPI, a leading Texas-based real estate investment firm specializing in self-storage, industrial, office and multifamily assets, today announced the successful final closing of HPI Self Storage Fund IV ("Fund IV") with total capital commitments in excess of $58MM. The fund received strong support from many of HPI's legacy investors as well as new investors, demonstrating continued confidence in HPI's investment strategy and track record.
Fund IV will be targeting 10-12 institutional grade self-storage assets throughout the United States via acquisition, development, preferred equity, debt or other instruments. The fund seeks to deliver attractive, risk-adjusted returns through strategic asset selection, optimized property management, and prudent leverage, while offering limited partners the tax benefits of depreciation.
"The successful closing of Fund IV reflects the strong relationships we've built with our investor base and their confidence in our ability to execute in the self storage sector," said Jon Erickson, Strategic Investments Partner at HPI. "With nearly $300 million raised across four funds and several direct investments, we continue to demonstrate our ability to identify and capitalize on compelling opportunities in this resilient asset class."
HPI's investment strategy focuses on:
- Acquiring Class A self storage facilities in high-growth, undersupplied markets
- Maintaining conservative debt levels to manage risk
- Creating value through strategic positioning and operational improvements
- Providing tax-efficient returns through depreciation benefits
HPI Real Estate Services & Investments brings 33 years of comprehensive commercial real estate expertise to every client engagement. As a full-service firm Texas based real estate firm specializing in development, property management, leasing, tenant representation and investment, we leverage our 360-degree industry perspective to maximize property value and overcome complex real estate challenges. Our veteran 200+ person team has built enduring client relationships through proven performance, unwavering integrity, and best-in-class service.
Please reach out to Rich Bouchner, Senior Director of Investor Relations at 390079@email4pr.com with any questions or to inquire about HPI's upcoming multifamily development investment opportunities in Fort Worth, Texas and Austin, Texas.
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