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.
“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.”
“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:
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 RBouchner@hpitx.com or 512.538.0078 with any questions or to inquire about HPI’s upcoming multifamily development investment opportunities in Fort Worth, Texas and Austin, Texas.
Luke joined HPI’s Dallas leasing team in 2018. With a sole focus on office assets, he serves as Director for HPI’s Dallas portfolio and third-party clients. Prior to joining HPI, Luke worked at Dimensional Fund Advisors where he produced performance attribution analyses to support sales activities for the Regional Director of Texas. Luke uses his finance background and market intelligence to provide value for clients, ranging from institutional investors to local owners. Luke was born and raised in Austin, Texas before graduating from TCU with a degree in Finance. Luke resides in Dallas with his wife Kate and is an active member of TREC, NTCAR, YPO Next Generation and Touchdown Club.
Dick Anderson is a founding partner of HPI and serves as its managing partner overseeing day-to-day operations. Building on his quick success with Trammell Crow Company, Dick co-founded HPI in 1992 with two other Trammell executives. With Dick’s leadership, HPI has grown from a four-person development firm to a full-service real estate firm with over 175 employees; offices in Austin, Dallas, Houston and San Antonio; and an active portfolio of over 20 million square feet of office, industrial, self-storage, and senior living product. In those twenty-eight years, Dick and his partners have overseen over $4 billion in office and industrial development in Central Texas. As Managing Partner, Dick runs the day-to-day operations for HPI which includes development and portfolio acquisitions, to leasing and capital investments. Dick began his real estate career as an intern for Trammell Crow Company while at Southern Methodist University. Upon graduation, Dick turned his college internship into a five-year marketing career with Trammell Crow, resulting with him serving as Marketing Director for the company’s industrial division before co-founding HPI.
