#United States #Austin #HPI Real Estate #Self Storage Fund #Austin Texas

HPI's Successful Fund IV Closing

HPI, a prominent Texas-based real estate investment firm, has officially closed its Self Storage Fund IV with over $58 million in capital commitments. This significant milestone reflects strong backing from both longstanding investors and new participants, underscoring robust confidence in HPI's proven investment strategies and performance in the self-storage market.

In a press release dated February 12, 2025, HPI's Strategic Investments Partner, Jon Erickson, expressed gratitude towards investors for their continued support. "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," Erickson stated.

Investing in Growth

HPI Self Storage Fund IV aims to target between 10 to 12 institutional-grade self-storage assets across the United States. The fund will engage in acquisition, development, preferred equity, debt, and other financial instruments to meet its investment goals. HPI is devoted to generating attractive, risk-adjusted returns by focusing on strategic asset choices, optimizing property management, and using responsible leverage to ensure minimal risk. Furthermore, this undertaking offers limited partners the additional advantage of tax benefits through depreciation.

Established Investment Strategy

HPI prides itself on maintaining a robust investment strategy that includes:

• - Acquisition of Class A self-storage facilities situated in fast-growing, undersupplied markets
• - Conservative debt management to mitigate risk exposure
• - Value creation through strategic positioning and operational enhancements
• - Maximized tax-efficient returns leveraging depreciation benefits

With approximately $300 million raised across four funds and multiple direct investments, HPI showcases its capability to seize compelling opportunities in the resilient self-storage sector. Having mastered the intricacies of commercial real estate, HPI has built its reputation over the past 33 years as a comprehensive service provider in areas like development, property management, leasing, and investment.

HPI boasts a committed team of over 200 seasoned professionals who are dedicated to fostering lasting relationships built on proven performance and integrity. Their collective experience equips them to navigate and succeed in complex real estate challenges while maximizing property value for investors.

For inquiries about HPI’s forthcoming multifamily development investment opportunities in Fort Worth and Austin, Texas, interested parties can reach out to Rich Bouchner, Senior Director of Investor Relations, at [email protected]

Conclusion

This landmark closing not only highlights HPI’s successful approach within the self-storage investment landscape but also sets a trajectory for future growth as it targets high-potential assets across the country. The firm’s impressive track record and holistic understanding of market dynamics play crucial roles in reassuring investors and boosting confidence in continued collaborations ahead. As the self-storage sector continues to thrive, HPI Real Estate Services remains poised to capitalize on emerging opportunities.

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