HPI Closes Fourth Self-Storage Fund at $58M

HPI Real Estate Services & Investments, a Texas-based firm specializing in self-storage, industrial, office, and multifamily assets, has held the final close of its fourth self-storage fund, securing more than $58 million in commitments from legacy and new investors.

HPI Self Storage Fund IV will target 10-12 institutional grade self-storage assets throughout the U.S. through acquisition, development, preferred equity, debt or other instruments.

The fund’s strategy focuses on the acquisition of Class-A self-storage facilities, conservative debt levels, operational improvements, and depreciation benefits.

“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,” said Jon Erickson, Strategic Investments Partner at HPI.