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HPI Real Estate Launches Equity Funds to Pursue Self-Storage Acquisitions, Developments
Headquartered in Austin, Texas, HPI Real Estate is a full-service commercial real estate firm with additional offices in Dallas, Houston and San Antonio

January 5,2022: HPI Real Estate Services & Investments has closed funding for its third self-storage investment fund. Fund III will initially pursue development and select acquisition opportunities in Florida, Nevada and Texas. 

“With a strong follow-on investment from existing Fund I investors, we were fortunate to be significantly oversubscribed for Fund III from our initial fund size of $50 million,” Erickson said. “The pipeline is strong, with six sites under contract and the first closing occurring at the end of December.”

HPI’s previous funds include investments in Bradenton, Florida; Houston and San Antonio, Texas; and Las Vegas. With the closing of Fund III, the company has $195 million in self-storage investments under management, including two Opportunity Zone funds, the release stated.
Source: https://www.insideselfstorage.com/investing-and-real-estate/hpi-real-estate-launches-equity-funds-pursue-self-storage-acquisitions