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.