HPI has held a final closing for its HPI Self Storage Fund IV with total capital commitments in excess of $58 million.
HPI Self Storage Fund IV will be targeting 10 to 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.
“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.
