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HPI Real Estate secures financing for Dallas-area self-storage facility
Transactions - JUNE 10, 2024

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HPI Real Estate secures financing for Dallas-area self-storage facility

by Denise Moose

HPI Real Estate announced that it secured financing for Anna Self Storage, an 840-unit self-storage facility in Anna, Texas.

JLL worked on behalf of the borrower to secure the five-year, floating-rate acquisition loan with Security National Bank.

Anna Self Storage is located at the intersection of Ferguson Parkway and Highway 455 in the heart of Anna, surrounded by retail and residential development. The property is the newest self-storage facility in the trade area.

Completed in 2023, the two-story facility totals 103,000 square feet. The climate-controlled building is in lease-up, with 30 percent of the units occupied at the time of the loan closing.

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