HPI, a leading Texas-based real estate investment firm specializing in self storage, industrial, office and multifamily assets, today announced the successful final closing of HPI Self Storage Fund IV (“Fund IV”) with total capital commitments in excess of $58MM. The fund received strong support from many of HPI’s legacy investors as well as new investors, demonstrating continued confidence in HPI’s investment strategy and track record.

Fund IV will be targeting 10-12 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.