HPI Real Estate Acquires Self Storage In Anna, Texas With Loan From Security National Bank

An 840-unit, 103,000-square-foot self-storage facility located at 501 South Ferguson Parkway in Anna, Texas has been acquired by HPI Real Estate. The facility was 30% occupied at the time of closing and is currently operated by Life Storage.

Summary of transation details:

• Property Type: Self Storage
• Transaction Amount: Not specified
• Address: 501 South Ferguson Parkway
• Market: Anna
• Units: 840

Casey Wenzel, John Bauman, and Luke Rogers from JLL facilitated a five-year, floating-rate acquisition loan through Security National Bank for the property. Dick Anderson of HPI Real Estate led the acquisition as the buyer.