JLL Capital Markets has successfully arranged financing for Anna Self Storage, an 840-unit self-storage facility located in Anna, Texas. Acting on behalf of the borrower, HPI Real Estate, JLL secured a five-year, floating-rate acquisition loan from Security National Bank.
Situated at the intersection of Ferguson Parkway and Highway 455, Anna Self Storage is strategically placed in the heart of Anna, amidst a growing area of retail and residential development. This property, completed in 2023, stands as the newest self-storage facility in the trade area and boasts a total of 103,000 square feet spread over two stories. At the time of the loan closing, the climate-controlled building was in the lease-up phase with 30% occupancy.
HPI Real Estate, headquartered in Austin, Texas, has a robust portfolio that includes the development and acquisition of over 40 self-storage properties. Jonathan Vollinger, Director of Acquisitions at HPI, expressed optimism about the acquisition, stating, “We’re always looking to bolster our portfolio with strategically-located assets in our backyard. We remain especially bullish on the long-term prospects for the DFW metroplex. The Anna acquisition adds to our existing portfolio in the area and further represents the opportunity to own the premier storage facility along the I-75 corridor.”
The JLL Capital Markets team representing the borrower was led by Managing Director Casey Wenzel, Director John Bauman, and Associate Luke Rogers. JLL Capital Markets is renowned for its comprehensive global capital solutions, offering services such as investment sales and advisory, debt advisory, equity advisory, and recapitalization. With more than 3,000 specialists worldwide and offices in nearly 50 countries, JLL delivers best-in-class solutions tailored to the needs of real estate investors and occupiers.
This financing arrangement for Anna Self Storage underscores the growing demand for strategically located self-storage facilities in burgeoning areas. The successful acquisition aligns with HPI Real Estate's strategy to enhance its portfolio with prime assets, especially within the dynamic DFW metroplex region.
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