HPI Real Estate Services & Investments

What HPI Real Estate Services & Investments does

HPI Real Estate Services & Investments is a private, full-service commercial real estate firm headquartered in Austin, Texas, founded in 1992 by three former Trammell Crow executives (Richard Hill, Dick Anderson, and D. Kent Lance). The firm operates across five Texas metros — Austin (HQ), Dallas, Fort Worth, San Antonio, and Houston — with a 200+ person team that provides leasing, tenant advisory (via the HPITA division founded in 2000), asset and property management, commercial development, multifamily development (HPI Residential, founded 2011), and strategic investments (HPI Strategic Investments, founded 2018). Its active portfolio spans more than 33 million square feet across office, industrial, self-storage, senior living, and student housing assets, with cumulative completed development exceeding $4 billion over 28 years in Central Texas.

HPI's revenue model combines transactional and recurring streams: leasing commissions on owned and third-party assets, ongoing property and asset management fees from institutional investors (TA Realty, Colony Industrial, Stonelake Capital, Hillwood), development fees on speculative, build-to-suit, and ground-up projects, and investment returns from four self-storage funds that have collectively raised nearly $300 million. The firm serves both sides of the market — corporate tenants through HPITA (including Indeed, H-E-B, Willis Towers Watson, Tanium, BigCommerce, Tiff's Treats, and Periscope Holdings) and capital partners through co-GP investment vehicles (notably with Solera Senior Living and Horne Development for self-storage and senior living).

The firm has no disclosed proprietary technology platform, patents, or AI/ML capabilities; competitive differentiation rests on long-tenured broker relationships, multi-city Texas coverage, and a vertically integrated service offering. Strategic capital has accelerated since 2025 with the close of Self Storage Fund IV ($58M+), an 829-unit Fort Worth multifamily development, and a lead role in NanoTech Materials' $29.4M Series A.

Name

HPI Real Estate Services & Investments

Legal name

HPI Real Estate Services & Investments

Website

https://hpitx.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

101–250 employees

Short description

HPI Real Estate Services & Investments is a private Austin-based, full-service commercial real estate firm founded in 1992 that provides leasing, tenant advisory, development, and investment services across Texas through five offices and a 200+ person team.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Other Activities Related to Real Estate (531390), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industries

Office Real Estate Asset Management (BPAJAMAG), Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA), Healthcare & Senior Housing Real Estate Asset Management (BPAJAMAH), Real Estate Advisory & Consulting (Strategy, Portfolio & Location) (FSAEAJAH)

Keywords

• Commercial real estate services
• Tenant representation
• Property management
• Commercial development
• Real estate investment

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Leasing Commissions: Earned through leasing commercial properties to tenants, both for owned assets and third-party clients
2. Property Management Fees: Ongoing fees for managing commercial properties for institutional and private investors
3. Asset Management: Fees for overseeing investment portfolios and optimizing asset performance
4. Development Fees: Fees from ground-up development, build-to-suit, and speculative commercial projects
5. Strategic Investment Returns: Returns from self-storage, senior living, and student housing investments through funds and direct investments

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

HPI Real Estate Services & Investments is a full-service commercial real estate firm providing leasing, tenant advisory, asset and property management, commercial development, strategic investments, and multifamily development services. The firm manages a portfolio of more than 33 million square feet across Texas markets including Austin, Dallas, San Antonio, Houston, and Fort Worth, serving institutional investors, property owners, and corporate tenants.

Product overview

HPI Real Estate Services & Investments is a full-service commercial real estate firm offering a comprehensive suite of services rather than a unified software product. The core offerings include Leasing Services, Tenant Advisory (HPITA), Asset & Property Management, Commercial Development, Strategic Investments, and Multifamily Development. These services are delivered through a 200+ person team across Austin, Dallas, Houston, San Antonio, and Fort Worth offices, targeting commercial tenants, asset managers, and investors in the Texas market.

Differentiator

Problem solved

Functional benefit

Products and services

• Leasing Services Award-winning leasing services providing exceptional value for clients through deep local market insight and customized, data-backed solutions for office, industrial, and investment properties.
• Tenant Advisory Strategic tenant representation services delivering high satisfaction and asset performance for companies and professional service firms seeking commercial real estate solutions.
• Asset & Property Management Comprehensive property and asset management services ensuring accurate reporting, optimal performance, and trusted marketplace relationships for institutional investors and private property owners.
• Commercial Development End-to-end commercial development services from site selection to final delivery, including speculative, build-to-suit, and ground-up projects, with over $1 billion in completed projects.
• Strategic Investments Investment services targeting self-storage, senior living, and student housing assets, backed by seasoned professionals and best-in-class industry partners.
• Multifamily Development High-performing multifamily asset development with strategic design and positioning.

Quantifiable outcome

• Increased building occupancy from 48% to 73% in 14 months at Ross Tower
• +4 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core, major and minor.

• Solera Senior LivingcoreStrategic or Co-development PartnerHPI created multiple direct investment partnerships with Solera Senior Living as GP co-investment and co-development partner. Currently have investments in Colorado, Maryland, and Texas. The Reserve by Solera Senior Living in Austin is adjacent to Lake Austin with luxury Hill Country setting.
• Horne Development (Hugh Horne and Vicki Aponik)coreStrategic or Co-development PartnerDevelopment and acquisition venture with Horne Development to create a national self-storage portfolio. Capital covers operating overhead, pursuit costs, and co-investment. Fund I fully committed across 11 assets in Florida, Texas, Nevada, and California.
• Stonelake Capital PartnerscoreStrategic or Co-development PartnerPartnership for Domain development in Austin. Stonelake acquired large building on 30 acres at south end of The Domain, with HPI developing Domain Tower office building. Also collaborated on Westside Village development in Fort Worth with Larkspur Capital LP and Crow Holdings.
• GreystarcoreChannel Partner/ Reseller/ DistributorGreystar is the largest multifamily property manager in the United States. HPI works with Greystar on apartment development projects, with Greystar leasing and managing new communities across the nation.
• H-E-BmajorChannel Partner/ Reseller/ DistributorH-E-B acquired Favor Delivery, for whom HPI provided tenant representation services. HPITA continues to assist H-E-B and H-E-B Digital with further expansion in Austin.
• TA RealtymajorChannel Partner/ Reseller/ DistributorInstitutional real estate investment firm with ongoing relationship with HPI for property management and leasing services
• Colony IndustrialminorChannel Partner/ Reseller/ DistributorInstitutional investor in industrial properties with relationship for property management and leasing
• Hillwood Investment PropertiescoreStrategic or Co-development PartnerPartnered on Hays Logistics Center development - a two-building, 435,000 SF distribution/fulfillment center in Kyle, Texas as part of Hays Commerce Center
• IndeedmajorChannel Partner/ Reseller/ DistributorMajor technology company tenant. HPI completed development of Domain Tower, a 310,000 SF office tower fully leased to Indeed for 15 years to expand their operations in Austin
• Silverton PartnersminorChannel Partner/ Reseller/ DistributorVenture capital firm that introduced HPI to Favor Delivery in 2012, facilitating the tenant advisory relationship
• Larkspur Capital LPminorStrategic or Co-development PartnerPartner for Westside Village development in Fort Worth, alongside Crow Holdings and The Keystone Group
• Crow HoldingsminorStrategic or Co-development PartnerPartner for Westside Village development in Fort Worth, alongside Larkspur Capital LP and The Keystone Group
• The Keystone GroupminorStrategic or Co-development PartnerPartner for Westside Village development in Fort Worth, alongside Larkspur Capital LP and Crow Holdings

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Transwestern Commercial Services: National CRE firm with deep Texas presence in Houston, Dallas, and Austin. Directly competes with HPI on office leasing, tenant representation, and property management.
• Newmark Group: Commercial real estate advisory and services firm offering leasing, investment sales, and mortgage origination. Competes with HPI on Texas office/industrial transactions.
• CBRE Group: Global full-service commercial real estate firm offering brokerage, property management, investment sales, and advisory. Directly comparable to HPI across all service lines but with national/international reach and significantly greater scale.
• JLL (Jones Lang LaSalle): Global commercial real estate services and investment management firm competing across leasing, tenant representation, property management, and capital markets. Closely aligned with HPI's full-service platform.
• Cushman & Wakefield: Global CRE services firm with brokerage, valuation, and property management offerings. Competes with HPI in Texas leasing, tenant advisory, and asset management mandates.
• Colliers International: Global commercial real estate services and investment firm with strong Texas presence. Overlaps with HPI on office/industrial leasing, tenant representation, and property management.
• Avison Young: Global commercial real estate services firm offering brokerage, consulting, and property management. Competes with HPI across Texas markets and overlapping service categories.
• Marcus & Millichap: Investment sales brokerage focused on commercial real estate investment transactions. Adjacent to HPI's Strategic Investments division and capital markets activities, especially self-storage and multifamily.

Regional players

• Holt Lunsford Commercial: Dallas-based commercial real estate firm focused on office leasing and tenant representation. Competes with HPI's Dallas office for similar enterprise tenants (e.g., HPI hired Caroline Hix from Holt Lunsford).
• AQUILA Commercial: Austin-based commercial real estate firm specializing in tenant representation and project leasing. Direct competitor to HPI's Austin office and HPITA division for local office/industrial transactions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/hpirealestateservices
• Instagraminstagram.com/hpi_tx
• Xx.com/HPITX

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HPI Real Estate Services & Investments