HFF, Inc. (NYSE:HF) announced today the year-end unaudited 2017
transaction volume of HFF, Inc.’s (the “Company’s”) operating
partnerships (which consist of Holliday Fenoglio Fowler, L.P. and HFF
Real Estate Limited (collectively, “HFF”), HFF Securities, L.P. and HFF
Securities Limited (collectively, “HFFS”)).
The Company reported record results for its transaction volume, which it
estimates at approximately $96 billion on 2,355 transactions across the
Company’s debt placement, investment advisory, equity placement and loan
sales capital markets platforms. This figure excludes transaction volume
relating to HFFS’s advisory and consulting assignments, which are not
reported due to the complexity of reporting such volume as disclosed in
the Company’s previous filings with the Securities and Exchange
Commission. HFF’s 2017 annual transaction volume represents a gain of
17.0% over the $82 billion transaction volume closed in 2016. The number
of transactions HFF closed in 2017 – approximately 2,355 – represents an
increase of 154 transactions or 7.0% from the 2016 figure of 2,201.
HFF’s debt placement volume in 2017 is estimated to be approximately
$51.6 billion compared to $40.6 billion in 2016, which represents an
approximate 27% increase.
HFF’s combined investment advisory, equity placement, and loan sales
volume is estimated to be approximately $44.3 billion compared to $41.4
billion in 2016, which represents an approximate 7.2% increase over 2016.
HFF’s commercial loan servicing portfolio balance is estimated to be
approximately $69.8 billion on 3,066 loans serviced as of December 31,
2017, which represents an approximate 20.5% increase from the year-end
2016 portfolio balance of $58.0 billion on 2,807 loans serviced.
The amount of active private equity discretionary fund transactions on
which HFFS has been engaged and may recognize additional future revenue
was approximately $1.82 billion at year-end 2017, down from the 2016
year-end volume of $2.8 billion.
This press release outlines the Company’s production volume totals,
which are calculated from an internal database and have not been
audited. Note that these amounts may be adjusted as the Company
completes its review and audit of its fourth quarter and year-end
results for 2017. No inferences about the Company’s fourth quarter 2017
earnings should be made from this announcement of transaction volume.
The Company’s earnings for fourth quarter 2017 are currently scheduled
to be publicly released in late February 2018. The Company has elected
to release its production volumes at this time in order for HFF and HFFS
to participate in several industry surveys which are important to their
“We believe the above results are due to the incredibly talented
individuals comprising the HFF Team, whose exceptional work ethic,
tremendous competency in the real estate capital markets industry and
unwavering passion to be the very best in their chosen profession
continue to be rewarded by the largest owners of commercial real estate
assets in the U.S.,” said Mark D. Gibson, the Company’s chief executive
About HFF, Inc.
Through its subsidiaries, Holliday Fenoglio Fowler, L.P., HFF Real
Estate Limited, HFF Securities L.P. and HFF Securities Limited, HFF
operates out of 25 offices and is one of the leading and largest
full-service commercial real estate financial intermediaries, providing
commercial real estate and capital markets services to both the
consumers and providers of capital in the commercial real estate sector.
The Company offers clients a fully-integrated capital markets platform
including debt placement, investment advisory, equity placement, funds
marketing, M&A and corporate advisory, loan sales and commercial loan
Certain statements in this press release are “forward-looking
statements” within the meaning of the federal securities laws. Statements
about our beliefs and expectations and statements containing the words
“may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,”
“plan,” “estimate,” “target,” “project,” “intend” and similar
expressions constitute forward-looking statements. These
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the Company’s actual
results and performance in future periods to be materially different
from any future results or performance suggested in forward-looking
statements in this press release. Investors, potential investors
and other readers are urged to consider these factors carefully in
evaluating the forward-looking statements and are cautioned not to place
undue reliance on such forward-looking statements. Any
forward-looking statements speak only as of the date of this press
release and, except to the extent required by applicable securities
laws, the Company expressly disclaims any obligation to update or revise
any of them to reflect actual results, any changes in expectations or
any change in events. If the Company does update one or more
forward-looking statements, no inference should be drawn that it will
make additional updates with respect to those or other forward-looking
statements. Factors that could cause results to differ materially
include, but are not limited to: (1) general economic conditions and
commercial real estate market conditions, including the recent
conditions in the global markets and, in particular, the U.S. debt
markets; (2) the Company’s ability to retain and attract transaction
professionals; (3) the Company’s ability to retain its business
philosophy and partnership culture; (4) competitive pressures; (5) the
Company’s ability to integrate and sustain its growth; and (6) other
factors discussed in the Company’s public filings, including the risk
factors included in the Company’s most recent Annual Report on Form 10-K.
Additional information concerning factors that may influence HFF,
Inc.'s financial information is discussed under "Management's Discussion
and Analysis of Financial Condition and Results of Operations,"
"Quantitative and Qualitative Disclosures About Market Risk" and
"Forward-Looking Statements" in the Company’s most recent Annual Report
on Form 10-K, as well as in the Company's press releases and other
periodic filings with the Securities and Exchange Commission. Such
information and filings are available publicly and may be obtained from
the Company's web site at www.hfflp.com
or upon request from the HFF, Inc. Investor Relations Department at firstname.lastname@example.org.
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