HFF Announces $41 Billion 2012 Transaction Volume
HFF, Inc. (NYSE: HF) announced today the year-end unaudited 2012 transaction volume of HFF, Inc.’s (the “Company’s”) operating partnerships (which consist of Holliday Fenoglio Fowler, L.P. (“HFF”) and HFF Securities, L.P. (“HFFS”)), will likely exceed $41 billion on more than 1,300 transactions across the Company’s capital markets platforms, including debt placement, investment sales, equity placement, structured finance and loan sales. 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 2012 annual transaction volume represents nearly a 16.5% gain over the $35.6 billion transaction volume consummated in 2011, which the Company believes reflects both the improving capital markets conditions for the types of transactions HFF and HFFS are focused on as well as its increased market share as a result of the Company’s continual commitment of providing superior value-add services to its clients.
HFF’s debt placement volume in 2012 reached approximately $23 billion compared to $18.7 billion in 2011, which represents a nearly 23% increase over 2011’s debt volume.
HFF’s combined investment sales, equity placement, structured finance and loan sales volume totaled approximately $18.5 billion compared to $17.0 billion in 2011 (which included one unusually large loan sale in 2011’s combined volume), which represents a more than 9% increase over 2011’s combined volume.
HFF’s commercial loan servicing portfolio balance totaled approximately $31.3 billion on more than 2,200 loans serviced as of December 31, 2012, which represents a more than 15% increase from the year-end 2011 portfolio balance of $27.2 billion.
Through HFFS, the volume of active discretionary funds was approximately $2.04 billion at year-end 2012, up more than 10% from year-end 2011 volume of $1.85 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 year-end results. No inferences about the Company’s fourth quarter 2012 earnings should be made from this announcement of transaction volume. The Company’s earnings for fourth quarter 2012 are currently scheduled to be publicly released in early March. 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 respective businesses.Select the service that is right for you!
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