HFF Records More Than $55B in Deals in 2013

PITTSBURGH-Locally-based commercial real estate and capital markets services firm HFF and its operating partnerships estimate that they recorded a record-high of more than $55 billion in transactions in 2013.

The year-end transaction total was 33% higher than the $41.9 billion in transactions recorded in 2012 and easily eclipsed the previous record of $43.5 billion in 2007 by approximately $11.5 billion or nearly 26.5%. The operating partnerships of HFF consist of Holliday Fenoglio Fowler, L.P. and HFF Securities, L.P.

The 2013 transaction business involved approximately 1,600 transactions across HFF's debt placement, investment sales, equity placement, structured finance and loan sales capital market platforms. This figure excludes transaction volume relating to HFFS's advisory and consulting assignments, company officials state.

“We believe both our total transaction volume and the number of transactions closed during 2013 are reflective of our prudent strategic investments, our disciplined approach to managing the business, our high integrity and talented associates, our client-centric service approach of providing superior value-add capital market solutions, and the improving economic and capital markets conditions for the types of transactions on which HFF and HFFS are focused,” HFF CEO John H. Pelusi, Jr. states.

He continues, “We also believe they are a reflection of our increasing market share as evidenced by the fact our 2013 transaction volume in excess of $55 billion is nearly 26.5% above our previous record transaction volume of $43.5 billion in 2007, which likewise remains a record year for total U.S. transaction volumes in both the investment sales and debt placement markets.”