HFF, Inc. (NYSE: HF) announced today the year-end unaudited 2013 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")).

The Company reported record high-watermarks for both its transaction volume, which it estimates at more than $55 billion, and its number of transactions, which it estimates at approximately 1,600 transactions, across the Company'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, 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 record 2013 annual transaction volume represents a more than 33% gain over the $41.9 billion transaction volume consummated in 2012, and it eclipsed the Company's previous transaction volume high-watermark of $43.5 billion in 2007 by approximately $11.5 billion or nearly 26.5%. The record 2013 number of transactions consummated at approximately 1,600 represents an increase of 18% or more than 240 transactions over the 1,358 total transactions closed during 2012.

HFF's debt placement volume in 2013 is estimated to be approximately $28 billion compared to $23.4 billion in 2012, which represents an approximate 19% increase.

HFF's combined investment sales, equity placement, structured finance and loan sales volume is estimated to be approximately $28 billion compared to $18.5 billion in 2012, which represents a more than 50% increase over 2012.

HFF's commercial loan servicing portfolio balance is estimated to be approximately $33 billion on nearly 2,300 loans serviced as of December 31, 2013, which represents an approximate 8% increase from the year-end 2012 portfolio balance of $31.3 billion on 2,281 loans serviced.

Through HFFS, the volume of active discretionary funds was approximately $1.55 billion at year-end 2013, down from year-end 2012 volume of $2.04 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 2013. No inferences about the Company's fourth quarter 2013 earnings should be made from this announcement of transaction volume. The Company's earnings for fourth quarter 2013 are currently scheduled to be publicly released in early March 2014. 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.

Business Comments

"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. 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," said John H. Pelusi, Jr., the Company's chief executive officer.

About HFF, Inc.

Through its subsidiaries, Holliday Fenoglio Fowler, L.P. and HFF Securities L.P., the Company operates out of 22 offices nationwide and is one of the leading providers of commercial real estate and capital markets services, by transaction volume, to the U.S. commercial real estate industry. The Company offers clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, equity placement, loan sales and commercial loan servicing.

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 investorrelations@hfflp.com.

HFF, Inc.
John H. Pelusi Jr., 412-281-8714
Chief Executive Officer
jpelusi@hfflp.com
Myra F. Moren, 713-852-3500
Director of Investor Relations
mmoren@hfflp.com