HFF (commercial real estate) explained

HFF, Inc.
Type:Joint-stock company
Fate:Acquired by JLL
Location:One Victory Park, Dallas, Texas
Industry:Commercial real estate
Revenue: $662 million (2018)
Operating Income: $95 million (2018)
Net Income: $116 million (2018)
Assets: $858 million (2018)
Equity: $351 million (2018)
Num Employees:1,074 (2018)
Footnotes:[1]

HFF, Inc. was a provider of capital markets and brokerage services to owners of commercial real estate. In 2019, the company was acquired by JLL.

History

In 1974, John Fowler and Peter Goedecke founded Fowler, Goedeneke & Company. In 1982, Holliday Fenoglio & Co was founded by Harold E. (Hal) Holliday and John Fenoglio.[2]

In 1994, Amresco acquired Holliday Fenoglio Dockerty & Gibson.[3] In 1998, Amresco acquired Fowler, Goedecke, Ellis & O'Connor Inc. and merged the two companies to form Holliday Fenoglio Fowler L.P.[4] In 1999, the company was sold to Lendlease for $228 million.[5] [6]

In 2007, it became a public company via an initial public offering that raised $257 million.[7] [8] [9] In 2012, founders Holliday and Fenoglio went to work for CBRE.[10] In July 2019, JLL acquired the company.[11]

Notes and References

  1. Web site: HFF, Inc. 2018 Form 10-K Annual Report . U.S. Securities and Exchange Commission.
  2. Web site: HFF . The Real Deal.
  3. News: Amresco plans to buy commercial loan firm. . . August 10, 1994 . subscription.
  4. News: Amresco acquires Boston banking firm . . January 28, 1998.
  5. News: Holliday Fenoglio Fowler sold to U.S. Lend Lease subsidiary . Lynn J. . Cook . . December 26, 1999.
  6. Holliday Fenoglio Fowler Completes Management Buy-Out From Lend Lease Real Estate Investments, Inc. . . June 18, 2003.
  7. HFF Announces Pricing of Initial Public Offering . . January 31, 2007.
  8. News: HFF IPO raises $257 mln, above range . . January 30, 2007.
  9. Web site: HFF, INC. (HF) IPO . NASDAQ.
  10. News: CBRE Hires HFF Founders to Head its Debt and Equity Finance Services in Southwest . . March 26, 2012.
  11. News: JLL Completes Acquisition of Leading Capital Markets Firm HFF . . July 1, 2019.