HFF Announces $36 Billion 2011 Transaction Volume

HFF, Inc. (NYSE: HF) announced today that the year-end unaudited 2011 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”)), reached approximately $36 billion on more than 1,000 transactions across the Company's capital markets platforms, including debt placement, investment sales, structured finance/equity placement 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 2011 annual transaction volume represents an approximate 84 percent gain over the $19.5 billion transaction volume posted in 2010, 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 continuing efforts to capture additional market share by providing superior value-add services to its clients.

HFF's debt placement volume in 2011 reached approximately $18.7 billion compared to $10.7 billion in 2010, which was a 75 percent increase.

HFF's combined investment sales, structured finance and loan sales volume totaled approximately $17.3 billion compared to $8.7 billion in 2010, which was a 99 percent increase.

HFF's servicing group's portfolio balance totaled approximately $26.6 billion on more than 2,000 loans serviced as of December 31, 2011, an approximate six percent increase from year-end 2010's balance of $25.1 billion.

Through HFFS, the volume of active discretionary funds was approximately $1.8 billion at year-end 2011, up three percent from year-end 2010.

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 2011 earnings should be made from this announcement of transaction volume. The Company's earnings for fourth quarter 2011 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.

About HFF, Inc.

Through its subsidiaries, Holliday Fenoglio Fowler, L.P. and HFF Securities L.P., the Company operates out of 20 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, structured finance, private equity, investment banking and advisory services, loan sales and commercial loan servicing.