Strong Growth Across The Board, A Positive For HFF Inc. (NYSE:HF)
HFF, Inc. (NYSE:HF), the Pittsburgh headquartered real estate and capital markets services provider is one of the major players in the U.S real estate industry. It boasts of a market cap of $988 million and has been one of the bigger employment generators in the Pittsburgh region in recent times.
Strong Across The Board Growth
Yesterday, HFF, Inc. (NYSE:HF) announced that it has built up a super impressive $55 billion worth deal book in the past 12 months. This translates into a industry leading 33 percent increase over its 2012 transaction volume which had come in at $41.9 billion. The latest deal book is a record for the company and is the clearest demonstrator of the full fledged turn around that is happening in the real estate market across U.S. The previous best was recorded way back in 2007 at which time the firm had managed to midwife close to $43.5 billion worth deals.
Beats 2007 Record
The current $55 billion reported by HFF, Inc. (NYSE:HF) for the calendar year 2013, consisted of 1600 deals which is another clear indicator of the across the board increase in the demand for real estate even among first time buyers. These record transactions were made up of “debt placements, investment sales, equity placements, structured financing and loan sales”.
Commenting about the huge growth marked by the firm this year, HFF, Inc. (NYSE:HF) CEO John Pelusi has been quoted as saying, “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.”