NEW YORK--(BUSINESS WIRE)--Mar. 29, 2017--
HFF, Inc. (NYSE: HF) (HFF) announced today the acquisition of Hentschel
& Company, LLC, a New York-based boutique investment banking advisory
firm, whose primary focus is to advise public and private REITs,
non-traded REITs, real estate investment funds and other private owners
of real estate and real estate debt on M&A, initial public offerings,
capital raises and other strategic alternatives. HFF has appointed Steve
Hentschel, who founded Hentschel & Company in May 2013, as the leader of
HFF’s M&A and corporate advisory services provided by HFF’s registered
broker-dealer subsidiary, HFF Securities L.P. (HFFS). The acquisition of
Hentschel & Company establishes the second U.S. location for HFFS.
Mr. Hentschel has 27 years of experience in the industry and throughout
his career has completed more than $78 billion of transactions. Prior to
starting Hentschel & Company, he founded the real estate investment
banking group at Gleacher & Company in 2009 and built it into a practice
that was the No. 1 ranked REIT M&A advisor by transaction value in
Bloomberg’s U.S. league tables for 2012. Prior to that, Mr. Hentschel
was a Managing Director and spent ten years in the Global Real Estate
Group at Lehman Brothers and was subsequently the Head of the New York
Real Estate Investment Banking office of Wachovia Securities. Mr.
Hentschel holds an engineering degree from Princeton University.
“The acquisition of Hentschel & Company will allow HFF to expand its M&A
and corporate advisory services which have been increasingly requested
by our clients. The Hentschel and Company team is comprised of best in
class professionals with significant experience in all facets of the
investment banking business which will allow HFF to continue to provide
exceptional service and advice to our clients across both the public and
private domains of the commercial real estate industry. We are extremely
excited to have the Hentschel and Company professionals join the HFF
Team,” said Mark Gibson, CEO and executive managing director of HFF.
“We have been approached over the years by many firms about a strategic
combination but we were only interested in becoming partners with a team
that shared our values and brought compelling strategic value to our
clients,” added Mr. Hentschel. “We are truly excited to be joining HFF
and see significant growth opportunities for our business.” Ted Flagg, a
Hentschel & Company Senior Managing Director, added, “The combined
platform elevates our strategic advisory capabilities by adding real
time property level perspective and dramatically enhancing our ability
to raise capital.”
Hentschel & Company’s senior banking team includes Ted Flagg,
Christopher Shea, Chris Allen, and Sher Hafeez.
Mr. Flagg joined Hentschel & Company from Gleacher & Company and before
that was a senior banker in the Real Estate Group of Lazard Frères
during his eight years at the firm. He has been affiliated with Urban
Land Institute, U. Penn Zell-Lurie Center and the alumni board of
Trinity School (NYC). Mr. Flagg earned a Juris Doctorate from Fordham
Law and a Bachelor of Arts with honors from Colgate University.
Mr. Shea joined Hentschel & Company from Gleacher & Company and has more
than 15 years of experience in investment banking and fixed-income
capital markets. Prior to Gleacher & Company, he was a member of
Citigroup’s Real Estate & Lodging Investment Banking Group. He graduated
with honors from Harvard University.
Mr. Allen has more than 16 years of experience in real estate investment
banking and finance with substantial M&A, capital raising and capital
markets expertise. He has held senior positions at Chambers Street
Properties, Banc of America Securities and Merrill Lynch. Mr. Allen has
a Master of Business Administration in Finance and Accounting from the
J.L. Kellogg Graduate School of Management at Northwestern University
and completed his undergraduate studies at Rice University in Houston.
Mr. Hafeez has more than ten years of experience in real estate
investment banking and private equity industries. Prior to Hentschel &
Company, he worked in J.P. Morgan’s Real Estate Investment Banking Group
and Morgan Stanley’s Real Estate Group. Mr. Hafeez received his Master
of Business Administration from Columbia Business School and his
bachelor’s degree from New York University.
About HFF, Inc.
Through its subsidiaries, Holliday Fenoglio Fowler, L.P., HFF Securities
L.P. and HFF Securities Limited, the Company operates out of 24 offices
and is one of the leading and largest full-service commercial real
estate intermediaries, providing commercial real estate and capital
markets services to both the users and providers of capital in the
commercial real estate sector. The Company offers clients a
fully-integrated capital markets platform including debt placement,
investment sales, equity placement, investment banking and advisory
services, loan sales and commercial loan servicing.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170329005824/en/
Source: HFF, Inc.
MYRA F. MOREN, (713) 852-3500
Director, Investor Relations
M. MURPHY, (617) 338-0990
Director, Public Relations