JLL to Acquire HFF, Become Largest US Commercial Real Estate Debt Practice: Report

By Matt Grossman

A merger between two of the country’s most active debt-advisory shops is set to create the largest commercial real estate debt practice in the country.

In a statement today, JLL announced it will buy HFF for about $2 billion in a deal it predicts will close in the third quarter of 2019.

The marriage will create the biggest mortgage brokerage in America, according to data from the Mortgage Bankers’ Association. In 2017—last year’s data isn’t yet available—HFF advised on originations worth $61 billion, the highest figure in the industry. (Eastdil Secured was a distant second, at $45 billion.)

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