The Milestone Group
Amount:	$1,000,000,000
Recapitalized a 57-property apartment portfolio located throughout the Sunbelt and structured an investment program to purchase additional Multi-Housing properties.

The Ratkovich Company
Amount:	$197,000,000
Arranged the property sale as well as the debt and equity placements for The Alhambra Urban Community, an approximate one million square foot retail and office property with an adjacent development parcel in Alhambra, California.

Circle Capital Partners
Amount:	$142,000,000
Joint venture to acquire a 2 million-square-foot industrial/flex portfolio in Longmont, Colorado.

Pantheon Properties
Amount:	$105,000,000
Investment program to acquire value-added industrial properties in the New York/New Jersey metropolitan area.

Heritage Capital Group
Amount:	$104,000,000
Joint venture to acquire a 112,568 square foot, Class "A" office building in Woodbridge, New Jersey and a three-property, 2.2 million square foot warehouse portfolio located in Alabama, Arizona and New Jersey.

Olympic Investors
Amount:	$100,000,000
Investment program to acquire value-added Multi-Housing properties nationally.

Peak Financial Group
Amount:	$75,000,000
Investment program to provide private money loans and acquire distressed notes in the Western U.S.

INCAP Financial Group
Amount:	$75,000,000
Investment program to pursue infill land acquisition and development opportunities for the delivery of a ready-to-build lot pipeline for infill homebuilders in Dallas/Fort Worth.

Pier Management, LLC
Amount:	$75,000,000
Joint venture to recapitalize a 402-unit apartment complex in Royal Kunia, Hawaii.

Butters Acquisitions LLC
Amount:	$50,000,000
Investment program to develop and acquire value-added industrial, office and retail properties throughout Florida.

Developers Diversified (NYSE: DDR)
Amount:	$800,000,000
Established DDR-affiliated entity (Coventry Real Estate Advisors, LLC) to execute opportunistic retail acquisitions on a national basis through an investment program with Prudential.

McCarthy Cook
Amount:	$620,000,000
Investment of over $155 million in joint venture equity and $455 million in debt financing for a three-property office portfolio.

JMI Realty
Amount:	$400,000,000
Mixed-use development in San Diego, California with an 850-room luxury hotel, 300,000 square feet of retail and 1.1 million square feet of office space.

Developers Diversified (NYSE: DDR)
Amount:	$238,000,000
Transfer of six wholly-owned DDR properties to a joint venture formed between DRA and DDR.

Combined Properties
Amount:	$200,000,000
Investment program with a pension fund to acquire value-added retail shopping centers located in Washington, D.C., Maryland, Virginia and Southern California.

Boykin Lodging Company (NYSE: BOY)
Amount:	$175,000,000
Investment program to acquire full-service hotel properties nationwide.

Overton-Moore Properties
Amount:	$150,000,000
Investment program with a public pension fund to develop, acquire and reposition industrial properties in targeted in-fill locations in Southern California.

Madison Marquette
Amount:	$130,000,000
Joint venture to capitalize Bay Street, a 380,000-square-foot retail development in Emeryville, California.

Crescent Real Estate Equities Company (NYSE: CEI)
Amount:	$128,000,000
Transfer of two wholly-owned CEI office properties to a joint venture formed between GE Asset Management and CEI.

Crescent Real Estate Equities Company (NYSE: CEI)
Amount:	$117,200,000
Transfer of an office building under development in Houston, Texas to a joint venture on behalf of the AT&T Pension Trust and CEI.

Wilshire Center Marketplace
Amount:	$110,000,000
Represented the owners of the Ambassador Hotel site in Los Angeles in the transfer of the property to the LAUSD.

Coast Pacific Asset Management
Amount:	$79,500,000
Timeshare development in Mammoth Lakes, California with $21.4 million of joint venture equity and $58.1 million of debt.

Developers Diversified (NYSE: DDR)
Amount:	$50,600,000
Transfer of two DDR wholly-owned retail power centers into a joint venture between Ohio STRS and DDR.

South Point Seattle Investments, LLC
Amount:	$35,600,000
Joint venture to develop a neighborhood retail center in Seattle, Washington.

Makar Properties, LLC
Amount:	$10,800,000
Joint venture for Southern California residential development in Dana Point, California.

¹ Prior transactions were completed at a prior firm and HFFS does not claim specific attribution for the projects noted herein.