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Holliday Fenoglio Fowler Ranked Number One Debt Intermediary in South Florida

Press Release: Holliday Fenoglio Fowler, L.P.
June 16, 2003
BOCA RATON, FL -- For the second consecutive year, Holliday Fenoglio Fowler, L.P. has been recognized as South Florida's largest real estate debt intermediary with 2002 transaction debt volume of $870 million, representing a 14% market share of those firms and institutions responding to the survey.

The March 21, 2003 issue of The South Florida Business Journal ranked the firm in the number one spot in its annual "South Florida Largest Commercial Mortgage Lenders List". Wachovia Bank and BankAtlantic, respectively, rounded out the top three. The South Florida Business Journal is owned by American City Business Journals. Holliday Fenoglio Fowler has two offices in South Florida, one in Coral Gables and one in Boca Raton.

Holliday Fenoglio Fowler has achieved this ranking five out of the past six years, with an aggregate transaction volume of $5.38 billion. Based on reported figures, this volume is 47% greater than its closest competitor, Wachovia/First Union Bank, and more than twice as much as it closest mortgage banking competitor, Carey Kramer.

Nationally, Holliday Fenoglio Fowler posted a record year in business volume during 2002, with more than $13.25 billion in 791 debt, structured finance, private equity and investment sale transactions. The total represents an 8.3 percent increase from the $12.23 billion in business volume posted by the company in 2001.

Holliday Fenoglio Fowler's 2002 production by property type:

Office          $4,714 billion        36%
Multifamily     $2,954 billion        22%
Retail          $2,867 billion        22%
Industrial        $854 million         6%
Mixed Use         $750 million         6%
Hotel/Motel       $192 million         1%
Other             $922 million         7%
Total          $13,252 billion       100%


The firm also increased its loan servicing portfolio to over $11.3 billion, servicing close to 1,400 loans for 60 different investor accounts, in 45 states and 625 cities.

"Our 2002 production total is the result of extraordinary performance by our Holliday Fenoglio Fowler team combined with incredible loyalty from our clients, who are both capital users and capital providers," said Senior Managing Director Manny de Zarraga, head of the firm's Coral Gables office.

"Our integrated capital markets platform, which combines debt placement, structured finance, private equity and investment sales under one roof, allows us to provide a greater range and higher level of service to our clients, not only in South Florida but across the nation as well," added Senior Managing Director Kurt Hoffmann, head of the firm's Boca Raton office.

With 18 offices nationwide, Holliday Fenoglio Fowler is one of the country's largest commercial real estate capital intermediaries, and the only firm that provides its clients with a complete menu of capital solutions for each assignment from its integrated platform of debt, private equity, structured finance and investment sales. Since 1998, the firm has capitalized $64 billion in all markets and property types.

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Contact: 
     Holliday Fenoglio Fowler, L.P.
     Melissa J. Browne, 617/338-0990
     mbrowne@hfflp.com


Source: Holliday Fenoglio Fowler, L.P.