Note 2 of
the Notes to the consolidated financial statements of HFF, Inc. included in its Form 10-Q for
the three and nine months ended
September 30, 2007 describes a change in the method of accounting
for depreciating property and equipment from an accelerated method to a straight-line method for
furniture and computer equipment. There are no authoritative criteria for determining a
‘preferable’ depreciation method based on the particular circumstances; however, we conclude that
such change in the method of accounting is to an acceptable alternative method which, based on your
business judgment to make this change and for the stated reasons, is preferable in your
circumstances. We have not conducted an audit in accordance with the standards of the Public
Company Accounting Oversight Board (United States) of any financial statements of
the Company as of
any date or for any period subsequent to
December 31, 2006, and therefore we do not express any
opinion on any financial statements of HFF, Inc. subsequent to that date.
