About us

The Praedium Group seeks to capitalize on real estate market opportunities in order to provide its investors with an array of the highest quality investments and services that deliver superior returns on a risk adjusted basis.

The Praedium Group is a privately-held real estate investment firm formed in 1991. Over the past 26 years, The Praedium Group has sponsored a series of eight private equity funds, as well as several separate investment vehicles, and has invested approximately $10 billion of capital on behalf of its clients. The commingled funds, targeted investment vehicles and separate accounts sponsored by Praedium have attracted investors that include public and corporate pension funds, financial institutions, insurance companies, foundations and endowments. The Praedium Group sources transactions through its extensive network of relationships developed over the last 25 years with real estate owners, financial institutions and industry professionals.

Based in New York, The Praedium Group consists of a team of seasoned real estate professionals with extensive experience in real estate investments, development, leasing, asset management, law, workouts, finance and accounting, and investor reporting. Praedium’s senior officers have an average of 25 years of experience in the real estate industry.

The environment at The Praedium Group fosters an entrepreneurial spirit. Innovative transactions, a proactive approach to asset management and creative investment solutions are all hallmarks of The Praedium Group.

investment strategy

VALUE ENHANCEMENT

Praedium often focuses on assets that have been impaired by prior mismanagement, inadequate capitalization, economic dislocation, and other market inefficiencies.

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Demonstrated proficiency in managing, recapitalizing and repositioning assets, and making these enhanced properties attractive to institutional participants in the real estate market.

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Specific examples of value enhancement include: strategic capital investment; implementation of cost reduction programs; redevelopment and repositioning projects to enhance leaseability including change of use; purchase, workout or restructure of defaulted debt; recapitalizations; and high-yield mortgage loans.

MIDDLE-MARKET FOCUS

Praedium believes it is better capitalized, has more financing alternatives and provides sellers with greater certainty of closing.

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Praedium considers investments across all markets within the US and generally focuses on value-creating opportunities within multifamily, office, retail, mixed-use, and industrial property types, among others.

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Proven track record of success with middle-market real estate transactions dating back to 1991.

EXPERTISE IN COMPLEX TRANSACTIONS

Praedium’s roots as an investor in distressed situations date back to its inception, including transactions involving the purchase of defaulted debt, assets acquired from distressed sellers and recapitalizations.

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With considerable capital markets knowledge and extensive real estate expertise, Praedium is able to quickly understand and analyze even the most challenging issues and craft innovative investment solutions.

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The Praedium Group’s creative and flexible approach to investing includes debt, equity and hybrid structures.

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Praedium is adept at evaluating and closing investments on an accelerated time frame, without a financing contingency, to meet the objectives of sellers, partners and lenders.

our history

  • CS FUND

    1991

    Russ Appel establishes a team at Credit Suisse / First Boston ("CS") to acquire distressed real estate assets for Credit Suisse's proprietary account. Between 1991 and 1994, the team invests $283 million in total capitalization on behalf of Credit Suisse.

  • PRAEDIUM RECOVERY

    1994

    As a result of this team’s success, Praedium was formed in 1994 as a third-party investment management group affiliated with CS. Praedium subsequently raises and invests its commingled fund, Praedium Recovery Fund, acquiring a total of $457 million in assets between 1994 and 1996.

  • PRAEDIUM OPPORTUNITY

    1997

    Between mid-1997 and the end of 1998, Praedium Opportunity Fund accumulates a portfolio of 117 assets with total cost basis of approximately $881 million.

  • PRAEDIUM PERFORMANCE (IV)

    1998

    Praedium forms its fourth commingled fund in 1998. Between 1999 and 2001, the fund accumulates a portfolio of 93 assets with total cost basis of approximately $770 million.

  • PRAEDIUM SEPARATES FROM CREDIT SUISSE

    1999

    The Praedium Group separates from Credit Suisse to operate as an independent investment firm.

  • PRAEDIUM FUND V

    2001

    The Praedium Fund V was formed in December 2001 and purchased $1.8 billion in assets from early 2002 through early 2005. The Fund accumulated a portfolio of 206 assets.

  • PRAEDIUM FUND VI

    2005

    Between 2005 and 2007, Praedium Fund VI completes 69 real estate investments with a total cost basis of approximately $2.5 billion.

  • PRAEDIUM FUND VII

    2007

    Praedium Fund VII was formed in 2007 and acquired a portfolio of 132 assets with a cost basis of approximately $2.2 billion.

  • PRAEDIUM VIII MULTIFAMILY VALUE FUND

    2013

    Praedium Multifamily Value Fund VIII is launched, targeting undervalued multifamily assets across the US with a focus on management and value-add opportunities. The fund has a total expected capitalization of $1 billion when fully invested.

  • PRAEDIUM BEGINS SEPARATE ACCOUNT PROGRAM

    2014

    Praedium closes its first deal on behalf of a separate account investor, offering expertise on all aspects of the transaction including acquisition and asset management.