Experience through cycles and data-driven research are central to Praedium's investment strategy.

The Praedium Group is a privately-held real estate investment firm that was founded 30 years ago. Since inception, Praedium has sponsored a series of private equity funds, as well as several separate investment vehicles, and has invested over $12 billion of capital on behalf of its clients including public and corporate pension funds, financial institutions, insurance companies, foundations and endowments. Praedium sources transactions through its extensive network developed over the last three decades with real estate owners, financial institutions and industry professionals.

With offices in New York and Florida, Praedium’s team of seasoned real estate professionals has 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 35 years of experience in the real estate industry and have worked together on average for 24 years.

All information on the website is as of November 2023.

investment strategy

VALUE ENHANCEMENT

When acquiring assets, Praedium aims to add value through specific, targeted business plans for each property. These strategies may include amenity additions such as gyms, co-working spaces, dog parks and playgrounds; renovations to unit interiors including kitchens & bathrooms and smart home technologies; and water & energy cost cutting enhancements.

MIDDLE-MARKET FOCUS

Praedium’s strategy is to follow the jobs, rent growth, income, and migrations and avoid places with out-migration, low job growth, and weak municipal financial conditions.

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Our research is complemented with market, submarket, and micro-market research, our service provider network, and our internal analysis.

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In addition, we concentrate on approximately 20 markets. This enhances our ability to closely monitor our target markets and to always have a pulse on what’s happening through boots on the ground research and continual discussions with brokers, property managers, and industry participants.

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 established 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 invested 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 raised and invested 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 accumulated 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 accumulated a portfolio of 93 assets with total cost basis of approximately $770 million.

  • PRAEDIUM SEPARATES FROM CREDIT SUISSE

    1999

    The Praedium Group separated 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 completed 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 was launched, targeting undervalued multifamily assets across the US with a focus on management and value-add opportunities. The fund acquired a portfolio of 19 assets with a cost basis of approximately $1 billion.

  • PRAEDIUM BEGINS SEPARATE ACCOUNT PROGRAM

    2014

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

  • PRAEDIUM MULTIFAMILY VALUE FUND IX

    2017

    Praedium Multifamily Value Fund IX was formed in 2017. The Fund acquired a portfolio of 22 assets with a cost basis of approximately $1.6 billion.

  • Praedium X Middle-Income Housing Fund

    2019

    Praedium X Middle-Income Housing Fund was formed in 2019 and raised more than $728 million in total equity. As of November 2023, the Fund has acquired 15 assets with a cost basis of approximately $1.3 billion.