The Praedium Group is a privately-held real estate investment firm formed in 1991. Over the past 23 years, The Praedium Group has sponsored a series of seven private equity funds, as well as several separate investment vehicles, and has invested $9.3 billion of capital on behalf of its clients. The commingled funds and separate accounts sponsored by Praedium have attracted investors that include public and corporate pension funds, financial institutions, insurance companies, foundations and endowments.
Praedium concentrates on middle-market assets, each generally between $10 and $75 million in total cost. We focus primarily on assets that have been neglected by traditional institutional investors because of capital market conditions, inadequate capitalization, destabilized leasing, accelerated acquisition time frames, prior mismanagement or other special situations. Our investments include multifamily, office, retail, industrial and mixed-use properties, in all levels of the capital structure, including equity, preferred equity, mezzanine debt and senior debt.
We have consistently demonstrated our ability to source, structure, finance and manage opportunities. Throughout its history, Praedium has developed strong relationships with its investment partners and has identified high caliber local operating partners who invest side-by-side with Praedium. Local partners bring us solid market knowledge, investment opportunities, and a complementary skill set to Praedium's investment and asset management teams. Praedium offers its partners not just capital, but expertise in complex transactions, capital markets knowledge, creative and flexible structuring capabilities, and the ability to analyze and close transactions quickly.
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 relations. Praedium's ten senior officers have an average of 24 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.
Target mid-sized properties between $10 and $75 million in total cost.
Praedium believes it is better capitalized, has more financing alternatives and provides sellers with greater certainty of closing relative to local entrepreneurs.
Proven track record of success with middle-market real estate transactions dating back to 1991.
Praedium focuses primarily on assets that have been impaired by prior mismanagement, inadequate capitalization, economic dislocation, and other market inefficiencies.
Demonstrated proficiency in managing, recapitalizing and repositioning assets and of making these enhanced properties attractive to institutional participants in the real estate market.
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.
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.
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.
The Praedium Group's creative and flexible approach to investing includes debt, equity and hybrid structures.
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.
STRONG NETWORK OF LOCAL OPERATING PARTNERS
Praedium joint-ventures with local partners that have extensive familiarity with local property market conditions and possess superior asset-level management and execution capabilities.
With ready access to capital and creative structuring solutions, Praedium is an attractive choice for existing owners seeking to recapitalize properties and retain an interest in the deal.
Praedium seeks to expand its network of best-in-class partners on an on-going basis.