The Praedium Group
Overview
The Praedium Group is a privately-held real estate investment firm specializing in the acquisition and management of middle-market multifamily properties throughout the United States. Founded in 1991, the firm has sponsored a series of private equity funds and separate investment vehicles, investing over $13 billion on behalf of clients including public and corporate pension funds, financial institutions, insurance companies, foundations, and endowments. Praedium sources transactions through an extensive network developed over three decades with real estate owners, financial institutions, and industry professionals. Praedium's investment strategy focuses on value enhancement, targeting underperforming and undervalued assets. The firm implements specific, targeted business plans for each property, which may include amenity additions, unit renovations, and cost-cutting enhancements. Praedium concentrates on approximately 20 markets, allowing for close monitoring and boots-on-the-ground research. The firm's expertise in complex transactions includes debt, equity, and hybrid structures, enabling rapid evaluation and closing of investments to meet the objectives of sellers, partners, and lenders. With offices in New York and Florida, Praedium's team comprises seasoned real estate professionals with extensive experience in investments, development, leasing, asset management, law, workouts, finance, accounting, and investor reporting. The senior officers have an average of 39 years of experience in the real estate industry and have worked together for an average of 27 years. This depth of experience and collaborative approach has enabled Praedium to successfully navigate various market cycles and deliver value to its investors.
Investment Focus
- Middle-market multifamily properties
- Underperforming and undervalued assets
- Value-add opportunities
Portfolio Companies
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Unlock full contacts →Frequently asked questions about The Praedium Group
What sectors does The Praedium Group invest in?
The Praedium Group invests in Financial Services and Real Estate, and is based in New York, United States. The Praedium Group is listed as a private investment firm in the ConnectSafely investor database.
What stage does The Praedium Group invest at?
The Praedium Group backs companies at Growth, Late Stage, Buyout, Turnaround and Distressed, writing cheques of 10M - 75M.
Which regions does The Praedium Group invest in?
The Praedium Group invests across United States.
Who are the partners at The Praedium Group?
Team members listed for The Praedium Group include Adam McGovern (Chief Operating Officer) and Floyd Lattin (CIO).
What companies has The Praedium Group invested in?
The Praedium Group's portfolio includes Pearl Woodlake, Beverly Crossing Portfolio, LeVante at Valley Vista, Bask Deer Valley, Rowan Pointe, Tessa Springs, Manor Lantana and Versol.
How do I contact The Praedium Group?
The Praedium Group's contact details — including phone and LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
