The Praedium Group is a real estate investor focusing on underperforming and undervalued assets throughout North America. Praedium was formed in 1991 with an international investment bank as its sole investor. Building on the experience and exposure gained through this original investment program, Praedium launched its first commingled fund program in 1994 and has since sponsored several additional investment programs. In 2000, Cadim, a Montreal-based real estate advisor and portfolio manager, became a major shareholder of The Praedium Group. Cadim is a division of the Caisse de depot et placement du Quebec and a member of the Real Estate group of the Caisse. The Caisse is one of the world's 10 largest real estate managers among pension fund managers.
With over $7 billion in investments to date, The Praedium Group is an established name in the real estate funds management marketplace. The commingled funds sponsored by Praedium have attracted investors that include public and corporate pension funds, financial institutions, insurance companies and endowments. Praedium concentrates on middle-market assets, each generally less than $75 million in total cost, and has consistently demonstrated its ability to source, structure, finance and manage opportunities.
Praedium has been successful in pursuing an asset based investment strategy for sixteen years. Throughout its history, Praedium has developed strong relationships with its investment partners and has identified high caliber local operating partners with whom it has joint-ventured.
Praedium possesses the following specific qualifications to make investments:
- Access to the type of transaction sought for its investment strategy through relationships built over the past fifteen years
- Deep experience and expertise in all facets of real estate investment and management
- Long tenure of the key investment professional team
- Focus on the cycle-durable strategy of asset based investing
- Congruent interests of Praedium professionals with those of local operators and investment partners
