THE PRAEDIUM GROUP EXPANDS ACQUISITIONS TEAM

Liah Chin Joins National Investment Firm as Deal Activity Escalates

New York, NY – September 22, 2009 – The Praedium Group, a national real estate investment firm based in New York City, announced Liah Chin has joined the company as an Analyst. As activity increases in the investment marketplace, Praedium's newest hire will assist the acquisitions team in identifying investments for Praedium Fund VII. To date, the firm has pre-committed capital and the purchasing power to acquire over $2 billion in real estate assets, through its Fund VII.

"Following a near halt in activity, we are now seeing a shift in the investment marketplace, with more deals transacting," said Russ Appel, President of The Praedium Group. "A clear example of this upswing is our recent acquisition of Quorum Center in Orlando, FL. As a result, we are expanding our team and are pleased to add someone with Liah's background and talent."

At Praedium, Ms. Chin will be primarily responsible for providing analytical support to the acquisitions team. Prior to joining The Praedium Group, Ms. Chin served as an Analyst for Sorin Capital Management in New York. There she was charged with developing proprietary real estate investment modeling. In addition, she provided analysis and support for the evaluation of high yield real estate debt, mortgage loan due diligence and REIT debt and equity analysis.

Ms. Chin earned a Bachelor of Arts in Politics from Princeton University.

About The Praedium Group - The Praedium Group is a real estate investor focusing on under-performing and under-valued assets throughout North America, with over $7 billion in total investments to date in more than 275 transactions comprised of 45 million square feet of commercial space and 55,000 multifamily units. Praedium was formed in 1991 with a leading international investment bank as its sole investor. Building on the experience and exposure gained through this original investment program, Praedium has been a sponsor of commingled real estate private equity funds since 1994. The funds sponsored by Praedium have attracted investors that include public and corporate pension funds, financial institutions, insurance companies and endowments.

Cadim, a Montreal-based real estate investor and portfolio manager, is 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.

For more information, please see www.praediumgroup.com.