The Praedium Group Bolsters Asset Management and Finance

Peter Petron Joins as Director of Asset Management; King Lee Appointed Chief Accounting Officer

New York, NY – January 25, 2010 -The Praedium Group, a New York City-based national real estate investment firm, announced the hiring of two new executives, to augment its asset management and finance capabilities. Peter Petron joined the firm as Director of Asset Management, while King Lee was appointed Chief Accounting Officer. Praedium's commitment to maintaining an institutional level of best practices has attracted some of the top talent in the industry. Mr. Petron and Mr. Lee join as the firm is gearing up to deploy its pre-committed capital in Fund VII, and manage its existing real estate portfolio valued at $3 billion.

"In this disrupted investment and economic environment, we continue to optimize our existing portfolio, and execute business plans for Funds V and VI, as well future acquisitions," said Russ Appel, president of The Praedium Group. "Hiring top professionals with Peter and King's experience to manage assets and future acquisitions will undoubtedly enhance our team and further support Praedium's investment initiatives."

As Director of Asset Management, Mr. Petron is responsible for a number of the firm's portfolio and asset management activities. Prior to joining Praedium, he served as a senior asset manager and as group chief operating officer of Real Estate Investments at Investcorp, the international private equity firm. In this capacity, Mr. Petron oversaw value-added and opportunistic investments across a wide range of property types throughout the US while concurrently managing a number of the group's operational activities. Mr. Petron received a Masters degree in Public and Private Management from Yale School of Management and a Bachelors of Art from Yale University. Serving as Chief Accounting Officer, King Lee is responsible for Praedium's financial and accounting reporting systems. Before joining Praedium, Mr. Lee was a Senior Manager at KPMG LLP, where he was responsible for managing real estate audits and due diligence engagements. In addition, he assisted the company's clients in initial public offerings and internal control and valuation assignments. Mr. Lee is a Certified Public Accountant and holds a Bachelor of Business Administration degree from Baruch College of the City University of New York.

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.

SITQ is a major shareholder of the Praedium Group. SITQ is a real estate investment, management and development firm with a portfolio specializing primarily in office buildings, business parks, hotels, multi-family residential buildings and residences for seniors. SITQ owns real estate assets of CAD $ 24 billion. A leader in the Canadian real estate industry, SITQ also owns assets in the United States, France, the United Kingdom and Germany.

SITQ is a real estate subsidiary of the Caisse de dépôt et placement du Québec. The Company employs more than 450 people in Montréal, home of its head office, and through its global network of subsidiaries in Canada, Europe and Asia. For more information: www.sitq.com.

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