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Praedium Group Marks 30th Anniversary of First Transaction
The Praedium Group, a New York-based national real estate investment firm, marked the 30th anniversary of its first investment, which was completed in June 1991. Since then, Praedium has completed approximately 400 transactions representing more than $12 billion in capital.
“We’re thankful for the relationships we have built over the past 30 years with our clients, employees and industry peers,” said Russell Appel, founding principal of Praedium.
The company was initially formed as a division of Credit Suisse/First Boston to acquire distressed real estate assets. In 1994, Praedium became a third-party investment manager affiliated with the bank. Praedium separated from Credit Suisse in 1999 and has since become an independent privately-held real estate investment firm. Today, Praedium focuses on investing in multifamily assets in suburban growth markets across the U.S., bringing it full circle as its first transaction was the purchase of a portfolio of loans secured by multifamily assets.
- ◦Sale/Acquisition
- ◦Financing
- ◦People
