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Praedium Group

825 Third Avenue
New York, NY 10022
(212) 224-5600
Praedium Group
Praedium Group is a real estate investment trust focused on the middle market, targeting underperforming properties for less than $75 million. Its primary geographic focus has been the Midwest and Pacific Northwest, but it also has invested extensively in Manhattan. Formed in 1991, the firm has completed more than $10 billion in transactions and has sponsored more than eight private equity funds. In 2001 Montreal-based Caisse de depot et placement du Quebec invested $100 million in Praedium, and the two institutions have had a long-term partnership ever since. Praedium has a particularly active year in 2015, as it competed more than $2.5 billion in transactions during the first eight months of that year (most of which was from liquidation). Those transactions included 40 apartment properties and more than 600,000 square feet of office and retail space. For many of its deals Praedium prefers to partner with local firms, such as with Pinnacle Group, which it has joined with on many Manhattan transactions (the two joined on a buying spree that bolstered Pinnacle’s profile between 2004 and 2006).
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142-20 Franklin Larry Horn William Kohane thumb
Joel Wiener’s Pinnacle Group bought another rent-regulated property in the outer boroughs, picking up a 145-unit East Flushing multifamily building. Tags: pinnacle group ...
37 Greene Street and Uzi Ben Abraham of Premier Equities
From left: 109 Gold Street, 37 Greene Street and Uzi Ben Abraham of Premier Equities From Pinnacle Group’s $20 million purchase for a Vinegar Hill...
Akelius Burke Leighton
Burke Leighton Asset Management doubled its money in two years with the sale of a 200-unit Crown Heights rental building to fast-rising Akelius Real Estate...
UPDATED 2:10 p.m., January 27: Joel Wiener’s the Pinnacle Group bought out its partner, Praedium Group, in an eight-building Manhattan and Brooklyn rental portfolio for $31.7...
Parkway Realty Group acquired a 16-building portfolio on Staten Island’s North Shore for $17.9 million, The Real Deal has learned. Tags: ariel property advisors, Staten...
UPDATED, 4:46 p.m., July 16: Australian real estate investment trust Dixon Advisory’s US Masters Residential Property Fund is making a splash in Brooklyn’s multifamily market,...
Robin Williams' Villa Sorriso estate in Napa Valley Central Park horse stable used for storage amid proposed carriage ban. New York-based Praedium Group buys $49...
The penthouse at the newly converted Soho condominium building, 53 Greene, hit the market for $14.1 million, according to the developer. Tags: brown harris stevens,...
Renderings of a penthouse interior at 182 West 82nd Street
The Naftali Group’s condominiums at 182 West 82nd Street are over 50 percent sold a month after hitting the market, The Real Deal has learned exclusively....
53 Greene Street in SoHo
A newly converted condominium building in Soho is on the market with units selling in the $6.5 million range. The six-story condo at 53 Greene...
The New Jersey-based real estate investment company the Orbach Group purchased a 33-building residential apartment package on the Upper West Side for $246 million yesterday...
805 St. Mark's Avenue
UPDATED , 1.15 p.m., Aug. 22: A partnership between the Praedium Group and Pinnacle Group, both long-term investors in multi-family walk ups in Manhattan and Brooklyn,...
441 Convent Avenue, a Pinnacle-owned building
441 Convent Avenue , Jeffrey Kaplan and 241 Sherman Avenue UPDATED, Feb. 19, 2:20 p.m.: A Midtown private equity firm is claiming in a new lawsuit...
The five most expensive sales recorded last month were valued at $1.46 billion, and brokers had a hand in at least three of the deals,...
Correction: An Oct. 1 Web story incorrectly identified Jack Terzi Real Estate as a residential brokerage. It is a commercial brokerage. Correction: An Oct. 2...
From left:
The package of four apartment buildings on the Upper West Side that sold for $17 million to private equity firm the Praedium Group last month,...
176-182 West 82nd Street
A package of four apartment buildings on the Upper West Side sold for $17 million to private equity firm the Praedium Group, city records filed...
Shana Bowes of MNS, 109 Gold Street and a model living room in the building
Less than a month after the Vinegar Hill condominium building was overtaken by new ownership that planned to turn it into a rental building, 109...
A recently completed condominium building at 109 Gold Street in Vinegar Hill, which The Real Deal yesterday reported was purchased by the Praedium Group in...
The Praedium Group, a New York City-based real estate investment firm focusing on underperforming and undervalued assets, has purchased a troubled 33-unit condominium project at...
Residential rentals have proven to be the least volatile among all property asset classes in the wake of the recession, real estate pros agreed at...
Dune Real Estate Partners has purchased the loan for a portfolio of 36 apartment houses on the Upper West Side for close to $105.1 million...
Delinquency uptick driven by Pinnacle-Praedium default on Upper West Side ...
TV studio in Brooklyn among the 50 delinquent properties ...
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  • Event Sales
  • Address 182 West 82nd Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 17,050,000
The package of contiguous apartment buildings sold for $17.05 million. The properties are located at 176, 178, 180 and 182 West 82nd Street.
  • Event Sales
  • Address East Harlem portfolio
  • Neighborhood #VALUE!
  • Borough Manhattan
  • Price $ 26,900,000
The affordable housing portfolio sold for $26.9 million. Known as Met Paca I and Met Paca II, the buildings operate under a Section 8 rent subsidy contract with the U.S. Department of Housing and Urban Development. The new owner plans to continue to maintain the portfolio as affordable housing.
  • Event Sales
  • Building Name 176-182 82nd Street
  • Address 176 82nd Street
  • Neighborhood #VALUE!
  • Borough Manhattan
  • Price $ 17,000,000
  • Publication Date 09/01/2012
  • Event Date 07/23/2012
  • Party 1 Navistone Amsterdam LLC
  • Party 2 Praedium Group
The package of buildings sold for $17 million. The sellers acquired the properties for $18.7 million in May 2008. Includes 182 82nd Street.
  • Event Office Leasing
  • Address 825 Third Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 9,700
Moves from 950 Third Ave
Brooklyn, 11225
Pinnacle Group, 382 EASTERN LLC
Over the past two years, companies like SL Green Realty Trust and investor Sam Zell’s Equity Residential have trumpeted their purchases of distressed properties in...
Brooklyn, 11225
Pinnacle Group, 382 EASTERN LLC