The Praedium Group LLC

The Praedium Group LLC, established in 1991, is a registered investment adviser specializing in real estate asset management. The firm manages two investment vehicles focused on middle-market, capital-intensive multifamily assets. Praedium's investment strategy involves repositioning undervalued assets through active management and leasing. The firm's services include identifying investment opportunities, negotiating terms, monitoring performance, and preparing reports for investors. As of December 31, 2024, Praedium manages approximately $1.6 billion on a discretionary basis. For fees, Praedium charges a management fee based on capital commitments during the investment period and on invested capital thereafter. The firm may also receive carried interest allocations. Investors bear additional expenses such as legal and accounting fees. Praedium does not receive compensation for selling securities. The firm's investment strategy aims to enhance value through various strategies like change of use, capital restructuring, and proactive leasing. Risks include market fluctuations, illiquidity, and cybersecurity breaches. Praedium's code of ethics emphasizes integrity, competence, and compliance with securities laws. The firm exercises investment discretion and votes proxies in the best interest of the Funds. Praedium has no disciplinary history and maintains custody of Funds' assets through qualified custodians. The firm does not participate in class actions on behalf of the Funds and has a sound financial standing.