PRAEDIUM ACQUIRES THREE TEXAS MULTIFAMILY PROPERTIES

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DALLAS, SAN ANTONIO AND WYLIE — The Praedium Group, a New York-based national real estate investment firm, has acquired three multifamily properties in Texas totaling more than 700 units. The properties were purchased through The Praedium Fund VII, L.P., a $900 million real estate private equity fund. The properties include Elan at Bluffview, a 181-unit multifamily complex with 54,857-square-foot of retail space in Dallas; the 248-unit Dove Valley Apartments in San Antonio; and Broadstone Woodbridge, a 303-unit complex in Wylie.

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