Manhattan, NY The Praedium Group (Praedium) promoted Angel Deng, James Goettee and Allyson Lisser to associates. Deng and Goettee work on the acquisition team, and Lisser serves on the portfolio and asset management team. All three previously served at Praedium as analysts, demonstrating the firm’s commitment to promoting from within.
“These promotions recognize Angel’s, James’s and Allyson’s contributions to our firm,” said Mason Sleeper, co-chief investment officer and principal – portfolio management.
“We are proud of their achievements to date and look forward to their continued successes at Praedium,” said Chris Hughes, co-chief investment officer and principal – acquisitions.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,