Praxis Capital
Praxis Capital is a Santa Rosa, California-based private equity real estate firm founded in 2001 by Brian Burke. It invests in value-add multifamily properties and, through its $100M PH Healthcare Fund VIII, in skilled nursing, assisted living, and memory care assets, serving accredited investors and family offices.
- Company typePrivate
- Founded2001
- HeadquartersCalifornia, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Praxis Capital does
Praxis Capital is a private equity real estate investment firm founded in 2001 by Brian Burke, headquartered in Santa Rosa, California. The firm operates two core investment platforms: a multifamily platform that acquires and repositions underperforming value-add apartment properties (100+ units, Class A/B) in growing US markets, and a healthcare real estate platform executed through PH Healthcare Fund VIII, a $100 million blind-pool fund targeting skilled nursing facilities, assisted living communities, and memory care centers.
The firm uses proprietary in-house underwriting and acquisitions software developed by Brian Burke, complemented by a vertically integrated operating model comprising PM Residential Management (a property management subsidiary) and Praxis Multifamily LLC. Since 2001, Praxis has executed over 750 transactions across 16 states, with executive team experience spanning 100,000+ apartment units and $5 billion in transactional volume. Historical returns are reported at 28%+ IRR on multifamily and 19-50%+ on healthcare case studies, with no investor losses disclosed.
Praxis generates revenue through management fees and carried interest on its investment funds, alongside rental income from directly owned properties. It targets accredited/high-net-worth individual investors and family offices via direct sales (led by SVP of Investor Relations Bob Dreher), thought leadership channels including a podcast and Brian Burke's book "The Hands-Off Investor," and a self-service investor portal. Pricing is not publicly disclosed and offerings are restricted to accredited investors.
Praxis Capital firmographics
Firmographics- Name
- Praxis Capital
- Legal name
- Praxis Capital, Inc.
- Website
- https://praxcap.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Praxis Capital is a Santa Rosa, California-based private equity real estate firm founded in 2001 by Brian Burke. It invests in value-add multifamily properties and, through its $100M PH Healthcare Fund VIII, in skilled nursing, assisted living, and memory care assets, serving accredited investors and family offices.
- Ownership category
- akta.pro rank
Praxis Capital industry classification
Industry- Product category
- Real Estate Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), Lessors of Other Real Estate Property (53119), Continuing Care Retirement Communities (623311)
- SIC
- Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519)
- akta.pro primary industry
- Real Estate Fundraising Placement (REPE/REIT/Property Funds) (FSAEALAD)
Keywords
Where Praxis Capital is headquartered
LocationHeadquarters
- HQ city
- California
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Praxis Capital business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Real Estate Investment Management: Praxis Capital generates revenue through managing real estate investments for passive investors. The firm acquires, renovates, repositions, and manages multifamily and healthcare properties, earning asset management fees and performance-based returns through carried interest structures.
- Property Ownership & Operations: As a vertically integrated real estate firm, Praxis generates revenue from direct property ownership including rental income from multifamily units and healthcare facilities. The firm has acquired and managed over 46,000 units they owned and 60,000+ units managed for other owners.
- Healthcare Fund Management: PH Healthcare Fund VIII is a $100 million fund dedicated to acquiring skilled nursing facilities, assisted living communities, and memory care centers. The firm earns management fees and carried interest on this blind pool fund targeting accredited investors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | PH Healthcare Fund VIII - Senior Housing Investment Fund |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Praxis Capital product offering
Product offeringCore offering
Praxis Capital is a private equity real estate investment firm that acquires, renovates, and repositions underperforming multifamily and senior housing properties across growing U.S. markets. The firm operates two core investment platforms — a Multifamily Platform targeting value-add apartment properties (100+ units) and PH Healthcare Fund VIII, a $100 million fund dedicated to skilled nursing, assisted living, and memory care facilities — selling passive investment opportunities to accredited investors.
Product overview
Praxis Capital operates as a vertically integrated real estate private equity investment firm offering two core investment platforms: a Multifamily Platform targeting value-add apartment properties in growing U.S. markets, and a Healthcare Real Estate Platform through PH Healthcare Fund VIII focused on senior housing (skilled nursing, assisted living, and memory care). The company also publishes 'The Hands-Off Investor' book and provides property management services through its PM Residential Management subsidiary. The Multifamily Platform focuses on acquiring underperforming residential assets that can be transformed through renovation and repositioning, while the Healthcare Real Estate Platform offers a semi-blind pool investment strategy with day-one cash flow from 21 already-acquired properties.
Differentiator
Problem solved
Functional benefit
Brands
- PH Healthcare Fund VIII: A $100 million fund dedicated to acquiring skilled nursing facilities, assisted living communities, and memory care centers
- PM Residential Management LLC
- Praxis Multifamily LLC
Products and services
- Multifamily Investment Platform A vertically integrated real estate investment platform that acquires well-located, underperforming or value-add multifamily apartment properties in growing U.S. markets. Targets accredited passive investors seeking diversified multifamily exposure.
- PH Healthcare Fund VIII A $100 million investment fund dedicated to acquiring skilled nursing facilities, assisted living communities, and memory care centers. Targets accredited investors and family offices seeking senior housing exposure with steady rental income, day-one cash flow, and long-term stability via a semi-blind pool strategy covering 21 healthcare properties already acquired.
Quantifiable outcome
- No investor losses throughout company history
- +3 more outcomes
Companies that use Praxis Capital
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
Praxis Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Praxis Capital partnerships and signals
Strategic signalScale indicators8 records
Recent moves6 records
Expansion highlights5 records
Praxis Capital competitors and assessment
Company assessmentOthers
- BiggerPockets: BiggerPockets is a real estate investing education platform and publisher that hosts Brian Burke's book and podcasts. Acts as a marketing channel and ecosystem partner rather than a direct competitor, helping Praxis reach accredited investors.
Direct peers
- Crow Holdings Capital: Crow Holdings Capital is a Dallas-based real estate investment manager focused on multifamily and value-add strategies across the Sun Belt. Directly comparable to Praxis's multifamily value-add platform targeting similar growth markets in the Southeast and Southwest.
- Hamilton Point Investments: Hamilton Point Investments is a real estate private equity firm that raises capital from accredited investors for multifamily syndications. Comparable to Praxis's syndication-based fundraising model targeting passive accredited investors.
- Cardinal Group Investments: Cardinal Group is a real estate investment and management firm focused on multifamily value-add opportunities with vertically integrated property management. Closely mirrors Praxis's vertically integrated multifamily platform model.
- Blue Rock Real Estate: Blue Rock Real Estate is a private equity firm that sponsors multifamily and senior housing syndications for accredited investors. Directly comparable to Praxis's dual multifamily and healthcare RE strategy with similar LP base.
Emerging players
- Sentio Investments: Sentio Investments is a real estate private equity firm focused on value-add multifamily acquisitions in growth markets. Comparable to Praxis's multifamily platform in deal size and value-add strategy.
- Greystar Real Estate Partners: Greystar is the largest multifamily property manager and operator globally with significant investment management capabilities. Comparable in multifamily operations expertise though operates at massive scale relative to Praxis's PM Residential Management subsidiary.
Broad incumbents
- Oaktree Capital Management: Oaktree is a global alternative investment manager with significant real estate debt and equity strategies. While much larger and broader, Oaktree competes for similar institutional and family office real estate allocations.
- Starwood Capital Group: Starwood Capital is a major private alternative investment firm with a significant real estate platform investing in multifamily and senior housing. Comparable to Praxis's value-add multifamily and healthcare RE strategy, though Starwood operates at multibillion-dollar scale globally.
- Blackstone Real Estate: Blackstone's real estate division is the world's largest REPE with $300B+ AUM, investing in multifamily, healthcare, and value-add strategies. Directly comparable to Praxis's multifamily and healthcare real estate focus, but at vastly greater scale and with institutional capital access.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Praxis Capital social profiles
Digital presencePraxis Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Praxis Capital leadership team
Management profileNumber of profiles
Profiles1 record
Praxis Capital subsidiaries and ownership
Company hierarchySubsidiaries1 record
Praxis Capital funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Praxis Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Praxis Capital
What does Praxis Capital do?
Praxis Capital is a private equity real estate investment firm that acquires, renovates, and repositions underperforming multifamily and senior housing properties across growing U.S. markets. The firm operates two core investment platforms — a Multifamily Platform targeting value-add apartment properties (100+ units) and PH Healthcare Fund VIII, a $100 million fund dedicated to skilled nursing, assisted living, and memory care facilities — selling passive investment opportunities to accredited investors.
Is Praxis Capital a public or private company?
Praxis Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Praxis Capital founded?
Praxis Capital was founded in 2001. It employs 11 to 50 people.
Where is Praxis Capital based?
Praxis Capital is headquartered in California, United States, in the North America region.
How does Praxis Capital make money?
Three revenue lines are on record. Real Estate Investment Management is the primary driver. The others are property Ownership & Operations and healthcare Fund Management.
Who are Praxis Capital's main competitors?
BiggerPockets is listed as an others. Direct peers are Crow Holdings Capital, Hamilton Point Investments, Cardinal Group Investments and Blue Rock Real Estate. Emerging players are Sentio Investments and Greystar Real Estate Partners. Broad incumbents are Oaktree Capital Management, Starwood Capital Group and Blackstone Real Estate.
Does Praxis Capital have an API?
No public API is recorded for Praxis Capital.
What industry is Praxis Capital in?
Praxis Capital's product category is Real Estate Investment Management. Its primary akta.pro industry code is FSAEALAD, Real Estate Fundraising Placement (REPE/REIT/Property Funds). Its NAICS code is 523940 and its SIC code is 6799.