President / CEO
Brian Burke is President & CEO of Praxis Capital, Inc., a vertically integrated real estate private equity investment firm, which he founded in 2001. Brian is also a member of the Praxis Investment Committee. Praxis operates on multiple platforms, currently managing active syndications for the acquisition of single, multifamily and opportunistic residential assets in US growth markets.
Over the course of a real estate investment career that began in 1989, the offerings Brian manages have acquired over 700 properties, including over 1,500 multifamily units, with the assistance of proprietary software that he wrote himself. Acquired asset classes include single family homes, self storage, mixed-use and large apartment complexes in multiple states. Brian has arranged well over $300 million in debt and equity for Praxis acquisitions. Praxis’ current portfolio exceeds $150 million of real estate assets under management.
As a recognized real estate expert, Brian has been a frequent speaker at real estate forums and conferences; including the Opal Family Office & Private Wealth Management Forum, the Keiretsu Real Estate Forum and the Institute for Private Investors. He has also served as co-host and real estate expert on the Fox News Radio show, “The Best of Investing”.
Brian is married and has lived in Northern California for over 30 years. An avid aviation enthusiast, he is a licensed instrument-rated airplane and helicopter pilot.
SVP / Investor Relations
Bob brings a wealth of experience as a real estate private equity professional to Praxis Capital, having over $1 billion of transactional experience. Sectors included Single and Multi-Family real estate, renewable energy and golf courses/resorts. He has been directly involved in the development of golf courses, single family homes and multi-family homes valued in excess of $50 million.
Prior to joining Praxis Capital, Bob was Managing Director for BTI Group, working with Private Equity groups in mergers and acquisitions (M&A). He previously served as Director of Housing Development for PEP Housing where he was responsible for multifamily acquisition, entitlement, financing and construction management of multiple apartment properties.
He founded and served as President of Eagle Golf Corporation, a golf course and real estate consulting and development company where he successfully provided private equity for the development of multiple real estate projects throughout California. Before Eagle Golf, Bob formed the International Division for a large real estate company with sales in excess of $100 million, serving as its Managing Director. As a partner in a boutique investment banking firm, Bob specialized in the placement of private equity and M&A for high net worth individuals and pension fund investors. He began his career in the Wealth Management Division of Dean Witter Reynolds.
He has spoken at many real estate investment conferences and has served as a national instructor for a professional real estate designation program.
Bob currently holds a California Department of Real Estate license. He is a former series 7 & 66 securities licensee, Certified International Property Specialist (CIPS), Certified Commercial Investment Member (CCIM) candidate, Chartered Retirement Plans Specialist (CRPS) and Certified Business Intermediary (CBI). He has served as a Director of National Cogeneration Corporation, a publicly traded corporation.
Serving on the boards of many local non-profit organizations, he has continuously given back to the community throughout his adult life. He coached youth athletics for almost 30 years, starting when he played baseball in college. He was also instrumental in helping a local non-profit affordable housing provider with the acquisition, entitlement, financing and construction of a $20 million affordable housing project for seniors and people with disabilities.
Bob and his wife, Linda, live in Novato and are both third generation Marinites. They are the proud parents of four beautiful children. Bob enjoys competitive outrigger canoe racing, golf, and strumming the ukulele.
CFO of Praxis Multifamily LLC
Jeff serves as Chief Financial Officer for Praxis Capital’s multifamily platform, including PM Residential Management. He is also a member of the Praxis Investment Committee. Having held key executive positions with select national and large regional real estate firms, he brings more than 30 years experience in acquisition, property management and real estate finance.
Most recently, Jeff was a Principal and Chief Financial Officer of The Bethany Group, where he was instrumental in the acquisition and management of more than 24,000 multifamily apartment units valued in excess of $1.7 Billion. Prior to that, he was Vice President at AIMCO, the largest multifamily manager (REIT) in the nation, where he managed West Coast operations in excess of 12,000 units. Previously, he served in several executive positions at both national and regional companies such as Lincoln Property Company (National) and Arnel (Regional) Multifamily Groups. Jeff started his career in 1983, where he served as AVP at Skyline Financial in Washington DC. In that capacity, he was responsible for managing the day to day operations of more than 200 partnerships, consisting of nearly 4,000 real estate properties.
Chief Investment Officer of Praxis Multifamily LLC
Forrest has enjoyed a 20-year+ career in real estate. During that time, he has served as Chief Investment Officer and Chief Financial Officer for both public and private companies. During his tenure, Forrest has successfully closed over 80 transactions; for investments and programs ranging from $10 million to well over $2 billion. He also effectively assembled more than $2 billion in structured financing.
Forrest serves as Chief Investment Officer (CIO) for Praxis Capital’s multifamily platform. In that capacity, he is responsible for investment strategy, including acquisitions and dispositions for the company. Forrest is also a member of the Praxis Investment Committee.
Prior to joining Praxis, Forrest served as interim Chief Financial Officer for First Capital Real Estate, where he successfully oversaw a major upREIT transaction of 30 commercial real estate assets. Before First Capital, Forrest was Chief Financial Officer for Lyon Capital Ventures, where he acquired, renovated, developed and disposed of over 15,000 multi-family units. He also managed the entitlement and conversion of 3,000+ multi-family units to for-sale condos; which was valued in excess of $750M. In that capacity, Forrest also assisted in the financial reporting, both internally and externally, to partners and financial institutions on 100+ LLC/Partnerships/Trusts, etc.
President / CEO of PM Residential Management LLC
Lyle has over 40 years of multifamily experience with an exceptional record in all phases of property development, acquisition, disposition, financial management, asset management, and general management. Lyle has professionally managed more than 37,000 multifamily units during his career.
Lyle serves as the President & CEO of PM Residential Management, LLC; the property management division of Praxis Capital’s vertically integrated multifamily platform. Prior to Praxis, he was the founder and President of LTL Investments Inc, a national multifamily investment and management company. Before LTL, Lyle served as the President of Springboard Housing, a nonprofit multifamily company that acquired and managed affordable housing. Previously, he was the President of Grubb & Ellis Residential Management, where he built a national, public multifamily platform. Lyle served as served as Chief Financial Officer of SARES•REGIS Group (formerly Regis Homes) early in his career. Lyle is a Certified Public Accountant and is a member of AICPA.