funds. While historic performance is not indicative of future results, NO investor has ever lost money investing with us. We are more than happy to provide references upon request.

Being a true value investor, the focus at Praxis Residential is to implement both tactical and strategic models to acquire underperforming real estate assets that can be transformed through a value-add approach. With a solid, established track record, Praxis adheres to strict, proven criteria when selecting properties for investment. This allows for a margin of safety to be built into the financial model to limit downside risk.

We are currently raising money for our fourth Income & Appreciation fund. This is a 506(c) fund which is open only to accredited investors. If fully funded and capital deployed, this fund will contain approximately $18 million of single family homes throughout 14 counties in Northern California. All homes are purchased at a significant discount to replacement cost and well below current market value.

Feel free to contact Bob Dreher at bob@praxcap.com for more details, including preliminary marketing package and Private Placement Memorandum