Story Samurai Investments · Accredited investors only
Real estate, one deal at a time.
Fund entity: Story Samurai Investments Fund I, LP (proposed name — pending confirmation)
A private fund that buys residential and income property one deal at a time, with each property in its own LLC and LPs paid back before the GP shares in any profit. Offered under Rule 506(c) to verified accredited investors.
- Preferred return (hurdle)
- 8%
- Profit split (LP / GP)
- 80 / 20
- Waterfall
- Deal by deal
- Offering
- Rule 506(c)
Summary of proposed terms, not a projection. The preferred return is an order of payment, not a promised return. See risks.
01Strategy
Strategy Overview
How the fund is designed to work, in plain English.
Residential & income real estate
The fund seeks to acquire and operate residential and income-producing properties in Texas growth metros: San Antonio, Austin, Dallas–Fort Worth and Houston.
One LLC per property
Each property is held in its own LLC owned by the fund, with title held at the LLC level, keeping each asset separate.
Deal by deal
Capital is called as deals are found rather than collected upfront, and each property is evaluated and accounted for on its own.
To be completed: property types [placeholder], target markets (Texas growth metros: San Antonio, Austin, Dallas–Fort Worth, Houston; final scope set in the PPM), expected hold period [placeholder], and fund size / minimum commitment [placeholder]. Full details will be in the private placement memorandum.
02Terms
Key Terms
Terms chosen to put investors first. Final terms are set by the limited partnership agreement.
Preferred return
LPs receive an 8% preferred return before the GP receives any profit share.
Profit split
After the pref, profits are split 80% to LPs and 20% to the GP as carried interest.
Management fee
Charged annually on invested capital (not committed capital), paid quarterly, and stepping down as capital is returned.
Deal-by-deal waterfall
For each deal: return of capital first, then the 8% pref, then the 80/20 split.
Clawback protection
A contractual clawback backed by escrowed / held-back carry (not a personal guarantee). If the fund ends below the pref, excess carry is recalled so LPs are made whole on the pref.
Capital calls
Called in chunks as deals are found, with 10–15 business days' notice and a cap of [$ amount placeholder] per call.
Per-deal distributions
When a property sells, LPs receive their capital back and their share of profits from that deal, without waiting for a quarterly batch.
How each deal's proceeds flow
Illustrative order of payment only — not a projection.
- STEP 1Return of capital100% to LPs until their invested capital in the deal is returned
- STEP 28% preferred return100% to LPs until the pref is paid
- STEP 3Profit splitRemaining profit from the deal
03Risk
Risk Highlights
Every investment carries risk. Please read these carefully.
- Illiquid, long-term investment. You should expect your capital to be tied up for years and have no ready way to sell your interest.
- Possible loss of your entire investment. Only invest money you can afford to lose.
- No assured returns or distributions. The 8% preferred return is a priority of payment, not a promise that any return will be paid.
- First-time manager. The GP has no prior fund track record.
- Real estate risks. Market conditions, interest rates, financing availability, tenants, and property condition can all hurt results.
- Concentration risk. The fund may own a small number of properties, so one weak deal can have a large effect.
- Limited transferability. Interests are restricted securities and cannot be freely resold or transferred.
- Tax risks. You will receive a Schedule K-1, which may arrive late; consult your own tax advisor.
- Conflicts of interest. The GP and its affiliates may have interests that differ from those of LPs.
This is a summary only. Complete risk factors are in the private placement memorandum (PPM).
04General partner
Who runs the fund
You are backing people, not a pitch. Here is who makes the decisions.
Ari Block · General partner · Entrepreneur, author & CEO of Monaxion
Ari Block is an entrepreneur, technology leader and investor with multiple successful exits. A military intelligence veteran, he helped lead Cellebrite’s digital-forensics pivot, contributing to its rise into a unicorn. He is CEO of Monaxion, an AI engine built into the tools businesses already use, a Techstars alumnus and mentor, and an investor with the Chicago Booth Angel Network. A published journalist, he hosts the Story Samurai podcast (250+ episodes) and is the author of Voices of Wisdom.
First-time fund manager: the GP has no prior fund track record. See risks.
05Eligibility
Investor Eligibility
Participation is limited, and status is verified before anyone invests.
Accredited investors only
Participation is limited to accredited investors as defined in Rule 501 of Regulation D.
Verification required
Rule 506(c) requires us to take reasonable steps to verify your accredited status before you invest, for example a third-party verification letter from a CPA, attorney, or verification service, or review of documentation such as tax returns or account statements.
06Contact
Request Information
Have questions? Send them through the form and Ari Block will reply personally.