Bespoke Funds

Welcome to Bespoke Funds

This site is built around one investor at a time. What should we call you?

I certify that I am an accredited investor as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, and that I am reviewing this material for my own informational purposes.

Nothing on this site is an offer to sell or a solicitation of an offer to buy any security. Any offering is made solely through a Private Placement Memorandum.

The Problem

You’ve been pitched a thousand ways to lose money.

Stocks, crypto, startups, restaurants, franchises — pitched by every advisor, broker, and friend with a connection. Too many of them get paid whether you do or not.

Meanwhile, the asset that built more American wealth than any other is boring on purpose.

A rental home does not need a breakthrough, an acquisition, or a good quarter. It needs to be bought below what it is worth, renovated once, and rented to a family who needs somewhere to live. It pays every month you own it, and at the end there is a deeded house that anyone can buy. That is the whole thesis — and the reason it works is that almost nobody wants to do the unglamorous part.

Speculative bets

“Can’t-miss” deals that miss. High fees, no transparency, and nothing underneath them you could sell if you changed your mind.

Operating headaches

Restaurants and franchises that demand attention you do not have to give. You were not looking to buy a second job.

Fees that win either way

Management fees, load fees, and promotes that pay whether the investment works or not. The manager’s good year should depend on yours.

Exploited trust

Real diligence is rare and accountability is rarer. A warm introduction is not a substitute for seeing where every dollar goes.

So here is the bar

Four things an investment has to do before it deserves your money. The rest of this page is how a fund built around you meets them.

Own a hard assetDeeded homes with titles and addresses — not a position in someone else’s idea.

Pay you while you holdRent collected every month, not a single payday years from now that may never arrive.

Run without youAcquisition, renovation, leasing, and management handled end to end by people who do it daily.

Show every feeEach entity, fee, and interest disclosed in writing, with the manager paid mainly on profits above your returned capital.

The Solution

One investor. One fund. Built around you.

Restoration Homes builds and operates a dedicated real estate fund for you — running the same proven playbook as our current fund.

Your fund. Your call.

A single-purpose fund owned by you. Be the only investor, or invite family, friends, and co-investors to join you.

We do everything.

Acquisitions, construction, leasing, and management handled end-to-end by Restoration Homes and Dwella Property Management.

A proven playbook.

Entry-level rental homes bought ~27% below market — in Columbia, SC today, or any market you choose. The founders’ prior fund returned 3x to investors.

The Model

How your fund works

Introduction

You come to us through people you already trust — not a cold pitch.

Fund formation

We form a dedicated fund in your name — PPM, legal, accounting, and reporting all handled.

Your commitment

You fund it alone, or alongside family and co-investors you approve.

The flywheel

Buy, renovate, rent, refinance — then recycle the cash into the next home, ~100 times.

Year-5 exit

Full portfolio sale. You collect roughly 2x your capital.

The Flywheel

Each dollar works again and again.

BUYAll-cash purchases at an average 27% below market — instant equity on day one.
RENOVATERenovated to rent-ready condition: floors, kitchens, mechanicals, roofs where needed.
RENT$1,447/mo. average — strong demand for well-renovated entry-level rentals.
REFINANCEA portfolio loan pulls your cash back out — and funds the next purchase.
REPEATThe portfolio compounds to 100 homes without new capital.

Sample Market — Columbia, South Carolina

The right market matters more than the right pitch.

South Carolina has the fastest-growing population per capita in the U.S. — more Americans are moving there than to Florida or Texas. Columbia is its capital: state government, military, healthcare, and university demand colliding with a severe entry-level housing shortage — in one of the most landlord-friendly states in the country.

#18

best U.S. housing market for 2026, with 7.2% projected price growth (Realtor.com)

+0%

Columbia rent growth in 2025 — while U.S. rents fell 2.1%

below 2016 levels — Columbia's housing inventory remains severely constrained

$224K

average Columbia SFR value vs. $357K U.S. average — with faster days-on-market

Landlord-friendly by design

No rent control, efficient courts, and predictable timelines — South Carolina consistently ranks among the most landlord-friendly states in the U.S., protecting your rental cash flow.

The migration arbitrage

Buyers from New York, California, and DC sell homes at $750K–$1.2M+ and relocate to a market where renovated homes trade under $250K — importing capital and demand every month.

Your market, your call

Columbia is our proven sample market — but we can set up shop anywhere you want to own. Your hometown, your college town, or the next Columbia we find together.

Sample Properties

Real homes. Real numbers.

Recent acquisitions in the Columbia, SC metro — the same market, team, and playbook your fund will run.

Property	Purchase	+ Reno	= All-in	Appraised	Discount	Rent/mo.
3521 Baywater Dr, Columbia, SC	$65,000	$54,687	$119,687	$155,000	22.8%	$1,475
429 Greenlake Dr, Hopkins, SC	$90,000	$50,905	$140,905	$205,000	31.3%	$1,500
186 Stonewood Dr, W. Columbia, SC	$89,600	$51,983	$141,583	$205,000	30.9%	$1,575
219 S Guignard Dr, Sumter, SC	$64,000	$68,479	$132,479	$170,000	22.1%	$1,375
Portfolio average (all homes)	$63,716	$58,886	$122,602	$167,250	26.7%	$1,447

Your Commitment

Your fund is sized to you.

There is no fixed buy-in. Move the slider to see the portfolio your commitment builds.

$4.5MYour commitment

$500K$10M

100

Homes owned by your fund

$16.7M

Portfolio value at renovated appraisal

$145K

Gross monthly rent at full lease-up

Modeled on the fund’s underwriting: a $4.5M commitment builds a 100-home portfolio, at $167,250 average renovated value and $1,447 average monthly rent per home. Home counts are estimates — actual results vary with acquisition pricing, renovation scope, and financing terms. The projected returns below are modeled on the $4.5M case.

Projected Returns

What your $4.5M is projected to deliver

Projected investor IRR (retail exit)

~0x

Equity multiple over the 5-year hold

$0M

Total projected distributions to you

Homes owned by your fund

1st

$4.5M

Return of your capital

Every dollar you put in comes back before any carry is earned.

85%

$3.99M

Of all profits — to you

Your share of the projected $4.7M profit pool.

15%

$704K

Carried interest — to the manager and its partners

Earned only on profits above your returned capital. No annual management fee. Fully disclosed in the PPM.

Source: Restoration Homes underwriting model (July 2026), which models a $4.5M fund of 100 homes and is scaled proportionally to the commitment you select above. IRR and equity multiple are unchanged by that scaling; fixed fund-level costs mean a smaller fund carries them across fewer homes. Assumptions: 5-year hold, 3.5% annual appreciation, 5% annual rent growth, 5% vacancy, all-cash purchases refinanced at ~67.5–75% LTV at ~7%. Projections are targets, not guarantees — see disclosures below. Past performance is not indicative of future results.

Fund Structure

You see exactly where every dollar goes.

Every entity, fee, and interest is spelled out in your fund’s PPM — including the referral interest held by the partners who introduce investors.

Restoration Homes Management

Your fund manager. Runs the fund day to day, hires and oversees the operating companies below, and secures the lenders and insurance carriers your fund depends on. Compensated through carried interest, not fees.

No annual management fee

Restoration Homes Acquisitions

Sourcing and purchasing off-market homes at deep discounts.

5% acquisition fee

Restoration Homes Construction

Renovation management from scope to final punch list.

10% of renovation cost

Dwella Property Management

Leasing, maintenance, and tenant relations across the portfolio.

8% of collected rent

Restoration Homes Sales

Marketing and disposition of the portfolio at the end of the hold.

1% of sale price

The Owner Experience

You’re not just investing. You’re building.

Ownership, in writing

Every legal document, every property title, every report carries your fund’s name — a legacy you pass to your family.

Quarterly owner reports

Built for you: photos of your homes, rents collected, renovations in progress, and plain-English numbers.

Site visits

See your properties in person. Bring your family. Walk the homes you own.

Your circle only

Family, friends, and co-investors join only with your approval — same terms, same reporting.

The Operators

The same team running our current fund runs yours.

Adam Slipakoff

CEO · Fund Management

Corporate attorney (VC & M&A). Co-founded the $20M Alder Somerset Fund — 300% investor exit. 15+ years building SFR portfolios.

Alex Fisher

CIO · Acquisitions & Sales

Licensed broker in SC, NC & GA. 3,000+ single-family homes acquired for investors since 2017. Specializes in off-market home acquisitions.

Jordan Shutts

COO · Asset Management

Licensed agent in SC, NC & GA. Former underwriting director at an institutional SFR firm. Builds the software that runs the fund — underwriting, construction, and owner reporting.

Jenn Ott

Property Manager · Investor Relations

Property Manager in Charge (SC), CHAM and NAHP certified. 29+ years managing residential portfolios — 82,000+ units taken over and 65,000+ new-construction units delivered.

Your Path to Ownership

Four steps to your fund.

Sit down with us

Meet the team, ask everything — bring your agent, advisor, or family.

Review the PPM

Full terms, fees, and risks in writing. Accredited investors only.

Fund your commitment

$4.5M — alone, or with co-investors you approve.

Watch it build

First homes within 60 days. Quarterly owner reports from day one.

One fund. 100 homes. Yours.

Jordan Shutts · COO, Restoration Homes

Important Disclosures

This website is for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offer or solicitation will be made only by means of a confidential Private Placement Memorandum (“PPM”) and related subscription documents, which contain a complete description of the terms, conditions, and risks of investment.
Investment is limited to “accredited investors” as defined under Rule 501 of Regulation D of the Securities Act of 1933, as amended.
Target returns are hypothetical, based on Restoration Homes’ good-faith estimates and assumptions from its underwriting model, and are subject to significant business, economic, and market risks. Actual results may differ materially. Past performance — including results of prior funds managed by the Restoration Homes team — is not indicative of future results.
Real estate investments are illiquid and involve substantial risk, including loss of principal. There is no public market for the securities described herein and none is expected to develop.
Construction and property management services may be provided by entities affiliated with Restoration Homes, including Dwella Property Management. All related-party transactions, referral arrangements, and associated fees — including any carried interest shared with referring partners — will be fully disclosed in the PPM for each fund.
Adam & Zita Henry are strategic partners of the fund manager and receive a share of its carried interest with respect to funds they introduce. They may also invest in Bespoke Funds vehicles.
Restoration Homes is not registered as an investment adviser. Prospective investors should consult their own legal, tax, and financial advisors before investing.