LV5 Capital is a multifamily real estate investment firm based in Lima, Ohio that invests alongside accredited investors in apartment communities and commercial real estate across the Midwest. With 60+ years of combined operating experience and over $100 million in assets under management, our team has acquired more than 1,000 units of housing across Ohio, Indiana, and Michigan. We sponsor multifamily syndications that target consistent monthly cash flow, powerful tax advantages from cost segregation and bonus depreciation, forced and organic appreciation, and the downside protection that comes from owning hard assets in supply-constrained Midwest markets. Investors looking to generate passive income from real estate without the hands-on work of being a landlord can partner with LV5 Capital to access institutional-quality deals, transparent reporting, and a sponsor whose own capital is invested in every offering.
LV5 Capital is a multifamily real estate investment firm headquartered at 790 Shawnee Rd, Lima, Ohio 45805. Founded by Managing Partner Jeff Dulmage, the firm is led by Jeff alongside Partner Doug Schweitzer and Capital Partner Jason Mazard. Together, the partners bring more than 60 years of combined real estate and operating experience to every acquisition.
The firm invests in multifamily and commercial real estate across the Midwest, with active properties in Ohio, Indiana, and Michigan. The current portfolio includes Pine Bridge Apartments in Mansfield, Ohio, Delta Villas in Fulton County, Town & Country in Elida, 26 Downtown LP in Lima, the realized Kenton Meadows mobile home park, and the flagship Villas Portfolio — 463+ villa-style residential units across 42 communities in Ohio, Indiana, and Michigan.
Accredited investors can schedule a consultation with the LV5 Capital team to learn about current and upcoming offerings. The firm typically structures multifamily syndications under SEC Regulation D, with a 5–7 year hold, a preferred return paid to Limited Partners, and a profit split above the preferred return. Every offering includes the partners' personal capital — the team invests alongside its investors in every deal.
New to passive real estate investing? Start with our learn library: What is real estate syndication?, Passive vs active real estate investing, Cost segregation for real estate investors, 1031 exchange alternatives, and Multifamily investing 101. Use the investment calculator to model returns, or download our free passive income e-book.
LV5 Capital actively invests in Ohio (with deeper coverage of Mansfield and Delta), Indiana, and Michigan. Read more on our blog or learn more about the team.