About LV5 Capital

LV5 Capital is a Lima, Ohio-based multifamily real estate investment firm led by Managing Partner Jeff Dulmage, Partner Doug Schweitzer, and Capital Partner Jason Mazard. With 60+ years of combined real estate and operating experience, the partners have collectively raised more than $20 million in equity, currently oversee 812+ units, and manage over $100 million in assets across Ohio, Indiana, and Michigan. The firm curates exceptional multifamily and commercial real estate deals, invests its own capital in every offering, and then invites accredited investors to participate alongside the partners. Every acquisition is reviewed by an Investment Committee that requires unanimous approval before capital is deployed, and every property is overseen by an Asset Management committee that monitors performance, capital expenditures, and value-add execution.

Senior leadership

  • Jeff Dulmage — Managing Partner. Jeff Dulmage is the Managing Partner of LV5 Capital. With more than 30 years of real estate experience, he built and scaled a full-service brokerage and property management company to over 400 units before a successful exit. Jeff has completed over seven syndications and multiple joint venture deals, raising more than $20 million in capital, and currently holds 812+ units with $75M+ in AUM.
  • Doug Schweitzer — Partner. Doug Schweitzer is a Partner at LV5 Capital with 32+ years of business ownership experience. For the last 19 years, Doug has been an active and passive real estate investor across single-family, multifamily, and syndication transactions, bringing operational rigor and strategic discipline to every deal the firm underwrites.
  • Jason Mazard — Capital Partner. Jason Mazard is a Capital Partner at LV5 Capital, leading investor relations and capital raising. A Dartmouth College graduate, Jason brings two years of private equity capital-raising experience — having raised $2.2 million across multiple real estate funds — and five years of operational leadership at Fortune 50 companies including Amazon and Frito-Lay.

Governance & oversight

Every LV5 Capital acquisition is reviewed by an Investment Committee that requires unanimous approval before capital is deployed. Asset Management oversees quarterly portfolio performance, capital expenditure programs, and value-add execution. The Risk & Compliance committee oversees ongoing market risk assessment, regulatory compliance, and reporting standards.

Where we invest

Active markets include Ohio (Mansfield, Delta, Lima, Elida), northeast Indiana, and southern Michigan. View the full portfolio or schedule a consultation.