Auburn, Indiana is the seat of DeKalb County (city population ~13,000; county ~43,000) and the home of LV5 Capital's Indian Terrace Villas — a villa-style residential community the firm owns and operates as part of The Villas Portfolio. Located about 25 minutes north of Fort Wayne along I-69, Auburn has an automotive-supplier and metal-fabrication employment base that includes Cooper Standard, Auburn Gear, and Rieke (TriMas Packaging), plus DeKalb Health (Parkview DeKalb Hospital). The villa-style product — single-story ranch homes with attached garages, in-unit laundry hookups, and pet-friendly policies — fills the gap between traditional apartments and single-family rentals, with very little competing supply in the county. That scarcity, combined with demand spillover from the Fort Wayne metro and an affordable acquisition basis, supports durable occupancy and steady cash flow. Approximate market figures: median home price around $200,000, median two-bedroom rent near $950, and unemployment around 3.7%.
Auburn is the seat of DeKalb County, about 25 minutes north of Fort Wayne along I-69, with an automotive-supplier and metal-fabrication employment base. The villa-style product fills the gap between apartments and single-family rentals, with very little competing supply in the county — scarcity that, combined with Fort Wayne demand spillover and an affordable basis, supports durable occupancy and cash flow.
LV5 Capital owns and operates Indian Terrace Villas in Auburn — a villa-style residential community of single-story ranch homes with attached garages, in-unit laundry hookups, and pet-friendly policies — as part of The Villas Portfolio. It is one of the firm's anchor northeast Indiana communities.
Auburn's employment base includes automotive suppliers and metal fabricators such as Cooper Standard, Auburn Gear, and Rieke (TriMas Packaging), along with DeKalb Health (Parkview DeKalb Hospital). The nearby Fort Wayne metro adds a deep, diversified regional jobs base within commuting distance.
Yes. Indiana state law generally favors property owners with efficient eviction processes, no rent control, and reasonable tenant-landlord statutes. DeKalb County property taxes are moderate, which helps preserve net operating income for villa-style community owners.
Yes. Accredited investors anywhere in the U.S. can invest as Limited Partners in LV5 Capital's Auburn and northeast Indiana villa-style communities without managing tenants, repairs, or day-to-day operations. The sponsor handles all property management and investor reporting.
While returns vary by deal, villa-style residential investments in Auburn and northeast Indiana typically target 6-9% preferred returns and 14-20% IRR over a 5-7 year hold. Actual results depend on the specific property, capital structure, and market conditions.
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