LV5 Capital Completes Full-Cycle Exit of 26 Downtown LP, Delivering a 94.5% Total Return to Investors

LIMA, Ohio, September 28, 2026 — LV5 Capital today announced the completed sale of 26 Downtown LP, a three-building, 26-unit multifamily and mixed-use portfolio in downtown Lima (500-518 W Elm St, 222-232 S McDonel St and 315-319 N Elizabeth St). The portfolio sold on August 21, 2026 for $2,500,000, 20.6% above its August 2021 purchase price of $2,073,000, after a five-year hold. Limited partners invested $650,000 and received 60 consecutive monthly distributions at a 9.5% annualized preferred return ($308,820.60), all of their capital back, and a $305,340 profit distribution at closing — $1,264,160.60 in total, a 94.5% total return and a 1.945x equity multiple. A $100,000 investment returned $194,486.24. The properties paid down $184,086 of loan principal during the hold, and general partners Jeff Dulmage and Dave Mayer, both licensed real estate agents, waived the sales commission (about $100,000 at a standard 4% rate), keeping closing costs to $8,473. The buyer is a local investor group that includes two of the partnership's original investors. Past performance does not guarantee future results; this is not an offer to sell or a solicitation of an offer to buy any security.