Legacy Varin Property Management

What Legacy Varin Property Management does

Legacy Varin Property Management, LLC (LV Property Management) is a privately held real estate investment and property management company founded in 1997 by David Nankin with the acquisition of its first apartment community in Kenosha, Wisconsin. Headquartered at 1949 St. Johns Ave., Suite 202, Highland Park, Illinois, the company owns and manages more than 20 residential and commercial properties encompassing over 4,000 apartment units across Wisconsin, Illinois, and Indiana. The portfolio spans market-rate luxury (Hawthorn Luxury Apartments, The Waters at Pike Creek, Park 150), traditional market-rate (The Hamptons, Riverwood Estates, Timber Ridge), affordable housing (Hillcrest, Residences at Library Park, Forest Glen, Riverside Glen), and senior living (Clare Meadows), supported by a proprietary resident portal for maintenance requests, rent payment, and management communication.

The company operates a dual go-to-market model: it directly leases apartment homes to individual residents through on-site property management teams and property-specific websites, while simultaneously raising capital from institutional and individual investors via the Juniper Square investor portal to acquire and reposition undermanaged multifamily assets alongside partners. Revenue is generated primarily from rental income across the owned portfolio, supplemented by property management and asset management fees on behalf of investor partners. The leadership team includes Founder and Managing Member David Nankin, CFO Robin Nankin, VP of Operations Jayme Shin, VP of Investments Nick DeFrank, and three regional property managers overseeing portfolios across Wisconsin, Illinois, and Indiana, supported by 100+ employees including specialized training, accounting, and risk management functions.

Name

Legacy Varin Property Management

Legal name

Legacy Varin Property Management, LLC

Website

https://legacyvarin.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Short description

Legacy Varin Property Management is a privately held real estate investment and property management firm operating 20+ residential and commercial properties totaling more than 4,000 apartment units across Wisconsin, Illinois, and Indiana. The company serves individual renters through direct leasing and investment partners via Juniper Square, while identifying and repositioning undermanaged multifamily assets.

Ownership category

akta.pro rank

Product category

Residential Multifamily Property Management

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industry

Healthcare & Senior Housing Real Estate Asset Management (BPAJAMAH)

Keywords

• Residential property management
• Multifamily real estate investment
• Apartment leasing services
• Affordable housing communities
• Real estate asset management

Headquarters

HQ city

Highland Park

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Rental Income: Revenue generated from leasing apartment homes across the company's portfolio of more than 4,000 units in Wisconsin, Illinois, and Indiana. The company develops garden-style residential communities and manages them for their own portfolio as well as for partners.
2. Property Management Fees: The company provides property management, leasing, and maintenance services, generating fees from investor partners for asset management and operational services.
3. Real Estate Investment Returns: The company invests alongside partners in multifamily acquisitions, creating value through capital improvements and operational efficiencies. Returns are distributed to investor partners.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Legacy Varin Property Management owns, manages, and leases more than 20 residential apartment communities totaling 4,000+ units across Wisconsin, Illinois, and Indiana. The company provides full-service property management, leasing, and maintenance for its own portfolio and for investor partners, and also identifies and acquires undermanaged multifamily properties alongside investor partners to reposition them and generate returns through capital improvements.

Product overview

Legacy Varin Property Management (LV Property Management) is a real estate investment and property management company operating a portfolio of more than 20 residential and commercial properties across Wisconsin, Illinois, and Indiana. The company's primary offering is a collection of apartment communities (including Hawthorn Luxury Apartments, The Hamptons Properties, The Waters at Pike Creek, Park 150 Apartments, and 16 other named properties) that range from market-rate luxury to affordable senior housing. Core services include property management, leasing, maintenance, and real estate investment, supported by a resident portal technology for maintenance requests, rent payments, and communications. The portfolio encompasses over 4,000 units across garden-style communities, with services organized around value creation through capital improvements and property reinvestment.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Services
• Real Estate Investment Services
• Hawthorn Luxury Apartments
• The Hamptons Properties
• Stationside Village Apartments
• Riverwood Estates
• The Falls at Pike Creek
• The Meadows
• Timber Ridge Apartments
• Forest Glen Apartments
• Courtyard Junction Apartments
• Georgetown Apartments
• Hillcrest Apartments Affordable residential housing for low-income families in Waukesha, WI featuring two and three-bedroom apartments with wood-style flooring, sizeable kitchen, playground, and secured entrances.
• Monterey Apartments
• Park 150 Apartments
• Regal Pointe Apartments
• Regency Apartments
• Residences at Library Park
• Riverside Glen Apartments
• The Waters at Pike Creek
• Clare Meadows Senior Apartments

Quantifiable outcome

• More than 4,000 apartment units managed across three states
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Juniper SquarecoreTechnology or IntegrationLV Property Management uses Juniper Square's investor management platform for their investor login portal. This enables investor partners to monitor their investments, access financial reporting, and communicate with the management team. The platform is referenced on the company's main website as the designated investor login destination.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Peak Properties: Chicago-based multifamily owner and property manager operating Class A apartment communities across the Midwest. Directly comparable to LVPM as a Midwest multifamily specialist; LVPM associate Zach Nankin previously worked at Peak Properties, indicating overlap in operating geography, customer base, and management practices.
• Village Green: Detroit-headquartered multifamily owner and third-party property manager operating primarily in the Midwest with 250+ communities. Comparable to LVPM in its Midwest geographic concentration, multifamily-only focus, and combination of owned-portfolio and fee management services.
• McKinley Companies: Ann Arbor, Michigan-based owner-operator and manager of over 35,000 multifamily apartment units across the Midwest. Highly comparable to LVPM in its vertically integrated investment-plus-property-management model, value-add strategy targeting undermanaged assets, and Midwest regional focus, though at significantly larger scale.
• KMG Prestige: Multifamily property management firm with a portfolio of over 25,000 units across the Midwest and Mid-Atlantic. Comparable to LVPM in its third-party property management focus on multifamily assets in secondary Midwest markets, though operating as a fee manager rather than an owner-operator.
• Hawthorne Residential Partners: Multifamily investment and management firm focused on Class A and B apartment communities across the Southeast and Midwest. Comparable to LVPM in its vertically integrated investment-and-management structure and value-add strategy on multifamily assets in secondary markets.
• Edward Rose & Sons: Family-owned multifamily owner-operator with a portfolio concentrated in the Midwest including Illinois, Wisconsin, Michigan, and Indiana. Closely comparable to LVPM in its privately held, family-controlled structure and apartment portfolio spanning Class A through Class C product in overlapping Midwest submarkets.
• Gene B. Glick Company: Indianapolis-based multifamily owner, developer, and manager with a portfolio spanning the Midwest and Mid-Atlantic. Comparable to LVPM in its multifamily focus, owner-operator model, value-add strategy on undermanaged assets, and significant Indiana presence which overlaps with LVPM's Mishawaka and South Bend operations.

Broad incumbents

• BLDG Management: Midwest-focused multifamily owner-operator headquartered in Indianapolis, Indiana, with a portfolio spanning Indiana, Illinois, Ohio, and Kentucky. Comparable to LVPM in its owner-operator strategy and significant Indiana/Illinois footprint overlap, though larger in scale.
• Asset Living: One of the largest U.S. multifamily and student housing property managers with over 300,000 units. Comparable to LVPM in core multifamily management activities but operates as a broad incumbent with national scale, third-party fee management as its core model rather than owner-operator.
• Greystar Real Estate Partners: Global multifamily investment, development, and management firm with approximately 950,000 units under management. Comparable to LVPM in its integrated investment-and-management model, but operates as the dominant broad incumbent across all U.S. regions including direct overlap in LVPM's Midwest markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Legacy Varin Property Management