LV Property Management

What LV Property Management does

LV Property Management (legal entity Legacy Varin Property Management, LLC) is a privately held real estate investment and property management company founded in 1997 by David Nankin with the purchase of an apartment community in Kenosha, Wisconsin. The firm acquires, repositions, and manages multifamily residential communities across Wisconsin, Illinois, and Indiana, operating a portfolio of more than twenty properties and 4,000+ units that span luxury midrise (Park 150 Apartments, Hawthorn Luxury Apartments), garden-style market-rate (Timber Ridge, Riverwood Estates), affordable and income-restricted housing (Hillcrest, Riverside Glen, Clare Meadows Senior Apartments), and senior housing (Clare Meadows). Nineteen named communities are listed on the company website. Revenue is generated primarily through recurring residential rental income from the owned and managed portfolio, with a sales-led motion toward accredited real estate investors who access the firm through the Juniper Square investor portal. Pricing for individual apartment units is not publicly disclosed and is handled through each property's leasing office.

The company's core technology is a standard property management stack: a proprietary resident portal deployed at each property that handles online maintenance requests, rent payments, and resident-team communications. The firm does not operate a consumer mobile app, expose a public API, or disclose any AI or machine learning capabilities. Investor relations and capital partner access are managed through the Juniper Square platform, which signals an institutional-style reporting posture unusual for a family-controlled regional operator. Technology is positioned as an enabler of operational service rather than a source of differentiation.

LV Property Management serves two distinct customer segments: individual renters seeking housing across multiple price points and amenity tiers, and real estate investors seeking exposure to value-add multifamily repositioning. Distribution is direct-to-consumer through onsite leasing offices at each community and direct to investors through the sales team and Juniper Square portal. The firm is led by founder and Managing Member David Nankin and CFO Robin Nankin, supported by a team of VPs covering Investments, Operations, and Accounting, regional property managers, and a centralized corporate function of roughly 100 employees based at the Highland Park, Illinois headquarters.

Name

LV Property Management

Legal name

Legacy Varin Property Management, LLC

Website

https://lvpmllc.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

LV Property Management is a privately held, family-owned real estate investment and property management firm that owns and operates 20+ multifamily communities totaling over 4,000 units across Wisconsin, Illinois, and Indiana, serving individual renters and accredited real estate investors through direct leasing and the Juniper Square investor portal.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Residential property management
• Multifamily housing
• Apartment leasing
• Real estate investment
• Tenant services

Headquarters

HQ city

Highland Park

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Others

Revenue model

1. Residential Rental Income: Revenue generated from leasing apartment homes across their portfolio of more than 20 residential and commercial properties totaling over 4,000 units in Wisconsin, Illinois, and Indiana.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels1 record

Core offering

LV Property Management (Legacy Varin Property Management, LLC) is a privately-held real estate investment and property management company that owns and operates more than 20 residential and commercial properties comprising over 4,000 units across Wisconsin, Illinois, and Indiana. The company leases apartments to individual residents and provides professional property management services across its owned and investor portfolio. Founded in 1997 and headquartered in Highland Park, Illinois, the firm supports residents with online tools for rent payment and maintenance requests.

Product overview

LV Property Management is a real estate investment and property management company that owns and manages over 4,000 residential apartment units across Wisconsin, Illinois, and Indiana. The company operates a portfolio of 19 distinct branded apartment communities, ranging from luxury midrise properties (Park 150 Apartments) to affordable senior housing (Clare Meadows Senior Apartments), garden-style communities (Timber Ridge, Forest Glen, Courtyard Junction), and mixed-income properties (Hillcrest, Riverside Glen). The core offering encompasses full-service property management including leasing, maintenance, and resident services, supported by a proprietary resident portal technology for maintenance requests, rent payments, and team communications. The portfolio includes properties in various states of renovation, from newly developed luxury communities (Hawthorn Luxury Apartments, The Falls at Pike Creek) to classic garden-style properties (Georgetown, Regency).

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Apartment Rentals
• Property Management Services
• Commercial Property Management

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

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• RPM Living: RPM Living is a multifamily property management and investment firm with a third-party management platform, comparable to LV's mix of owned and managed multifamily exposure.
• Cardinal Group: Cardinal Group is a multifamily management, investment, and development firm with a comparable mid-market operating footprint and vertically integrated platform.
• Elmington Property Management: Elmington is a multifamily developer, owner, and operator focused on value-add acquisitions and repositioning, sharing LV's investment-driven owner-operator model.
• Weidner Apartment Homes: Weidner is a multifamily owner-operator that acquires, repositions, and manages apartment communities across multiple U.S. markets, sharing LV's value-add investment approach and operating scope.
• RangeWater Real Estate: RangeWater is a multifamily developer and operator focused on acquiring and managing garden-style and value-add communities, directly comparable to LV's repositioning strategy and asset class.
• The NRP Group: The NRP Group is a vertically integrated multifamily developer, owner, and property manager that builds and operates affordable and market-rate communities, overlapping LV's affordable and market-rate segments.
• Bozzuto: Bozzuto is a privately held multifamily developer, owner, and operator with a comparable regional focus and integrated acquisition-to-management platform, making it a close analog to LV's owner-operator model.
• McKinley Companies: McKinley is a multifamily owner and operator with a comparable Midwest-heavy portfolio and value-add operating strategy.

Broad incumbents

• Mid-America Apartment Communities: Mid-America Apartment Communities is a large multifamily REIT with significant Sunbelt-focused holdings; comparable as a broad institutional incumbent in the same asset class.
• Equity Residential: Equity Residential is a large public REIT that owns and operates multifamily communities at scale, representing the institutional incumbent benchmark for the asset class LV operates in.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/legacy-varin-property-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 LV Property Management