About Us
Lakestone Properties is a real estate investment company focused on Cleveland, Ohio. We transform neglected properties through expertly managed renovations. We are committed to top returns on capital by revitalizing neighborhoods and helping families thrive.
With over 30 years of experience and multi-million dollars in transactions, our team's portfolio spans markets in Florida, Detroit, Toronto and Montreal. Today we are firmly focused on beautiful and fast-growing Cleveland, Ohio. We are using our passion, capital and expertise to fuel Cleveland's exciting 21st-century revival.
Why Cleveland
Housing affordability:
#2
in US
4.7%
Rental vacancy:
Average rent:
$1,558
Median home price:
$116,771
28.3%
Rental yield:
+
36.4%
Flip ROI:
+
At Lakestone we believe that the storied Cleveland, Ohio is poised for a true 21st-century revival and is one of the hottest markets for real estate investors in 2025.
Sources: constructioncoverage.com, rentcafe.com, zillow.com, Multiple Listing Service (MLS)
See all the great reasons we at Lakestone choose to invest in Cleveland!
Cleveland's iconic Terminal Tower is a symbol of American prosperity, ingenuity and hope.
How We Invest
Our mission is simple:
we take pride in minimizing risk and maximizing returns for our lenders, benefitting all our partners and helping local communities thrive.
To achieve our goals, we bring our proven 4-step investment process to every project.
LOCATING
HIDDEN GEMS
1
We locate distressed properties in need of love by applying marketing strategies and leveraging our network of best-in-class real estate professionals in the Cleveland market.
THE RIGHT
RENO
3
We retain high quality contractors and use state-of-the-art project management techniques to ensure that every renovation is completed on time and budget.
POWER OF
LEVERAGE
2
We ensure top returns on every deal through expert underwriting and due diligence. We value our lenders' trust and treat all capital with the highest accountability.
FLEXIBLE
EXIT
4
Multiple exit strategies allow us to optimize every property based on market demand. We work with top realtors and property managers to sell or rent each completed project.
The Shoumarov family come from several generations of entrepreneurs. We believe in hard work, perseverance, trusted partnership and a positive mindset. For over 30 years we have been blessed with success as investors in markets across Florida, Detroit, Toronto and Montreal. Today we are passionate about real estate as a tool for prosperity, personal growth and positive social impact.
Alex Shoumarov continues the family legacy of investment and entrepreneurship. He holds a BBA degree in economics and finance from the renowned Schulich School of Business. In addition to spearheading Lakestone Properties' Cleveland expansion, he has a successful practice as an educator and consultant.
Here's to abundance, from our family to yours!
We are passionate about real estate as a tool for prosperity, personal growth and positive social impact.
Our Story:
From Our Family to Yours
Meet the Lakestone Team
Alex Shoumarov
Founder and CEO
Alex is the driving energy behind the Lakestone power team. His honed analytical and communication skills help us broaden our market reach, build new partnerships and pick the winning deals.
Tanya and Kosta Shoumarov
Presidents
Tanya and Kosta provide Lakestone's long-term investment vision. Their strong bond and years of experience bring wisdom and common sense to all our business decisions. They instill the values of family, partnership, care and responsibility.
John Duplessis
Project Manager
John brings a passion for real estate to the Lakestone team. He handles all project internals, supports us with property management and adds modern media savvy to our skillset.
Maria Estolas
Virtual Assistant
Maria is the organizational powerhouse at Lakestone. Her thoroughness, punctuality and attention to detail are indispensable for our smooth operations, while her humor brightens the day.
Van Sturgeon
Advisor and Strategist
Van is a seasoned property investor with vast experience in the US market and profound knowledge of renovations. His expert advice ensures that every project is profitable, timely and cost-efficient.
The Lakestone Team
Alex Shoumarov
President and CEO
Alex is the driving energy behind the Lakestone power team. His honed analytical and communication skills help us broaden our market reach, build new partnerships and pick the winning deals.
Maria Estolas
Virtual Assistant
Maria is the organizational powerhouse at Lakestone. Her thoroughness, punctuality and attention to detail are indispensable for our smooth daily operations, while her humor brightens the day.
Tanya and Kosta Shoumarov
Founders
Tanya and Kosta provide Lakestone's long-term investment vision. Their strong bond and years of experience bring wisdom and common sense to all our business decisions. They instill the values of family, partnership, care and responsibility.
Van Sturgeon
Advisor and Strategist
Van is a seasoned real estate investor with vast experience in the US market and profound knowledge of property renovations. His expert advice ensures that every project is profitable, timely and cost-efficient.
John Duplessis
Project Manager
John brings a passion for real estate to the Lakestone team. He expertly handles project internals, supports us with outstanding property management and adds modern media savvy to the Lakestone skillset.
Standard delivery (5-10 days) - Free
Expedited delivery (3-4 days) - $10
Express delivery (1-2 days) - $15
International shipping rates vary by country.