Company Profile
Sterling Group
Privately held, family-owned real estate investment firm specializing in multifamily housing and self-storage facilities. Vertically integrated with development, construction, acquisition, investment management, and property management services. Develops Class A garden-style multifamily using HUD financing, affordable/senior housing using LIHTC, and acquires/manages self-storage under Mini Storage Depot brand. Over 23,000 multifamily units and 4M+ sq ft self-storage across Midwest and Southeast US.
Key Statistics
As of June 2026, public records show Sterling Group has $140.0M in total recorded mortgage volume across 12 mortgages, with 16 current property ownerships held through 13 confirmed entities.
Total Mortgage Volume
$177.8M
Current Ownerships
16
Confirmed Entities
13
Associated People
4
Entities (13)
Sterling Group operates through 13 confirmed holding companies and entities identified from public records.
TN · 1 property · 2 mortgages
TN · 0 properties · 2 mortgages
AL · 0 properties · 2 mortgages
AL · 6 properties · 2 mortgages
FL · 1 property · 1 mortgage
+8 more entities not shown
People (4)
Key individuals associated with Sterling Group based on signatures extracted from recorded documents and public filings.
President and CEO, Owner · 8 mortgages · 9 properties
Appears as officer/principal on 9 affiliated entities across multiple states (AL, FL, NC, GA, IN, TN), including multifamily (e.g., MODERNE APARTMENTS LLC, STERLING MADISON PARK LLC) and Mini Storage Depot properties, confirming core operational involvement.
Founder and Chairman, Owner · 7 mortgages · 2 properties
Appears as officer/principal on 2 affiliated entities (MODERNE APARTMENTS LLC in AL, MYSTIC BAY LARGO LLC in FL), consistent with his senior ownership role despite fewer appearances than his son Lance.
Properties (16)
| Address | Entity | Status | Consideration |
|---|---|---|---|
| 20 W CARMEL DR, CARMEL, IN 46032 | VER AT PROSCENIUM LLC | Owns | $3.9M |
| 1200 S RANGELINE RD, CARMEL, IN 46032 | VER AT PROSCENIUM LLC | Owns | $3.9M |
| 1225 VETERANS WAY, CARMEL, IN 46032 | VER AT PROSCENIUM LLC | Owns | $3.9M |
+16 more not shown
Top Lenders
The following lenders have the most recorded mortgage volume with Sterling Group entities.
Geography
Sterling Group has recorded real estate activity in the following states.
FAQ
What does Sterling Group do?
Privately held, family-owned real estate investment firm specializing in multifamily housing and self-storage facilities. Vertically integrated with development, construction, acquisition, investment management, and property management services. Develops Class A garden-style multifamily using HUD financing, affordable/senior housing using LIHTC, and acquires/manages self-storage under Mini Storage Depot brand. Over 23,000 multifamily units and 4M+ sq ft self-storage across Midwest and Southeast US.
How many entities are associated with Sterling Group?
Sterling Group operates through 13 confirmed entities identified from signatures on recorded documents. Key entities include MINI STORAGE DEPOT ON ANTIOCH PIKE LLC, MINI STORAGE DEPOT ON BRICK CHURCH PIKE LLC, and MODERNE APARTMENTS LLC.
Who are the key people at Sterling Group?
Public records and filings associate 4 individuals with Sterling Group. Key people include Lance Swank (President and CEO, Owner) and Larry Swank (Founder and Chairman, Owner).
How many properties does Sterling Group own?
Public records show 16 current property ownerships associated with Sterling Group entities, with $177.8M in total recorded mortgage volume.
Which lenders has Sterling Group worked with?
Top lending relationships include New York Life Insurance Company, Berkadia, and Merchants Bank of Indiana, based on recorded mortgage data.
How is this data collected?
Elementix aggregates data from recorded real estate documents, business filings, and other lawfully available sources. We use AI to extract signatures, identify entity relationships, and connect people to the companies they operate through.
The information displayed on this page is compiled from recorded real estate documents, business filings, and other lawfully available sources. Elementix summarizes and analyzes public record activity related to investment real estate and associated business entities.
Elementix is not a consumer reporting agency, and this information does not constitute a consumer report. The data may not be used to make decisions about an individual's eligibility for personal credit, consumer housing, employment, insurance, or any other purpose governed by the Fair Credit Reporting Act.
Requests for removal, suppression, or correction of information must be submitted to [email protected]. Elementix reviews such requests only where required by applicable law.