UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

[ X ] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended September 30, ~~2013~~2014

[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from __________ to __________

Commission File Number: 0-16561

REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP - V

(Exact name of registrant as specified in its charter)

Delaware		16-1275925
(State of organization)		(IRS Employer Identification No.)

2350 North Forest Road, Getzville, New York 14068

(Address of principal executive offices)

(716) 636-9090

(Registrant’s telephone number)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X ] No [ X]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Date File required to be submitted and posted pursuant to Rule 405 of Regulations S-T (232.405 of this chapter) during the preceding 12 months (or such shorter period that the registrant was required to submit and post such files) Yes [ ] No [X]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer (Do not check if a smaller reporting company) [ ] Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes [ ] No [X]

~~Part~~REALMARK 1PROPERTY -INVESTORS ~~FINANCIAL~~LIMITED ~~INFORMATION~~PARTNERSHIP ~~Item~~– ~~1 - Financial Statements~~V

Condensed Balance Sheet

Part 1 - FINANCIAL INFORMATION
Item 1 - Financial Statements
Consolidated Balance Sheets
As of September 30, 2014 and December 31, 2013 (Unaudited)

	September 30, 2014	December 31, 2013
Assets
Property and equipment, at cost:
Land and improvements	$ 299,744	$ 299,744
Buildings and improvements	2,088,990	2,029,646
	2,388,734	2,329,390
Less accumulated depreciation	(1,823,651)	(1,759,295)
Net property and equipment	565,083	570,095
Cash	7,798	-
Accounts receivable, net	7,891	1,105
Other assets	9,985	-
Total assets	$ 590,757	$ 571,200
Liabilities and Partners' Deficit
Liabilities:
Senior secured loan and accrued interest payable to affiliated party	$ 1,711,210	$ 1,647,832
Payables to affiliated parties, including accrued interest	2,121,718	1,763,473
Accounts payable and accrued expenses	110,698	140,211
Note payable and accrued interest	-	121,274
Security deposits and prepaid rents	37,204	27,474
Total liabilities	3,980,830	3,700,264
Partners' deficit:
General partners	(283,433)	(275,602)
Limited partners	(3,106,640)	(2,853,462)
Total partners' deficit	(3,390,073)	(3,129,064)
Total liabilities and partners' deficit	$ 590,757	$ 571,200

		(Unaudited)
		September 30,		December 31,
Assets		2013		2012
Property and equipment, at cost	$	2,329,390	$	2,316,190
Less accumulated depreciation		(1,739,141)		(1,678,620.00)
		590,249		637,570
Cash		300		236
Accounts receivable, net		2,583		1,927
Other assets		-		6,549
Total assets	$	593,132	$	646,282
Liabilities and Partners' Deficit
Senior secured loan and accrued interest payable to affiliated party		1,546,076		1,521,076
Payables to affiliated parties		1,696,119		1,534,118
Accounts payable and accrued expenses		102,515		148,512
Note payable and accrued interest		116,891		112,507
Security deposits and prepaid rent		30,512		25,920
Partners' deficit		(2,898,981)		(2,695,851)
Total liabilities and partners' deficit	$	593,132	$	646,282
See accompanying notes to the Financial Statements

See accompanying notes to consolidated financial statements.

Condensed Consolidated Statements of Operations
(Unaudited)
	Three months ended September 30,				Nine months ended September 30,
	2013		2012		2013		2012
Rental income	$	95,943	$	79,403	$	276,788	$	218,145
Interest and other		33		985		893		3,216
Total income		95,976		80,388		277,681		221,361
Property operating costs		100,212		88,320		290,474		235,368
Other administrative expenses		2,509		16,694		22,836		51,184
Administrative expense - affiliates		5,500		10,925		28,337		32,644
Interest - affiliates		25,000		22,326		74,259		105,219
Interest		366		9,557		4,384		9,557
Depreciation		20,049		20,049		60,521		60,555
Total expenses		153,670		167,871		480,811		494,527
Net loss	$	(57,694)	$	(87,483)	$	(203,130)	$	(273,166)
Net loss per limited partnership unit	$	(1.51)	$	(4.04)	$	(8.23)	$	(12.62)
Weighted average limited partnership
units outstanding		21,003		21,003		21,003		21,003

REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP – V

~~See~~ Consolidated ~~accompanying~~Statements ~~notes~~of toOperations ~~the Financial Statements~~

(unaudited)

	Three months ended September 30,		Nine months ended September 30,
	2014	2013	2014	2013
		(restated)		(restated)
Income:
Rental	$ 124,325	$ 96,469	$ 349,013	$ 277,488
Interest and other	10,102	65	28,050	925
Total income	134,427	96,534	377,063	278,413
Expenses:
Property operations	127,002	100,212	343,727	293,341
Interest to affiliates	53,638	45,756	155,616	179,519
Administrative:
Affiliates	11,137	8,627	31,133	33,964
Other	26,745	2,527	43,239	22,161
Depreciation expense	22,965	20,050	64,356	60,521
Total expenses	241,487	177,172	638,071	589,506
Net loss	$ (107,060)	$ (80,638)	$ (261,008)	$ (311,093)
Net loss per limited partnership unit	$ (5.10)	$ (3.72)	$ (12.05)	$ (14.37)
Weighted average number of limited
partnership units outstanding	21,002.80	21,002.80	21,002.80	21,002.80

See accompanying notes to consolidated financial statements.

Condensed Statements of Cash Flows
(Unaudited)
	Nine months ended September 30,
		2013		2012
Cash provided by (used in):
Operating activities:
Net loss	$	(203,130)	$	(273,166)
Adjustments:
Depreciation		60,521		60,555
Changes in assets and liabilities		(31,128)		(151,195)
Net cash used in operating activities		(173,737)		(363,806)
Cash flows from investing activities:
Additions to property and equipment		(13,200)		(30,893)
Cash flows from financing activities:
Payables to affiliate parties		187,001		394,189
Net increase (decrease) in cash and equivalents		64		(510)
Cash equivalents at beginning of period		236		810
Cash equivalents at end of period	$	300	$	300

REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP – V

See accompanying notes to the Financial Statements

Consolidated Statements of Cash Flows
for the nine months ended September 30, 2014 and 2013
(Unaudited)
		2014		2013
				(restated)
Cash flows from operating activities:
Net loss	$	(261,008)	$	(311,093)
Adjustments to reconcile net loss to net cash
provided by (used in) operating activities:
Depreciation		64,356		60,521
Changes in:
Accounts receivable		(6,786)		(689)
Other assets		(9,985)		6,887
Accounts payable, accrued expenses and payable to affiliates		77,548		358,890
Accrued interest payable		133,942		(105,630)
Security deposits and prepaid rents		9,731		4,078
Net cash provided by operating
activities		7,798		12,964
Cash flows used in investing activities -
additions to property and equipment		(59,344)		(13,200)
Cash flows from financing activities -
Advance from Affiliates	$	59,344	$	-
Net increase (decrease) in cash		7,798		(236)
Cash at beginning of period		-		236
Cash at end of year of period	$	7,798	$	-
Cash paid for interest	$	-	$	-
Non-cash financing activities increase in affiliate advance for the note settled on Partnership’s behalf	$	99,600	$	-

See accompanying notes to Consolidated Financial Statements.

~~Nine~~REALMARK ~~months~~PROPERTY ~~ended~~INVESTORS ~~September~~LIMITED ~~30,~~PARTNERSHIP ~~2013~~– ~~and 2012~~V

~~(Unaudited)~~Notes to Consolidated Financial Statements

~~Organization~~Nine Months ended September 30, 2014 and 2013

~~Realmark Property Investors Limited Partnership - V~~ (~~the Partnership~~1), aFormation Delaware limited partnership, was formed on February 28, 1986, to invest in a diversified portfolio of income-producing real estate investments. The general partners are Realmark Properties, Inc. (the corporate general partner) and Joseph M. Jayson (the individual general partner). Joseph M. Jayson is the sole shareholder of J.M. Jayson & ~~Company,~~Operation ~~Inc. Realmark Properties, Inc. is a wholly-owned subsidiary~~ of J.M. Jayson & Company, Inc. Under the partnership agreement, the general partners and their affiliates can receive compensation for services rendered and reimbursement for expenses incurred on behalf of the Partnership.

~~Basis~~Realmark Property Investors Limited Partnership - V (the Partnership) is a Delaware limited partnership formed on February 28, 1986, to invest in a diversified portfolio of ~~Presentation~~income-producing real estate investments.

~~The~~In ~~accompanying~~1986 ~~unaudited~~and ~~interim~~1987, ~~consolidated~~the ~~financial~~Partnership ~~statements~~sold, ~~have~~through ~~been~~a ~~prepared~~public inoffering, ~~accordance~~21,002.8 ~~with~~units ~~accounting~~of ~~principles~~limited ~~generally~~partnership ~~accepted~~interest infor ~~the~~$20,999,800. ~~United~~At ~~States~~December of31, ~~America~~2013, ~~and~~ the ~~instructions~~general topartners ~~Form~~were ~~10-Q.~~Realmark ~~Accordingly~~Properties, ~~they~~Inc. do(the ~~not~~Corporate ~~include~~General ~~all~~Partner) ~~of the information~~ and ~~notes~~Joseph ~~required~~M. byJayson ~~accounting~~(the ~~principles~~Individual ~~generally~~General ~~accepted~~Partner) inwho was the ~~United~~sole ~~States~~shareholder of ~~America~~J.M. ~~for~~Jayson ~~complete~~& ~~financial~~Company, ~~statements~~Inc. ~~The~~Realmark ~~balance sheet at December 31~~Properties, ~~2012~~Inc. ~~has~~is ~~been~~a ~~derived~~wholly-owned ~~from~~subsidiary ~~the~~of ~~audited~~J.M. ~~financial~~Jayson ~~statements~~& atCompany, ~~that~~Inc. ~~date~~J.M. InJayson ~~the~~& ~~opinion~~Company ofalso ~~management,~~owns ~~all~~1.6423 ~~adjustments~~units ~~(consisting~~ of ~~normal~~limited ~~recurring~~partnerships ~~adjustments)~~units. ~~considered~~Joseph ~~necessary~~M. ~~for~~Jayson apassed ~~fair~~away ~~presentation,~~on ~~have~~June ~~been~~27, ~~included~~2014. ~~The~~A ~~Partnership’s~~successor ~~significant~~Individual ~~accounting~~General ~~policies~~Partner ~~are~~was ~~set~~not ~~forth~~appointed infollowing ~~its~~Mr. ~~December~~Jayson’s ~~31, 2012 Form 10-K~~death. ~~The~~Refer ~~interim~~to ~~financial~~Item ~~statements~~9B: ~~should~~Other beInformation ~~read~~ in ~~conjunction~~the ~~with~~December ~~the~~31, ~~financial~~2013 ~~statements~~Form ~~included~~10K/A ~~therein.~~for ~~The~~further ~~interim~~background ~~results~~on ~~should~~the ~~not~~changes bein ~~considered~~Corporate ~~indicative~~General ofPartner’s ~~the~~Board ~~annual~~and ~~results~~Management.

~~Going~~Under ~~Concern~~the partnership agreement, the general partners and their affiliates can receive compensation for services rendered and reimbursement for expenses incurred on behalf of the Partnership.

The accompanying financial statements have been prepared on a going-concern basis, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Partnership has experienced negative cash flows from operations in recent years, and had an accumulated partners’ deficit at September 30, 2013 of approximately $(2.9) ~~million.~~Restatement ~~The Partnership has funded its activities in recent years generally with advances from affiliated parties. Management intends to meet its operating cash flow requirements by increasing the occupancy~~ of ~~the~~Consolidated ~~Partnership’s~~Financial real estate asset, and preparing the property for a sale at a reasonable price. Until the property achieves a break-even cash flow, advances from affiliates will be required to maintain operations. While management believes that it will be successful in obtained increased occupancy and selling the property, the Partnership cannot be certain that it will be able to obtain these objectives. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.Statements

~~Property~~The accompanying consolidated financial statements have been restated for September 30, 2013 from the unaudited version previously made available to reflect additional adjustments and ~~Equipment~~reclassifications. The nature of these adjustments are discussed in detail in the 2013 Form 10 K/A.

~~Two~~The ofsummary ~~the~~impacts ~~three buildings~~ of the ~~office~~restatement ~~complex~~adjustments ~~known as Commercial Park West in Durham, North Carolina were sold in December 2006. The mortgage~~ on the ~~buildings~~Company’s ~~was~~previously ~~paid~~reported ~~off~~consolidated innet ~~the~~income ~~amount~~for ~~of $5,606,725 at~~ the ~~closing~~three ~~date with the sales proceeds~~ and annine ~~advance~~months ~~from~~ended ~~an affiliate in the amount of $790,000. At~~ September 30, 2013, ~~the~~(in ~~Partnership owned and operated the one remaining building at the complex known as Commercial Park West.~~thousands):

	Three months ended September 30, 2013	Nine months ended September 30, 2013
Net Loss - Previously reported	$ (58)	$ (203)
Interest Expense	(23)	(108)
Net Loss - Restated	$ (81)	$ (311)

(3)	Summary of Significant Accounting Policies

(a)	Basis of Presentation

The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the instructions to Form 10-Q. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America for complete financial statements. The balance sheet at December 31, 2013 has been derived from the audited consolidated financial statements at that date. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation, have been included.

REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP – V

Notes to Consolidated Financial Statements

Nine Months ended September 30, 2014 and 2013

The Partnership’s significant accounting policies are set forth in its December 31, 2013 Form 10-K/A. The interim consolidated financial statements should be read in conjunction with the consolidated financial statements included therein. The interim results should not be considered indicative of the annual results.

(b)	Going Concern

The accompanying consolidated financial statements have been prepared on a going-concern basis, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Partnership has experienced negative cash flows from operations in recent years, and had an accumulated partners’ deficit at September 30, 2014 of approximately $3.4 million. The Partnership has funded its activities in recent years generally with advances from affiliated parties. Management intends to meet its operating cash flow requirements by increasing the occupancy of the Partnership’s real estate asset, and preparing the property for a sale at a reasonable price. Until the property achieves a break-even cash flow, advances from affiliates will be required to maintain operations. While management believes that it will be successful in obtaining increased occupancy and selling the property, the Partnership cannot be certain that it will be able to obtain these objectives. The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

(c)	Fair Value of Financial Instruments

Due to their short-term nature and interest rates that approximate market rates, the fair value of the Partnership’s financial instruments approximated their carrying values at September 30, 2014 and December 31, 2013.

(d)	Property and Equipment

Two of the nine buildings of the office complex known as Commercial Park West in Durham, North Carolina were sold in December 2006. The mortgage on the buildings was paid off in the amount of $5,606,725 at the closing date with the sales proceeds and an advance from an affiliate in the amount of $790,000. At September 30, 2014, the Partnership owned and operated the one remaining building at the complex known as Commercial Park West.

(4)	Related Party Transactions

The Corporate General Partner and its affiliates earn fees, principally for property and partnership management and are reimbursed for services rendered to the Partnership, as provided for in the partnership agreement. A summary of those items for the nine months ended September 30, 2014 and 2013 is as follows:

	2014			2013
Property management fees based on a percent-
age (generally 6%) of the rental income	$	21,306	$	15,964
Reimbursement for cost of services to the
Partnership that include investor relations,
marketing of properties, professional fees,
communications, supplies, accounting,
printing, postage and other items		9,827		18,000
	$	31,133	$	33,964

REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP – V

Notes to Consolidated Financial Statements

Nine Months ended September 30, 2014 and 2013

In addition to the above, other property specific expenses incurred by affiliates such as payroll, benefits, etc., amounting to $109,388 are charged to property operations on the Partnership’s consolidated statements of operations. Certain payables to affiliated parties are payable on demand and bear interest at 8% in 2014 and 2013.

Payable to Affiliated Parties

Payable to affiliates amounted to $ 3,832,928 and $ 3,411,305 at September 30, 2014 and December 31, 2013, respectively. Of this amount, $1,066,719 is payable to an affiliate under a Memorandum of Understanding Agreement dated December 8, 2006. Under the terms of this agreement, the Partnership agrees to repay this loan plus interest at a rate of 8% per annum, upon the sale of the remaining building at Commercial Park West, 2327 Englert Drive, which is currently being marketed for sale. As of September 30, 2014 and December 31, 2013, accrued interest from this agreement, totaled $ 654,908 and $591,529, respectively. J.M. Jayson & Company, Realmark Properties, Inc. and other subsidiaries of J.M. Jayson and Company have advanced additional amounts to the Partnership and deferred collection of amounts owed for services to fund working capital needs. These advances bear interest at the rate of 8% and amount to $2,022,118 and $1,763,473 as of September 30, 2014 and December 31, 2013, respectively, including accrued interest. Also included in payable to affiliates at September 30, 2014 is $99,600 that was borrowed from an affiliate to settle a note payable that was borrowed from an affiliate to settle a note payable to a third party. The third party note including interest aggregating to $121,274 at December 31, 2013 was settled for payments aggregating $99,600 resulting in a gain of $21,674 included in other income. The advance does not bear interest. Total interest expense incurred on amounts owed to affiliated parties for the nine months ended September 30, 2014 and 2013 was $155,616 and $179,519, respectively.

(5)	Investments in Real Estate

Effective January 1, 2001, the Partnership entered into a plan to dispose of the property Commercial Park West. The carrying value of the assets of Commercial Park West amounted to $565,083 and $570,095 at September 30, 2014 and December 31, 2013, respectively. The property generated a net loss of $264,474 and $311,093 for the nine months ended September 30, 2014 and 2013, respectively. As of September 30, 2014 and 2013 based on market conditions, there was not an active program in place to sell the assets and they were not being actively marketed for sale. Accordingly, the assets have not been classified as assets held for sale. Subsequent to September 30, 2014, a real estate agent was retained and the assets are being actively marketed and a subsequent sale is probable. Accordingly, the classification is expected to change for the year ended December 31, 2014.

(6)	Settlement of Lawsuit

As previously reported, the Partnership, as a nominal defendant, the general partners of the Partnership and of affiliated public partnerships (the “Realmark Partnerships”) and the officers and directors of the Corporate General Partner, as defendants, had been involved in a class action litigation at the state court level regarding the payment of fees and other management issues.

REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP – V

Notes to Consolidated Financial Statements

Nine Months ended September 30, 2014 and 2013

On August 29, 2001, the parties entered into a Stipulation of Settlement (the “Settlement”). On October 4, 2001, the Court issued an “Order Preliminary Approving Settlement” (the “Hearing

Order”) and on November 29, 2001, the Court issued an “Order and Final Judgment Approving Settlement and Awarding Fees and Expenses” and dismissing the complaints with prejudice. The Settlement provided, among other things, that all of the Realmark Partnerships’ properties be disposed of. The general partners will continue to have primary authority to dispose of the Partnerships’ properties. If either (i) the general partners have not sold or contracted to sell 50% of the Partnerships’ properties (by value) by April 2, 2002 or (ii) the general partners have not sold or contracted to sell 100% of the Partnerships’ properties by September 29, 2002, then the primary authority to dispose of the Partnerships’ properties will pass to a sales agent designated by plaintiffs’ counsel and approved by the Court. On October 4, 2002, the Court appointed a sales agent to work with the general partners to continue to sell the Partnerships’ remaining properties.

The settlement also provided for the payment by the Partnerships of fees to the plaintiffs’ attorneys. These payments, which are not calculable at this time but may be significant, are payable out of the proceeds from the sale of all of the properties owned by all of the Realmark Partnerships, following the sale of the last of these properties in each partnership. Plaintiffs’ counsel will receive 15% of the amount by which the sales proceeds distributable to limited partners in each partnership exceeds the value of the limited partnership units in each partnership (based on the weighted average of the units’ trading prices on the secondary market as reported by Partnership Spectrum for the period May through September 2001). In no event may the increase on which the fees are calculated exceed 100% of the market value of the units as calculated above.

REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP – V

Management Discussion and Analysis

Nine Months ended September 30, 2014 and 2013

PART I - Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Liquidity and Capital Resources:

AsEffective aJanuary ~~result~~1, of2001, the Partnership has been operating ~~loss~~under atthe ~~Commercial~~order ~~Park~~referenced ~~West~~in Part II, ~~the~~Item ~~Partnership~~1. ~~relied~~The onpartnership has held minimal cash since 2006, when a mortgage was repaid with proceeds from the sale of a portion of Commercial Park West and proceeds from advances from affiliated parties, aggregate amounts outstanding to affiliates offor ~~the~~this ~~general~~advance ~~partner~~and others amounted to ~~fund~~$3,832,928 ~~operations~~and ~~during~~$3,411,305 ~~the~~at ~~first~~September ~~nine~~30, ~~months~~2014 ofand December 31, 2013, respectively. The Partnership made no distributions to partners in 2014 or 2013. In ~~accordance~~connection with the ~~settlement~~pending sale of the ~~lawsuit~~Partnership’s ~~(Part II~~properties, ~~Item 1),~~ it is anticipated that ~~with~~there will be no future distributions of net cash flow from operations. If there are any distributions as a result of the eventual sale ofitself they will be reduced by the ~~remaining~~amount ~~property,~~of fees payable to the ~~Partnership~~plaintiffs’ ~~may~~legal becounsel in aconnection ~~position~~with tothe ~~make~~settlement ~~distributions~~agreement (Part II, Item 1) and any outstanding liabilities incurred with regard to the ~~limited~~sale ~~partners~~of the Partnership’s properties.

Subsequent to September 30, 2014, management has retained national representation to market the Commercial Park West property for sale at a price that is reasonable in relation to its current market value. While the remaining property has been actively managed during a period of depressed real estate values, the sale of the asset is probable and it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. As a result, the accounting is expected to change to show the property as an asset as held for sale. This does not impact the accounting treatment of the property as of the date of these consolidated financial statements. Limited partners should be aware that it is possible that they will receive an allocation of income from gain on sale of properties on which they will be required to pay income taxes and there is no assurance that cash distributions from the sale of the properties will be sufficient to satisfy these obligations.

Except as described above and in the consolidated financial statements, the general partner is not aware of any trends or events, commitments or uncertainties that may impact liquidity in a material way.

Results of Operations

As compared to the first nine months of ~~2012~~2013, the Partnership’s loss ~~decrease~~decreased approximately $7051,000 from a loss of approximately $~~273~~311,000 in ~~2012~~2013 to a loss of approximately $~~203~~260,000 in ~~2013~~2014.

As compared to the first nine months of ~~2012~~2013, ~~rental~~ income at Commercial Park West increased approximately $5972,000 and $28,000 for the nine months ended September 30, ~~2013~~2014 due to aan ~~decrease~~increase in ~~vacancies~~rental income due to increased occupancy and interest and other income as a result of a gain on the note settled, respectively.

As compared to the first nine months of ~~2012~~2013, total expenses ~~were~~increased ~~consistent~~by inapproximately ~~2013~~$49,000. Property ~~operations~~operating expenses have increased by approximately $5553,000 ~~due~~in ~~to repairs during~~ the first nine months of ~~2013~~2014 ~~not~~due ~~incurred~~primarily into ~~2012.~~repairs ~~Administrative~~and ~~expense~~maintenance toof ~~affiliates~~the HVAC, roofing and ~~other~~landscaping. The ~~administrative~~affiliated admin expenses ~~decreased~~are less by approximately $333,000. ~~Interest~~and ~~expense~~other ~~decreased~~administrative expenses have increased approximately $3121,000, respectively, compared to September 2013.

PART I - Item 3. Quantitative and Qualitative Disclosures About Market Risk

The Partnership’s cash equivalents are short-term, non-interest bearing bank accounts.

PART I - Item 4. Controls and Procedures

~~Disclosure~~The ~~Controls~~Partnership maintains a set of disclosure controls and ~~Procedures:~~procedures ~~The~~designed to ensure that information required to be disclosed by the Partnership’s ~~management~~in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms. An evaluation was carried out under the supervision and with the participation of the Partnership’s ~~Individual~~management, ~~General~~including ~~Partner,~~the Partnership’s Principal Executive Officer and Principal Financial Officer, ~~has~~of ~~evaluated~~ the effectiveness of the Partnership’s disclosure controls and procedures (as ~~such term is defined in Rule 13a-15(e) under the Securities Exchange Act~~ of ~~1934, as amended) as of~~ the end of the period covered by this interim report. Based on ~~such~~that evaluation, the Partnership’s ~~Individual General Partner,~~ Principal Executive Officer and Principal Financial Officer ~~have~~ concluded that, asthe ofPartnership’s ~~the~~disclosure ~~end~~controls and procedures were not effective as of such period, end. Management will endeavor to enhance the Partnership’s disclosure controls and procedures ~~are~~to cause them to become effective.

Internal Control Over Financial Reporting: There have been no significant changes in the Partnership’s internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934, as amended) during the fiscal quarter to which this report relates that have materially affected, or are reasonably likely to materially affect, the Partnership’s internal control over financial reporting. Management assessed the effectiveness of our internal control over financial reporting as of September 30, 2013. In making this assessment, our management used the criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).9

6REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP – V

Management Discussion and Analysis

Nine Months ended September 30, 2014 and 2013

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

As previously reported, the Partnership, as a nominal defendant, the General Partners of the Partnership and of affiliated public partnerships (the “Realmark Partnerships”) and the officers and directors of the Corporate General Partner, as defendants, had been involved in a class action litigation in New York State court. The Partnership’s settlement of this litigation is described in its Annual Report on Form 10-K/A for the year ended December 31, ~~2012~~2013.

Item 5. Other Information

(a)	Reports on Form 8-K None.

REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP – V

Nine Months ended September 30, 2014 and 2013

Item 6. Exhibits

	31.	Certification Pursuant to Rule 13a-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

	32.	Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

	101.INS	XBRL Instance Document*

	101.SCH	XBRL Taxonomy Extension Schema Document*

	101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document*

	101.DEF	XBRL Taxonomy Extension Definition Linkbase Document*

	101.LAB	XBRL Taxonomy Extension Label Linkbase Document*

	101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document*

	* In accordance with Regulation S-T, the XBRL-related information in Exhibit 101 to this Quarterly Report on Form 10-Q shall be deemed to be “furnished” and not “filed.”

711

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

REALMARK PROPERTY INVESTORS LIMITED PARTNERHIP - V

November 19, 2013		/s/ Joseph M. Jayson
		/s/ Matthew P. Iak
Date		Joseph M. Jayson
		Matthew P. Iak
		Individual General Partner,
	Date: July 8, 2015	Principal Executive Officer and
		Principal Executive Officer and
		Principal Financial Officer

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