Indianapolis-based Milhaus has significantly expanded its national footprint through a merger with SRG Residential and a planned acquisition of Broadshore Capital Partners, creating a vertically integrated multifamily platform with a combined development pipeline of over $2.5 billion total investment activity, more than 50,000 homes under third-party management, and enhanced investment and lending capabilities.
The merger between Milhaus, a national vertically integrated multifamily developer, owner, and operator specializing in Class A assets, and SRG Residential, the Newport Beach, California–based subsidiary of Sares Regis Group, adds more than 190 communities with 46,000 units to the third-party property management portfolio. It also broadens the combined firms’ geography to more than 20 of the nation’s top apartment markets, with plans to start eight developments with over 2,000 units this year and expanding development and construction resources in Southern California, Denver, and Phoenix. This move comes after Milhaus’ acquisition of Contravest, a third-party property manager in Orlando, Florida, in late 2025.
“This partnership is a natural fit,” said Milhaus CEO Tadd Miller. “SRG Residential brings a best-in-class, high-touch approach to property management and operations along with a quality development pipeline and seasoned leadership, while Milhaus contributes a high-quality owned portfolio, and disciplined development and capital markets infrastructure. Together, we’re creating a platform that is greater than the sum of its parts and exceptionally well positioned for future growth.”
Former SRG Residential CEO Chris Payne joins Milhaus as both chief development officer and a shareholder. Jeff Bailey, president of property management at SRG Residential and a shareholder, will continue to lead the combined property management group to ensure continuity and leadership alignment across the organization.
“We were very intentional about finding the right partner for the future growth of SRG Residential,” said Payne. “Milhaus and SRG embrace a similar culture with shared values, a commitment to operational excellence, and a belief that exceptional people produce exceptional results for our investors, clients, and residents. By combining SRG's high-touch management and innovative development approach with Milhaus’ disciplined capital and development infrastructure, we are unlocking powerful synergies and long-term opportunities for our teams, partners, and residents.”
In addition, Milhaus plans to acquire Broadshore Capital Partners, an investment management and lending platform with a 30-year track record in equity and debt investment strategies across multifamily and related sectors. This addition will expand Milhaus’ capabilities beyond development, construction, and property management by offering partners access to invest in acquisitions and lending strategies with an institutional investment manager and vertically integrated operator. Broadshore’s client base includes large pension funds, insurance companies, and international institutional investors investing directly in the United States.
“This is a meaningful step forward in our strategy to scale the platform and expand our investment and lending offerings,” noted Miller. “Broadshore brings a strong reputation and a proven investment track record across multiple cycles that complement our vertically integrated model. Together, we are better positioned to grow our acquisitions and lending platforms, access new opportunities, and deliver stronger outcomes for our investors.”
Upon closing, which is expected in late summer, Broadshore CEO Brad Howe will become the chief investment officer of Milhaus and a shareholder, along with Broadshore principals Russell Munn and James Pomeranz.
“By combining with Milhaus, our investment platform gains tremendous scale and operational expertise. When we close, this will be a fully integrated multifamily investment platform,” added Howe. “We have built a strong foundation with over 35 years of experience managing investor capital. This combination enables us to accelerate growth, expand our reach, and better serve our investment clients and partners with a more comprehensive set of capabilities.”
The combined Milhaus platform will operate corporate offices in Indianapolis, Los Angeles, Newport Beach, New York, Orlando, and Phoenix, reflecting the expanded national reach.