Indianapolis-based Milhaus has completed a merger with one Southern California-based multifamily company and has agreed to acquire another. The merger of Milhaus with SRG Residential forms a national, vertically integrated platform focused on developing, owning, and managing apartment communities in more than 20 top U.S. apartment markets. In addition, Milhaus has agreed to acquire Los Angeles-based Broadshore Capital Partners to expand investment and lending capabilities.
Chris Payne, former CEO of Newport Beach-based SRG Residential, 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.
“This partnership is a natural fit,” said Tadd Miller, CEO of Milhaus. “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.”
The merger with SRG Residential, a subsidiary of Sares Regis Group, adds more than 190 properties and 46,000 units to Milhaus’ third-party property management portfolio. The combined company plans to start eight development projects in 2026 totaling more than 2,000 new units. Broadshore CEO Brad Howe will become CIO at Milhaus when the acquisition closes.
Pictured: SRG Residential’s The Monterey in Corona.
The post Milhaus Merges with SRG Residential, Will Acquire Broadshore Capital appeared first on Connect CRE.
