Milhaus and Sares Regis Group announce the completion of a merger forming a vertically integrated, multifamily 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 Broadshore Capital Partners to expand investment and lending capabilities. Together, the three companies will benefit from a more durable balance sheet, cycle-tested leadership, a foundation for growth and access to a diverse pool of development and investment opportunities.
Tadd Miller, Chief Executive Officer of Milhaus, said, “SRG Residential brings a high-touch approach to property management and operations along with a quality development pipeline and seasoned leadership, while Milhaus contributes an owned portfolio, and disciplined development and capital markets infrastructure.”
Chris Payne, former Chief Executive Officer, said, “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.”
Brad Howe, CEO of Broadshore Capital Partners, said, “By combining with Milhaus, our investment platform gains large scale and operational expertise. When we close, this will be a fully integrated multifamily investment platform. This enables us to accelerate growth, expand our reach, and better serve our investment clients and partners with a comprehensive set of capabilities.”
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