Milhaus Merges With SRG Residential, Acquires Broadshore Capital Partners to Build National Multifamily Platform
Indianapolis-based Milhaus has completed a merger with SRG Residential, a subsidiary of Sares Regis Group, and announced an agreement to acquire Broadshore Capital Partners, the companies said July 14, 2026. The transactions combine three multifamily firms into a single vertically integrated platform covering development, construction, property management, lending, and institutional investment management across more than 20 U.S. apartment markets.
The combined company will manage more than 50,000 apartment homes under third-party management, carry a development pipeline representing more than $2.5 billion in total investment activity, and employ approximately 1,400 people, according to the announcement.
Merger With SRG Residential Expands Management Scale and Western Footprint
The merger with Newport Beach, California-based SRG Residential adds more than 190 properties and 46,000 units to Milhaus' third-party property management portfolio. SRG Residential had operated as a vertically integrated multifamily development, construction, and property management firm focused on major western markets for more than 30 years. The merger includes SRG Residential's residential development, construction, and property management business and excludes other affiliated business lines of Sares Regis Group.
The combined company plans to start eight development projects in 2026 totaling more than 2,000 new units. The merger also expands Milhaus' development and construction resources in Southern California, Denver, and Phoenix, leveraging SRG Residential's existing leadership and infrastructure in those markets.
Chris Payne, who served as Chief Executive Officer of SRG Residential, joins Milhaus as 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, Chief Executive Officer 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."
"We were very intentional about finding the right partner for the future growth of SRG Residential," said Chris 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."
Broadshore Capital Partners Acquisition Adds Institutional Investment and Lending Capabilities
Building on the SRG Residential merger, Milhaus separately announced an agreement to acquire Broadshore Capital Partners, an investment management and lending firm with a 35-year track record in equity and debt investment strategies across multifamily and related sectors. Broadshore's client base includes large pension funds, insurance companies, and international institutional investors.
The addition of Broadshore is designed to extend Milhaus' capabilities beyond development, construction, and property management by offering partners direct access to acquisitions and lending strategies through an institutional investment manager. The Broadshore transaction is targeting a late summer 2026 closing.
Upon closing, Brad Howe, CEO of Broadshore Capital Partners, will become Chief Investment Officer of Milhaus and a shareholder, alongside Broadshore principals Russell Munn and James Pomeranz.
"This is a meaningful step forward in our strategy to scale the platform and expand our investment and lending offerings," Miller said. "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."
"By combining with Milhaus, our investment platform gains tremendous scale and operational expertise," said Brad 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."
National Footprint and Leadership Structure
The combined Milhaus platform will operate corporate offices in Indianapolis; Newport Beach, California; Los Angeles; New York; Orlando, Florida; and Phoenix, Arizona. Milhaus described itself as a national, vertically integrated multifamily developer, owner, and operator specializing in Class A residential assets and headquartered in Indianapolis. SRG Residential, as a subsidiary of Sares Regis Group, had been headquartered in Newport Beach and focused on major western markets. Broadshore Capital Partners is an investment management firm focused on asset acquisitions and debt investments.
The transactions also follow Milhaus' acquisition of Contravest, a third-party property management provider in Orlando, Florida, in late 2025.
The merger with SRG Residential has been completed, while the Broadshore Capital Partners acquisition remains subject to closing, which the companies are targeting for late summer 2026.