Indianapolis-based Milhaus has completed a merger with Southern California multifamily firm SRG Residential and separately agreed to acquire Los Angeles-based Broadshore Capital Partners, setting up a significantly larger national apartment platform. The combination with SRG Residential, which is based in Newport Beach and is a subsidiary of Sares Regis Group, is intended to create a vertically integrated business focused on developing, owning, and managing apartment communities across more than 20 leading U.S. apartment markets.
Through the SRG Residential merger, Milhaus expands its third-party property management portfolio by more than 190 properties and 46,000 units, materially increasing its operational footprint. The combined organization plans to move quickly on new construction activity, with a pipeline that includes eight development starts in 2026 totaling more than 2,000 new multifamily units.
Leadership from SRG Residential is taking on key roles within the enlarged Milhaus platform. Chris Payne, who previously served as CEO of SRG Residential, is joining Milhaus as chief development officer and will also be a shareholder in the company. Jeff Bailey, formerly president of property management at SRG Residential and also a shareholder, will continue to oversee the unified property management business for the combined organization.
Milhaus CEO Tadd Miller described the merger as a natural alignment of capabilities, highlighting SRG Residential’s property management and operating expertise, its existing development pipeline, and experienced leadership team. He contrasted that with Milhaus’ contributions of an established owned portfolio and a structured development and capital markets platform, stating that together the companies are positioned to create a larger, more capable enterprise geared toward future growth.
In a separate but related move, Milhaus has agreed to acquire Broadshore Capital Partners, an investment and lending-focused firm headquartered in Los Angeles. The acquisition is designed to broaden Milhaus’ investment and lending capabilities, adding another dimension to the combined platform’s capital markets activities. As part of that planned transaction, Broadshore CEO Brad Howe is slated to become chief investment officer at Milhaus when the acquisition is finalized.
The SRG Residential merger and Broadshore acquisition agreement collectively signal an effort by Milhaus to scale its multifamily presence while deepening its internal capital and investment resources. The resulting organization is intended to integrate development, ownership, property management, and capital capabilities within a single national multifamily platform.
Pictured with the announcement is SRG Residential’s The Monterey apartment community in Corona, illustrating one of the properties associated with the SRG Residential portfolio that is contributing to the larger third-party management platform now under the Milhaus umbrella.
