Milhaus, an Indianapolis-based multifamily developer, owner, and operator, has completed a merger with SRG Residential and separately announced an agreement to acquire Broadshore Capital Partners, an institutional investment management and lending firm. The two transactions together form a vertically integrated national multifamily platform with a $2.5 billion development pipeline, more than 50,000 apartment homes under third-party management, and approximately 1,400 employees operating across more than 20 U.S. markets. Financial terms of either transaction were not disclosed. The Broadshore acquisition is expected to close in late summer 2026.
SRG Residential is a Newport Beach, California-based subsidiary of Sares Regis Group with more than 30 years of operating history in western U.S. multifamily markets. The merger transfers SRG’s residential development, construction, and property management operations to Milhaus — adding more than 190 properties and 46,000 units to the combined third-party management portfolio — while excluding other Sares Regis business lines. SRG’s leadership transitions into Milhaus alongside the business: Chris Payne, former CEO of SRG Residential, joins as Chief Development Officer and shareholder, and Jeff Bailey, SRG’s President of Property Management, will continue leading the combined property management group. The combined company plans to break ground on eight development projects in 2026, totaling more than 2,000 new units, with expanded development and construction resources in Southern California, Denver, and Phoenix.
Broadshore Capital Partners brings a 35-year track record in multifamily equity and debt investment strategies and manages approximately $1 billion in assets as an SEC-registered investment adviser. Its client base includes large pension funds, insurance companies, and international institutional investors. The addition of Broadshore extends Milhaus beyond its core development, construction, and property management capabilities into institutional investment management and lending — allowing the combined platform to offer partners direct access to acquisition and debt investment strategies alongside an integrated operating infrastructure. Upon closing, Broadshore CEO Brad Howe will become Chief Investment Officer of Milhaus and a shareholder, joined by Broadshore principals Russell Munn and James Pomeranz.
The combined platform will maintain corporate offices in Indianapolis, Newport Beach, Los Angeles, New York, Orlando, and Phoenix. The Milhaus-SRG-Broadshore combination follows Milhaus’ late 2025 acquisition of Contravest, a third-party property management provider in Orlando, reflecting a deliberate consolidation strategy across development, operations, and capital markets functions.
KEY QUOTES:
“This partnership is a natural fit. 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. This is a meaningful step forward in our strategy to scale the platform and expand our investment and lending offerings. 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.”
Tadd Miller, Chief Executive Officer, Milhaus
“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.”
Chris Payne, Chief Development Officer, Milhaus and Former Chief Executive Officer, SRG Residential
“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. 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.”
Brad Howe, Chief Executive Officer, Broadshore Capital Partners and incoming Chief Investment Officer, Milhaus
