Milhaus
Milhaus is an Indianapolis-based private multifamily developer founded in 2009 that builds, owns, and leases Class A urban apartment communities in U.S. growth markets, operating 8,400+ units across seven states and deploying $280 million in Opportunity Zone equity.
- Company typePrivate
- Founded2009
- HeadquartersIndianapolis, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Milhaus does
Milhaus is a privately held, Indianapolis-based mixed-use real estate developer founded in 2009 that builds, owns, and operates Class A urban multifamily apartment communities across the United States. The company acquires land, constructs luxury Class A properties, and leases units directly to residential renters in high-growth Sun Belt and Midwest markets, with a current portfolio exceeding 8,400 units spanning at least seven states. A central pillar of the business model is the use of the federal Opportunity Zone program, through which Milhaus has developed 13 OZ projects and raised approximately $280 million in equity at roughly $26,000 per new residential address, channeling private capital into underserved areas while generating tax-advantaged returns. The leadership team comprises co-founders Tadd M. Miller (CEO) and Andrew Lahr (COO), with Jason Sturman as Chief Investment Officer, and the company recently added a dedicated acquisitions function led by Senior Vice President Greg McHenry.
Revenue is generated through two streams: recurring monthly apartment leasing to residential tenants (the dominant, subscription-style base) and episodic real estate development economics, including one-time sales and joint-venture partnerships on individual projects. Notable properties include the 134-unit Northbend community in Tempe, Arizona (a 2026 RED Awards finalist) and the 231-unit Tallevast development in Sarasota, Florida, which broke ground in March 2026 with equity partner Marble Capital, construction financing from BMO, and general contractor FaverGray, enabled by Florida's Live Local Act. Distribution is direct-to-consumer via on-site leasing offices, with marketing concentrated in industry trade publications, awards, and real estate listing platforms rather than mass consumer channels. The company has no disclosed proprietary technology platform, no AI/ML capabilities, and operates with a headcount in the 101-250 range.
Milhaus firmographics
Firmographics- Name
- Milhaus
- Legal name
- Milhaus
- Website
- https://milhaus.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Milhaus is an Indianapolis-based private multifamily developer founded in 2009 that builds, owns, and leases Class A urban apartment communities in U.S. growth markets, operating 8,400+ units across seven states and deploying $280 million in Opportunity Zone equity.
- Ownership category
- akta.pro rank
Milhaus industry classification
Industry- Product category
- Multifamily Real Estate Development
- NAICS
- New Multifamily Housing Construction (except For-Sale Builders) (236116), Lessors of Residential Buildings and Dwellings (53111)
- SIC
- General Bldg Contractors - Residential Bldgs (1520)
- akta.pro primary industry
- Residential Modular & Prefabricated Home Construction (IMAFABAF)
Keywords
Where Milhaus is headquartered
LocationHeadquarters
- HQ city
- Indianapolis
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Milhaus business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Apartment Leasing: Milhaus generates revenue through leasing multifamily apartment units to residential tenants. Residents pay monthly rent for Class A apartment communities developed and managed by the company.
- Real Estate Development: The company develops multifamily properties for sale or joint venture partnerships, including Opportunity Zone developments that channel private capital into underserved areas.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Milhaus product offering
Product offeringCore offering
Milhaus is a mixed-use developer that acquires land, constructs, and leases Class A, urban, multifamily residential apartment communities directly to renters. The company operates a portfolio exceeding 8,400 units across the United States, including standalone properties such as Northbend in Tempe, Arizona and Tallevast in Sarasota, Florida, alongside 13 Opportunity Zone developments across seven states that channel private capital into underserved areas.
Product overview
Milhaus is a multifamily apartment developer offering luxury Class A apartment communities across the United States. The company's portfolio includes distinct property brands such as Northbend (a 134-unit luxury community in Tempe, Arizona) and Tallevast (a 231-unit development in Sarasota, Florida). Additionally, Milhaus operates 13 Opportunity Zone developments across seven states as part of its social impact strategy. With a portfolio exceeding 8,400 units, the company focuses on developing high-quality residential communities in fast-growing corridors, with projects ranging from award-recognized properties like Northbend to new groundbreakings like Tallevast.
Differentiator
Problem solved
Functional benefit
Products and services
- Northbend
Companies that use Milhaus
Customer profileSegments1 record
Ideal customer profiles1 record
Milhaus technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Milhaus partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- FaverGrayminorFaverGray is the general contractor building the 231-unit Tallevast multifamily development in Sarasota, Florida. Construction began March 2026 with completion targeted for November 2027.
- Greg McHenryminorGreg McHenry joined Milhaus as senior vice president of acquisitions to lead a new acquisitions division. McHenry is a former employee returning to the company.
Scale indicators5 records
Recent moves7 records
Expansion highlights4 records
Milhaus competitors and assessment
Company assessmentBroad incumbents
- Greystar Real Estate Partners: Largest multifamily developer, owner, and manager in the US with hundreds of thousands of units under management. Comparable as a vertically integrated multifamily platform with institutional capital access, though Greystar operates at materially larger scale than Milhaus.
- Lincoln Property Company: Large multifamily developer, manager, and third-party operator with a national footprint including Sun Belt exposure. Comparable platform-level scale and mixed development/management model.
Direct peers
- Wood Partners: National Class A multifamily developer with a strong Sun Belt and growth-corridor focus, developing thousands of units per year. Highly comparable business model of ground-up Class A development in high-growth markets.
- Trammell Crow Residential: Major US multifamily developer (a division of CBRE Group) focused on Class A garden-style and mid-rise communities in high-growth metros. Direct peer with similar Class A development strategy in Sun Belt markets.
- Related Group: Miami-based multifamily and mixed-use developer with a strong Florida focus, including luxury Class A rental communities. Highly comparable for Milhaus's Florida/Sarasota strategy.
- The NRP Group: National multifamily developer specializing in Class A market-rate and affordable housing across multiple states. Comparable as a Class A-focused multifamily developer with similar unit count and geographic dispersion.
- Bainbridge Companies: Multifamily developer, builder, and manager with a national footprint focused on Class A communities in growth markets. Comparable Class A development strategy and Sun Belt geographic focus.
- RangeWater Real Estate: Sun Belt-focused multifamily developer and acquirer building Class A garden-style communities across the Southeast. Comparable growth-corridor strategy and unit-scale profile.
- Continental Properties: National multifamily developer and operator with a strong Sun Belt footprint, building Class A garden-style communities. Comparable Class A multifamily development strategy and similar unit count scale.
Others
- JLL (Multifamily Capital Markets): Global real estate services firm with a major multifamily investment sales, debt origination, and capital markets practice. Comparable as a counterparty and capital partner rather than a developer competitor, but interacts in the same institutional capital ecosystem.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Milhaus social profiles
Digital presenceMilhaus financial estimates
Financial estimateRevenue estimate
Valuation estimate
Milhaus leadership team
Management profileNumber of profiles
Profiles4 records
Milhaus funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Milhaus M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Milhaus
What does Milhaus do?
Milhaus is a mixed-use developer that acquires land, constructs, and leases Class A, urban, multifamily residential apartment communities directly to renters. The company operates a portfolio exceeding 8,400 units across the United States, including standalone properties such as Northbend in Tempe, Arizona and Tallevast in Sarasota, Florida, alongside 13 Opportunity Zone developments across seven states that channel private capital into underserved areas.
Is Milhaus a public or private company?
Milhaus is a private company. It is classified as private equity controlled and is currently operating.
When was Milhaus founded?
Milhaus was founded in 2009. It employs 101 to 250 people.
Where is Milhaus based?
Milhaus is headquartered in Indianapolis, United States, in the North America region.
How does Milhaus make money?
Two revenue lines are on record. Apartment Leasing is the primary driver. The others are real Estate Development.
Who are Milhaus's main competitors?
Broad incumbents on record are Greystar Real Estate Partners and Lincoln Property Company. Direct peers are Wood Partners, Trammell Crow Residential, Related Group, The NRP Group, Bainbridge Companies, RangeWater Real Estate and Continental Properties. JLL (Multifamily Capital Markets) is listed as an others.
Does Milhaus have an API?
No public API is recorded for Milhaus.
What industry is Milhaus in?
Milhaus's product category is Multifamily Real Estate Development. Its primary akta.pro industry code is IMAFABAF, Residential Modular & Prefabricated Home Construction. Its NAICS code is 236116 and its SIC code is 1520.