Henry S. Miller Brokerage

What Henry S. Miller Brokerage does

Henry S. Miller Brokerage is a privately held, family-owned commercial real estate firm headquartered in Dallas, Texas, founded in 1914 by Henry S. Miller, Sr. The company operates as a full-service CRE brokerage with three Texas offices (Dallas, Houston, San Antonio) and provides a comprehensive suite of services including brokerage, property management, appraisal and consulting, corporate services, development, equity investments, hospitality, multifamily, industrial, farm and ranch, and restaurant representation. Its revenue model is primarily transaction-based, generating commissions on leasing (typically 3-6%) and sales (typically 1-5%), supplemented by recurring property management fees, appraisal and consulting fees, and carried interest/management fees from HSM Equity Partners investment partnerships. The firm serves enterprise and institutional clients including national retailers (WSS, Planet Fitness, Dollar Tree, Discount Tire), restaurant chains (Brinker International, The Toasted Yolk Cafe), industrial users (Prologis), and corporate tenants, while also representing landlords, developers, and private/institutional investors.

The company's distribution is exclusively direct-to-client through field-based brokers organized by property type and submarket specialization, with no proprietary technology platform — relying instead on a LoopLink-integrated property search portal, email newsletters, and a TCN Worldwide international referral partnership for deal sourcing. Operating subsidiaries include HSM Equity Partners, Inc. (equity investments), Henry S. Miller Consulting, LLC (appraisal), and Henry S. Miller Realty Management (property management). Leadership is dominated by the Miller family, with Greg Miller serving as CEO/President since 2002 after transitioning from real estate law, and Geraldine "Tincy" Miller as Chair Lady. The firm has remained continuously operating for over 110 years without institutional ownership, public listing, or major restructuring events.

Name

Henry S. Miller Brokerage

Legal name

Henry S. Miller Realty Services, LLC

Website

https://henrysmiller.com

Company type

Private

Founded year

1914

Operating status

Operating

Headcount range

101–250 employees

Short description

Family-owned Texas commercial real estate firm providing brokerage, property management, appraisal, and equity investment services across retail, office, industrial, and multifamily sectors since 1914.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (53121), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Tenant Representation & Corporate Services Brokerage (BPAJABAJ)

Keywords

• Commercial real estate brokerage
• Property management services
• Commercial leasing transactions
• Real estate investment partnerships
• Corporate real estate services

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Brokerage Commissions: Traditional real estate brokerage commissions on leasing and sales transactions. Brokers represent tenants, landlords, buyers, and sellers in commercial real estate transactions. Revenue is generated on a per-transaction basis with commissions typically calculated as a percentage of lease value or sale price.
2. Property Management Services: Ongoing property management services for office, retail, and multifamily properties. Includes budgeting, reconciliations, owner reporting, and tenant management.
3. Appraisal and Consulting: Commercial real estate appraisal services and consulting for clients requiring valuation opinions and market analysis.
4. Equity Investment Management: HSM Equity Partners offers investment opportunities to private and institutional investors, providing equity capital for acquisitions and development projects. Revenue comes from carried interest and management fees from investment partnerships.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Henry S. Miller Brokerage is a full-service commercial real estate firm providing tenant and landlord representation, acquisitions and dispositions across retail, office, industrial, multifamily, restaurant, hospitality, land, and farm & ranch property types. The firm also delivers ongoing property management, commercial appraisal and consulting services, development advisory, and equity investment placement through HSM Equity Partners for institutional and private investors.

Product overview

Henry S. Miller Brokerage is a full-service commercial real estate firm that operates as a single unified brand offering comprehensive services including Appraisal & Consulting, Corporate Services, Development, Equity Investments, Farm & Ranch, Hospitality, Industrial, Investments & Land, Multifamily, Property Management, Restaurant Representation, and Retail brokerage. The company also operates HSM Equity Partners, Inc. for equity investment opportunities and provides SMS messaging services for client communication. The portfolio is organized by property type and service specialty rather than as separate product modules.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Brokerage Services Project leasing, tenant representation, and landlord representation for retail centers, including shopping centers, mixed-use developments, and pad sales. Serves national and regional retailers, restaurant chains, and retail property owners across Texas.
• Office Brokerage Services Sales and leasing of office properties in the DFW Metroplex and across Texas markets. Includes corporate tenant representation, lease negotiation, and office building dispositions.
• Industrial Brokerage Services Sales and leasing of warehouse, distribution, and industrial properties across Texas. Includes lease negotiations for occupiers and disposition services for industrial property owners.
• Multifamily Brokerage Services Investment sales, acquisitions, and dispositions for multifamily properties through the HSM Multihousing division led by President Hal Watson.
• Investments & Land Brokerage Services Land sales, development planning, site assemblage, zoning consultation, and market analysis for buyers and developers of commercial, residential, and mixed-use land.
• Restaurant Brokerage Services Representation for restaurant operators and restaurant property owners including site selection, expansion transactions, franchise development, purchase, and sale of existing restaurants across DFW, North Texas, and Texas markets.
• Hospitality Brokerage Services Acquisitions, dispositions, development, consulting, and demographic analysis for hotel and hospitality businesses across Texas.
• Farm & Ranch Brokerage Services Brokerage services for farm and ranch properties through the Investments & Land Division, led by Executive Vice President Darrell Hurmis.
• Corporate Services Tenant representation and consulting services for corporate and individual clients across multiple markets, led by Executive Vice President Dan Arnold and the Corporate Services Division.
• Property Management Services Ongoing property management for office, retail, and multifamily properties through Henry S. Miller Realty Management, including budgeting, reconciliations, owner reporting, and tenant management.
• Appraisal and Consulting Services Commercial real estate appraisal and consulting services delivered through Henry S. Miller Consulting, LLC, led by Executive Vice President Craig A. Christensen, MAI. Includes valuation opinions and market analysis.
• Equity Investment Partnerships (HSM Equity Partners, Inc.) Equity investment placement for commercial real estate acquisitions and development projects through HSM Equity Partners, Inc. Provides equity capital to private and institutional investors with revenue from carried interest and management fees from investment partnerships.
• Commercial Real Estate Development Services Development advisory and representation for commercial real estate development projects across Texas, including the firm's legacy role in developing Highland Park Village, a National Historic Landmark.

Quantifiable outcome

• Shawn Ackerman has completed over 1,000 lease transactions and 30+ sale transactions
• +2 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• TCN WorldwidecoreChannel Partner/ Reseller/ Distributor · 1 January 2003Henry S. Miller is affiliated with TCN Worldwide, an international commercial real estate network. Shawn Ackerman served as TCN Worldwide Retail Group Leader from 2003-2004 and on the TCN Advisory Council from 2003-2006. This partnership provides international deal referral capabilities and access to global commercial real estate resources.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CBRE Group: The world's largest commercial real estate services firm offering brokerage, property management, valuation, and capital markets. Overlaps with Henry S. Miller across nearly every service line but operates at far greater national/international scale.
• Cushman & Wakefield: Global full-service CRE firm competing across brokerage, valuation, advisory, and property management. Competes directly for Texas enterprise and investor mandates with Henry S. Miller.
• Colliers International: Global CRE services and investment firm with strong U.S. broker network. Directly comparable service set including brokerage, property management, and investment sales, with significant Texas presence.
• JLL (Jones Lang LaSalle): Global CRE services platform with capital markets, agency leasing, tenant representation, and property management. Directly comparable service mix and competes for the same corporate and investor mandates in Texas.
• Newmark Group: Full-service CRE services firm providing leasing, investment sales, valuation, and advisory. Competes for corporate tenant representation and capital markets mandates across major Texas metros.

Direct peers

• Transwestern: U.S. commercial real estate firm with deep Dallas/Fort Worth and Houston presence offering agency leasing, tenant representation, and property management. Former employer of Henry S. Miller EVP Frank Bullock and a direct Texas-market competitor.
• NAI Global: Global commercial real estate brokerage network with independent owner-operated offices, similar in affiliation-model structure to TCN Worldwide. Competes for similar owner/tenant mandates across Texas markets.
• Avison Young: Global full-service CRE services firm combining brokerage, property management, and advisory—closely mirroring Henry S. Miller's full-service positioning while competing across U.S. metros.
• SRS Real Estate Partners: National retail-focused CRE services firm with strong Texas brokerage footprint. Frank Bullock (Henry S. Miller EVP) was previously EVP & Market Leader of Dallas at SRS, indicating direct talent and client overlap in retail tenant representation.
• Marcus & Millichap: Investment sales specialty firm focused on commercial real estate brokerage for investors, including multifamily, retail, and net-lease assets. Comparable to Henry S. Miller's investment sales and multifamily divisions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/hsmbrokerage
• Facebookfacebook.com/henry-s-miller-brokerage-111834772196953
• LinkedInlinkedin.com/company/henry-s-miller-brokerage

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Henry S. Miller Brokerage