Larry H. Miller Real Estate

What Larry H. Miller Real Estate does

Larry H. Miller Real Estate (legal entity LHMRE, LLC) is the real estate development platform of the privately held Larry H. Miller Company conglomerate. Founded as Miller Family Real Estate in 1996 and renamed in 2016, the company develops and manages master-planned communities, mixed-use districts, commercial properties, multi-family residential, and entertainment venues primarily across Utah with expansion into Arizona.

The company's portfolio spans flagship master-planned community Daybreak (4,000+ acres in South Jordan, Utah, with 32,000+ residents, 9,300+ homes sold, 40+ parks, and 50+ miles of trails), Downtown Daybreak (200-acre mixed-use sports and entertainment district anchored by The Ballpark at America First Square), The Power District (100+ acres in Salt Lake City with 1.3M sq. ft. planned office, 4,700 housing units, 320,000 sq. ft. retail, 300 hotel keys), The Arden (416-unit multi-family in Mesa, Arizona), plus legacy assets including Jordan Commons, Delta Center, and Megaplex Theatres. Underlying capabilities include master-planned community design, environmental remediation (Jordan River restoration with Field Operations), and sports-anchored placemaking.

The business operates a vertically integrated model through three wholly-owned subsidiaries: Destination Homes (residential homebuilder, acquired 2022), TallyCM (construction management, acquired 2024), and Larry H. Miller Construction (commercial construction division, established 2025). Revenue streams include one-time property development and home sales, recurring commercial leasing (Rocky Mountain Power is anchor tenant at The Power District), and transaction-based venue revenue from sports and entertainment operations. The company employs 11-50 staff at the corporate level (Sandy, Utah headquarters) with an executive team possessing 150+ years of collective real estate experience, and serves residential homebuyers, commercial tenants, sports teams, and mixed-use district users.

Name

Larry H. Miller Real Estate

Legal name

LHMRE, LLC

Website

https://lhmre.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

Larry H. Miller Real Estate is the real estate development arm of the Larry H. Miller Company, developing and managing master-planned communities, mixed-use districts, commercial properties, and entertainment venues across Utah and Arizona. It serves residential homebuyers, commercial tenants, and mixed-use district users through vertically integrated development, homebuilding, and construction subsidiaries.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Lessors of Real Estate (5311), Real Estate Property Managers (53131)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Mixed-Use Property Management (BPAJAGAE), New Development & Project Marketing (Pre-Construction Sales) (FSAEAJAE)

Keywords

• Master-planned communities
• Commercial real estate development
• Mixed-use property development
• Residential home building
• Entertainment venue development

Headquarters

HQ city

Sandy Hook

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Development and Sales: Development and sale of master-planned communities, residential homes, commercial properties, and mixed-use developments. Revenue from home sales through Destination Homes subsidiary and commercial property transactions.
2. Commercial Leasing: Leasing of commercial office space, retail space, and hospitality properties. Rocky Mountain Power's 10-story, 300,000 sq. ft. corporate campus is a key anchor tenant.
3. Sports and Entertainment Venues: Revenue from ballpark operations, events, concerts, and corporate events at venues like The Ballpark at America First Square. The venue hosted 75 PCL games and 70+ community events in inaugural season.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Larry H. Miller Real Estate develops and manages residential, commercial, mixed-use, and master-planned real estate projects across Utah and Arizona. The company sells residential homes through its Destination Homes subsidiary, leases commercial office, retail, and hospitality space, and operates entertainment venues including The Ballpark at America First Square.

Product overview

Larry H. Miller Real Estate operates as a diversified real estate development company managing master-planned communities, mixed-use developments, commercial properties, and entertainment venues. The portfolio includes Daybreak (master-planned community), Downtown Daybreak (sports and entertainment district with The Ballpark at America First Square), The Power District (100+ acre mixed-use development), The Arden (multi-family residential), Megaplex Theatres (cinema entertainment), Jordan Commons (commercial), and various commercial properties. The company also operates subsidiaries including Destination Homes (home builder), TallyCM (construction management), and Larry H. Miller Construction (commercial construction), providing integrated development, building, and construction services across Utah and Arizona.

Differentiator

Problem solved

Functional benefit

Products and services

• Daybreak A nationally recognized master-planned community in South Jordan, Utah, featuring 40+ parks, 50+ miles of trails, 9 on-site schools, and over 32,000 residents. Targeted at families and individuals seeking thoughtfully designed neighborhoods with amenities and a sense of community.
• Downtown Daybreak An emerging urban center featuring offices, retail, and housing around a dynamic sports and entertainment district anchored by The Ballpark at America First Square, home of the Triple-A Salt Lake Bees. Targeted at residents, workers, and visitors seeking an integrated live-work-play environment.
• The Power District A 100+ acre mixed-use development in Salt Lake City's westside featuring 1.3 million sq. ft. of office space, 4,700 housing units, 320,000 sq. ft. of retail, 300 hotel keys, a potential MLB ballpark, and Jordan River restoration. Targeted at commercial tenants, residents, and visitors seeking integrated work-live-play environments.
• The Arden

Quantifiable outcome

• 32,000+ residents living in Daybreak community
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Field OperationscoreStrategic or Co-development Partner · 26 February 2026World-renowned landscape architecture and urban design firm selected as lead design firm for Jordan River restoration at The Power District. Field Operations is known for New York City's High Line, Waterfront Seattle, San Francisco's Presidio Tunnel Tops, and Domino Park in Brooklyn.
• Westside CoalitionminorStrategic or Co-development Partner · 6 November 2025Network of community councils distributing Westside Flood Relief Funds and supporting westside neighborhoods.
• Larry H. & Gail Miller Family FoundationcoreStrategic or Co-development Partner · 6 November 2025Committed $100,000 to Westside Flood Relief Fund. Distributed $1+ million to 75 westside non-profit partners through Westside Community Grant program.
• Rocky Mountain PowercoreStrategic or Co-development Partner · 27 October 2025Anchor tenant for 10-story, 300,000 sq. ft. all-electric corporate campus at The Power District. Building inspired by historic Gadsby Power Plant, translating industrial past into modern workplace.
• Okland ConstructionminorImplementation/ SI/ Consulting Partner · 27 October 2025Construction firm building Rocky Mountain Power's corporate campus at The Power District.
• Jordan River CommissioncoreStrategic or Co-development Partner · 27 October 2025Collaborating on Jordan River restoration, water quality improvements, and environmental remediation at The Power District.
• Intermountain HealthminorStrategic or Co-development Partner · 27 October 2025Contributed $175,000 in matching funds for Westside Community Grant Initiative.
• Miller Sports + Entertainment (MSE)coreStrategic or Co-development Partner · 2 October 2025Co-developer of Downtown Daybreak and The Ballpark at America First Square. MSE manages Real Salt Lake, Utah Royals FC, Megaplex, Salt Lake Bees, and other sports properties.
• TallyCMcoreStrategic or Co-development Partner · 1 January 2024Acquired in 2024, TallyCM provides onsite expertise and owner's representation in planning, development, and construction management of projects including sporting venues and automotive facilities.
• Ivory HomesminorStrategic or Co-development Partner · 1 March 2022Partnership announced December 2022 for master-planned community development in Hoytsville, Utah.
• Destination HomescoreStrategic or Co-development Partner · 1 March 2022Acquired in March 2022, Destination Homes is one of Utah's top homebuilders with established expertise in thoughtful design and follow-through.

Scale indicators12 records

Recent moves12 records

Expansion highlights7 records

Direct peers

• The Howard Hughes Corporation: Master-planned community developer behind The Woodlands, Summerlin, and Bridgeland. Highly comparable to LHMRE in that both develop large-scale, mixed-use master-planned communities with vertically integrated residential, commercial, and entertainment components over multi-decade horizons.
• Woodside Homes: Master-planned community builder active in Utah and the Western U.S. Direct comparable to LHMRE/Destination Homes for for-sale residential product within master-planned developments.
• Ivory Homes: Utah's largest privately held homebuilder and LHMRE's partner on the Hoytsville master-planned community. Closest geographic comparable for residential construction and master-planned community development in the SLC market.
• Shea Homes: Large privately held homebuilder and master-planned community developer in the Western U.S. Comparable to LHMRE through its Trilogy, Destination, and Comstock communities that combine residential product with amenities, commercial, and mixed-use elements.
• Wasatch Group: Utah-based diversified real estate developer and homebuilder active in master-planned communities, multifamily, and commercial real estate across the Wasatch Front — directly comparable in geography and product mix to LHMRE.
• CenterCal Properties: Western U.S. mixed-use real estate developer specializing in retail-anchored, sports/entertainment-driven mixed-use projects (e.g., The District, Blackhawk Plaza redevelopment). Comparable to LHMRE's Downtown Daybreak and Power District sports-anchored mixed-use strategy.

Broad incumbents

• Related Companies: National developer of large-scale, mixed-use master-planned communities (e.g., Hudson Yards, CityPlace). Comparable to LHMRE for the Power District and Downtown Daybreak as large, mixed-use, mixed-income placemaking projects with public-private partnerships.
• D.R. Horton: Largest U.S. homebuilder with extensive master-planned community operations. Comparable to LHMRE/Destination Homes as a residential for-sale builder, though at vastly greater scale and without the same placemaking/sports-anchored mixed-use orientation.
• Toll Brothers: National luxury homebuilder and master-planned community developer (e.g., Toll Brothers at Skyline, Sweetbay). Comparable to LHMRE for the residential for-sale builder arm (Destination Homes) at broader scale and across more geographies.

Others

• Field Operations: Landscape architecture and urban design firm that is an LHMRE partner on Jordan River restoration. Adjacent/ecosystem peer rather than a competitor, but illustrates the design-led placemaking capability LHMRE is buying into via partnership.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/RealEstate_LHM
• Facebookfacebook.com/LHMRealEstate
• LinkedInlinkedin.com/company/larry-h-miller-real-estate
• Instagraminstagram.com/lhmrealestate

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Larry H. Miller Real Estate