Andrejs Kancs Returns to Milhaus as VP of Financial & Asset Management

Andrejs Kancs Returns to Milhaus as VP of Financial & Asset Management 

Kancs’ extensive expertise in maximizing returns across real estate investment will enhance Milhaus’ growing capital markets division.

INDIANAPOLIS (Aug. 9, 2023) — Milhaus, the Indianapolis-based national multifamily developer, owner and operator of Class-A residential and mixed-use communities, announces that Andrejs Kancs is returning to Milhaus in a newly created position as Vice President, Financial & Asset Management. Kancs brings more than 15 years of finance and asset management experience to support Milhaus’ capital markets department.

“The Milhaus team is thrilled to welcome Andrejs back to our capital markets team as an integral leader,” said Tadd Miller, Chief Executive Officer. “His transformative leadership skills and strategy-driven approach will be pivotal in the growth of Milhaus and its future.”

As VP, Financial & Asset Management, Kancs will support and lead Milhaus’ finance and asset management teams as they monitor project viability and performance. Milhaus currently has 26 assets under management or under construction with a strong pipeline of projects under development across the Midwest and Sunbelt. In this position, Kancs will monitor project performance to manage opportunities and risks on behalf of investors and lenders, initiate measures to rectify concerns, and prevent underperformance by strategically analyzing market and project data points.

“I’m thrilled to return to Milhaus in this capacity and foster new growth within the company,” said Andrejs Kancs. “I’m looking forward to working alongside the outstanding individuals that make up the Milhaus team as we continue to drive value to the firm and our investment partners.”

Kancs most recently served as a director at Scannell Properties, an international commercial real estate development firm, where he was responsible for dispositions and project financings. In his prior positions at Milhaus (2017–2022), Kancs was instrumental in systemizing the business by creating robust financial models to drive decision-making, formalizing investment approval and governance procedures, and leading several strategic initiatives supporting performance management. Kancs earned his bachelor’s degree from Indiana University’s Kelley School of Business in finance real estate. 

For more information on Milhaus, please visit www.milhaus.com.

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ABOUT MILHAUS

Milhaus is a national award-winning, vertically integrated multifamily developer, owner and operator specializing in Class A residential assets. Headquartered in Indianapolis, Milhaus is comprised of inspired and industrious individuals who are passionate about the development of multifamily and mixed-use communities. We provide exceptional customer experiences and create solutions for neighborhoods that positively impact communities by providing unparalleled expertise in real estate, investment, development, construction and management.  Milhaus’ portfolio is comprised of over 10,500 units across 26 properties as of June 2023. Assets Under Management stood at $1.9 billion. For more information, visit www.milhaus.com.