Milhaus Celebrates 10,000+ Units Built, Top Industry Honors

In 2022, Milhaus began construction on seven new projects, exceeded 200 employees, and was ranked a top developer by multifamily trade publications.

INDIANAPOLIS (Jan. 17, 2022) — Milhaus is celebrating a year of unprecedented growth. The national award-winning multifamily developer, owner and operator of Class-A residential and mixed-use communities reached significant property and personnel milestones this year. In 2022 alone, Milhaus invested $500 million on seven new-construction projects, comprising 2,000 units across Florida, Cincinnati, Oklahoma City, Indianapolis, Kansas City and Phoenix. This surge of development led to the company exceeding 10,000 multifamily units since its founding in 2010.

“Milhaus has always focused on making a positive impact in every community in which it operates – working together with local communities to develop top-tier multifamily homes where people want to live,” said Founder and CEO Tadd Miller. “Even with today’s economic uncertainties, the multifamily market is strong across the country, and we’re proud to be growing alongside it.”

Recent accolades reinforce Milhaus’ expertise. Multi-Housing News ranked Milhaus as 16th on its 2022 list of Top Multifamily Development Firms, up four spots from 2021. The firm was also acknowledged as one of the top 5% of Qualified Opportunity Zone (QOZ) managers across all asset classes in the United States by QOZ data specialists. QOZs were established by the Tax Cuts and Jobs Act of 2017 to spur economic development and job creation, incentivizing investment in underserved communities via significant investor tax benefits. Milhaus manages more than $500 million in QOZ assets across nine single-asset Qualified Opportunity Zone Funds. The firm attributes its long-term build-to-hold strategy as one of the keys to its success in creating a leading QOZ platform offering accredited investors income-producing, inflation-protected, tax-incentivized real estate investment opportunities.

“We look forward to many QOZ projects opening to residents in 2023 and are optimistic that the New Year will bring even more development opportunities to our team,” said Chris Beres, Vice President of Investor Relations. “It’s an exciting time to bring long-term focused multifamily developments to market.”

Miller added, “Our property growth has a direct correlation with continued neighborhood buy-in and strategic partnerships thanks to our rapidly growing team of passionate individuals.”

Milhaus saw explosive growth in its team this year and passed the 200-employee mark. Named a Best Place to Work in Indiana in 2022 by the Indiana Chamber of Commerce, it’s easy to see how the team has outgrown its current office. Milhaus will move its Indianapolis HQ to a larger space in 2023. Teams in markets across the country grew, as well. This prompted Milhaus to hire a development team to cover the burgeoning Texas market with a regional home base in Austin and move its Kansas City-based team to a larger office space.

With additional development projects in the works, Milhaus anticipates continued dramatic growth in 2023. To learn more about Milhaus, its work and its team, visit www.milhaus.com.