Robert Gifford Joins Milhaus Board of Directors

September 17, 2018

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INDIANAPOLIS (Sept. 18, 2018) – Milhaus, an award-winning owner and operator specializing in Class A urban infill, mixed-use and multifamily residential buildings, today announces Robert Gifford has joined the board of directors.

Gifford, who lives in Newton, Mass., has 35 years of experience in the commercial and retail real estate investment business, serving as principal, executive and director at global companies including AEW Capital Management, AIG Global Real Estate Investment and Lehman Brothers Holdings. He has decades of experience in creating and protecting value, building and leading teams and creating trusted relationships with stakeholders at all levels.

From 2009 to 2016, Gifford was president and CEO of AIG Global Real Estate. He joined a year after the U.S government’s takeover and led the stabilization, restructuring, recapitalization and reinvigoration of the firm to preserve and recover over $2 billion of legacy equity. He also oversaw the strategic investment of over $2.5 billion of new equity into diverse real estate projects as well as AIG’s 100,000 unit affordable housing business and $20 billion mortgage loan team.

Prior to AIG, Gifford spent 22 years with AEW Capital Management LP, a Boston-based real investment firm serving institutional clients. During his tenure, he was a principal with leadership positions in acquisitions, capital markets/capital raising, portfolio and asset management. Gifford also has worked for Rouse Company, a pioneering developer and owner of regional shopping centers, urban mixed-use projects and planned communities. 

"Over the past 30 years, I have had the opportunity to invest in numerous real estate development and operating companies. I have learned that the recipe for success is great people, a well-crafted strategy and a durable capital structure. With the combination of Tadd Miller and his team, a targeted market and product strategy, the FrontRange and StepStone investments, and new board members David Robertson, Lance Graber and Scot Sellers, it is clear that Milhaus has these success factors in great abundance. I am very pleased to join the Milhaus team and am most excited about the road ahead," says Gifford.

Milhaus CEO Tadd Miller says Gifford’s professional background and expertise complement that of fellow board members. “Rob has great energy and passion as well as diverse retail and investment experience,” says Miller. “His experiences helping restructure and resurrect some of the largest companies in the financial industry out of the Great Recession will provide our team an exceptionally knowledgeable resource as we work to mitigate market risks and create a sustainable organization with a long-term view.”

Continuing to expand its footprint within the United States, Milhaus is pursuing strategic growth opportunities in new and existing markets such as Kansas City to reach its goal of having 20,000 units in 10 markets by 2020. Milhaus currently owns projects in Indianapolis, Ind.; Cincinnati, Oh.; Kansas City, Mo.; Memphis, Tenn.; Milwaukee, Wis.; Pittsburgh, Pa.; Tampa, Fla.; St. Petersburg, Fla.; and Bonita Springs, Fla.