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Milhaus, SRG Residential Complete Merger, Plan To Acquire Broadshore Capital Partners
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Milhaus and SRG Residential completed a merger, forming a national multifamily platform to develop, own and manage apartment communities in more than 20 markets. Together, Indianapolis-based Milhaus and Newport Beach-based SRG Residential, a subsidiary of Sares Regis Group, have $2.5B of total investment activity and more than 50,000 apartments under third-party management, according to a release. SRG Residential's portfolio includes apartment complexes in Long Beach, Irvine, Woodland Hills and Ontario, California.  The combined company plans to start eight development projects containing more than 2,000 units this year, according to the release.  Milhaus also announced it will acquire Los Angeles-based Broadshore Capital Partners, an investment management and lending platform. The move will expand Milhaus' capabilities...
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