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- Milhaus
Milhaus Valuation, Funding & Investors
Milhaus is valued at $1.2B as of October 2017.
Last Milhaus valuation
$1.2B
Undisclosed stage · Oct 2017
Last Milhaus funding round
$245M
Undisclosed stage · Oct 2017
Cumulative funding Milhaus raised
$245M
across 1 funding round
Key investors in Milhaus
FrontRange Capital Partners
StepStone Real Estate
About Milhaus
Milhaus is an Indianapolis-headquartered real estate developer founded in 2009 specializing in mixed-use and multifamily projects. The firm manages investment, development, and property operations to enhance urban neighborhoods across the Midwest.
Founded
2009
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$1.2B (Oct 2017)
Sectors
Milhaus Valuation
Milhaus is currently valued at $1.2B, based on its undisclosed-stage round in October 2017.
The $245M round included StepStone Real Estate and FrontRange Capital Partners.
Milhaus valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2017 | Undisclosed stage | $1.2B |
Milhaus Funding History
Milhaus has raised a total of $245M across 1 funding round.
Milhaus funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2017 | Undisclosed stage | StepStone Real Estate; FrontRange Capital Partners | $245M | $1.2B | Milhaus is an Indianapolis-based real estate developer specializing in hard-to-assemble, urban infill and suburban multifamily residential buildings. The company focuses on Class A mixed-use developments and property management across secondary markets in the Midwest and Southeast, with projects including Artistry in Indianapolis, Lift in Oklahoma City, and Highland Row in Memphis. In October 2017, Milhaus secured $245 million in equity capital from FrontRange Capital Partners (a Denver-based real estate private equity firm led by David Robertson and Lance Graber) and StepStone Group Real Estate LP, along with internal investors. The funding valued Milhaus at $1.2 billion post-money. At the time of the investment, the company had developed over 3,800 units and managed over 7,400 units, with a portfolio value expected to reach $689 million with nearly 2,800 units. The capital infusion was intended to support the company's goal of owning 20,000 units across 10 markets by 2020 and to enable long-term ownership and control of its assets. StepStone Group, which managed approximately $120 billion in private capital allocations with $32 billion in assets under management, partnered with Milhaus to form joint ventures for the acquisition and development of multifamily properties. |
Who has invested in Milhaus?
2 investors have backed Milhaus across its funding rounds, including FrontRange Capital Partners and StepStone Real Estate.
Milhaus Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Milhaus investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Milhaus
Milhaus has acquired 2 companies to date.
Last acquisition by Milhaus was on July 13th 2026. Milhaus acquired SRG Residential for undisclosed valuation.
Latest Acquisitions by Milhaus
| Description | SRG Residential is a property services provider offering operational support and key performance indicators to assist with managing residential communities. | Broadshore Capital Partners is a Greenwich-headquartered real estate investment manager deploying strategies in multifamily, industrial, and hospitality assets nationwide. The firm acquires value-add properties in Sun Belt markets like Atlanta and Phoenix. Broadshore executes ground-up developments and opportunistic repositionings, leveraging $2 billion in AUM. Its advisory services include joint ventures with pension funds for core-plus portfolios. |
| HQ Country | ||
| HQ City | Lakewood, NJ | Los Angeles, CA |
| Deal Date | 13 Jul 2026 | 13 Jul 2026 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Milhaus acquisitions and their M&A valuation multiples. Start Free Trial | ||
Milhaus Competitors
Milhaus competitors include listed companies like Vistry Group, Develia, Azorim and GemLife, and private ones like Shanghai Taomao and Tidhar.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4.9B | $431M | $1.2B | 0.3x | ||
| Publicly listed | $549M | $146M | $1.2B | 1.8x | ||
| Publicly listed | $620M | $162M | $1.2B | - | ||
| Publicly listed | $200M | $56M | $1.2B | 6.1x | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1.1B | - |
Milhaus Public Comps
Milhaus is still privately-owned, but its public comps include Vistry Group, Develia, Azorim, GemLife, Bangun Kosambi Sukses, Retal, Lamda Development, Dar Global, Aedas Homes and United Real Estate Company (URC).
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.9B | $431M | 0.3x | 0.3x | 3.5x | 3.3x | |||
| $549M | $146M | 2.4x | 1.8x | 9.0x | 8.9x | |||
| $620M | $162M | 4.6x | - | 17.7x | - | |||
| $200M | $56M | 7.9x | 6.1x | 28.0x | 16.3x | |||
| $141M | $73M | 8.1x | - | 15.7x | - | |||
| $650M | $134M | 2.5x | - | 12.1x | - | |||
| $653M | $230M | 4.3x | 4.0x | 12.2x | 29.1x | |||
| $539M | $130M | 2.5x | 2.5x | 10.3x | - | |||
This data is available for Pro users. Sign up to see all Milhaus competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Milhaus
| When was Milhaus founded? | Milhaus was founded in 2009. |
| Where is Milhaus headquartered? | Milhaus is headquartered in Indianapolis, IN, United States. |
| Is Milhaus publicly listed? | No, Milhaus is a private, VC-backed company. |
| What is Milhaus' valuation? | Milhaus was last valued at $1.2B in its undisclosed-stage round in October 2017. |
| How much funding has Milhaus raised? | Milhaus has raised $245M across 1 funding round. |
| What was Milhaus' last funding round? | Milhaus' last funding round was a $245M undisclosed-stage round in October 2017. |
| Who are Milhaus' investors? | Milhaus' investors include StepStone Real Estate and FrontRange Capital Partners. |
| Which companies are comparable to Milhaus? | Companies comparable to Milhaus include Vistry Group, Develia, Azorim, GemLife, Shanghai Taomao and Tidhar. |
| How many companies has Milhaus acquired? | Milhaus has acquired 2 companies, including SRG Residential and Broadshore Capital Partners. |
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