INDIANAPOLIS, ID – Milhaus, a national award-winning developer, owner, and operator of Class A multifamily properties, announces the completion of its acquisition of Broadshore Capital Partners, a Los Angeles and New York based, SEC-registered investment management and lending platform with more than 35 years of experience in equity and debt investment strategies. Broadshore will operate under the umbrella of Milhaus, who recently merged with Sares Regis Group (SRG) Residential in spring 2026, forming a national, vertically integrated multifamily platform.
With the merger and acquisition finalized, Milhaus will expand opportunities for institutional investors interested in coast-to-coast, full-service multifamily development, property and investment management. The investment firm s client base includes large pension funds, insurance companies, and international institutional investors.
The combined platform enables Milhaus to pursue debt and equity investments on behalf of capital partners by leveraging its vertically integrated expertise and market knowledge. Investors benefit from a national firm with the capabilities to identify compelling investment opportunities through boots-on-the-ground market presence, do business plans with integrated construction and development capabilities, drive premium asset performance as a property manager with more than 50,000 units under management, and effectively manage and administer their investments. By combining Broadshore s institutional capital relationships and investment expertise with the Milhaus vertically integrated platform, the company is positioned to accelerate growth, expand its acquisitions pipeline, and compete more effectively for complex opportunities.
“This is a meaningful step forward in our strategy to scale the platform and expand our capabilities,” said Tadd Miller, Chief Executive Officer, Milhaus. “Broadshore brings deep institutional relationships and a proven investment track record that complements our vertically integrated model. Together, we are better positioned to grow our acquisitions and lending platforms, access new opportunities, and deliver stronger outcomes for our investors.”
“Milhaus offers the scale, operational expertise, and fully integrated platform we were looking for in a partner,” said Brad Howe, Chief Investment Officer, Milhaus. “We have built a strong foundation with more than 35 years of experience managing investor capital, and this combination enables us to accelerate growth, expand our reach, and better serve our institutional investors with a more comprehensive set of capabilities.”
With the acquisition now closed, Howe, who spent 20 years leading Broadshore and its predecessor entity as Co-Managing Director, Co-CEO and CEO and oversaw more than $7.5 billion invested across approximately 200 transactions, joins Milhaus as Chief Investment Officer and a shareholder, alongside principals Russell Munn and James Pomeranz. The combined Milhaus platform now operates corporate offices in Indianapolis; Newport Beach, California; Los Angeles; New York; Orlando, Florida; and Phoenix, Arizona. The transaction positions the combined platform to pursue equity and debt investments with greater speed and flexibility and to accelerate Milhaus growth trajectory by five to ten years.
Jones Lang LaSalle Securities, LLC acted as Milhaus’ exclusive financial advisor on the Broadshore Capital Partners acquisition.

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AUSTIN, TX – ARCTRUST Private Capital, the capital markets division of the ARCTRUST Group of Companies, and Edison Equity Residential announced the construction loan closing for the development of Serenova at Dripping Springs, a 175-residence, 55+ age-restricted community in Dripping Springs, Texas, located 25 miles west of Austin. The loan was provided by North River Partners.
This is ARCTRUST s second collaboration with Edison Equity Residential, a fully-integrated residential development and operating platform focused on age-restricted living communities. This project follows The Serenova at Woodforest, which broke ground in November 2025, and is currently progressing through construction ahead of schedule.
Located adjacent to the Headwaters master-plotted community, Serenova at Dripping Springs will include 133 upscale one- and two-bedroom apartment homes and 42 private villas. The community is designed to pair serene comfort with vibrant social engagement through Edison s Concierge Community concept, a personalized, service-rich approach to active-adult living.
Closing Dripping Springs is an vital milestone for Serenova and a meaningful step in growing our Concierge Community concept, said Carolyn White, CEO, Edison Equity Residential. With reservations already in hand at Woodforest, we know this lifestyle is connecting with people. We re excited to build on that momentum and bring Serenova to the Texas Hill Country.
Serenova at Dripping Springs concierge services will include personal help with reservations, travel, in-home needs and social plotting. Plotted amenities include a chef-curated restaurant and social bar, wellness-focused fitness centers, a resort-style pool, a creative arts studio, a club room, a community lounge and marketplace, as well as direct access to Headwaters trail system.
Returning for a second venture with Edison Equity Residential speaks to the strength of this partnership, and we are deeply grateful to our capital partners and investors for the trust they continue to place in us, said Chris Wadelin, CEO, ARCTRUST Private Capital.
Construction is expected to start in the fourth quarter of 2026, with the first residents anticipated in summer 2028. The project team includes Market Square Architects, StudioSIX5 Design and The Brownstone Group.

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WEST PALM BEACH, FL – Fairfield announced the acquisition of Portofino Place Apartments, a residential community located at 4400 Portofino Way in West Palm Beach, Florida. Portofino Place is a multifamily community offering spacious one-, two-, and three-bedroom apartment homes, as well as two-tale loft residences.
Located minutes from Downtown West Palm Beach, the community features an extensive amenity package, including four resort-style swimming pools, a 24-hour fitness center, yoga studio, pickleball and tennis courts, indoor basketball court, coworking space, dog park, guest suite accommodations, and multiple social and recreation areas.
The acquisition aligns with Fairfield’s strategy of investing in multifamily communities where operational enhancements and capital improvements can support the resident experience while making long-term value.
This investment is a strong example of the type of value-add opportunity we continue to pursue, said Wes Dickerson, Executive Vice President of Acquisitions for Fairfield. West Palm Beach continues to experience population growth and demand for rental housing. We believe Portofino Place has been exceptionally maintained and is well-positioned within one of Florida’s most dynamic growth markets.
Situated in the heart of Palm Beach County, Portofino Place Apartments offers residents convenient access to Downtown West Palm Beach, major transportation corridors, employment centers, shopping, dining, entertainment destinations, and some of South Florida’s most recognizable beaches. The community’s combination of spacious floor plans, resort-inspired amenities, and location all contribute to its appeal as a rental housing option within the market.
We look forward to thoughtfully enhancing the resident experience while continuing to provide a high-quality housing option for current and future residents, Danny Frate, Vice President of Acquisitions for Fairfield, added. We also appreciated the opportunity to work with Walker & Dunlop, who facilitated both the sale and financing of the deal.
This acquisition further strengthens Fairfield’s presence in Florida and reflects the organization s continued commitment to identifying value-add investment opportunities in markets supported by population growth and long-term housing demand.

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