Milhaus Hires VP of Development
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndianapolis-based Milhaus is expanding its footprint to the Carolinas and hired Rachel Russell as vice president of development for the southeast region. She previously served as vice president of real estate development for Grubb Properties. Before completing her master’s degree from the UNC at Chapel Hill in city and regional planning with a specialization in real estate, design and preservation, Russell worked for the National Trust for Historic Preservation in Washington, D.C. With the company’s goal to develop and acquire properties with a market value exceeding $4 billion by 2020, Milhaus identified the Carolinas as an extremely desirable market for expansion due to the region’s strong job growth and high demand for multifamily and mixed-use properties in urban neighborhoods. Milhaus currently has a site under contract in Asheville, North Carolina, and Russell will be actively looking for other sites within the Carolinas. Based in Charlotte, North Carolina, Russell will be responsible for managing the development lifecycle of each project in this new market, including land acquisition, financial analysis, market research, product visioning, construction management and transitioning to operations. She brings extensive multifamily and mixed-use property development experience in the Carolinas to her new role at Milhaus. Milhaus currently has projects under development in Cincinnati, Ohio; Kansas City, Missouri; Louisville, Kentucky; Memphis, Tennessee; Milwaukee, Wisconsin; Nashville, Tennessee; Oklahoma City, Oklahoma; Pittsburgh, Pennsylvania and Tampa, Florida.