Indianapolis-based Milhaus has appointed Scot Sellers lead independent director. He previously served as chairman and chief executive officer of Archstone and chairman of the National Association of Real Estate Investment Trusts. Sellers brings 37 years of real estate experience to the Milhaus board. He led Archstone, a market-leading real estate investment trust, for nearly 20 years during which time he grew the company from several hundred million dollars in assets to a total capitalization in excess of $22 billion.
Sellers has been responsible for the development, acquisition and operation of apartment buildings in 50+ cities valued at more than $40 billion. He is a graduate of Lewis & Clark College and has an MBA from Stanford. Sellers is also a board member for Howard Hughes Corp., Inspirato, Habitat For Humanity International and ScholarLeaders International.
Milhaus, an Indianapolis-based multifamily development, construction and property management company, secured $245 million of growth capital from lead investor FrontRange Capital Partners, StepStone Realty Partners and existing internal investors in October 2017.