The chief executive officer of Indianapolis-based Milhaus says expansion plans involving 250 new jobs announced today are part of an overall growth strategy put into place five years ago. Even so, Tad Miller says "several moving parts," including raising equity and increased demand, had to come into place to make it happen. He says the city’s downtown and quality of life also allow the company to "not only attract in Indianapolis, but attract to Indianapolis."
Milhaus unveiled plans this morning to invest more than $1.6 million in its Indianapolis headquarters and add up to 250 jobs by 2020. Miller says that’s in addition to 100 jobs the company has added over the last year. He says the increased demand and revenue growth of more than 650 percent over the last three years have helped fuel the expansion.
The company, which owns Milhaus Development, Milhaus Management, Milhaus Construction and Ineo, aims to grow its portfolio to 20,000 units worth $4 billion in 10 markets by 2020. In addition to Indiana, Milhaus has properties in Ohio, Kentucky, Wisconsin, Missouri, Pennsylvania, Tennessee and Oklahoma.
Milhaus currently employs 116 in Indiana and nearly 30 more throughout the Midwest. It plans to hire for management, information processing, finance, administrative support and sales and marketing positions in Indianapolis.
Miller says Indianapolis boasts a “huge base of real estate talent.”