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Milhaus Expands Management Platform with ContraVest Management Company Acquisition

Increases property management footprint in the Southeast

INDIANAPOLIS, In. (November 17, 2025) – Milhaus, a national award-winning developer, owner, and operator of Class-A multifamily properties, announces the acquisition of the property management company of Florida-based ContraVest. The deal, finalized in November of 2025, expands the Milhaus brand into Florida and North Carolina and marks a strategic step into third-party property management.

Under the agreement, Milhaus will assume residential management at eight multifamily properties. The acquisition brings Milhaus’ total number of managed properties to over 9,500 units and positions its team in key markets.

“This acquisition expands our depth in the Southeast and enhances our ability to serve residents who want exceptional living experiences in vibrant Florida communities,” said Tadd Miller, Co-founder and CEO, Milhaus. “We welcome several key members from ContraVest into leadership roles on our team, bringing valuable expertise that will strengthen the Milhaus organization and enhance the overall experience for our residents.”

Christin Tenpenny will step into the role of Vice President of Operations for Property Management for the entire Milhaus portfolio. With over 30 years of industry experience, Christin is a seasoned leader known for her expertise in managing both stabilized properties and new lease-up communities. Her extensive background includes working with large institutions and individual investors, and she holds CAM and CAPS accreditations from the National Apartment Association Education Institute.

“Milhaus and ContraVest share similar values, and I am confident that our owners, residents and teammates will be in good hands with the leadership team at Milhaus,” said Steven Ogier, CEO, ContraVest Companies. “Milhaus’ solid reputation and shared commitment to excellence made this decision clear. This transition creates valuable opportunities for our team and projects.”

This acquisition aligns with Milhaus’ mission to positively impact neighborhoods by delivering progressive communities. With strong rental demand in Charlotte, Tampa, and Orlando, Milhaus is poised to serve new residents seeking quality apartment living. Milhaus developed and manages Canopy at Babcock Ranch, as well as previous Florida projects in Tampa, such as Hite, Notch, and Lector 85, and Artistry St. Pete in St. Petersburg.

Milhaus plans a thoughtful integration process that honors the strengths of both organizations. The company will leverage ContraVest’s local market knowledge and established relationships to accelerate third party management in Florida submarkets while maintaining both companies’ focus on resident experience and operational performance.

Skyhawk Capital Advisors acted as exclusive financial advisor to Contravest in the transaction.

What does Milhaus do?
Milhaus develops, owns, and manages Class-A multifamily communities and property management services. The company builds and operates apartments in key U.S. markets.

What types of properties?
Milhaus focuses on Class-A multifamily communities and property management services. Properties include stabilized assets and new lease-ups.

What is Milhaus' mission?
Milhaus aims to positively impact neighborhoods through communities and property management services. The company emphasizes quality living and operational excellence.

What did Milhaus announce?
Milhaus announced the acquisition of ContraVest’s property management company and third-party property management services expansion. The deal closed in November 2025.

Which company's management was acquired?
Milhaus acquired the property management company of Florida-based ContraVest and added third-party property management services. The transaction expands capabilities and markets.

Which states did Milhaus enter?
Milhaus entered Florida and North Carolina with added property management services. These markets deepen the Southeast presence.

How many properties are included?
Milhaus assumed management of eight multifamily properties with property management services. These communities shift under Milhaus operations.

How many units managed now?
Milhaus now manages over 9,500 units with property management services. This total reflects the new portfolio scope.

Who is the new operations VP?
Milhaus named Christin Tenpenny Vice President of Operations for Property Management and property management services. She brings 30-plus years and CAM/CAPS credentials.

Why does this deal matter?
Milhaus expands Southeast depth and resident experience through property management services. “This acquisition expands our depth in the Southeast and enhances our ability to serve residents,” said Tadd Miller, Co-founder and CEO, Milhaus, Nov. 17, 2025. “We welcome key ContraVest leaders who strengthen our organization.”