Indianapolis multifamily developer Milhaus is expanding the scope of its operations with a new acquisitions division led by a former employee, Greg McHenry, who is returning to the company as senior vice president of acquisitions.

In his new role, McHenry will both lead and build the new acquisitions division, expanding the company’s business model, focusing on strategic growth and capitalizing on market opportunities, according to the news release. 

"After 15 years, we are excited to add acquisitions as a business line to grow our portfolio," said Tadd Miller, chief executive officer of Milhaus, in the release. "We're thrilled to welcome Greg back to the Milhaus team in this pivotal leadership role … His comprehensive industry knowledge and proven track record will be instrumental as we harness our momentum to broaden our reach in both existing and new markets."

McHenry, one of Milhaus’s first employees, joined the company as director of development in 2010, according to the release. He moved to Houston-based investment manager Hines in 2017 as a senior associate and later director, according to his LinkedIn page, where he led development and acquisition across the Midwest and Southeast. 

With more than 15 years of experience in the real estate industry, McHenry has managed over $1.8 billion in multifamily, retail and office developments, according to the release. His expertise includes sourcing investments across diverse risk profiles, optimizing performance and fostering relationships with investors. He is also the programming committee chair of the Urban Land Institute, Chicago District, and a member of the ULI Chicago Product Council. 

In addition to its new acquisitions arm, Milhaus’ real estate practices include investment, development, construction and management. As of March 2025, the company has over 7,500 units across 27 properties, making up $2.2 billion in assets under management, according to the release.