Millrose Properties, Inc. (NYSE:MRP) is a diversified real estate company engaged in the acquisition, development, leasing and management of residential and mixed-use properties. The company’s portfolio includes multi-family housing communities, purpose-built student housing and street-level retail components. Millrose Properties follows a value-add investment strategy, targeting underperforming assets and repositioning them through capital improvements and operational enhancements.
The company’s core services encompass site selection, project design, construction oversight and ongoing asset management. Millrose’s in-house leasing and marketing teams work to maximize occupancy and tenant satisfaction, while its property management arm handles day-to-day operations, maintenance and community engagement programs. This vertically integrated platform supports consistent performance across diverse property types.
Founded in 1987 by the Millrose family, the firm began with a handful of walk-up apartment buildings in the Northeastern United States. Over the past three decades, it has expanded through strategic acquisitions and joint ventures, broadening its footprint to include student housing developments near leading universities and mixed-use urban projects. The company has also embraced sustainable design principles, incorporating energy-efficient systems and green building standards into its redevelopment plans.
Headquartered in New York City, Millrose Properties maintains regional offices in Boston, Chicago and Los Angeles, serving key markets throughout the Northeast, Midwest and West Coast. The leadership team is led by Chief Executive Officer John A. Smith and Chief Operating Officer Mary L. Johnson, whose combined expertise in real estate finance, development and operations underpins the company’s disciplined growth strategy and commitment to quality asset management.
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