Standard Real Estate Investments has expanded its strategic partnership with Belay Investment Group. The venture will target middle-market, value-add multifamily investment opportunities in the Midwest with a commitment of $50 million through a programmatic joint venture.
“Belay has a proven track record of success, and the firm’s thoughtful approach to investments that can affect positive change in communities nationwide aligns perfectly with our investment philosophy,” said Robert Jue, CEO of Standard. “Our ability to invest in, and manage, multifamily communities is an excellent complement to Belay’s long-standing expertise and we are thrilled to expand our partnership.”
To mark the beginning of the partnership, Standard has completed the acquisition of Martins Point, a 256-unit garden style apartment community in Lombard, Ill. Situated in DuPage County at 2101 S. Finley Road, the property’s location provides access to highly rated school districts and
