Standard Real Estate Investments, a minority-owned real estate private equity firm focused on providing joint venture equity to developers, has formed a strategic investment program with Belay Investment Group.
The investment program will leverage Standard’s expertise in development to invest joint venture equity in ground-up projects nationwide, across asset types with emerging regional and local experts that have unique access to deal flow.
As part of its investment program with Belay, Standard recently closed on an investment in a 244-unit multifamily development project located at 75 West 18th Street in downtown Indianapolis. The 2.1-acre site is located within walking distance of the expanding Indiana University Health Methodist Hospital. The developer is Arrow Street Development, an Indianapolis-based, emerging, minority-owned development company led by industry veteran Rodney Byrnes.
