Standard Real Estate Investments launches, makes first investment

Standard Real Estate Investments, a minority-owned real estate private equity firm focused on providing joint venture equity to developers, founded by Robert Jue and Jerome Nichols, has launched and closed on a majority equity investment in a 244-unit multifamily development project located at 75 West 18th Street in downtown Indianapolis.

Standard and its Indianapolis-based joint venture partner Arrow Street Development will build the Wesley Place apartments on the 2.1-acre site, located within walking distance of the expanding Indiana University Health Methodist Hospital.

Robert Jue, CEO of Standard, said, “Jerome and I founded Standard in the belief that we can identify and execute investments of the highest quality through development joint ventures with minority-owned local firms like Arrow Street. Our intention is that Standard will offer positive social impact with no performance tradeoff by partnering with rising stars in local development on well-located pro