Standard Real Estate Investments has expanded its strategic partnership with Belay Investment Group. The venture will target middle-market, value-added multifamily investment opportunities in the Midwest with a commitment of $50 million through a programmatic joint venture.
To mark the beginning of the partnership, Standard has completed the acquisition of Martin’s 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 premier green spaces while offering convenient connectivity to downtown Chicago as well as its northern and southern suburbs.
“Following the successful execution of multifamily development projects in Indianapolis and Brooklyn alongside our valued partners at Standard, Belay is glad to embark upon the next chapter in our strategic relationship,” says Eliza Bailey, co-founder, CEO and CIO of Belay Investment G
