LOS ANGELES, September 20, 2021 /PRNewswire/ — Standard Real Estate Investments, LP (Standard), a minority-owned real estate private equity firm focused on providing joint venture capital to developers, has formed a strategic investment program with Belay Investment Group, LLC (Belay) .

“We are proud to be aligned with Belay. They are a thoughtful and experienced team who share our vision of how commercial investment actions can affect positive social change,” said Jerome Nichols, president of Standard. “Only 2% of professionally managed property is managed by minorities or women. This needs to change. Standard is just part of a wider mobilization across the industry that is working to make this happen. produce.”

The investment program will leverage Standard’s development expertise to invest equity in joint ventures in grassroots projects nationwide, across all asset types, with regional and local experts emerging markets that have unique access to the flow of transactions.

As part of its investment program with Belay, Standard recently completed an investment in a 244-unit multi-family development located at 75 West 18and street in Downtown Indianapolis, IN. The 2.1 acre site is located within walking distance of the expansion Indiana University Methodist Health Hospital. The developer is Arrow Street Development, a Indianapolisemerging, minority-owned development company led by an industry veteran, Rodney Byrnes.

“The deep collective wealth of institutional experience shared by the Standard team was evident throughout our due diligence process, and Belay was impressed, not only by the consistently high quality of information and analysis provided by Standard, but also through their acumen of sourcing and fostering relationships with operators and emerging developers,” said Eliza Bailey, Managing Director at Belay. “We are delighted to have the opportunity to explore new markets and strategies through this venture, while continuing to play an active role in supporting diversity, as well as developing the Standard team and its platform.”

Belay is an investment manager focused on deploying institutional capital through strategic partnerships with emerging managers and market sector specialists across a variety of value-added strategies and property types. The company’s strong fiduciary culture and track record is matched only by its commitment to demonstrating social and environmental progress through the investments it makes. Current ESG strategies include investments in the adaptive reuse of former big box retail space, workforce housing with onsite social programming initiatives designed to educate and empower its tenant base of the lower to middle class, and a curated multi-family debt portfolio with an eye toward bolstering the supply of accessible housing, while closing the affordability gap in Southern California.

“Belay’s collaborative culture fits perfectly with our long-term plans and will be an asset to our platform,” said Robert Jue, CEO of Standard. “Ultimately, we will measure our success by the performance of our investments and the impact we have in helping to increase diversity and inclusion in commercial real estate.”

About Standard Real Estate Investments

Founded by Robert Jue and Jerome Nichols, Standard Real Estate Investments (Standard) is a minority owned and controlled real estate private equity firm that manages capital on behalf of institutions and allocates joint venture capital to developers. The company operates nationwide across all real estate sectors and risk profiles with an initial focus on developing accessible, market-priced housing while accelerating positive socio-environmental impact. Standard’s management team has invested in assets valued at $7 billion in total. For more information, visit www.standardrei.com.

About Belay Investment Group

Belay Investment Group, LLC is a majority female-owned company Los AngelesNew York-based investment management company that seeks debt and equity investment opportunities, primarily mid-market infill properties in the urban/suburban transit hub markets, on behalf of its institutional investors. Belay implements its investment strategies through long-term relationships with high-level local operating partners and industry specialists. The firm has earned a reputation in the industry for supporting the growth and development of emerging operators and managers (including MWBE companies), beyond providing investment capital. For more information, please visit www.belayinvestmentgroup.com.

Contacts: Great Ink Communications – [email protected]; 212-741-2977
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SOURCE Standard real estate investments


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