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Standard Real Estate Investments has expanded its strategic partnership with Belay Investment Group, formalizing a venture that will focus on middle-market, value-add multifamily opportunities across the Midwest. The partnership is backed by a $50 million capital commitment and is intended to pursue investments in existing apartment communities that can benefit from targeted improvements while maintaining strong operating performance.
As the first transaction completed under the expanded venture, Standard Real Estate Investments has acquired Martins Point, a 256-unit garden-style apartment community in Lombard, Illinois. The acquisition is being used to seed the Midwest-focused value-add multifamily investment program that the two firms are pursuing together.
Executives from both organizations highlighted the complementary nature of the partnership. Robert Jue, CEO of Standard Real Estate Investments, noted that the firm’s experience investing in and managing multifamily communities aligns well with Belay Investment Group’s longstanding investment expertise. Eliza Bailey, Co-Founder, CEO and CIO of Belay Investment Group, described Martins Point as an ideal initial investment for the program, citing its prime location, strong in-place occupancy, accretive financing and overall market fundamentals.
Martins Point was built in 1989 and is situated on 13 acres. The property comprises 17 residential buildings along with a clubhouse and a maintenance shop, consistent with a traditional garden-style multifamily layout. Planned improvements at the community include renovations to residential units and upgrades to common areas, with the goal of enhancing the property’s physical condition and resident experience while building on its existing occupancy profile.
The acquisition marks Standard Real Estate Investments’ third multifamily investment in suburban Chicago. With the addition of Martins Point, the firm now holds a total of 1,092 multifamily units in the suburban Chicago area, underscoring its continued focus on that regional market.
The venture’s emphasis on middle-market, value-add multifamily assets in the Midwest positions Standard Real Estate Investments and Belay Investment Group to pursue a pipeline of similar opportunities as they deploy the $50 million commitment. The Lombard acquisition provides an initial reference point for how the partners intend to balance location, occupancy and financing considerations in future investments.
In related regional multifamily activity, industry participants will have an opportunity to hear perspectives from market leaders at the Connect Midwest Multifamily Trends Conference on Tuesday afternoon, June 2, 2026. The event will feature an awards segment recognizing JDL Founder Jim Leitchinger with the Changing Skyline Award, followed by a keynote interview offering additional insight into multifamily development dynamics in the region.
The post Standard Real Estate, Belay Launch $50M Midwest Multifamily Venture With Lombard Acquisition appeared first on CRE Market Beat.
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