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Standard Real Estate Launches with JV Equity for Indianapolis Apartments
Standard Real Estate Investments, LP, a minority-owned real estate private equity firm focused on providing joint venture equity to developers, formally launched its business Wednesday with the closing of a majority equity investment in a 244-unit multifamily development project at 75 W. 18th St.t in downtown Indianapolis.
Los Angeles-based Standard and its Indianapolis-based JV 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.
Under the guidance of real estate investment veterans Robert Jue and Jerome Nichols, previously senior leaders at CBRE Global Investors, Standard’s initial strategy is capitalizing the development of market-rate attainable housing, with a focus on improving access to capital for minority- and women-owned developers. Standard is targeting $200 million of AUM within 12 months through investments in four development projects suited to its criteria.
- ◦Development
- ◦Financing


