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Chicago & Midwest  + Midwest  + Finance  | 

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. 

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Inside The Story

Standard's Jue and Nichols

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Financing
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