Standard Real Estate Investments Acquires Lombard Multifamily Property
Standard Real Estate Investments has expanded its strategic partnership with Belay Investment Group, and the venture will target middle-market value-add Midwest multifamily investment opportunities with a commitment of $50 million.
“Our ability to invest in and manage multifamily communities is an excellent complement to Belay’s long-standing expertise, and we are thrilled to expand our partnership,” said Robert Jue, CEO of Standard.
To mark the beginning of the partnership, Standard has completed the acquisition of Martins Point, a 256-unit garden-style apartment community in Lombard, Illinois. “We believe Martin’s Point represents an ideal fit to seed our new Midwest-focused value-add multifamily investment program given its prime location, strong in-place occupancy, accretive financing, and solid fundamentals,” said Eliza Bailey, Co-Founder, CEO & CIO of Belay Investment Group.
Built in 1989, Martin’s Point spans 13 acres and features 17 buildings, a clubhouse and a maintenance shop. Planned renovations include enhancements to residences and common areas. This is Standard’s third multifamily investment in suburban Chicago, bringing the firm’s holdings in the area to 1,092 units.
Join us on Tuesday afternoon, June 2, 2026, at the Connect Midwest Multifamily Trends Conference as JDL Founder, Jim Leitchinger, is honored with the Changing Skyline Award followed by an exclusive Keynote Interview. This is a rare opportunity to hear firsthand insights from one of the region’s most influential visionaries in multifamily development.Standard Real Estate Investments Acquires Lombard Multifamily Property
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout