News

LOS ANGELES (September 16, 2026) — Standard Real Estate (“Standard”) and Belay Investment Group (“Belay”) today announced the acquisition of The Townes at Mill Run, a 108-unit luxury townhome community ideally located near a number of prominent retail and lifestyle destinations including Metro Centre at Owings Mills, Foundry Row, and Mill Station.

The property, situated at 629 Wilbur Square, is one of the area’s only rental communities primarily comprised of townhome-style floor plans and is strategically positioned within one of the Baltimore region’s most dynamic growth corridors.

“This acquisition aligns with our strategy of investing in well-located communities that offer residents an outstanding living experience while providing opportunities to create long-term value,” said Jerome Nichols of Standard. “The Townes at Mill Run’s unique townhome product, large floor plans, and proximity to major employers make it a compelling investment.”

“Belay is pleased to build upon its longstanding programmatic partnership with Standard through the acquisition of The Townes at Mill Run, a high-quality townhome community that aligns closely with our value-add multifamily strategy given its favorable off-market pricing, readily executable renovation program, and positioning in an active growth, supply-constrained submarket. We look forward to working alongside the Standard team in executing our thoughtful business plan,” said Eliza Bailey, Co-Founder, CEO & CIO of Belay Investment Group.

Situated on approximately 7.9 acres, The Townes at Mill Run consists of nine residential buildings, with an average unit size of approximately 1,376 sq. ft. Residents enjoy a robust amenity package, including a clubhouse, fitness center, outdoor gathering spaces, playground, and car wash station. Apartment homes feature granite countertops, contemporary cabinetry, full-size washers and dryers, private entries, patios or balconies, and attached garages in select layouts.

Standard and Belay plan to evaluate opportunities for strategic property enhancements designed to further elevate the resident experience while preserving the community’s strong market position. The acquisition reflects continued confidence in the Owings Mills market, which benefits from proximity to major employers including T. Rowe Price, CareFirst BlueCross BlueShield, and numerous government, healthcare, and educational institutions throughout the Baltimore metropolitan area.

About Standard Real Estate Investments
Standard Real Estate Investments (Standard) is a diversified middle market investment manager. The company operates across property sectors in markets throughout the United States with a current focus on the development of industrial facilities and the acquisition of multifamily communities. The firm maintains offices in Los Angeles, California, and Washington, D.C.  For more information, visit www.standardrei.com.

About Belay Investment Group
Belay Investment Group, LLC is an institutional real estate investment management firm that is at the forefront of providing scalable access to small-scale real estate. The Firm does this through programmatic partnerships with locally entrenched and specialized operators with exclusive deal flow and “on-the-ground” market insights throughout the US. Belay pursues investment opportunities across the risk spectrum, property types, and geographies, including both debt and equity, offering its clients unique access to these alpha generating real estate opportunities. Visit www.belayinvestmentgroup.com for more information.