Rendering of The Canopy Apartment Villas, a 296-unit rental community in Orlando, FL |
Mitch Sinberg |
Matthew Robbins |
Earlier this year, Taurus and Aegon AM announced a four year, $600 million ESG-centric partnership aimed at acquiring value-add multifamily assets and reducing their energy consumption and carbon outputs.
Through Taurus’s energy-focused subsidiary, RENU Communities, Taurus will aim to transition The Canopy Apartment Villas to a low-carbon, energy efficient multifamily complex.
Brad Williamson |
“Canopy
will also provide investors with a unique opportunity to deliver strong returns
and benefit the environment.”
“Taurus and Aegon AM have made a commitment to building a business that delivers returns to our investors, while also positively impacting both society and the environment, so it only makes sense to partner for this substantial decarbonization venture,” said Peter Merrigan, Taurus CEO.
Peter A. Merrigan |
“RENU
has already proven to be a leader in addressing carbon emissions in existing
buildings, and its work across this portfolio will further show our innovative
ability to decarbonize properties in a way that is beneficial to all parties.”
Built in 1981, The Canopy Apartment Villas offer one-, two- and three-bedroom apartments ranging from 826 square feet to 1,337 square feet.
CONTACTS:
Melinda
Sherwood
Kreps
PR,
for
Berkadia Commercial Mortgage LLC
305.849.0467
Marian Moreno
Account Executive
C. 786.286.5578
Miami
• New York City • Palm Beach
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