Boston & New England CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Boston JV Acquires Orlando Apartments for ESG Transformation Initiative
Berkadia has arranged $58.6 million in acquisition financing for The Canopy Apartment Villas, a 296-unit rental community located in Orlando, FL.
Mitch Sinberg, Matthew Robbins, and Brad Williamson of Berkadia secured the loan on behalf of the buyer, a joint venture between Boston-based Taurus Investment Holdings and Aegon Asset Management. A bank originated the five-year loan.
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.
Built in 1981, The Canopy Apartment Villas offer one-, two- and three-bedroom apartments ranging from 826 square feet to 1,337 square feet. The community is minutes from I-4 and the 408 Expressway, and close to Orlando International Airport, Valencia College, Century Plaza and Demetree Park.
- ◦Sale/Acquisition
