Orlando Apartments Sold to Boston JV 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.
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