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Taurus Investment Holdings and Aegon Asset Management have acquired The Canopy Apartment Villas in Orlando, FL for $58.6 million.

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.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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