Aegon Asset Management has completed an equity investment for Canopy Villa Apartments, the first asset within its $600 million ESG-centric equity venture with Taurus Investment Holdings to acquire value-add multifamily assets and considerably reduce the energy consumption and carbon output of those buildings.
Canopy Villa Apartments is a 1981 vintage, 296-unit apartment complex located in Orlando. Under the partnership, Aegon AM and Taurus Investment Holdings will leverage their multifamily value-add investment expertise to manage the investment, while Taurus’ subsidiary RENU Communities will apply its tailored retrofit program aiming to transition Canopy Villa to a low-carbon, energy-efficient building.
“Canopy Villa Apartments is a great fit for the value-add and energy retrofit strategy and we are very excited to kick off the venture with this closing,” said Alexia Gottschalch, global head of client strategy Aegon Real Asset and U.S. head of equity real assets
