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.
Taurus aims to acquire value-add multifamily assets and considerably reduce the energy consumption and carbon output of those buildings.
Aegon AM and Taurus Investment Holdings will manage the investment, while Taurus' subsidiary RENU Communities will apply its retrofit program to transition Canopy Villa Apartments to a low-carbon, energy efficient building.
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