Energy efficient retrofits focused on multi-unit residential buildings
Fast facts
Avenue Living is an owner and operator of properties primarily in western Canada’s prairie provinces and is seeking to retrofit approximately 132 properties in their portfolio consisting of 220 buildings. The buildings are predominantly low-rise, walk-up style, multi-family rental apartment buildings.
Avenue Living is committed to reducing greenhouse gas emissions and improving living conditions by implementing energy efficiency measures, focusing on mechanical and electrical upgrades, new windows and doors, roof insulation and rooftop solar.
The investment aligns with the CIB’s Commercial Building Retrofits Initiative (CBRI) in targeting a minimum GHG emissions reduction of 30 per cent across the portfolio of buildings.
Benefits of CIB Involvement
Our team works with large private sector real estate owners and retrofit aggregators on customized plans to modernize and improve the energy efficiency of existing buildings. We are transforming the retrofits market by leading the way for private financing.
Our investment will help finance a portion of the upfront capital costs of the retrofits. Once the repayment is complete, Avenue Living will benefit from 100% of the long-term savings achieved through the retrofits.