Taurus and TPG Real Estate Celebrate the Completion of a 276-unit Residential Development
June 20 2024 - 8:00AM
Taurus Investment Holdings, LLC (“Taurus”), a global private equity
real estate firm, and TPG Real Estate Partners (“TREP”), the
dedicated real estate equity investment platform of global
alternative asset management firm TPG, are pleased to announce the
completion of NOVO Avian Pointe. A celebratory ribbon-cutting event
on June 20th, will mark the official completion of the project and
showcase its innovative features to the community.
Located in Apopka, Florida, NOVO Avian Pointe offers residents a
unique blend of sustainable, modern design and thoughtfully curated
amenities. The 276-unit, six building multifamily community was
built to encourage interaction and connection with nature,
surrounded by pocket parks, dedicated green spaces, and an organic
relaxation garden, with access to a bicycle-share program, indoor
and outdoor entertainment, and recreational spaces. NOVO Avian
Pointe adheres to the Florida Friendly Landscaping Program and
preserves 10% of the site in a conservation easement, contributing
to the overall environmental health of the area. Residents will
directly benefit from energy savings, with an anticipated 34% lower
energy consumption compared to an average new construction
property.
“As the real estate market continues to evolve, we believe
future-proofing our investments is paramount. NOVO Avian Pointe
demonstrates our commitment to aligning with investor values and
market trends,” said Peter A. Merrigan, CEO of Taurus. “By
prioritizing decarbonization, we're not only minimizing the
project's environmental impact but also reducing its exposure to
potential risks associated with climate change and rising energy
costs. This translates to a more stable investment for our
partners, and an asset that contributes to the overall well-being
of the community and reduces energy costs for our residents.”
“NOVO Avian Pointe is built for the modern resident, providing a
range of best-in-class, sustainable apartments and amenities
designed for energy-efficient, convenient living,” said Tripp
Johnson, Partner at TPG Real Estate. “As Apopka and the broader
Orlando area continue to experience strong population growth, we’re
excited to reach this milestone and announce the launch of the
community.”
NOVO Avian Pointe boasts a robust energy-resilient technology
package that was implemented by EcoSmart Solution, a green energy
service provider and affiliate of Taurus. The package includes
geothermal infrastructure that utilizes water deep underground from
the Floridian Aquifer to deliver ultra-low carbon heating and
cooling throughout the community. Additionally, the development is
outfitted with a 254 kW DC solar photovoltaic system, 36 electric
vehicle charging stations, and an energy management system allowing
residents to track their energy consumption, performance, and
costs.
The completion of NOVO Avian Pointe represents an example of
innovation, resiliency and sustainability for Taurus and TPG. By
prioritizing environmental responsibility and resident well-being,
NOVO Avian Pointe serves as a model for the future of real estate
development. The development broke ground in mid-2022 and commenced
vertical construction in March 2023.
About Taurus Investment Holdings, LLCTaurus
Investment Holdings, LLC is a global real estate private equity
firm headquartered in Boston, MA. Experienced as a general partner,
investor, and operator, the firm focuses on value-add, core-plus,
and development strategies across the fields of multifamily,
office, logistics, mixed-use, and renewable energy.
Throughout North America and Europe, Taurus is consistently
recognized as one of the premier owners of both directly managed
and joint venture commercial real estate. To date, Taurus has
purchased and developed more than 70 million square feet of
residential, office, industrial, retail and other commercial real
estate assets throughout the world with a total acquisition value
of over $11 billion.
About TPGTPG is a leading global alternative
asset management firm, founded in San Francisco in 1992, with $224
billion of assets under management and investment and operational
teams around the world. TPG invests across a broadly diversified
set of strategies, including private equity, impact, credit, real
estate, and market solutions, and our unique approach is driven by
collaboration, innovation, and inclusion. Our teams combine deep
product and sector experience with broad capabilities and expertise
to develop differentiated insights and add value for our fund
investors, portfolio companies, management teams, and communities.
For more information, visit www.tpg.com
Taurus Investment Holdings Media Contact: FischTankPR
taurus@fischtankpr.com