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Canada Infrastructure Bank Cuts First Deal With Multifamily REIT for Green Retrofit Projects

Avenue Living To Upgrade 50% of Its Apartment Portfolio in Western Canada
Sunridge Village in Calgary is targeted for retrofitting under a deal between the Canada Infrastructure Bank and Avenue Living. (Avenue Living)
Sunridge Village in Calgary is targeted for retrofitting under a deal between the Canada Infrastructure Bank and Avenue Living. (Avenue Living)
CoStar News
June 21, 2022 | 10:38 P.M.

The Canada Infrastructure Bank, a federal Crown corporation, has struck its first deal with a multifamily real estate investment trust by committing $120 million to Calgary-based Avenue Living Asset Management.

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