·The Future·

Carbon Neutral Living

Onsite Renewable Energy Generation
Upgraded Building Systems
Decarbonized Properties

RENU is leading the transition to a carbon neutral built environment.

Carbon neutral real estate

We deliver decarbonized energy retrofits to existing real estate assets.

Climate action starts with improving energy performance within the built environment.

Buildings consume

40% of energy produced

70% of electricity produced in the U.S.

They account for nearly

40% of annual global greenhouse gas (GHG) emissions

12% of direct GHG emissions in the U.S.

Why RENU?

Operational Value

State and local governments are committing to meeting greenhouse gas reduction targets, while property owners confront additional legislative and financial burdens associated with greater environmental responsibility. The requirements are still evolving, and RENU allows owners and operators to stay ahead of the environmental regulations.

RENU’s comprehensive approach provides a carbon neutral transition for the built environment.

Carbon neutral real estate
Our innovative solutions improve property values, decreases utility and maintenance costs, and achieves carbon neutrality at no additional expense to owners, management, or tenants. 

Owners and operators benefit from:

  • Utility and Energy Savings
  • Reduced Maintenance/Operation
  • Decarbonized Asset Standard
  • Improved Energy Resiliency
  • State-of-the-Art Energy Equipment
  • Exceeding Building Code Requirements
  • Lower Capital Reserve Costs
  • Competitive Marketing Advantage
  • Increased NOI

 

Carbon neutral real estate
RENU builds a path to low emissions, comfort, and efficiency.  

Tenants benefit from:

  • Safer and Healthier Environment
  • Decarbonized Living / Working Space
  • No Additional Cost
  • Reduced Maintenance Interference
  • Improved Health and Comfort
  • User Friendly Energy Management

 

Tenant Demand

Consumers are increasingly concerned about climate change and their own carbon footprints. Businesses and state and municipal governments representing a significant portion of the population have committed to broad greenhouse gas reduction targets.

Our cutting-edge HVAC infrastructure provides better indoor air quality and energy performance.

Carbon neutral real estate

How It Works

We decarbonize the built environment by lowering energy demand through comprehensive retrofits, infrastructure upgrades, electrification, and on-site/off-site renewable power generation.

Carbon neutral real estate

Property Assessment & Energy Analysis

We perform comprehensive analyses on existing properties to determine the best combination of energy performance technologies. We can then provide a customized roadmap to achieving specified carbon reduction and financial goals.

Design Study & Implementation

Our team designs onsite energy systems best suited for carbon neutrality. We consider the application of battery storage capacity, solar, and our proprietary geothermal model (GeoGrid™). If necessary, additional energy needs can be generated with local, off-site renewables. We create the optimal financial structure and cooperative relationships between the property owner, the utility, and state and local governments.

Energy Management & Maintenance

Once the new equipment and energy infrastructure is fully installed, our Energy Management system provides continuous monitoring on a per household/ business basis. Real-time data yields energy insights and underscores new opportunities for ongoing optimization.

RENU In Action

Over the next 30 years, the current RENU portfolio is projected to save

of CO2 from our atmosphere

Our projects will save the energy equivalent of:

Carbon sequestered by 270,000 acres of forest

Greenhouse gas emissions from 554,000,000 passenger vehicles’ miles

CO2 emissions from 243,000,000 pounds of coal

Canopy

Canopy

RENU’s first project in the Florida real estate market.

1,670,000 kWh

permanently saved through energy efficiency

580,000 kWh

produced through on-site renewable energy

1,305 tons

of CO2 avoided per year

Canopy Apartments is a 56 building, 296-unit garden-style multi-family apartment complex in Orlando, FL. The complex features a mix of 1,2, and 3-bedroom units arranged in 1 and 2 story buildings across the property. Built in 1981, the all-electric property features many original building systems. 

Through the RENU process, Canopy is expected to avoid 1,305 tons of COeach year. Planned RENU improvements to the property’s building envelope include LED lighting and roof insulation upgrades. The RENU scope also includes full retrofit of the HVAC and hot water systems with high efficiency heat pumps and heat pump water heaters, thus improving unit energy resiliency and reducing energy demand. 

With the aim of maximizing COsavings at Canopy, RENU plans to install approximately 270 kW (DC) of rooftop solar PV at Canopy, thus reducing complex wide electricity consumption by approximately 20%. 

Although not directly associated with energy saving initiatives, water conservation also advances RENU’s goal towards a sustainable real estate industry. RENU plans on upgrading Canopy’s original toilets to 1.28 GPF low flow toilets, thus decreasing property toilet water consumption and wastewater production by 60%. 

Following the construction of the property’s new energy infrastructure, RENU will manage, maintain, and monitor these systems to maximize energy efficiency and environmental health through our integrated energy management and monitoring system. 

Chestnut Place

Chestnut Place

RENU’s second multi-family venture in the Massachusetts market.

88,000 kWh

permanently saved through energy efficiency

677,000 kWh

produced through on-site renewable energy

427 tons

of CO2 avoided per year

Chestnut Place apartment community in Ashland, MA is a garden-style multi-family apartment complex comprised of 6 buildings with 207 units. The community is a mix of 1- and 2-bedroom units arranged in 2 story buildings. Built in 1971, this property features many original electric and gas systems. 

Through the RENU process, Chestnut Place is expected to avoid 427 tons of COeach year. Planned RENU improvements to the property’s building envelope include LED lighting and roof insulation upgrades. The RENU scope also includes full retrofit of the HVAC and central hot water system with advanced cold climate heat pumps and CO2 heat pump water heaters. Both systems will drastically reduce the property’s energy demand and improve energy resiliency. 

Recognizing the impact solar PV could have at Chestnut Place, RENU plans to install approximately 195 kW (DC) of rooftop solar PV and an additional 330 kW (DC) of parking lot canopy solar PV. This would maximize the solar production, as well as drastically increase the COsavings at Chestnut Place. 

Following the construction of the property’s new energy infrastructure, RENU will manage, maintain, and monitor these systems to maximize energy efficiency and environmental health through our integrated energy management and monitoring system. 

 

 

Our Team

Peter A. Merrigan

Chief Executive Officer

Peter Merrigan is Chief Executive Officer of RENU Communities and Taurus Investment Holdings LLC. He has overseen the acquisition and development of more than 47 million square feet of commercial space to date with a value in excess of $7.3 billion. As CEO he has guided the launch and development of RENU Communities alongside EcoSmart Solution and the broader Taurus renewable portfolio.

Carbon neutral real estate

Erik R. Rijnbout

President

As President of Taurus, Erik oversees the daily operations of Taurus worldwide, is responsible for Taurus’ Portfolio Management, consults on all new business initiatives, and supervises investment structuring and financing. In addition, Erik serves on the board of EcoSmart Solution, several real estate companies and acts as the relationship manager for the European institutional clients. Prior to joining Taurus, Mr. Rijnbout was Vice President of Finance at the DSF group. Mr. Rijnbout also held positions at the Royal Dutch/Shell Pension Fund (US Real Estate), Royal Dutch/Shell Group (Netherlands), and Coopers & Lybrand International N.V. (Netherlands).

Carbon neutral real estate

Chris Gray

Chief Technology officer

Christopher (Chris) Gray is the Chief Technology Officer of RENU Communities. As CTO Chris oversees the technoeconomic evaluation of RENU’s carbon-neutral energy efficiency retrofit program as well as the company’s technology and platform development. Chris brings an extensive background in energy and engineering. He spent over 15 years working within the energy industry in a variety of roles including technology R&D, sales, key accounts, and business development.

Nancy Scotton

Chief Finance Officer

As CFO of Taurus, Nancy is responsible for managing and reporting on all the fiscal and financial affairs of the Company and overseeing the company’s day-to-day finance and accounting operations. Prior to Taurus, Nancy has over 25 years of experience in the alternative asset management industry including tenures prior to Taurus as CFO with private equity real estate funds (Landmark Partners, Goldpoint Partners), a family office (Perilune Group) and over a decade in the financial services practices at Big 4 and top tier public accounting firms (PwC, EY, RSM). Nancy holds a B.S. from CUNY – Brooklyn College and an M.S. from Pace University, and is a Certified Public Accountant.

Mark Donohoe

Director of Construction Management

As the Director of Construction Management for RENU Communities, Mark is responsible for implementing RENU’s carbon-neutral renovation programs, including infrastructure upgrades, energy efficient equipment retrofits, and renewable power generation systems.  With over 20-years of experience, Mark has managed construction projects totaling over $200 million across multiple asset classes: multifamily, office, retail, industrial, and land development. Additionally,  Mark is a licensed attorney in the state of Massachusetts.

Carbon neutral real estate

Our Commitment to
Sustainability

Sustainability is central to our purpose. As part of Taurus Investment Holdings, RENU’s model and approach are designed to protect the environment and support local communities.

Taurus strives to operate and improve real estate in a best-in-class manner, with the goal of lowering water/energy consumption, decarbonizing new and existing buildings in all asset classes and providing high quality working/living spaces for our tenants. Supporting these investment decisions is the belief that prudent management of environmental, social and governance issues can have an important impact on the creation of long-term investor value.

About RENU

Launched in 2019 as a subsidiary of Taurus Investment Holdings, RENU is leading the transition to a carbon neutral built environment.

RENU combines best-in-class technology and real estate expertise to overhaul existing properties and transform dated buildings into high-value, carbon neutral assets. Program elements incorporate comprehensive retrofits, wholesale equipment upgrades, and onsite energy generation to create a customized, carbon neutral ecosystem. RENU’s innovative solutions improve property values, decrease utility and maintenance costs, and achieve carbon neutrality at no additional expense to owners, management, or tenants.

Carbon neutral real estate

Head Office

Two International Place, Floor 27
Boston, MA 02110

For any inquiries please message:
info@renucommunities.com

Tel: +1-617-357-4440
Fax: +1-617-357-4446

Carbon neutral real estate