Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR) to lead large-scale upgrades focused on enhanced energy conservation and carbon reductions. Approximately 60 multi-unit residential buildings across Canada will undergo retrofitting. Projects expected to result in a significant reduction of carbon emissions annually. TORONTO, May 01, 2024 (GLOBE NEWSWIRE) -- The Canada Infrastructure Bank (CIB) has reached financial close on a $70 million loan to CAPREIT to finance deep energy and decarbonization upgrades at selected buildings. Installation of new energy conservation equipment is planned to benefit residents living in approximately 14,000 suites. The projects are expected to result in the significant reduction of greenhouse gas (GHG) emissions annually, with an estimated 40 per cent average decrease in emissions across the retrofitted properties. Building upgrades include energy recovery among various mechanical systems, installation of high-efficiency electric heat pumps, as well as building automation systems, lighting retrofits and sub-metering. The retrofitting of existing buildings, which represent a ...