Image courtesy of Taurus Investment Holdings

One of the largest apartment complexes in MetroWest will be rebranded and receive new energy-efficient building systems after its recent acquisition by a joint venture.

Boston-based Taurus Investment Holdings and Kayne Anderson Real Estate of Boca Raton, Florida plan a series of rolling renovations to the 1,020 apartments at Halstead Framingham, a 1974-era complex at 1610 Worcester Road. The property will be renamed The Green at 9 & 90.

Replacement of electric resistance baseboard heating and air conditioning systems, and the installation of a new rooftop solar photovoltaic system, is expected to reduce the complex’s greenhouse gas emissions footprint by up to 50 percent, developers said.

“It has older antiquated HVAC equipment, and we’ll come in and upgrade the individual tenants’ heating and cooling systems and bring in renewable energy,” said Nick Clark, Taurus’ managing director of acquisitions. “The tenants pay their own utilities, so to the extent we can upgrade the property and make it more efficient, the tenants will stand to do better.”

Occupancy at the Framingham complex remained above 90 percent throughout the pandemic, Clark said, reflecting the resiliency of suburban multifamily rental properties.

Terms of the transaction were not disclosed. Wells Fargo Bank granted a $264.3 million mortgage for the property on April 13, according to a Middlesex County Registry of Deeds filing.

Taurus’ renewable energy subsidiary, RENU Communities, specializes in acquiring multifamily and commercial properties that are overdue for building system upgrades. Previously, RENU acquired the 300 Baker Ave. office building in Concord, the Chestnut Place apartment complex in Ashland and the South Winds apartments in Fall River, along with properties in Arizona and Florida.