Cetana Development has formed a real estate investment trust focused on developing climate-friendly rental housing across Canada which prioritizes both affordability and speed of construction. Based in Toronto, Cetana REIT is launching an open-ended fundraise targeting $8 million to $10 million for its first project in Okotoks, a suburb of Calgary. The REIT then plans a second build in the Town of Innisfil, just south of Barrie and north of the Greater Toronto Area. Both of the developments will be designed to meet low-carbon building targets, and are based around mass timber, prefabrication and digital tools including smart building technology and project optimization. …The plan is to build 10 mass timber multi-use buildings with a total of approximately 580 units that will host local businesses, boutique hotels, rental apartments and condos. …Developments will target net-zero carbon, aiming for frameworks such as the Canada Green Building Council’s zero-carbon standard, One Planet Living and LEED.