Phoenix, AZ — (August 15, 2009 – January 14, 2013) — Before forming Greenlite Holdings, founder Jonathan Lewis built a solid track record by repositioning undervalued single‑family homes and small multifamily buildings across Phoenix. Between 2009 and early 2013, he personally acquired, renovated and sold numerous properties ranging from one to four units. These early projects honed his expertise in budgeting, contractor management and tenant repositioning, while generating the capital that would later seed Greenlite’s first multifamily acquisition.
“Flipping single‑family homes and small properties taught me how to evaluate underperforming real estate and transform it through targeted improvements,” said Mr. Lewis. “Those experiences provided both the confidence and the capital needed to scale into larger multifamily projects.”
This hands‑on experience, combined with a commitment to disciplined underwriting and conservative leverage, laid the foundation for the value‑add strategy that Greenlite now employs on a larger scale. By investing his own funds and directly overseeing renovations, Mr. Lewis demonstrated early on that thoughtful repositioning could unlock significant value.
Greenlite Holdings, LLC was founded in 2013 in Phoenix, Arizona, after years of the founder’s personal real‑estate investments. The firm specializes in transforming underperforming multifamily properties into high‑performing assets through rigorous underwriting, targeted renovations and hands‑on management. Greenlite relocated its headquarters to Salt Lake City, Utah, in 2020 and continues to expand across the Southwest and Mountain West.
Learn more about our approach, our experience and the outcomes of our strategy.