The Gradely Acquisition and Reposition

(April 15, 2018) —

Greenlite Holdings, LLC (“Greenlite”) announced today the acquisition and repositioning of The Gradely, a multifamily property that aligned with the company’s value-add investment strategy.

Greenlite viewed the project as an opportunity to apply disciplined underwriting, capital improvements, and active asset management to enhance the property’s overall performance over time. The repositioning effort reflected the company’s continued focus on identifying multifamily assets where thoughtful execution and operational oversight could create value.

“The Gradely was another important step in the continued development of Greenlite’s multifamily investment platform,” said Jonathan Lewis, founder and CEO. “We believed the project fit well within our value-add approach and broader long-term strategy.”

Greenlite viewed the acquisition and repositioning of The Gradely as part of its growing experience in executing multifamily renovation and operational improvement programs.

About Greenlite Holdings

Greenlite Holdings is a multifamily real estate investment firm founded in 2013, with roots in earlier operating experience dating back to 2009. The company focuses on identifying, acquiring, and repositioning underperforming multifamily assets through disciplined underwriting, hands-on asset management, and strategic capital improvements.

This communication is for informational purposes only. Forward-looking statements are subject to risks and uncertainties, and actual results may differ materially.