Adoption of Preferred Equity Financing (2018)

Phoenix, AZ — (June 15, 2018) — Greenlite Holdings, LLC (“Greenlite”), a Phoenix‑based real estate investment firm, today announced the introduction of preferred equity financing to its capital stack. This strategic shift enabled Greenlite to secure additional leverage on acquisitions while maintaining conservative debt levels and preserving investor equity. The approach was first implemented in the financing of The Gradely, with a capital structure of approximately 85 percent loan‑to‑cost comprising 70 percent senior debt and 15 percent preferred equity. Greenlite later applied a similar structure to The Restoration on Candlewood, utilizing an identical 85 percent loan‑to‑cost structure (70 percent senior debt and 15 percent preferred equity).

“Our decision to incorporate preferred equity into our financing strategy gave us more flexibility to pursue larger, higher‑quality assets while aligning the interests of all stakeholders,” said Jonathan Lewis, founder and CEO of Greenlite. “This structure allows us to optimize our capital stack, enhance returns and manage risk.”

Preferred equity financing has since become a core component of Greenlite’s value‑add strategy, enabling the firm to scale its portfolio and continue delivering outsized returns for investors.

About Greenlite Holdings

Founded in 2013 in Phoenix, Arizona, Greenlite Holdings has built a track record of transforming underperforming multifamily properties into high‑performing investments. Now headquartered in Salt Lake City, Utah, the firm uses a disciplined approach—combining underwriting expertise, operational excellence and innovative financing—to execute its value‑add strategies. Greenlite is preparing Regulation A and Regulation D securities offerings to support future growth.