Strategic Value‑Add Focus in Underserved Oklahoma Markets

Oklahoma City, OK — (June 30, 2023) —

Greenlite Holdings, LLC (“Greenlite”) today announced the formalization of its strategic focus on heavy value-add multifamily opportunities in Oklahoma City and Tulsa.

Following its experience repositioning The Restoration on Candlewood, Greenlite identified what it believed to be an underserved segment of the market: multifamily properties requiring deeper capital investment and more comprehensive repositioning than many investors were targeting. The company’s strategy is centered on acquiring underperforming assets and repositioning them through significant renovations, operational improvements, and broader community enhancements.

“We believe there is meaningful opportunity in multifamily assets that require a more substantial value-add approach,” said Jonathan Lewis, founder and CEO. “Our focus is on applying disciplined underwriting, active asset management, and thoughtful repositioning to properties where we believe we can create long-term value.”

Greenlite’s heavy value-add strategy includes unit upgrades, amenity enhancements, energy-efficiency improvements, and other capital improvements intended to reposition properties to a higher quality standard over time. The company expects this strategic framework to guide future acquisitions in Oklahoma and other select underserved markets.

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.

Greenlite is continuing to develop the operational, governance, financial reporting, and communications infrastructure needed to support its next phase of growth and broader institutional positioning.

This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities. Forward-looking statements are subject to risks and uncertainties, and actual results may differ materially.