Oklahoma City, OK — (November 15, 2024) — Greenlite Holdings, LLC (“Greenlite”) provided an interim update on its repositioning of Highpoint Creek Apartments. Since acquiring the property in October 2023, Greenlite has commenced renovations aimed at elevating the 1970s community to contemporary standards. Despite persistent headwinds—including rising interest rates, elevated construction costs and broader economic uncertainty—the firm remains on schedule and on budget.
To mitigate the impact of macroeconomic volatility, Greenlite leveraged fixed‑rate financing and negotiated favourable terms with contractors. The renovation, which includes energy‑efficient upgrades, amenity enhancements and comprehensive unit remodels, continues to attract strong leasing interest and supports projected rent growth. The team is closely monitoring market conditions and will adjust the exit timeline as needed to maximize investor returns.
“Challenging markets are where discipline pays off,” noted Jonathan Lewis. “We remain committed to our value‑add business plan at Highpoint Creek and are confident that our proactive approach will yield positive outcomes for residents and investors.”
About Greenlite Holdings
Founded in 2013 in Phoenix, Arizona, Greenlite Holdings specializes in value‑add multifamily investments. Having moved its headquarters to Salt Lake City, Utah, in 2020, the firm continues to expand its footprint across the Southwest and Mountain West.
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