Greenlite Holdings applied its proven strategy to acquire and reposition an undervalued asset in a stable, high-performing market — driving substantial growth in net operating income and asset value within a short hold period.
Greenlite invested in a full exterior renovation and implemented key upgrades to improve the building’s energy efficiency, repositioning the asset within a high-potential submarket through targeted physical and operational enhancements.
By acquiring the asset below market value and executing a full-scale renovation — including upgrades to 73 units, amenity enhancements, and major exterior improvements — Greenlite was able to reposition the property and deliver a 136% total return on equity over a short hold period.
Greenlite Holdings capitalized on an underperforming class C asset located in a desirable market. As a result of an aggressive and extensive repositioning plan, the asset benefited from a significant increase in net operating income over a three year holding period.
We value building a strong network of relationships with vetted experts in multifamily real estate whose expertise in fits into our investment strategy.