Acquisition of Highpoint Creek Apartments

Oklahoma City, OK — (October 5, 2023) —

Greenlite Holdings, LLC (“Greenlite”) today announced the acquisition of Highpoint Creek Apartments, a 252-unit multifamily community located in Oklahoma City.

The transaction closed on September 8, 2023, and represents another step in Greenlite’s strategy of acquiring and repositioning underperforming multifamily assets in select target markets. The property, a 1970s-vintage community, was identified as a value-add opportunity consistent with Greenlite’s investment approach.

Greenlite expects to implement a renovation and operational improvement program designed to enhance the property’s overall performance over time. Planned efforts are expected to include unit upgrades, capital improvements, and broader operational initiatives intended to reposition the asset and improve the resident experience.

“We are pleased to add Highpoint Creek to the Greenlite portfolio,” said Jonathan Lewis, founder and CEO. “We believe the property aligns well with our value-add strategy and presents an opportunity to apply the disciplined asset management and repositioning approach that defines our platform.”

The acquisition reflects Greenlite’s continued focus on multifamily opportunities in Oklahoma and other target markets where the company believes it can create value through active ownership and hands-on execution.

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.