Acquisition of The Restoration on Candlewood (February 2020)

(February 14, 2020) —

Greenlite Holdings, LLC (“Greenlite”) announced today the acquisition of The Restoration on Candlewood, a multifamily community located in Oklahoma City.

The acquisition represented another step in Greenlite’s strategy of identifying and repositioning underperforming multifamily assets in select target markets. Greenlite viewed the property as a value-add opportunity where disciplined underwriting, capital improvements, and active asset management could support a broader repositioning effort over time.

“We believed Candlewood aligned well with Greenlite’s value-add approach and long-term investment strategy,” said Jonathan Lewis, founder and CEO. “The acquisition reflected our continued focus on multifamily opportunities where hands-on execution and thoughtful repositioning could create value.”

Greenlite expected to evaluate a renovation and operational improvement program designed to enhance the property’s overall performance and resident experience.

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.

This communication is for informational purposes only. Forward-looking statements are subject to risks and uncertainties, and actual results may differ materially.