Latitude 32 Acquisition

(January 10, 2018) —

Greenlite Holdings, LLC (“Greenlite”) announced today the acquisition of Latitude 32, a multifamily property located at 3202 North Country Club Road, Tucson, Arizona, that fit within the company’s value-add investment strategy.

The transaction represented another opportunity for Greenlite to apply its approach to underwriting, asset management, and repositioning within the multifamily sector.

“Latitude 32 reflected the type of multifamily opportunity we sought to pursue as we continued building Greenlite’s investment platform,” said Jonathan Lewis, founder and CEO. “We believed the project aligned with our long-term value-add strategy and hands-on approach to execution.”

Greenlite viewed the acquisition as part of its continued effort to identify and pursue multifamily opportunities where operational improvements and thoughtful repositioning could support long-term value creation.

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.