Managing Market Headwinds and Repositioning Highpoint Creek (2024–Present)

Oklahoma City, OK – (November 15, 2024) – Greenlite Holdings, LLC (“Greenlite”) today provided an interim update on its repositioning of Highpoint Creek Apartments.

Since acquiring the property in October 2023, Greenlite has been advancing a renovation and operational improvement program designed to reposition the 1970s community to a higher standard. Despite a more challenging market environment, including elevated interest rates, higher construction costs, and broader economic uncertainty, the company continues to execute its business plan in a disciplined manner.

To help manage macroeconomic volatility, Greenlite has focused on capital planning, contractor coordination, and active oversight of the renovation process. The repositioning program includes unit renovations, amenity enhancements, and broader property improvements intended to strengthen the community’s long-term performance.

“Challenging market conditions require discipline and adaptability,” said Jonathan Lewis, founder and CEO. “We remain focused on executing our value-add strategy at Highpoint Creek in a thoughtful and measured way.”

Greenlite continues to monitor market conditions as it evaluates the timing and pacing of the remaining business plan.

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.