(March 17, 2016) – Greenlite Holdings, LLC (“Greenlite”) announced today the acquisition of Catalina Vista, a multifamily property located at 8550 East Old Spanish Trail, Tucson, Arizona.
The acquisition represented an important early milestone for Greenlite and reflected the company’s commitment to pursuing multifamily opportunities through disciplined underwriting and hands-on execution. Greenlite viewed the investment as an opportunity to apply capital improvements, operational oversight, and active asset management to enhance the property’s performance over time.
“Catalina Vista was an important project in Greenlite’s early development,” said Jonathan Lewis, founder and CEO. “It reflected our conviction in multifamily value-add opportunities and helped shape the foundation of our investment approach.”
Greenlite viewed the acquisition of Catalina Vista as a meaningful step in building the operational experience and investment framework that would inform future acquisitions and repositioning efforts.
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.
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