(March 1, 2023) — Greenlite Holdings, LLC (“Greenlite”) today announced the successful repositioning and sale of The Restoration on Candlewood, a multifamily community in Oklahoma City.
The sale closed on March 21, 2023 and represented an important milestone in Greenlite’s value-add strategy. Through a combination of capital improvements, operational execution, and active asset management, Greenlite repositioned the property and improved its overall performance prior to disposition.
“The Restoration on Candlewood was a meaningful project for our team and an important example of the type of hands-on execution that defines Greenlite’s approach,” said Jonathan Lewis, founder and CEO. “We believe the outcome reflects the value of disciplined underwriting, thoughtful repositioning, and sustained operational focus.”
Greenlite views the successful execution of the Candlewood business plan as an important step in the continued refinement of its multifamily investment strategy. The experience gained through the project has helped inform the company’s broader approach to identifying and repositioning underperforming multifamily assets in select target markets.
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. Past performance is not necessarily indicative of future results.
More About Greenlite
Learn more about our approach, our experience and the outcomes of our strategy.