Salt Lake City, UT — (October 10, 2025) — Greenlite Holdings, LLC (“Greenlite”) is pleased to announce that it has entered into a purchase and sale agreement for a 165‑unit multifamily community located in a high‑growth submarket of [City State]*. The property, built in the early 1980s, offers a mix of one‑ and two‑bedroom units and presents a significant value‑add opportunity consistent with Greenlite’s investment thesis.
Pending due diligence, Greenlite plans to implement a comprehensive renovation program, including unit upgrades, amenity additions and energy‑efficient improvements. The company intends to finance the acquisition with a combination of senior debt and preferred equity, leveraging structures that have proven successful in prior deals. This project will follow the heavy value‑add blueprint established with Restoration on Candlewood and Highpoint Creek, and is expected to close in late 2025.
“We are excited to add another substantial asset to our pipeline,” said Jonathan Lewis. “This 165‑unit property aligns perfectly with our strategy of acquiring underperforming communities in strong markets and repositioning them to capture rent premiums and improve resident quality of life.”
*City and state details will be disclosed upon closing.
About Greenlite Holdings
Founded in 2013 in Phoenix, Arizona, Greenlite Holdings is a multifamily real estate investment firm that transforms underperforming properties into high‑performing assets through disciplined underwriting, hands‑on management and strategic capital improvements. The firm relocated its headquarters to Salt Lake City, Utah, in 2020 and continues to expand across the Southwest and Mountain West. Greenlite is preparing Regulation A and Regulation D securities offerings to support ongoing growth.
More About Greenlite
Learn more about our approach, our experience and the outcomes of our strategy.