Holualoa Companies acquires significant stake in Greenlight Communities

AZBigMedia

AZBigMedia

Holualoa Companies has acquired a significant share of a dynamic Scottsdale-based company that is building an innovative new type of multifamily residential product in the Valley.

Greenlight Communities is developing new rental apartment projects under the Cabana brand that provide an attainable rental solution for individuals and families while creating a welcoming community environment.

Greenlight Communities has over 2,300 units under development with communities in Mesa, Goodyear, Scottsdale, Phoenix, Chandler and other Valley communities. The Greenlight team is headed by Rob Lyles, Patricia Watts and Dan Richards, the team behind Deco Communities.

“We are excited about the opportunity to partner with Greenlight Communities and proud to be part of the solution to deliver modern, attainable housing in the Valley.” said Aroon Chinai, Chief Investment Officer for Holualoa Companies. “We believe very strongly in their product, people and culture and felt investing and partnering with Greenlight would be beneficial for both our companies and our community.”     

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