Sunstone Two Tree Expands Its Reach with New Phoenix Office Opening

Sunstone Two Tree, a prominent developer and operator of rental housing communities, has officially opened a new office in Phoenix, Arizona. This strategic move comes as part of the company's initiative to enhance its operations within the state, particularly focusing on its build-to-rent (BTR) housing projects. The new office, located in the bustling Promenade office park in North Scottsdale, is expected to streamline support for the growing number of developments underway in the vibrant metropolitan area.

Since the inception of Sunstone Two Tree in 2012, the company has established a strong reputation in the real estate sector, specializing in markets marked by significant growth across the United States. Scott Maddux, the CEO of Sunstone Two Tree, emphasizes the crucial nature of the Phoenix market for the company, stating, "With hundreds of homes already developed and even more on the way, Phoenix is an extremely important market for us."

The new office will house Sunstone's construction and planning teams, a vital part of its vertically integrated business model. This model ensures that development projects are managed in-house, providing quality control and efficiency across various stages of construction. Among the ongoing projects in the Phoenix area are Ironwood Homes at the Rosefield, featuring 320 units in Waddell; the 143-unit Villas on Van Buren in Tolleson; and an 88-unit community called Villas on 91st in Phoenix.

The company is also home to established communities like Ironwood Homes at River Run, a 103-unit property in Avondale, and a 60-unit community known as Sierra Verde in Surprise. "As the demand for rental housing increases, particularly amidst rising home prices and economic pressures that make buying a home more difficult, our mission becomes even more critical," adds Maddux.

Sunstone Two Tree aims to provide high-quality, attainable rental housing solutions that cater to both families and empty nesters. Each of their BTR developments combines the spaciousness and comforts of single-family homes with the convenience of rental living. Tenants enjoy sizable homes with yards, community amenities, and on-site property management, creating an appealing living environment.

The company's commitment to expanding its workforce aligns with its growth strategy as it navigates macroeconomic challenges that have affected many competitors in the industry. Sunstone Two Tree's focus on delivering superior rental properties, alongside increased operational capacity, signals a strong position within the housing market.

In addition, this expansion into Phoenix is indicative of Sunstone Two Tree’s broader objective—to develop communities that are safe, clean, and well-maintained. This mission not only protects investor capital but also aims to create meaningful returns through varying economic cycles.

To explore more about the company's initiatives and projects, visit Sunstone Two Tree's website.

About Sunstone Two Tree

Formed in 2023 through a merger between Sunstone Properties Trust and Two Tree Capital, Sunstone Two Tree is committed to developing and managing rental housing in promising markets throughout the country. The two former entities brought together a wealth of experience in multifamily investments and development strategies, with a dual mission to safeguard investor interests while fostering vibrant communities. Sunstone Two Tree focuses on a diversified portfolio that includes the acquisition and renovation of existing multifamily assets and the design of new single-family rentals, aimed at creating long-lasting value in the real estate market.