Sunstone Hotel Investors’ Sunstone Two Tree Expands Arizona Operations with New Office
- Sunstone Two Tree opens a new office in North Scottsdale to enhance operations in Arizona's rental housing market.
- The company aims to streamline construction and planning processes to support its growing build-to-rent development pipeline.
- Sunstone Two Tree is expanding its portfolio and workforce to meet rising demand for rental properties in key markets.
Sunstone Two Tree Expands Footprint in Arizona with New Office Opening
Sunstone Two Tree, a prominent developer and operator of rental housing communities, inaugurates a new office in North Scottsdale, Phoenix, to bolster its operations in Arizona. This strategic move supports the company's ambitious build-to-rent (BTR) development pipeline, reflecting its commitment to addressing the increasing demand for rental housing in high-growth markets. Founded in 2012, Sunstone Two Tree has made significant inroads in various U.S. regions, with a particular emphasis on the Phoenix metropolitan area, where both job opportunities and population growth continue to flourish.
The decision to establish a new office in Scottsdale underscores the importance of the region in Sunstone Two Tree's broader strategy. CEO Scott Maddux identifies Phoenix as a key market, where economic challenges have made homeownership increasingly difficult for many residents. By expanding its operational capacity, the company aims to streamline its construction and planning processes, which are essential for delivering its various projects. This new base will serve as a hub for Sunstone’s growing team, enhancing collaboration and efficiency as they tackle multiple developments simultaneously.
Among the notable projects in the pipeline are the expansive 320-unit Ironwood Homes at the Rosefield in Waddell, the 143-unit Villas on Van Buren in Tolleson, and the 88-unit Villas on 91st in Phoenix. In addition to these new developments, Sunstone Two Tree manages established communities, such as the 103-unit Ironwood Homes at River Run in Avondale and the 60-unit Sierra Verde community in Surprise. The BTR model that Sunstone embraces offers the advantages of single-family living, appealing to a diverse demographic, including families and empty nesters who seek the flexibility that renting provides.
In the current market landscape, where many operators face significant challenges, Sunstone Two Tree's growth trajectory stands out. The company is not only expanding its portfolio but also increasing its workforce, positioning itself to capitalize on the ongoing trends in rental housing. As demand for BTR properties continues to rise, Sunstone is well-positioned to meet the needs of an evolving housing market.
In summary, the opening of the North Scottsdale office marks a significant milestone for Sunstone Two Tree as it seeks to enhance its presence in Arizona's vibrant rental housing sector. The company's focus on strategic expansion and development reflects its commitment to providing quality living options in a rapidly growing market. For more information about their projects and operations, visit their website at https://sunstonetwotree.com/.