Sunstone Two Tree to Deliver 550 Phoenix-Area BTR Homes

Sunstone Two Tree to Deliver 550 Phoenix-Area BTR Homes
News| January 6, 2026| Mike Boyd
Phoenix & Southwest + Apartment Buildings

Sunstone Two Tree is delivering homes across three new communities in Phoenix. When fully delivered, they will total more than 550 new rental homes. In addition to delivering new homes, the company has closed on a new 20.86-acre lot in Buckeye. The company broke ground on a 238-unit BTR project in Buckeye with construction set to kick off next month. Sunstone paid $8.9 million for the 21 acres where the units are going up.

The three communities where Sunstone is now delivering homes are located in Waddell, Tolleson and Phoenix. Sunstone Two Tree announced plans for the three new communities in September 2023 and began construction the following month. The largest of the three is a 29-acre project called Ironwood Homes at the Rosefield in Waddell. The company has delivered 132 of the 320 planned homes so far and expects to deliver the rest by September 2026.

The project is being developed in collaboration with Capital Square. 

Other News

Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants

New York & Tri-State + Apartment Buildings

BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...

Learn more

80-Unit Seniors Housing Development Opens in Suburban Chicago

Chicago & Midwest

Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened.  Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...

Learn more

312-Unit Multifamily in Indiana Changes Hands

Chicago & Midwest + Apartment Buildings

Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up