Sunstone Two Tree Announces Leadership Transition

John Maddux becomes executive chairman; President Scott Maddux appointed CEO

WESTLAKE VILLAGE, California., May 30, 2024 /PRNewswire/ — Sunstone Two Tree, a developer and operator of rental properties in high-growth markets throughout the United Statesannounced today that it is its co-founder and CEO Johannes Maddux The transition to the role of Executive Chairman will be effective June 18, 2024 to fulfill a calling to serve as mission president of the Costa Rica San Jose West Mission for The Church of Jesus Christ of the Latter-day Saints. He will hold this position for three years. The current president of Sunstone Two Tree Scott Maddux will take on the role of CEO based at the company Westlake Village, Californiaheadquarters.

“I look forward to this new chapter and the opportunity to work with the young missionaries and the wonderful people of Costa Rica,” said Johannes Maddux, co-founder and current CEO of Sunstone Two Tree. “At the same time, I look forward to continuing the work we have begun in my new role as Executive Chairman. I am proud of Sunstone Two Tree, our management team, and everything we have accomplished since our founding in 2012. The Company has grown into a formidable owner, operator and fund manager in the rental housing sector and has successfully expanded during a challenging period for the real estate sector.”

Scott Maddux has since been president of Sunstone Two Tree March 2023. He joined the company as a result of the merger between Sunstone Properties Trust and Two Tree Capital, the latter of which he co-founded to enter the emerging build-to-rent market. Before founding Two Tree Capital, Maddux was a senior vice president at Oaktree Capital in Los Angeles and also worked on the real estate teams of Blackstone and Goldman Sachs New York City.

“I am grateful for the opportunity to lead the company into its next phase of growth,” he said Scott Maddux. “We are fortunate to have an incredibly talented group of individuals working at this company and I look forward to continuing to develop and expand the team as we scale our platform.”

For more information, visit www.sunstonetwotree.com.

About Sunstone Two Tree
Sunstone Two Tree is a vertically integrated real estate operator and developer focused on rental properties in high-growth markets the United States. Sunstone Two Tree was created in 2023 as a result of the merger between Sunstone Properties Trust, an owner, operator and fund manager founded in 2012 with deep expertise and a successful track record in multifamily investments, and Two Tree Capital, a buyer and developer of multifamily properties (BFR) communities.

Sunstone Two Tree acquires, renovates and manages existing multifamily properties while developing dedicated single-family rental communities. Sunstone Two Tree is located in Westlake Village, CA is driven by a two-pronged mission: 1) to protect investor capital and deliver compelling returns at every stage of the economic cycle, and 2) to create and operate safe, clean, and well-maintained rental communities for individuals and families.

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SOURCE Sunstone Two Tree