John Charles Maddux has served as President and CEO of Sunstone Properties Trust since its inception. He was previously President and COO of MMPI, specializing in commercial real estate acquisition, development and management. Mr. Maddux previously practiced real estate law with O'Melveny & Myers from 1986 to 1996 and served as founder and shareholder of Nevers, Palazzo, Maddux & Packard from 1998 to 2005. Mr. Maddux earned his bachelor's degree in business management and finance from Brigham Young University's Marriott School of Management and his J.D. from Brigham Young University's J. Reuben Clark Law School.
Past Speaking Events
- Multifamily Acquisition/Asset Management during Covid hosted by Sunstone Properties TrustOctober 22, 202013:30 PM - 14:00 PMKeynoteView Details
The pandemic has created significant problems for certain classes of real estate and while multifamily real estate has fared better than most, the impact of Covid on other sectors has created issues in the debt markets and in household income that has had an impact on all sectors and the economy in general. Defaults and foreclosures leading to discounted pricing have not yet occurred to any significant degree and while additional weakness is anticipated when eviction moratoriums are removed, the multifamily market is expected to remain stable due to pent up demand, agency lending and significant liquidity attracted to the sector. The reason the fallout from Covid has been limited so far is largely due to actions taken by lenders, asset managers and tenants to work cooperatively in developing payment plans and workout solutions in lieu of taking more extreme measures.
Speakers: John Maddux
About SUNSTONE PROPERTIES TRUST
Sunstone is a fully integrated real estate operator, developer and fund sponsor in business since 2012. After 30 years in the commercial real estate business, the founders of Sunstone chose workforce multifamily housing as a sector because of its solid performance throughout varying economic cycles. Sunstone performs its own architectural design work, construction, asset management and fund management to achieve maximum efficiency, cost containment and investor returns. Its acquisition team sources transactions with proprietary software and a network of local brokers. Capital markets works with investors and lenders to optimize Sunstone's access to debt and equity. Risk is managed through a comprehensive due diligence and underwriting process with investment committee oversight. Hands-on portfolio management is effected from acquisition through disposition. Sunstone's markets include Texas, Florida, California, Arizona and Nevada.