After breaking ground in early 2023, the project has reached full certificate-of-occupancy status and is actively leasing. The Stately Queen Creek represents a flagship execution for Ascent's build-to-rent strategy — a segment the firm has identified as undersupplied relative to sustained demand for single-family rental product.
A Thesis Delivered
Queen Creek has been among the fastest-growing municipalities in the nation for five consecutive years. Employment growth, young-family migration, and continued infrastructure investment have combined to create conditions where high-quality rental product with private outdoor space and the feel of a single-family home commands a premium.
The Stately was designed specifically for this demand profile. Every residence includes a private yard, attached garage, and designer-curated interior finishes. Residents enjoy a resort-style pool, a designer clubhouse with co-working lounge, pickleball courts, and a pet park.
Ahead of Schedule, Under Budget
The project was delivered on an accelerated schedule with Ascent Construction Group managing the build in-house. Strong sub-contractor partnerships, disciplined schedule management, and integrated pre-construction planning allowed the team to mitigate common delivery risks.
Early lease-up metrics are outperforming original underwriting. The community has already surpassed pre-leasing projections and is tracking ahead of stabilization expectations.
What's Next
The Stately Queen Creek delivery caps a strong year of completions for the firm. With The Aster at Mountain Vista and Amavida Marana also delivered in 2024, Ascent now has nearly 550 units stabilized in under 24 months — and another 827 units progressing through active construction.
- The Stately Avondale — 286 units under construction
- Monarc on Roosevelt — 113 townhomes under construction
- The Stately Mystic Townhomes — 140 townhomes under construction
- The Stately Mystic Apartments — 288 units under construction
Investor inquiries for current and upcoming opportunities can be directed to the team via our contact page.