Greystar Closes on Land for Active Adult Community, Album Marana

TUCSON, ARIZONA — Greystar, a global leader in the investment, development, and management of high-quality rental housing properties, recently closed on 3.9 acres of land for a 55+ Active Adult community, Album Marana, which is slated to open in late 2022. The property located at 7760  Silverbell Road in Marana sold for $1.15 million ($6.77 PSF).

The Album brand is designed to provide carefree living for 55+ active adults. Each community features new, well-designed residences, thoughtful amenities, maintenance-free living and real value. Residents live an active lifestyle and develop strong social connections to lead happier, healthier lives.

Album residences feature hand-selected amenities inside and out while complementing every aspect of an active adult’s life. Apartment homes have modern features, finishes and design with plenty of room to unwind. Greystar invites residents to take the lead in building a strong community with events, clubs, classes, activities and more.

“Album Marana will provide a perfect home for active adults who want something newer with a more involved lifestyle program to make new friends and become part of an active community,” Jon Gilbreath, Regional Property Manager said. “Marana is becoming increasingly more popular. It will be great for adult children looking for the next housing option for their parents that will keep them close to the family and their grandchildren.”

For more information on Album communities, please visit www.AlbumLife.com.

Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally. Headquartered in Charleston, South Carolina, Greystar manages and operates over an estimated $220 billion of real estate in more than 200 markets globally including offices throughout the United States, United Kingdom, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing more than 748,000 units/beds, and has a robust institutional investment management platform with approximately $45.1 billion of assets under management, including over $21.3 billion of assets under development. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

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PHOTO: Album Benbrook, Texas