Who Owns Album?

Greystar publishes a corporate ESG report covering all its brands, including Album. The 2024 Greystar Sustainability Report, available at greystar.com, documents energy efficiency programs, water conservation targets, and social impact initiatives across the company's portfolio.

Album communities participate in Greystar's broader energy and water management programs. These include LED lighting retrofits, high-efficiency HVAC systems, and water-saving fixtures. Greystar has not published Album-specific sustainability data separately from its company-wide reporting.

No third-party environmental certification such as LEED or ENERGY STAR has been confirmed for Album communities specifically. Greystar has pursued green building certifications at the asset level on certain properties, but Album-specific certification data is not publicly available as of May 2025.

Album is a relatively young brand, launched in 2020, and has not accumulated a significant independent awards record as of May 2025.

Greystar as a company has received recognition from the National Multifamily Housing Council and various regional real estate associations for operational excellence and portfolio scale. Those recognitions cover Greystar's overall portfolio rather than Album specifically.

Senior Housing News, a trade publication covering the seniors housing sector, has featured Album communities in reporting on the growth of mid-market active adult housing as a segment. These are editorial mentions, not awards.

Album itself has not been subject to recalls or enforcement actions as of May 2025. As a residential housing brand, it is not subject to product safety recalls in the traditional sense. Greystar as a parent company has been subject to several significant legal and regulatory actions that affect all its brands including Album.

FTC deceptive advertising settlement (2024): The Federal Trade Commission reached a settlement with Greystar requiring the company to pay $24 million and to stop advertising rents that did not include mandatory fees. The FTC complaint alleged that Greystar advertised base rents while burying mandatory fees in fine print, making it difficult for consumers to understand the true monthly cost. This settlement applies to Greystar's entire residential portfolio, including Album communities.

California Attorney General settlement (2024): A coalition of nine state attorneys general, led by California's Rob Bonta, reached a $7 million settlement with Greystar over rental housing advertising and fee disclosure practices. The settlement requires Greystar to disclose all mandatory fees upfront in advertising. This applies to Album communities in participating states.

Department of Justice antitrust matter: The DOJ reached a proposed settlement with Greystar related to the use of algorithmic pricing software to set rents. The DOJ alleged that using shared pricing algorithms with competitors could constitute anticompetitive coordination. As of May 2025, the settlement had been proposed but was subject to court approval. This matter involves Greystar's overall pricing practices and is not specific to Album.