Loading...
Market
Actions taken by other corporate landlords involved in rent hikes by mid-2025
4
Resolution / Starting Odds
No action • 33%
Settlements reached • 33%
Fines or charges • 34%
Official announcements from the Department of Justice or court records
Story
FBI Raids Corporate Landlord Cortland Management Over Nationwide Rent Hikes and Price-Fixing Allegations
Jun 3, 2024, 01:57 AM
The FBI has conducted a raid on Cortland Management, a major corporate landlord, over allegations of illegal rent hikes and price-fixing. This action is part of a broader investigation into a nationwide conspiracy involving several large corporate landlords and the software firm RealPage. The conspiracy allegedly began in 2016 and involves sharing pricing information and keeping units off the market to artificially inflate rental prices. The coordinated effort has led to significant rent increases across the country, impacting renters nationwide. The FBI raids are part of efforts to address these nationwide rent hikes.
View original story
Similar markets
Settlement Reached • 50%
No Settlement Reached • 50%
Federal Intervention • 50%
No Federal Intervention • 50%
Landlords Win All Cases • 25%
Landlords Win Some Cases • 25%
Renters Win All Cases • 25%
Renters Win Some Cases • 25%
Adopt similar settlements • 33%
Fight in court • 33%
No significant action • 34%
Significant Increase • 25%
Moderate Increase • 25%
No Change • 25%
Decrease • 25%
Significant decrease (>10%) • 33%
Moderate decrease (5-10%) • 33%
No significant change (<5%) • 34%
Mostly Favorable • 25%
Somewhat Favorable • 25%
Somewhat Unfavorable • 25%
Mostly Unfavorable • 25%
Increase in rental prices • 33%
Decrease in rental prices • 33%
No significant change • 34%
Fines imposed • 33%
Criminal charges filed • 33%
No action taken • 34%
Sues additional companies • 33%
Focuses on existing settlements • 33%
No further legal actions • 34%