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.