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What will be the outcome for RealPage executives by end of 2024?
4
Resolution / Starting Odds
Criminal charges filed • 33%
Civil penalties imposed • 33%
No action taken • 34%
Official court documents or news reports from credible sources
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FBI Raids 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 price-fixing in the multifamily housing market. The investigation is part of a broader nationwide crackdown on a conspiracy to artificially inflate rental prices. Reports indicate that the conspiracy involves coordination with the software firm RealPage, which allegedly facilitated the collusion by sharing pricing information and keeping units off the market. This practice, which began in 2016, has raised concerns about its impact on rental values and the financial stability of property owners. The FBI's actions highlight the severity of the alleged rent hikes and their widespread implications.
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Charged with fraud • 33%
No legal action taken • 33%
Settles out of court • 33%
Criminal charges • 33%
Civil lawsuits • 33%
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No charges • 33%
Fines imposed • 33%
Executives charged • 34%
No action taken • 33%
Formal investigation launched • 33%
Lawsuit filed against companies • 34%
Charged with a crime • 33%
Civil lawsuit • 33%
No legal action • 34%
No legal action • 33%
Civil lawsuit • 33%
Criminal charges • 34%
No charges filed • 33%
Charged but not convicted • 33%
Convicted • 34%
