The FBI has conducted a raid on Cortland Management, a major corporate landlord, over allegations of algorithmic price-fixing collusion. This raid is part of a broader investigation into a nationwide conspiracy to increase rental prices through illegal rent hikes. The Department of Justice (DOJ) appears to be taking the issue of rent price fixing seriously. Cortland Management is allegedly involved in a scheme coordinated by software firm RealPage to raise rents across the country by manipulating prices and keeping apartments vacant. This development highlights growing concerns over monopolistic practices in the rental market and is part of a nationwide criminal probe.
It never rains, but pours. FBI this week conducted a dawn raid of corporate landlord giant Cortland Management over what’s called algorithmic price-fixing. $ABR https://t.co/vGgEJkZo3p https://t.co/gCWyAvp7yi
“CRIMINAL CONSPIRACY AMONG LARGE LANDLORDS TO JACK UP RENTAL PRICES” https://t.co/4iRLpqBb0C
Your ridiculous rent increase may be the result of a nationwide rent fixing strategy. The FBI is raiding corporate offices: Feds raid corporate landlord, escalating nationwide criminal probe of rent increases @FBI https://t.co/9fRsHH03RE
The FBI has raided landlord giant Cortland Management over algorithmic price-fixing collusion. Cortland is allegedly part of a bigger conspiracy coordinated by software firm RealPage to raise rents across the country through price-fixing and keeping apartments empty 👀…
Monopoly Round-Up: FBI Raids Big Corporate Landlord Over Nationwide Rent Hikes This is worth reading. https://t.co/uQL0VdPO9M
Looks like DOJ is serious about rent price fixing. https://t.co/MtaSWOaOk5
The FBI has raided landlord giant Cortland Management over algorithmic price-fixing collusion. Cortland is allegedly part of a bigger conspiracy coordinated by software firm RealPage to raise rents across the country through price-fixing and keeping apartments empty.
Last week's monopoly news round-up highlights the FBI raiding a big corporate landlord for illegal rent hikes, which is part of a nationwide conspiracy to increase prices on renters. https://t.co/NF7icRe5jI
The FBI just raided one of the biggest landlords in the country over rent-fixing but sure greedflation is just a populist conspiracy theory. https://t.co/aE4qhqWnUh
In Atlanta, where Cortland Mgmt is based, rents have increased **56%** since 2016, when algorithmic price fixing tools took hold. Supply and demand do not explain inflated rental prices. Rental housing cartels do, and @JusticeATR is cracking down on these criminal conspiracies. https://t.co/NPDF9e2so2