Description
Colorado is among 10 states and commonwealths joining a federal lawsuit accusing six major landlords of sharing sensitive information as part of a price-fixing scheme to inflate rents.
The U.S. Department of Justice alleges massive landlords – Greystar Real Estate Partners, Blackstone’s LivCor, Camden Property Trust, Cushman & Wakefield Inc and Pinnacle Property Management Services, Willow Bridge Property Company, and Cortland Management – colluded to decrease competition and set rental prices, by sharing competitive information about rents, occupancy levels, and pricing strategies.
Read more at: https://www.9news.com/article/money/consumer/doj-realpage-lawsuit-greystar-landlords-collusion-rent-price/73-0840b344-1ac4-45a4-80e7-d048820eabb1
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