FTC Prepares to Sue Largest U.S. Apartment Landlord Greystar Over Hidden Fees, Reports Say
- The Federal Trade Commission plans to file a lawsuit against apartment management company Greystar, which manages thousands of apartments in Metro Atlanta and Georgia.
- The FTC accuses Greystar of hiding mandatory fees for renters and using deceptive pricing practices, according to Forbes.
- The lawsuit claims Greystar falsely advertised rental prices by not informing potential tenants of mandatory fees, as reported by Bloomberg.
- Greystar is also named in a separate antitrust lawsuit filed by the Department of Justice against RealPage, alleging unlawful schemes to decrease competition among landlords in apartment pricing.
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FTC to sue property management company Greystar that operates in the Carolinas: Reports
(QUEEN CITY NEWS) -- The Federal Trade Commission plans to file a lawsuit against corporate landlord Greystar, according to reports by the Wall Street Journal and Bloomberg. Greystar is the largest property management company in the U.S. and operates thousands of properties across the Carolinas. MORE: Renters hopeful after NC AG sues landlords accused of illegally raising rent According to the Wall Street Journal, the company is being accu…
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Greystar to Face FTC Lawsuit Over Misleading Rental Fees
Greystar is set to face a federal lawsuit as soon as this week over allegations the nationwide developer and manager of apartment buildings stuck renters with millions of dollars in hidden fees, according to people familiar with the probe.
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