> Colorado joins lawsuit alleging price-fixing collusion among big landlords
Colorado joins lawsuit alleging price-fixing collusion among big landlords
Clip ID 2452376
Clearance
Add to
Share
Add to Review Link
By Request
By Request assets are not available for immediate purchase.
This content has not been pre-checked for copyright.
Per clip rates are for 20 seconds of final usage. If you are using more then 20 seconds or need a different file format or have questions about clearances contact us
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
More local videos here: https://youtube.com/@9news
Subscribe to NEXT: https://youtube.com/@Nexton9NEWS
Stay connected:
9NEWS Website: https://www.9news.com/
Facebook: https://www.facebook.com/ilike9news
Twitter: https://twitter.com/9NEWS
Instagram: https://www.instagram.com/9newsdenver/
Download the 9NEWS App: https://www.9news.com/appredirect/
Sign up for the 9NEWSLETTER: https://www.9news.com/email
9NEWS (KUSA) is located in Denver, Colorado.