Renters in downtown Seattle filed a class-action lawsuit accusing 10 major leasing companies of an agreement to artificially inflate the price of residential real estate in the area. The lawsuit alleges that those who currently rent or have rented an apartment maintained by one of the 10 companies since 2010 may have paid artificially inflated rent prices. The lawsuit states that defendants Greystar, Crow Holdings, Lincoln Property Co., FPI Management, Avenue5, Equity, Essex Property Trust, Thrive, Avalonbay Communities and Security Properties Inc colluded and shared data through RealPage, effectively inflating the prices of multifamily residential real estate in and around downtown Seattle above competitive levels. READ THE FULL STORY HERE: https://www.king5.com/article/news/local/seattle/seattle-renters-lawsuit-against-leasing-companies-artificially-inflated-rent-prices/281-6e9bb105-7a58-49eb-ac0b-cd6d1a8ad457