Name: Seattle renters sue leasing companies for allegedly inflating rent prices artificially
Uploaded: 2022-11-17T06:53:28Z
Channel: TEGNA

Kurator

For Seller Marketplace

Request License

> Media Pool

> Seattle renters sue leasing companies for allegedly inflating rent prices artificially

Seattle renters sue leasing companies for allegedly inflating rent prices artificially

Clip ID 2333334

Clearance

Add to

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

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

Station

KING

Keywords

economy money

Add to Review Link

Add to Review Link