This is heating up... "FBI Atlanta confirmed their agents were there at the address of Cortland Management offices in Atlanta. Cortland is a company that manages apartment complexes all over the country, including dozens in Metro Atlanta." _______________________________________________________________________ What is this all about? "The complaint asserts that Defendants, including those listed below, conspired to use RealPage’s so-called “revenue management” service to set rental prices and restrict the supply of available rental units in major metropolitan areas across the United States. Plaintiffs contend that by using this conspiracy to stifle competition, Defendants inflated rents to supra-competitive levels and unlawfully suppressed the supply of rental housing, injuring the plaintiffs and thousands of renters across the United States. Defendant RealPage was a public company from 2010 until 2020, when it was purchased by private equity firm, Thoma Bravo, in a transaction that valued RealPage at approximately $10.2 billion. The Lessor Defendants are some of the largest owners and managers of rental real estate in the United States. Counsel represents the plaintiffs who filed this suit, as well as a proposed class of similarly situated individuals who paid inflated prices for the rental of real estate from the Lessor Defendants and other clients of RealPage. Who are the Lessor Defendants?  The Lessor Defendants include: Avenue5 Residential, LLC                         Avalonbay Communities, Inc. BH Management Services, LLC                    Bozzuto Management Company Camden Property Trust; UDR, Inc.                  CONAM Management Corporation Cortland Partners, LLC                           CWS Apartment Homes, LLC Cushman & Wakefield, Inc.                        Equity Residential Essex Property Trust, Inc.                         FPI Management, Inc. Greystar Real Estate Partners, LLC                 Highmark Residential, LLC Lincoln Property Co.                             MidAmerica Apartment Communities, Inc. Mission Rock Residential, LLC                     Morgan Group, Inc Morgan Properties, LLC                          Prometheus Real Estate Group, Inc. RPM Living, LLC                                Sares Regis Group Operating, Inc. Security Properties Inc.                          The Irvine Company, LLC Thrive Communities Management, LLC              ZRS Management, LLC https://lnkd.in/e2xGcQRR https://lnkd.in/eEZVsJiD