By Matt Reynolds | The Atlanta Journal-Constitution
The federal government’s antitrust investigation into price fixing in the rental market appears to have found a fulcrum in Atlanta after a surprise FBI raid of multifamily property developer Cortland Management.
The May 22 search comes as the Biden administration’s Justice Department has reportedly deepened its price-fixing probe into Texas-based tech company RealPage over its rental pricing software and whether it colluded with landlords to raise rents.
In a statement to The Atlanta Journal-Constitution, Cortland Management said that the FBI had executed a limited search warrant at the company’s Atlanta office as part of the Justice Department’s investigation “into potential antitrust violations in the multifamily housing industry.”
“We are cooperating fully with that investigation, and we understand that neither Cortland nor any of our employees are ‘targets’ of that investigation. Due to the ongoing litigation, we cannot comment further at this time,” the company said in the emailed statement.
Read the full article here.
1 Comment
Again, they are not addressing the actual proposed charter amendment (which effectively in itself is illegal) and instead are only speaking to the ballot initiative. This is so disingenuous. Yes, the city may have the right to place this yes or no question on the ballot for city voters but that has nothing to do with whether or not the proposed charter amendment is even legal per state law….it isn’t. This is a PR stunt…a Hail Mary pass