A corporate landlord was raided by the FBI in a rent-fixing investigation—but renters online long fostered complaints

FBI agents raided corporate landlords Cortland Management in Atlanta on May 22, a dramatic step forward in a potential antitrust investigation into price-fixing by property management companies who control over 70% of the United States’ multi-family rental units. The raid comes amidst a class action antitrust lawsuit that has been simmering in a federal court since 2023 and alleges a conspiracy between a group of corporate landlords including Cortland Management and a constellation of heavyweights in corporate renting, including Lincoln Property Co., Equity Residential, and Morgan Properties. The lawsuit also...