📰 🗞️ Breaking News in Multifamily: FTC Takes Aim at Industry Giant
A watershed moment for our industry: The Federal Trade Commission is preparing to file a lawsuit against Greystar, the nation’s largest apartment management company, over allegations of hidden fees practices.
This development follows last week’s expansion of the DOJ antitrust lawsuit, which added Greystar and five other major landlords to its case against RealPage regarding alleged anticompetitive pricing practices.
🤔 Why this matters:
This case could reshape fee disclosure standards across the multifamily industry
It signals increased federal scrutiny of rental housing practices
With Greystar managing nearly 800,000 units, the impact could be far-reaching
As industry professionals, this is an opportunity to evaluate our own fee disclosure practices and ensure transparency with our prospects and residents. The multifamily sector’s long-term success depends on maintaining trust with our communities.
⁉️ Do you have any thoughts on how this might impact property management practices going forward?
