U.S. property management company Greystar swindled renters across the country out of hundreds of millions using deceptive advertising and hidden fees, according to a lawsuit filed Thursday by the U.S. Federal Trade Commission and Colorado.
The lawsuit arrive as renters gasp for air in America’s squeezed housing market and federal officials move to intervene. The Biden administration last week accused several major landlords and property managers, including Greystar, of scheming together to keep rents high in a sweeping lawsuit.
