Cortland Biltmore Place is one of 18 properties in Arizona run by Cortland Management.
The Atlanta-based company's corporate office was raided in May 2024 as part of an FBI investigation into rental price-fixing scheme.
Federal agents raided a property management company operating in Arizona as part of an investigation into price-fixing rent, marking a distinct escalation in the renewed push to enforce consumer protection laws.
Cortland, an Atlanta-based property management company, joins nine other real estate conglomerates under investigation for creating a rental monopoly, resulting in rents across Arizona going up by more than 30% since 2022.
“The conspiracy allegedly engaged in by RealPage and these landlords has harmed Arizonans and directly contributed to Arizona’s affordable housing crisis,” said Mayes.
“This conspiracy stifled fair competition and essentially established a rental monopoly in our state’s two largest metro areas.”.
Anyone who suspects their current or former landlord was involved with the scheme can file a complaint with the Attorney General’s Office here. »
