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.

The antitrust and consumer protection agency accused Greystar Real Estate Partners of deceptive pricing, charging tenants millions of dollars in unadvertised fees.

The FTC is accusing Greystar, an apartment firm with a major Houston presence, of charging renters millions in hidden fees. How common are junk fees in Texas?

The Federal Trade Commission and the State of Colorado filed a complaint against the rental property manager alleging it has added hidden fees since at least 2019 that cost consumers hundreds of millions of dollars.

The Federal Trade Commission will reportedly allege the apartment management company falsely advertised rental prices by not including mandatory fees.

Colorado and the FTC say Greystar Real Estate and Property fraudulently advertises low rent prices to potential customers, only to add tens if not hundreds to the monthly rent cost with hidden fees.

The suit accuses the company of falsely advertising rental prices by failing to inform renters of numerous mandatory fees.

The antitrust agency recently created a rule regarding junk fees, but its application to the multifamily sector is unclear.

The FTC said property manager Greystar charged consumers hidden fees adding up to "hundreds of millions of dollars."

Greystarwas sued by the Federal Trade Commission Thursday over allegations that the nationwide manager of apartment buildings, stuck renters with millions of dollars in hidden fees.

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