The U.S. Federal Trade Commission has filed a lawsuit accusing property management company Greystar of swindling renters across the country out of at least $100 million using hidden fees.

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.

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.

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

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.

Greystar is set to face a federal lawsuit as soon as this week over allegations the nationwide developer and manager of apartment buildings stuck renters with millions of dollars in hidden fees, according to people familiar with the probe.

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

The Federal Trade Commission plans to file a lawsuit against apartment management company Greystar, which manages thousands of apartments in metro Atlanta and Georgia.