Who qualifies for the Bridge Investment Group security deposit settlement?

The class generally includes Florida tenants who rented at a property owned or managed by Bridge Investment Group Holdings LLC between July 2021 and January 2026 and had all or part of their security deposit retained without the certified-mail notice Florida law requires. Check your mailed or emailed Class Notice or the official settlement website, MihalceanSettlement.com, to confirm your eligibility.

Do I need to file a claim to get paid?

No. There is no claim form. If the Court grants final approval and you do not opt out, the Settlement Administrator will automatically send your payment. You do not have to do anything to receive it, but make sure the administrator has your current mailing address.

How much is the settlement and what will I get paid?

The settlement fund is $700,000. After Court-approved deductions, each eligible class member who does not opt out is expected to receive an equal share, estimated at about $107. The exact amount depends on the final number of participating class members and the deductions the Court approves.

What is the deadline to opt out or object?

The deadline to exclude yourself from the settlement (opt out) or to object is August 4, 2026. If you do nothing, you stay in the settlement and receive your automatic payment.

When is the final approval hearing?

The Final Approval Hearing is scheduled for August 18, 2026 at 9:30 a.m. via Zoom in the Circuit Court of Hillsborough County, Florida. Payments are sent only after the Court grants final approval and any appeals are resolved. Hearing dates can change, so check the official settlement website for updates.

Bridge Investment $700K FL Security Deposit Settlement

By Steve Levine

Bridge Investment Group Florida tenant security deposit class action settlement

Published: June 11, 2026

Status Pending Final Approval No claim form needed · final approval hearing August 18, 2026

Settlement Fund $700,000 Each participating class member receives an equal share, estimated around $107

Claim Form Not Required Payments are sent automatically to class members who do not opt out

Proof Required No Eligibility comes from the landlord's tenant and deposit records

Opt-Out / Object By August 4, 2026 Only if you want to exclude yourself or object — otherwise do nothing

What Is the Bridge Investment Group Security Deposit Settlement About?

You may be part of a $700,000 class action settlement if you were a tenant at a Florida rental property owned or managed by Bridge Investment Group Holdings LLC between July 2021 and January 2026 and the company kept all or part of your security deposit.

The lawsuit, Dana Mihalcean v. Bridge Investment Group Holdings LLC, Case No. 2025-CA-006193, was filed in the Circuit Court of Hillsborough County, Florida, on behalf of Florida tenants. It alleges that when the landlord or its property managers retained some or all of a tenant's security deposit after move-out, they failed to send the written notice of intent to impose a claim on the deposit by certified mail within 30 days, as the Florida Residential Landlord and Tenant Act requires. The case also raises claims under the Florida Consumer Collection Practices Act.

Bridge Investment Group denies any wrongdoing and admits no liability, and the Court has not ruled on the merits of the claims or defenses. The company agreed to settle to avoid the cost and uncertainty of continued litigation. The Court has conditionally certified the class for settlement purposes only, and the Honorable Cheryl Kendrick Thomas will decide whether to grant final approval at a hearing in August 2026.

Who Is in the Settlement Class?

The Settlement Class includes all persons in Florida who, from July 2021 through January 2026, paid a security deposit at a property owned or managed by Bridge Investment Group Holdings LLC or other Released Parties, had any portion of their deposit retained, and may not have received a certified-mail notice within 30 days of moving out of the landlord's intent to impose a claim on their deposit.

A few groups are excluded, including the judges involved in the case and their immediate families, the Released Parties and counsel of record, anyone who timely opts out, and anyone who already released these claims in a prior agreement with the defendant.

Class members are identified from the landlord's own tenant and security deposit records, so most eligible former tenants should receive a Class Notice from the Settlement Administrator. If you believe you qualify but have not received a notice, review the eligibility details on the official settlement website and contact the administrator through that site.

Under Florida Statutes section 83.49, a landlord who intends to keep any part of a security deposit must send the tenant written notice by certified mail within 30 days of move-out; a landlord who fails to do so forfeits the right to impose a claim on the deposit. That notice requirement is the heart of this case.

How Much Can You Get?

The settlement creates a $700,000 common fund. Before money is distributed, the Court will consider deductions from the fund, including attorneys' fees of up to 33% of the fund plus reasonable litigation expenses for Class Counsel (Consumer Law Advocate, PLLC), a service award of $3,500 to the class representative, and class notice and administration costs. The Court may award less than these amounts.

The remaining money is divided pro rata among all class members who do not exclude themselves. The estimated payment is about $107 per class member, which could increase or decrease by the time checks are issued depending on the final number of participating class members and the deductions the Court approves.

Renters dealing with other housing-related cases may also want to review the RealPage rental software antitrust settlement, which covers renters at properties that used RealPage pricing software.

Do I Need to File a Claim?

No. There is no claim form for this settlement.

If the Court grants final approval and you do not exclude yourself, the Settlement Administrator will automatically send your payment based on the contact information in the landlord's records and your Class Notice. You do not have to do anything to receive it.

The one thing worth doing is making sure the administrator has your current mailing address — many class members are former tenants who have moved. If your address has changed, update it through the official settlement website so your check reaches you, and cash or deposit your check promptly once it arrives, as settlement checks are only valid for a limited time.

What Are My Options?

Most class members will simply do nothing and receive a payment. You have a few other options if you want them:

• Do nothing. You stay in the settlement, receive your automatic payment, and give up the right to sue Bridge Investment Group over the security deposit claims covered by the settlement.
• Opt out. You can exclude yourself by submitting a request for exclusion by August 4, 2026. If you opt out, you will not receive a payment, but you keep your right to pursue your own claims over your deposit.
• Object. If you stay in the settlement but disagree with any part of it, you can submit a written objection to the Court by August 4, 2026, following the instructions in the Class Notice. If you also want to speak at the Final Approval Hearing, you must file a statement of your intention to appear with the Court by the same date.

When Will Payments Be Made?

The Final Approval Hearing is scheduled for August 18, 2026 at 9:30 a.m. before the Honorable Cheryl Kendrick Thomas and will be held via Zoom. At that hearing the Court will decide whether the settlement is fair, reasonable, and adequate, and how much to award Class Counsel and the class representative.

If the Court approves the settlement, payments are sent after any appeals are resolved, which can take time. Hearing dates and payment timing can change, so check the official settlement website for the most current schedule.

How Do I Get More Information?

More detail about the lawsuit and settlement, including the full class definition, key dates, and court documents, is available by:

• Visiting the official settlement website: MihalceanSettlement.com
• Reviewing the Florida security deposit statute: Florida Statutes § 83.49

Official Settlement Notice

Sources

• Official Class Action Settlement Notice and website: MihalceanSettlement.com
• Florida Residential Landlord and Tenant Act, security deposit notice requirement: Florida Statutes § 83.49
• Circuit Court of Hillsborough County, Florida, Dana Mihalcean v. Bridge Investment Group Holdings LLC, Case No. 2025-CA-006193

Filing Class Action Settlement Claims

This settlement pays eligible Florida tenants of Bridge Investment Group properties automatically. There is no separate claim form.

Always review your personal Class Notice carefully and contact the Settlement Administrator through the official settlement website if you have questions about your eligibility or payment. OpenClassActions.com is a consumer news site and is not the settlement administrator or a law firm.

For more class actions keep scrolling below.

Settlement Amount $700,000

Case Title Dana Mihalcean v. Bridge Investment Group Holdings LLC

Case Number 2025-CA-006193

Court Circuit Court of Hillsborough County, Florida

Judge Hon. Cheryl Kendrick Thomas

Final Approval Hearing August 18, 2026 at 9:30 a.m. Held via Zoom

Official Website Mihalcean Settlement