The Committee on Foreign Investment in the United States is reviewing the purchases of land by Flannery Associates, a limited liability company registered in Delaware whose owners are publicly unknown.1<p>The company, who paid about $800 million for land purchased since 2018, is accusing a group of California landowners of conspiring to inflate the price of their land by hundreds of millions of dollars.2<p>Last month, the Wall Street Journal reported that government officials remained unaware of the owners’ identities.3<p>An investigation by the U.S. Air Force is ongoing.<p>1 <a href="https://www.sfgate.com/bayarea/article/someone-bought-52000-acres-in-the-bay-area-18296921.php" rel="nofollow noreferrer">https://www.sfgate.com/bayarea/article/someone-bought-52000-...</a><p>2 <a href="https://www.reuters.com/legal/litigation/some-california-landowners-fight-while-other-settle-510-mln-antitrust-lawsuit-2023-08-07/" rel="nofollow noreferrer">https://www.reuters.com/legal/litigation/some-california-lan...</a><p>3 <a href="https://www.wsj.com/articles/investors-bought-nearly-1-billion-in-land-near-a-california-air-force-base-officials-want-to-know-who-exactly-they-are-fd868e38" rel="nofollow noreferrer">https://www.wsj.com/articles/investors-bought-nearly-1-billi...</a>
>A lawyer who represents the Flannery group told the Journal that 97% of the investors are American, with British and Irish investors making up the other 3%, but that information has not been independently verified