Bridge Investment Group Holdings $700k Florida Security Deposit Settlement Tenant Eligibility, Estimated Payout, and the August 4 Deadline

The Bridge Investment Group security deposit settlement is a Florida consumer class action where eligible former tenants can receive an estimated $107 automatically from a $700,000 settlement fund — no claim form required. Bridge Investment Group Holdings LLC was sued in Hillsborough County Circuit Court for allegedly failing to follow Florida law when it kept all or part of tenants’ security deposits without proper written notice. The case, Dana Mihalcean v. Bridge Investment Group Holdings LLC, Case No. 2025-CA-006193, received preliminary court approval, with a Final Approval Hearing scheduled for August 18, 2026.

Settlement Facts: Bridge Investment Group Security Deposit Case

Field	Detail
Settlement Amount	$700,000 (Common Fund)
Estimated Payout Per Person	~$107 (may increase or decrease before checks are issued)
Claim Form Required	No — payments are automatic
Who Qualifies	Florida tenants who paid a security deposit at a Bridge-owned or managed property from July 2021 through January 2026, had any portion of their deposit withheld, and may not have received required certified mail notice within 30 days of moving out
Opt-Out Deadline	August 4, 2026
Objection Deadline	August 4, 2026
Final Approval Hearing	August 18, 2026, at 9:30 AM via Zoom
Settlement Status	Preliminarily Approved
Settlement Administrator	American Legal Claim Services, LLC
Administrator Mailing Address	Mihalcean Settlement, c/o Settlement Administrator, PO Box 23459, Jacksonville, FL 32241
Official Website	mihalceansettlement.com
Last Updated	May 23, 2026

Where the Case Stands Right Now

• The court has granted preliminary approval of the $700,000 settlement. Final approval is pending.
• The Final Approval Hearing takes place via Zoom on August 18, 2026, at 9:30 AM before the Honorable Cheryl Kendrick Thomas in the Circuit Court of Hillsborough County, Florida.
• If you want to opt out or object, you must postmark your request by August 4, 2026.
• After final approval with no appeals, payment checks will be mailed to eligible class members.

What Is the Bridge Investment Group Lawsuit About? Mihalcean v. Bridge Investment Group Holdings LLC, No. 2025-CA-006193

Plaintiff Dana Mihalcean filed this putative consumer class action lawsuit in the Circuit Court of Hillsborough County, Florida, alleging that Bridge Investment Group Holdings LLC — a major real estate investment firm that owns and manages residential rental properties across Florida — broke two state laws when it withheld tenants’ security deposits.

The first law at issue is the Florida Residential Landlord and Tenant Act, which requires landlords to send tenants a certified mail notice within 30 days of move-out if they intend to keep any portion of a security deposit. That certified mail requirement is not a technicality — it gives tenants formal written notice of the reason for the deduction and an opportunity to dispute it. The second law is the Florida Consumer Collection Practices Act, which regulates how landlords and collection-related parties interact with tenants over money owed.

Plaintiff alleges Bridge failed to send that required certified mail notice to a class of Florida tenants whose deposits were partially or fully withheld. Bridge denies all allegations and maintains it acted lawfully at all times. Both sides agreed to settle to avoid the cost and risk of trial, and Class Counsel from Consumer Law Advocate, PLLC determined the settlement is in the best interests of class members. If you’ve been following other landlord class action settlements — like the Greystar $198 million hidden fees and rent collusion case — this case follows the same pattern of large property managers allegedly cutting corners on tenant rights.

Related article: Fandango Media $9.4M Convenience Fee Class Action Settlement 2026 California Ticket Buyers and FanClub Members Can Claim Cash or a Voucher Before August 17

Are You Part of the Bridge Investment Group Settlement?

Figuring out do I qualify for the Bridge Investment Group settlement comes down to four things. Here’s exactly how the court-certified class is defined.

You may qualify if:

• You were a Florida tenant at a property owned or managed by Bridge Investment Group Holdings LLC or its affiliated entities
• You lived there at any point between July 2021 and January 2026
• You paid a security deposit and Bridge kept all or part of it when you moved out
• You did not receive certified mail notice from Bridge within 30 days of moving out informing you of their intent to keep your deposit

You do NOT qualify if:

• You are a judge presiding over this case, a Florida appellate court judge, or their immediate family members
• You are Bridge Investment Group Holdings LLC or any of its named affiliated entities
• You have already separately released your security deposit claims against Bridge in another agreement
• You choose to opt out of the settlement by August 4, 2026 — opting out means no payment, but you keep the right to sue Bridge independently

You do not need to do anything to receive your payment if you qualify and stay in the class. The settlement administrator uses Bridge’s records to identify eligible tenants and mail checks automatically. If your address has changed since you lived at the property, update it at mihalceansettlement.com or email the administrator with “Change of Address” in the subject line.

How Much Will You Get from the Bridge Investment Group Settlement?

The gross settlement fund is $700,000. Before payments reach tenants, the court will deduct:

• Attorney fees: Up to 33% of the settlement fund (approximately $231,000)
• Class Representative Award to plaintiff Dana Mihalcean: up to $3,500
• Administration and notice costs: TBD — determined at the Final Approval Hearing

After those deductions, the remaining net fund is divided pro rata among all eligible class members. The official estimated payment is approximately $107 per person, though the actual amount may increase or decrease depending on how many class members are identified and what the court approves in fees and costs.

Payment checks are valid for 90 days from the date of issuance. If you do not cash your check within 90 days, the funds revert back to Bridge. Write that 90-day window down — it matters. This kind of consumer fraud lawsuit payout is modest per person, but it reflects real violations of Florida tenant rights that affected thousands of renters across the state.

How Bridge Investment Group Settlement Payments Are Sent

You do not need to submit a claim form. Here is exactly what happens:

1. The court holds the Final Approval Hearing on August 18, 2026
2. If approved and no appeals are filed, the settlement administrator calculates each class member’s pro rata share using Bridge’s tenant records
3. The administrator mails a paper check to your address on file — make sure it is current
4. You have 90 days from the check issue date to cash it — checks that expire are forfeited back to Bridge
5. If your address has changed, update it before distribution at mihalceansettlement.com or mail a request to: Mihalcean Settlement, c/o Settlement Administrator, PO Box 23459, Jacksonville, FL 32241

Estimated time to update your address: under 5 minutes online.

Bridge Investment Group Settlement Key Dates

Milestone	Date
Lawsuit Filed	2025 (Hillsborough County Circuit Court)
Preliminary Approval Granted	Prior to May 2026 notice publication
Opt-Out Deadline	August 4, 2026
Objection Deadline	August 4, 2026
Notice of Intent to Appear Deadline	August 4, 2026
Final Approval Hearing	August 18, 2026, at 9:30 AM via Zoom
Expected Payment Date	TBD — after final approval and resolution of any appeals; checks mailed by administrator

Frequently Asked Questions

Is there a class action against Bridge Investment Group over security deposits? 

Yes. Mihalcean v. Bridge Investment Group Holdings LLC, Case No. 2025-CA-006193, was filed in Hillsborough County Circuit Court. It alleges violations of the Florida Residential Landlord and Tenant Act and the Florida Consumer Collection Practices Act. A $700,000 settlement has received preliminary court approval, with the final hearing scheduled for August 18, 2026.

Do I need to file a claim form to get my payment? 

No. This is an automatic distribution settlement. If you are an eligible class member and do not opt out, the administrator identifies you using Bridge’s records and mails your check directly. No paperwork is required to receive your share.

How much will I receive from the Bridge Investment Group settlement? 

The estimated payment is approximately $107 per person. The final amount may be higher or lower depending on the number of eligible class members and the fees and costs the court approves at the August 18, 2026 hearing.

Can I opt out of this settlement and sue Bridge on my own?

 Yes. If you opt out by August 4, 2026, you keep your right to pursue individual claims against Bridge under the Florida Residential Landlord and Tenant Act or the Florida Consumer Collection Practices Act. Opting out means you receive no payment from this settlement. Mail your written opt-out request postmarked by August 4, 2026 to: Mihalcean Settlement, c/o Settlement Administrator, PO Box 23459, Jacksonville, FL 32241.

Do I need a lawyer to participate in this settlement?

 No. Class Counsel from Consumer Law Advocate, PLLC represents all class members at no cost to you. If you want independent legal advice — particularly if you are considering opting out to pursue a larger individual claim — you may hire a consumer rights lawyer at your own expense. Class Counsel can be reached at (815) 999-9130.

When will I receive my check?

 The court must grant final approval on August 18, 2026. If no appeals follow, checks go out after the appeals period closes. Resolving appeals can take a year or more. Monitor mihalceansettlement.com for updates on the distribution timeline.

What happens if I do nothing?

 If you do nothing, you automatically stay in the class, receive your pro rata payment, and release any claims you have against Bridge related to the security deposit allegations. You give up the right to sue Bridge separately for these claims.

My check expired — can I still get paid?

No. Settlement checks are valid for 90 days from issuance. If you miss the 90-day window, the funds revert to Bridge and you cannot recover them from this settlement. Contact the administrator immediately at [email protected] if you have concerns about your check.

Sources & References

• Official Settlement Website: mihalceansettlement.com
• Official Court Documents: mihalceansettlement.com/page/docs
• Case: Dana Mihalcean v. Bridge Investment Group Holdings LLC, Case No. 2025-CA-006193, Circuit Court of the Thirteenth Judicial Circuit, Hillsborough County, Florida

Prepared by the AllAboutLawyer.com Editorial Team and reviewed for factual accuracy against the official settlement website and court documents at mihalceansettlement.com on May 23, 2026. Last Updated: May 23, 2026

Disclaimer: This article is for informational purposes only and does not constitute legal advice. Consult a qualified attorney for advice specific to your situation.