US EditionLargest US landlord to pay $7 million to settle rent‑setting algorithm lawsuit
The $7 million settlement restricts Greystar's use of rent-pricing algorithms amid allegations of coordinating rent hikes across nine states, impacting nearly 950,000 units nationwide.
- When corporate landlords share private data and use algorithms to coordinate and jack up rent prices, renters pay the price, Colorado Attorney General Phil Weiser said.
- Greystar, the largest landlord in the country, agreed to pay $7 million to settle a lawsuit over using software that incorporates non-public data from other landlords to set higher rents.
- Under the settlement terms, Greystar is prohibited from using revenue management software that incorporates competitively sensitive data from rivals to generate pricing recommendations.
44 Articles
44 Articles
Largest US landlord to pay $7 million to settle rent‑setting algorithm lawsuit
By R.J. RICO Greystar, the nation’s largest landlord, has reached a $7 million settlement with nine states that sued the property management giant for using rent-setting algorithms that officials have blamed for driving up housing costs. The proposed settlement, filed Tuesday in a North Carolina federal court, is the latest to result from antitrust lawsuits targeting RealPage and similar software companies. Prosecutors argue the products help ri…
Oregon, other states reach $7 million settlement of rental price-fixing lawsuit against nation's largest landlord
SALEM, Ore. (KTVZ) – Oregon Attorney General Dan Rayfield announced Wednesday a bipartisan coalition of nine states have filed a proposed $7 million settlement with the nation's largest landlord, part of their enforcement efforts targeting price-fixing on housing rental prices across the country. Greystar Management Services LLC reached a non-monetary settlement with the U.S. Department of
Nation’s largest landlord agrees to $7 million settlement in rent‑setting algorithm lawsuit
Greystar, the nation’s largest landlord, has reached a $7 million settlement with nine states, including Oregon, that sued the property management giant for using rent-setting algorithms that officials have blamed for driving up housing costs.
Charleston's Greystar to pay $7M to settle rent‑setting algorithm lawsuit
NEW YORK — Greystar, the nation's largest landlord, has reached a $7 million settlement with nine states that sued the Charleston-based property management giant for using rent-setting algorithms that officials have blamed for driving up housing costs.
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