In August 2024, the Department of Justice (DOJ) and eight states filed a civil antitrust lawsuit against RealPage Inc., alleging that its software
Greystar, the largest U.S. apartment owner, and Blackstone’s LivCor are among the firms added to the suit.
After suing real estate software company RealPage in late August, the U.S. Department of Justice (DOJ) expanded its lawsuit on Wednesday to include six major landlords. According to the DOJ, the landlords worked with RealPage to keep rent prices high by sharing sensitive information.
Six of the country’s most powerful landlords were named in a lawsuit brought forth by the U.S. Justice Department. Blackstone, Cushman & Wakefield, Greystar, Camden, Pinnacle, Willow Bridge, and Cortland were all implicated.
LANDLORDS WITH TIES to Silicon Valley have been targeted by the U.S. Justice Department in its growing effort to to stop property owners from using tech software to influence rent prices. Federal officials on Tuesday added six corporate landlords to an existing lawsuit against RealPage,
The amended complaint alleges RealPage coordinated with big landlord companies in an unlawful scheme to decrease competition among landlords and force tenants to pay higher rents for apartment housing.
The DOH had sued property management software company RealPage of letting landlords collude by sharing their pricing information with the company’s software, which then recommends rent
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Federal prosecutors sued the real estate software company RealPage in August, now they're suing some of the company's biggest customers.
The U.S. Department of Justice has expanded its lawsuit over price fixing in the house rental market, accusing Dallas-based Willow Bridge and five of