DOJ Expands Antitrust Lawsuit to Six Major Landlords Over Alleged Rent Price Fixing
The lawsuit accuses landlords of using RealPage software and shared data to coordinate rent hikes, impacting over 1.3 million rental units across 43 states.
- The Department of Justice has amended its antitrust lawsuit against RealPage to include six prominent landlords accused of colluding to inflate rent prices.
- The landlords named in the lawsuit—Greystar, LivCor, Camden, Cushman & Wakefield, Willow Bridge, and Cortland—collectively manage over 1.3 million rental units nationwide.
- The DOJ alleges that these companies used RealPage's pricing algorithms and shared sensitive data to avoid competition and maintain high rents, harming millions of renters.
- Cortland has agreed to a proposed settlement, pledging to stop using third-party pricing software and sharing sensitive data, pending court approval.
- RealPage and several landlords deny wrongdoing, attributing rent increases to housing supply issues and defending their use of pricing tools as legal and pro-competitive.
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