Overview

• 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.