Overview
- Attorneys general from California, Colorado, Connecticut, Illinois, Massachusetts, Minnesota, North Carolina, Oregon and Tennessee filed the proposed settlement Tuesday in federal court in North Carolina, and a judge must approve it.
- Greystar would pay $7 million in penalties and fees to the states, with Colorado set to receive more than $1 million for antitrust enforcement and related consumer protection work.
- Behavioral terms bar Greystar from using revenue‑management software that relies on rivals’ nonpublic, competitively sensitive data and from sharing such information, with restrictions on RealPage‑hosted meetings and provision for a court monitor or compliance officer.
- The agreement limits pricing inputs to public information such as advertised rents and concessions and defines competitively sensitive data broadly, with enforcement set for five years subject to extension for violations.
- Greystar denies antitrust wrongdoing and previously resolved related matters, including a nonmonetary DOJ agreement in August and a separate $50 million class‑action settlement in October, while cases continue against RealPage and other landlords.