Overview

• The settlement prohibits Greystar from using any rent-pricing software that shares nonpublic data to align rents across roughly 950,000 units.
• Greystar admitted no wrongdoing and agreed to cooperate with the Justice Department’s ongoing antitrust probe into RealPage.
• The decree requires an independent monitor for any future pricing algorithms and bars participation in RealPage-hosted pricing events.
• A federal judge in North Carolina must approve the consent decree before it takes effect.
• A separate FTC and Colorado lawsuit alleging misleading leases and undisclosed fees against Greystar remains pending with potential resolution expected soon.