Overview

• The proposed consent decree would ban Greystar from using any pricing algorithms that draw on competitors’ sensitive data or embed anticompetitive features.
• The settlement would bar the landlord from sharing competitively sensitive information with rival operators or attending RealPage-hosted landlord meetings.
• The agreement would require Greystar to accept a court-appointed monitor for noncertified pricing software and assist the Justice Department’s monopolization claims against RealPage.
• Greystar has also reached an in-principle settlement with tenant attorneys seeking monetary damages over alleged collusion in rent setting.
• A 60-day Tunney Act comment period will determine whether the decree moves to final court approval.