Overview
- Greystar agreed to pay $7 million and submit to strict limits on rent-setting tools that use competitors’ nonpublic data.
- Terms bar sharing competitively sensitive information, participation in RealPage landlord meetings, and use of pricing software that draws on rivals’ confidential inputs.
- The coalition includes attorneys general from California, Colorado, Connecticut, Illinois, Massachusetts, Minnesota, North Carolina, Oregon and Tennessee.
- Colorado is slated to receive more than $1 million for antitrust enforcement and consumer protection work under the proposal.
- The settlement requires court approval, resolves claims against Greystar, and leaves ongoing cases against RealPage and other landlords in place, with RealPage continuing to deny wrongdoing.