DOJ Sues Major Landlords Over “Algorithmic Pricing”

Ars Technica reports:

The US Justice Department today announced it filed an antitrust lawsuit against “six of the nation’s largest landlords for participating in algorithmic pricing schemes that harmed renters.”

The US previously sued RealPage, a software maker accused of helping landlords collectively set prices by giving them access to competitors’ nonpublic pricing and occupancy information. The original version of the lawsuit described actions by landlords but did not name any as defendants.

The Justice Department filed an amended complaint today in order to add the landlords as defendants. The landlord defendants are Greystar, LivCor, Camden, Cushman, Willow Bridge, and Cortland, which collectively “operate more than 1.3 million units in 43 states and the District of Columbia,” the DOJ said.

Read the full article. The lengthy DOJ complaint is here.

BREAKING: The Justice Department of suing six of the nation’s largest landlords for illegally raising rents on over one million people using algorithmic pricing.

The DOJ and multiple states added these landlords to their suit against RealPage, the rental software company.

— More Perfect Union (@moreperfectunion.bsky.social) January 7, 2025 at 2:40 PM