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RealPage accused on coordinating with landlords to keep rents artificially high
The Justice Department has expanded a lawsuit against the real estate software company RealPage, adding six of the biggest landlords and property management companies in the country to the suit and alleging that they coordinated to keep rents artificially high.
Landlords are accused of colluding to raise rents. See where.
Millions of rents across the country may now be set using one company’s algorithmic software, according to a federal lawsuit and a Washington Post analysis.
NC accuses 6 landlords of ‘illegally working together’ to raise rents in RealPage lawsuit
An amended complaint names six landlords as defendants in ongoing litigation that North Carolina and several other states, along with the federal government, began in August.
DC residents react to DOJ suing six landlords for colluding to keep rental prices high
High rent prices in D.C. have long frustrated residents in the District. “When I was looking at prices, I said, ‘Can you write down the prices of the units we saw?’ And they said no because the prices change every day,
DOJ sues RealPage, landlords for colluding to inflate rents: Houston renters impacted
The Department of Justice alleges several property management companies colluded to inflate rents using algorithmic software, harming millions of renters in Houston and across the country.
Justice Department Sues Six of the Nation’s Largest Landlords in Effort to Stop Alleged Price-Fixing in Rental Markets
Heather Vogell ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. The Department of Justice on Tuesday sued six of the nation’s largest landlords,
Illinois joins Justice Department lawsuit against RealPage and big landlords
The real estate companies kept rents high with RealPage's software and by sharing information, the antitrust complaint says.
Justice Department Sues Landlords Over Rent-Fixing Scheme
The US Justice Department is taking legal action against several landlords accused of collaborating to artificially maintain high rent prices. This lawsuit emerges amidst a tough housing market where many renters find themselves spending over 30% of their income on rent and utilities.
Justice Department accuses 6 major landlords of keeping rents high
The lawsuit arrives as U.S. renters continue to struggle. The latest figures show that half of American renters spent more than 30% of their income on rent and utilities in 2022, an all-time high.
US DOJ sues landlords over rent price-fixing algorithms
The US Department of Justice (DOJ) announced a lawsuit Tuesday against six corporate landlords and a software company accused of colluding to fix rent prices by sharing sensitive competitive
DOJ Sues landlords for hiking rents
High rent prices in D.C. are frustrating for renters.
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on MSN
U.S. Expands RealPage Price-Fixing Lawsuit to Include Six Big Landlords
Greystar, the largest U.S. apartment owner, and Blackstone’s LivCor are among the firms added to the suit.
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on MSN
The DOJ Expands Its Lawsuit Against AI Software Company RealPage to Include 6 Major Landlords
After suing real estate software company RealPage in late August, the U.S. Department of Justice (DOJ) expanded its lawsuit ...
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DOJ Adds 6 Major Landlords to Lawsuit Over Algorithmically Inflating Americans’ Rents
Federal prosecutors sued the real estate software company RealPage in August, now they're suing some of the company's biggest ...
1d
on MSN
Under the Dome: State lawmakers start session; NC sues RealPage and 6 landlords
The six landlords named in the lawsuit have allegedly used RealPage’s algorithm to set rent prices in roughly one-third of ...
Bisnow
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6 Major Landlords Accused Of Anticompetitive Behavior In DOJ’s Reinvigorated RealPage Investigation
Greystar, Blackstone, Camden Property Trust and Cushman & Wakefield are among the firms added to the suit that alleges ...
GlobeSt.com
19h
Multiple Factors Support Robust Multifamily Absorption Forecast
Better multifamily absorption through 2024 is expected to continue into 2025 even if the pace of absorption drops slightly as ...
2d
on MSN
‘Absolutely egregious’: North Carolina attorney general sues landlords over alleged rent raising collusion
North Carolina’s attorney general says six landlords operating in the state – including two with properties in southeast ...
2d
on MSN
Renters in these two Alabama cities may have overpaid, feds allege
Alabama is not a party to the suit, yet some of the companies named in the complaint manage or own properties in Alabama, ...
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