Greystar Real Estate Partners, Bozzuto management and Rose Associates are linked to lawsuits alleging a nationwide conspiracy to raise rents.
The bill follows a flurry of lawsuits filed around the country in recent months against RealPage, maker of the most widely used property management software that uses algorithms to set rent prices.
Websites that gather private data to help landlords set their rents are fostering unlawful collusion, bill backers say.
Attorney General-nominee Pam Bondi and Assistant Attorney General-nominee Gail Slater must seize the opportunity to restore antitrust enforcement to its roots, preserving competitive markets while avoiding policies that inadvertently harm consumers and stifle innovation.
New York, Denver and Nashville are among the nation’s difficult-to-predict markets. Some apartment markets are more difficult to predict than others in the United States, offering a wide range of possible performance outcomes than others that tend to fit into a neat category of market profiles. RealPage
Landlords’ use of automated rent-setting software is “plainly illegal,” Sen. Jess Salomon in Washington state says.
Maryland is suing a real estate technology company and six of the largest landlords in the state for colluding to jack up prices on renters.
Last week, the Department of Justice added six large landlords to an ongoing antitrust lawsuit, alleging that they used software to illegally fix rents by sharing pricing information among competitors.
On Tuesday, the DOJ, filed an amended complaint in its antitrust lawsuit against RealPage, suing six of the nation’s largest landlords.
DAPHNE, Ala., Jan. 24, 2025 /PRNewswire/ -- SalesMail, the #1 personalized video platform in multifamily and senior living, recently announced an integration with Knock CRM, powered by RealPage, the leading global provider of AI-enabled software platforms to the real estate industry.
According to an analysis by KUT, these companies own and manage at least 52,715 rental homes in the Austin metro. That accounts for roughly 13% of all multifamily homes.
In August 2024, the Department of Justice (DOJ) and eight states filed a civil antitrust lawsuit against RealPage Inc., alleging that its software