The landlords named in the amended complaint—Greystar Real Estate Partners, Blackstone’s LivCor, Camden Property Trust, Cushman & Wakefield, Willow Bridge Property Company, and Cortland Management—operate more than 1.3 million rental units nationwide. The DOJ alleges that these landlords not only utilized RealPage’s controversial algorithm but also engaged in direct communication and user group discussions to share sensitive pricing strategies. For example, the DOJ highlighted instances where Camden executives communicated with competitors about planned rent increases and occupancy strategies.
In a move to settle with the DOJ, Cortland agreed to cooperate with the investigation, cease using competitor-sensitive data, and stop relying on common pricing algorithms. This consent decree is subject to a 60-day public comment period, after which the court may approve the settlement. The amended lawsuit underscores the DOJ’s commitment to ensuring a competitive housing market, stating, “Landlords must not prioritize profits over fair housing opportunities for renters.”
See the amended complaint below.
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