Reposted by Cathy Proctor
Greystar was using rent-setting algorithms from software company RealPage, the subject of a 2022 ProPublica investigation that showed the firm was helping landlords decide prices in a way that legal experts said could result in cartel-like behavior.
By @heathervogell.bsky.social
propublica.org
America’s Largest Landlord Makes Deal With DOJ to Settle Price-Fixing Claims in RealPage Case
Greystar, which manages nearly 950,000 apartments, has agreed to stop using “anti-competitive” algorithms to suggest rents. ProPublica previously showed how such software lets landlords set rents in a...