Charleston Apartment Manager Settles Lawsuit Claiming It Inflated Rents. How Will It Impact Prices?

Charleston apartment manager settles lawsuit claiming it inflated rents. How will it impact prices?

Greystar has agreed to settle a federal lawsuit alleging it worked with other landlords to keep rents high, but the company said the agreement is "no admission of wrongdoing."

Greystar settles DOJ rent algorithm probe

The nation’s largest landlord will be compelled to cooperate in the monopoly and antitrust case against RealPage.

Greystar Strikes Deal With DOJ, Will Cooperate In RealPage Antitrust Case

Greystar has reached a deal with the federal government to end its prosecution over alleged anticompetitive rent-setting practices facilitated by real estate software giant RealPage.  Under the consent decree, subject to final court approval, Greystar will refrain from using any rent pricing software that uses competitor or nonpublic data and will more generally cease sharing and comparing any rental data with competitors.  If approved by a fede…