Greystar Reaches Deal in DOJ’s Rental Market Collusion Case

Greystar Real Estate Partners LLCreached a tentative settlement with the Department of Justice in an antitrust lawsuit accusing the landlord of colluding to increase rents across the US, in part, through widely used industry software.

As part of the deal, Greystar is barred from generating pricing recommendations derived from algorithms using competitively sensitive data, sharing competitive information with competitors and must cooperate in the government’s case against the rental market software and data company RealPage Inc.

The DOJ sued Thoma Bravo LLC-backed RealPage a year ago, accusing it of assisting in a price-fixing conspiracy via software that helps landlords ...