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US sues six of the biggest landlords over “algorithmic pricing schemes” | Six landlords added to RealPage lawsuit; Cortland settles and will cooperate.
Six landlords added to RealPage lawsuit; Cortland settles and will cooperate.
In December 2022, the National Multifamily Housing Council trade group said that "the highly fragmented nature of the rental apartment industry fosters competitive pricing, not anticompetitive behavior. "Along with using RealPage's anticompetitive pricing algorithms, these landlords coordinated through a variety of means," such as "directly communicating with competitors' senior managers about rents, occupancy, and other competitively sensitive topics," the DOJ said. The Justice Department is joined in the case by the attorneys general of California, Colorado, Connecticut, Illinois, Massachusetts, Minnesota, North Carolina, Oregon, Tennessee, and Washington.
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