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Greystar Settles Lawsuit, Ends Controversial Rent-Setting Software

8/13/2025

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Summary

Story summary

Greystar, the largest U.S. landlord, settled a price-fixing lawsuit, agreeing to discontinue algorithmic rent-setting software.
The settlement seeks to improve competition and housing affordability, pending judicial approval.
Managing approximately 950,000 units, Greystar has faced allegations of deceptive rental practices.
The Justice Department's actions stem from a ProPublica investigation into potential collusion among landlords using RealPage software.
Greystar will not admit wrongdoing but will support ongoing investigations into RealPage.

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Story summary

Greystar, the largest U.S. landlord, settled a price-fixing lawsuit, agreeing to discontinue algorithmic rent-setting software.
The settlement seeks to improve competition and housing affordability, pending judicial approval.
Managing approximately 950,000 units, Greystar has faced allegations of deceptive rental practices.
The Justice Department's actions stem from a ProPublica investigation into potential collusion among landlords using RealPage software.
Greystar will not admit wrongdoing but will support ongoing investigations into RealPage.