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Greystar Settles $141M Lawsuit Over Rental Price Inflation

10/10/2025

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Summary

Story summary

Greystar and 25 property management firms agreed to a $141 million settlement in a class-action lawsuit over alleged rental price inflation using RealPage algorithms.
Greystar will pay $50 million, pending judicial approval, and the settlement prohibits sharing nonpublic information with RealPage.
The companies deny wrongdoing but aim to focus on client service, while RealPage claims high rents result from a housing supply shortage.
Other defendants include BH Management and Simpson Property Group, with settlements between $550,000 and $15 million.

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Story summary

Greystar and 25 property management firms agreed to a $141 million settlement in a class-action lawsuit over alleged rental price inflation using RealPage algorithms.
Greystar will pay $50 million, pending judicial approval, and the settlement prohibits sharing nonpublic information with RealPage.
The companies deny wrongdoing but aim to focus on client service, while RealPage claims high rents result from a housing supply shortage.
Other defendants include BH Management and Simpson Property Group, with settlements between $550,000 and $15 million.