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Greystar Settles for $7M Over Rent-Inflating Algorithms

11/20/2025

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Summary

Story summary

Greystar agreed to a $7 million settlement with nine states over rent-setting algorithms that inflated costs, filed in a North Carolina federal court.
The settlement follows antitrust actions, including against RealPage and similar companies.
California Attorney General Rob Bonta said that price collusion is illegal.
As part of the agreement, Greystar will stop using software relying on confidential data from other landlords.

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Story summary

Greystar agreed to a $7 million settlement with nine states over rent-setting algorithms that inflated costs, filed in a North Carolina federal court.
The settlement follows antitrust actions, including against RealPage and similar companies.
California Attorney General Rob Bonta said that price collusion is illegal.
As part of the agreement, Greystar will stop using software relying on confidential data from other landlords.