US sues six of the biggest landlords over “algorithmic pricing schemes”

The US Justice Department today announced it filed an antitrust lawsuit against “six of the nation’s largest landlords for participating in algorithmic pricing schemes that harmed renters.” One of the landlords, Cortland Management, agreed to a settlement “that requires it to cooperate with the government,” the DOJ said.

The US previously sued #RealPage, a software maker accused of helping landlords collectively set prices by giving them access to competitors’ nonpublic pricing and occupancy information.

The landlord defendants are #Greystar, #LivCor, #Camden, #Cushman, #WillowBridge, and #Cortland, which collectively “operate more than 1.3 million units in 43 states and the District of Columbia,” the DOJ said.

The Justice Department is joined in the case by the attorneys general of CA, CO, CT, IL, MA, MN, NC, OR, TN, and WA.

Ars Technica / https://archive.ph/b2Qoq #HousingCrisis #DenyDefendDepose