Comment on Colorado, Justice Department add Greystar, Cortland and other large landlords to apartment price-fixing suit

Colorado, Justice Department add Greystar, Cortland and other large landlords to apartment price-fixing suit

Several large landlords allegedly colluded in an effort to keep apartment rents high, including by using an algorithm that influences prices, according to new legal filings by the Colorado attorney general, the U.S. Justice Department and a coalition of other states. An amended complaint filed Tuesday added six landlords to an antitrust lawsuit levied last summer against RealPage, the software developer whose algorithms have faced scrutiny for their alleged role in fixing rents.

 

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