Greystar agreed to a $7 million settlement with nine states over its use of RealPage-linked rent-setting software that prosecutors said helped landlords align prices during a national affordability crisis. The company will stop using tools that rely on competitors’ confidential data and has separately reached a $50M class-action deal and a nonmonetary DOJ agreement. RealPage denies wrongdoing, saying low housing supply—not algorithms—drives rising rents as states begin targeting rent-pricing software.
